Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3122022-06-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10752693 2022-06-01 2023-05-31 10752693 2021-06-01 2022-05-31 10752693 2023-05-31 10752693 2022-05-31 10752693 c:Director1 2022-06-01 2023-05-31 10752693 d:FurnitureFittings 2022-06-01 2023-05-31 10752693 d:FurnitureFittings 2023-05-31 10752693 d:FurnitureFittings 2022-05-31 10752693 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10752693 d:ComputerEquipment 2022-06-01 2023-05-31 10752693 d:ComputerEquipment 2023-05-31 10752693 d:ComputerEquipment 2022-05-31 10752693 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10752693 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10752693 d:CurrentFinancialInstruments 2023-05-31 10752693 d:CurrentFinancialInstruments 2022-05-31 10752693 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10752693 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10752693 d:ShareCapital 2023-05-31 10752693 d:ShareCapital 2022-05-31 10752693 d:RetainedEarningsAccumulatedLosses 2023-05-31 10752693 d:RetainedEarningsAccumulatedLosses 2022-05-31 10752693 c:FRS102 2022-06-01 2023-05-31 10752693 c:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10752693 c:FullAccounts 2022-06-01 2023-05-31 10752693 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10752693 2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 10752693










INTERACTIVE CAPITAL MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
INTERACTIVE CAPITAL MANAGEMENT LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2
Notes to the Financial Statements
 
 
3 - 6


 
INTERACTIVE CAPITAL MANAGEMENT LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF INTERACTIVE CAPITAL MANAGEMENT LIMITED
FOR THE YEAR ENDED 31 MAY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Interactive Capital Management Limited for the year ended 31 May 2023 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Interactive Capital Management Limited in accordance with the terms of our engagement letter dated 22 May 2017Our work has been undertaken solely to prepare for your approval the financial statements of Interactive Capital Management Limited  and state those matters that we have agreed to state to the director of Interactive Capital Management Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Interactive Capital Management Limited and its director for our work or for this report. 

It is your duty to ensure that Interactive Capital Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Interactive Capital Management Limited. You consider that Interactive Capital Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Interactive Capital Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
25 September 2023
Page 1

 
INTERACTIVE CAPITAL MANAGEMENT LIMITED
REGISTERED NUMBER: 10752693

BALANCE SHEET
AS AT 31 MAY 2023

2023
2023
2022
2022
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
17,524
5,502

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
51,037
41,537

Cash at bank and in hand
 6 
69,974
162,121

  
121,011
203,658

Creditors: amounts falling due within one year
 7 
(38,371)
(31,003)

NET CURRENT ASSETS
  
 
 
82,640
 
 
172,655

  

NET ASSETS
  
100,164
178,157


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
100,064
178,057

  
100,164
178,157


The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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 on 25 September 2023.



W. L. BRETT
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
INTERACTIVE CAPITAL MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.ACCOUNTING POLICIES

 
1.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
1.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
1.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

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.

Page 3

 
INTERACTIVE CAPITAL MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.ACCOUNTING POLICIES (CONTINUED)

 
1.5

TAXATION

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.

 
1.6

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:

Fixtures and fittings
-
25%
Computer equipment
-
33%

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.

 
1.7

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.

 
1.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.9

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.

Page 4

 
INTERACTIVE CAPITAL MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.ACCOUNTING POLICIES (CONTINUED)

 
1.10

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised affects only that period or in the period of the revision affects both current and future periods. 


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Computer equipment
Total

£
£
£



COST OR VALUATION


At 1 June 2022
6,943
2,108
9,051


Additions
18,858
475
19,333



At 31 May 2023

25,801
2,583
28,384



DEPRECIATION


At 1 June 2022
2,846
703
3,549


Charge for the year on owned assets
6,450
861
7,311



At 31 May 2023

9,296
1,564
10,860



NET BOOK VALUE



At 31 May 2023
16,505
1,019
17,524



At 31 May 2022
4,097
1,405
5,502

Page 5

 
INTERACTIVE CAPITAL MANAGEMENT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


DEBTORS

2023
2022
£
£


Prepayments and accrued income
51,037
41,537



6.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
69,974
162,121



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Corporation tax
21,290
18,678

Other taxation and social security
11,827
8,930

Director's loan account
1,731
320

Accruals and deferred income
3,523
3,075

38,371
31,003



Page 6