Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-315truetrue2022-04-01falseNo description of principal activity5The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04277194 2022-04-01 2023-03-31 04277194 2021-04-01 2022-03-31 04277194 2023-03-31 04277194 2022-03-31 04277194 2021-04-01 04277194 c:Director4 2022-04-01 2023-03-31 04277194 d:MotorVehicles 2022-04-01 2023-03-31 04277194 d:MotorVehicles 2023-03-31 04277194 d:MotorVehicles 2022-03-31 04277194 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04277194 d:OfficeEquipment 2022-04-01 2023-03-31 04277194 d:OfficeEquipment 2023-03-31 04277194 d:OfficeEquipment 2022-03-31 04277194 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04277194 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04277194 d:CurrentFinancialInstruments 2023-03-31 04277194 d:CurrentFinancialInstruments 2022-03-31 04277194 d:Non-currentFinancialInstruments 2023-03-31 04277194 d:Non-currentFinancialInstruments 2022-03-31 04277194 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04277194 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04277194 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04277194 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04277194 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04277194 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 04277194 d:ShareCapital 2023-03-31 04277194 d:ShareCapital 2022-03-31 04277194 d:RetainedEarningsAccumulatedLosses 2023-03-31 04277194 d:RetainedEarningsAccumulatedLosses 2022-03-31 04277194 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04277194 c:OrdinaryShareClass1 2023-03-31 04277194 c:OrdinaryShareClass1 2022-03-31 04277194 c:FRS102 2022-04-01 2023-03-31 04277194 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04277194 c:FullAccounts 2022-04-01 2023-03-31 04277194 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04277194 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04277194 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04277194














HELP INTERNET LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
HELP INTERNET LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
HELP INTERNET LIMITED
REGISTERED NUMBER:04277194

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,897
58,309

Current assets
  

Debtors: amounts falling due within one year
 5 
59,982
41,722

Cash at bank and in hand
  
2,309
21,947

  
62,291
63,669

Current Liabilities
  

Creditors: amounts falling due within one year
 6 
(71,807)
(74,260)

Net current liabilities
  
 
 
(9,516)
 
 
(10,591)

Creditors: amounts falling due after more than one year
 7 
(23,329)
(33,333)

Provisions for liabilities
  

Deferred tax
 9 
(8,055)
(12,802)

Net assets
  
1,997
1,583


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
1,995
1,581

  
1,997
1,583


Page 1

 
HELP INTERNET LIMITED
REGISTERED NUMBER:04277194
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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.

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 8 November 2023.




R Sidlin
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HELP INTERNET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Help Internet Limited is a private company limited by shares and incorporated in England. Its registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company is the use of Internet and other electronic technology to provide electronic communications, advertising, marketing and publishing services on the Internet.
The financial statements are presented in £ sterling, which is the functional currency of the Company. 

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Revenue is recognised when goods and services are delivered taking into consideration the terms of each service agreement. 

 
2.3

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:

Motor vehicles
-
25% and 33%
Office 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.

Page 3

 
HELP INTERNET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently are measured at amortised cost using the effective interest method, less any impairment losses the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
 

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable.

 
2.8

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
HELP INTERNET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.11

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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 5

 
HELP INTERNET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
57,490
38,389
95,879


Additions
-
4,685
4,685



At 31 March 2023

57,490
43,074
100,564



Depreciation


At 1 April 2022
17,966
19,604
37,570


Charge for the year on owned assets
9,881
10,216
20,097



At 31 March 2023

27,847
29,820
57,667



Net book value



At 31 March 2023
29,643
13,254
42,897



At 31 March 2022
39,524
18,785
58,309


5.


Debtors

2023
2022
£
£


Trade debtors
27,710
23,608

Other debtors
16,717
-

Prepayments and accrued income
15,555
18,114

59,982
41,722


Page 6

 
HELP INTERNET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,008
10,004

Trade creditors
8,660
12,152

Other taxation and social security
24,529
24,070

Other creditors
639
3,791

Accruals and deferred income
27,971
24,243

71,807
74,260



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,329
33,333

23,329
33,333



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,008
10,004


Amounts falling due 2-5 years

Bank loans
23,329
33,333


33,337
43,337


Page 7

 
HELP INTERNET LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Deferred taxation




2023
2022


£

£






At 1 April 2022
(12,802)
(11,222)


Charged to profit or loss
4,747
(1,580)



At 31 March 2023
(8,055)
(12,802)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(8,055)
(12,802)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1 each
2
2



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,256 (2022 - £3,076) . Contributions totalling £274 (2022 - £256) were payable to the fund at the reporting date and are included in creditors.

 
Page 8