Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-305764085914082021-05-01false1412truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03977080 2021-05-01 2022-04-30 03977080 2020-05-01 2021-04-30 03977080 2022-04-30 03977080 2021-04-30 03977080 c:Director1 2021-05-01 2022-04-30 03977080 d:PlantMachinery 2021-05-01 2022-04-30 03977080 d:PlantMachinery 2022-04-30 03977080 d:PlantMachinery 2021-04-30 03977080 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 03977080 d:MotorVehicles 2021-05-01 2022-04-30 03977080 d:MotorVehicles 2022-04-30 03977080 d:MotorVehicles 2021-04-30 03977080 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 03977080 d:FurnitureFittings 2021-05-01 2022-04-30 03977080 d:FurnitureFittings 2022-04-30 03977080 d:FurnitureFittings 2021-04-30 03977080 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 03977080 d:OfficeEquipment 2021-05-01 2022-04-30 03977080 d:OfficeEquipment 2022-04-30 03977080 d:OfficeEquipment 2021-04-30 03977080 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 03977080 d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 03977080 d:CopyrightsPatentsTrademarksServiceOperatingRights 2021-05-01 2022-04-30 03977080 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-04-30 03977080 d:CopyrightsPatentsTrademarksServiceOperatingRights 2021-04-30 03977080 d:CurrentFinancialInstruments 2022-04-30 03977080 d:CurrentFinancialInstruments 2021-04-30 03977080 d:Non-currentFinancialInstruments 2022-04-30 03977080 d:Non-currentFinancialInstruments 2021-04-30 03977080 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 03977080 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 03977080 d:ShareCapital 2022-04-30 03977080 d:ShareCapital 2021-04-30 03977080 d:RetainedEarningsAccumulatedLosses 2022-04-30 03977080 d:RetainedEarningsAccumulatedLosses 2021-04-30 03977080 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 03977080 d:AcceleratedTaxDepreciationDeferredTax 2021-04-30 03977080 d:TaxLossesCarry-forwardsDeferredTax 2022-04-30 03977080 d:TaxLossesCarry-forwardsDeferredTax 2021-04-30 03977080 c:OrdinaryShareClass1 2021-05-01 2022-04-30 03977080 c:OrdinaryShareClass1 2022-04-30 03977080 c:OrdinaryShareClass1 2021-04-30 03977080 c:OrdinaryShareClass2 2021-05-01 2022-04-30 03977080 c:OrdinaryShareClass2 2022-04-30 03977080 c:OrdinaryShareClass2 2021-04-30 03977080 c:OrdinaryShareClass3 2021-05-01 2022-04-30 03977080 c:OrdinaryShareClass3 2022-04-30 03977080 c:OrdinaryShareClass3 2021-04-30 03977080 c:FRS102 2021-05-01 2022-04-30 03977080 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 03977080 c:FullAccounts 2021-05-01 2022-04-30 03977080 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 03977080 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2021-05-01 2022-04-30 03977080 d:KeyManagementIndividualGroup1 2021-05-01 2022-04-30 03977080 d:KeyManagementIndividualGroup1 2021-04-30 03977080 d:KeyManagementIndividualGroup1 2022-04-30 03977080 d:KeyManagementIndividualGroup2 2021-05-01 2022-04-30 03977080 d:KeyManagementIndividualGroup2 2021-04-30 03977080 d:KeyManagementIndividualGroup2 2022-04-30 03977080 d:KeyManagementIndividualGroup3 2021-05-01 2022-04-30 03977080 d:KeyManagementIndividualGroup3 2021-04-30 03977080 d:KeyManagementIndividualGroup3 2022-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03977080









INFOPOINT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2022

 
INFOPOINT LIMITED
REGISTERED NUMBER: 03977080

BALANCE SHEET
AS AT 30 APRIL 2022

2022
2021
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
70
1,340

Tangible assets
 5 
92,628
114,491

  
92,698
115,831

CURRENT ASSETS
  

Stocks
  
65,681
106,898

Debtors: amounts falling due after more than one year
 6 
198,127
214,572

Debtors: amounts falling due within one year
 6 
2,603,736
2,253,746

Cash at bank and in hand
  
645,956
613,925

  
3,513,500
3,189,141

Creditors: amounts falling due within one year
 7 
(2,544,285)
(2,121,411)

NET CURRENT ASSETS
  
 
 
969,215
 
 
1,067,730

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,061,913
1,183,561

PROVISION FOR LIABILITIES
  

Deferred tax
 8 
(18,005)
(21,433)

NET ASSETS
  
1,043,908
1,162,128


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,043,808
1,162,028

  
1,043,908
1,162,128


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
INFOPOINT LIMITED
REGISTERED NUMBER: 03977080
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2022

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr B Clarke
Director

Date: 6 September 2022

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
INFOPOINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1.


GENERAL INFORMATION

The Company is a private company limited by shares and was incorporated in England and Wales on 19 April 2000. The registered office address is William James House, Cowley Road, Cambridge, CB4 0WX. 
The Company's functional and presentational currency is GBP and the figures are rounded to the nearest pound.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Income received in advance is deferred until the period in which the service is contractually provided.

 
2.3

INTANGIBLE ASSETS

Intangible assets are amortised over their useful economic life.

 Amortisation is provided on the following bases:

Trademarks
-
10%
straight line
Page 3

 
INFOPOINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% straight-line
Motor vehicles
-
25% straight-line
Fixtures and fittings
-
25% straight-line
Office equipment
-
20 or 33.3% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

STOCKS

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 4

 
INFOPOINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

 
2.11

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 5

 
INFOPOINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 14 (2021 -12).


4.


INTANGIBLE ASSETS




Trademarks

£



COST


At 1 May 2021
12,700



At 30 April 2022

12,700



AMORTISATION


At 1 May 2021
11,360


Charge for the year on owned assets
1,270



At 30 April 2022

12,630



NET BOOK VALUE



At 30 April 2022
70



At 30 April 2021
1,340



Page 6

 
INFOPOINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

5.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 May 2021
403,612
27,707
9,767
58,836
499,922


Additions
28,370
-
1,692
7,562
37,624


Disposals
(41,506)
(27,707)
(615)
(4,294)
(74,122)



At 30 April 2022

390,476
-
10,844
62,104
463,424



DEPRECIATION


At 1 May 2021
299,654
27,707
6,651
51,419
385,431


Charge for the year on owned assets
36,129
-
1,378
6,380
43,887


Disposals
(25,906)
(27,707)
(615)
(4,294)
(58,522)



At 30 April 2022

309,877
-
7,414
53,505
370,796



NET BOOK VALUE



At 30 April 2022
80,599
-
3,430
8,599
92,628



At 30 April 2021
103,958
-
3,116
7,417
114,491

Page 7

 
INFOPOINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

6.


DEBTORS

2022
2021
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
198,127
214,572


2022
2021
£
£

DUE WITHIN ONE YEAR

Trade debtors
1,857,345
1,063,294

Other debtors
707,148
1,113,540

Prepayments and accrued income
39,243
76,912

2,603,736
2,253,746



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022
2021
£
£

Trade creditors
36,525
121,446

Corporation tax
24,793
19,006

Other taxation and social security
12,460
235,724

Other creditors
2,194
1,858

Accruals and deferred income
2,468,313
1,743,377

2,544,285
2,121,411


Page 8

 
INFOPOINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

8.


DEFERRED TAXATION




2022


£






At beginning of year
21,433


Charged to profit or loss
(3,428)



AT END OF YEAR
18,005

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
23,157
21,753

Other short term timing differences
(5,152)
(320)

18,005
21,433


9.


SHARE CAPITAL

2022
2021
£
£
ALLOTTED, CALLED UP AND FULLY PAID



75 (2021 -75) Ordinary A shares of £1.00 each
75
75
10 (2021 -10) Ordinary B shares of £1.00 each
10
10
15 (2021 -15) Ordinary C shares of £1.00 each
15
15

100

100



10.


PENSION COMMITMENTS

At the balance sheet date pension contributions of £1,419 (2021 - £1,686) were unpaid.

Page 9

 
INFOPOINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

11.


TRANSACTIONS WITH DIRECTORS

Included within other debtors is a short term interest free loan to a director. The maximum balance outstanding was £26,623 and the balance at the year end amounted to £13,623 (2021: £6,477).

Included within other debtors are short term interest free loans to a director. The maximum balance outstanding was £516,408 and the balance at the year end amounted to £501,408 (2021: £516,408) and a seperate share purchase loan of £75,000 (2021: £75,000).

Included within other debtors is an interest free loan to a director. The maximum balance outstanding was £56,050 and the balance at the year end was £49,550 (2021: £44,044). 

 
Page 10