Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31552022-04-01falseNo description of principal activity61falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03688947 2022-04-01 2023-03-31 03688947 2021-04-01 2022-03-31 03688947 2023-03-31 03688947 2022-03-31 03688947 2021-04-01 03688947 c:Director1 2022-04-01 2023-03-31 03688947 d:PlantMachinery 2022-04-01 2023-03-31 03688947 d:PlantMachinery 2023-03-31 03688947 d:PlantMachinery 2022-03-31 03688947 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03688947 d:MotorVehicles 2022-04-01 2023-03-31 03688947 d:MotorVehicles 2023-03-31 03688947 d:MotorVehicles 2022-03-31 03688947 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03688947 d:FurnitureFittings 2022-04-01 2023-03-31 03688947 d:FurnitureFittings 2023-03-31 03688947 d:FurnitureFittings 2022-03-31 03688947 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03688947 d:OfficeEquipment 2022-04-01 2023-03-31 03688947 d:OfficeEquipment 2023-03-31 03688947 d:OfficeEquipment 2022-03-31 03688947 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03688947 d:ComputerEquipment 2022-04-01 2023-03-31 03688947 d:ComputerEquipment 2023-03-31 03688947 d:ComputerEquipment 2022-03-31 03688947 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03688947 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 03688947 d:OtherPropertyPlantEquipment 2023-03-31 03688947 d:OtherPropertyPlantEquipment 2022-03-31 03688947 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03688947 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03688947 d:Goodwill 2023-03-31 03688947 d:Goodwill 2022-03-31 03688947 d:ComputerSoftware 2023-03-31 03688947 d:ComputerSoftware 2022-03-31 03688947 d:CurrentFinancialInstruments 2023-03-31 03688947 d:CurrentFinancialInstruments 2022-03-31 03688947 d:Non-currentFinancialInstruments 2023-03-31 03688947 d:Non-currentFinancialInstruments 2022-03-31 03688947 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03688947 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03688947 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03688947 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03688947 d:ShareCapital 2022-04-01 2023-03-31 03688947 d:ShareCapital 2023-03-31 03688947 d:ShareCapital 2021-04-01 2022-03-31 03688947 d:ShareCapital 2022-03-31 03688947 d:ShareCapital 2021-04-01 03688947 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 03688947 d:RetainedEarningsAccumulatedLosses 2023-03-31 03688947 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 03688947 d:RetainedEarningsAccumulatedLosses 2022-03-31 03688947 d:RetainedEarningsAccumulatedLosses 2021-04-01 03688947 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03688947 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 03688947 d:OtherDeferredTax 2023-03-31 03688947 d:OtherDeferredTax 2022-03-31 03688947 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03688947 c:OrdinaryShareClass1 2023-03-31 03688947 c:OrdinaryShareClass1 2022-03-31 03688947 c:FRS102 2022-04-01 2023-03-31 03688947 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03688947 c:FullAccounts 2022-04-01 2023-03-31 03688947 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03688947 d:Subsidiary1 2022-04-01 2023-03-31 03688947 d:Subsidiary1 1 2022-04-01 2023-03-31 03688947 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 03688947 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 03688947 2 2022-04-01 2023-03-31 03688947 6 2022-04-01 2023-03-31 03688947 d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 03688947 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 03688947 d:ComputerSoftware d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 03688947
















IDS-INDATA LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

































IDS-INDATA LIMITED
REGISTERED NUMBER:03688947

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
58,722
37,821

Tangible assets
 5 
555,602
322,647

Investments
  
101
101

  
614,425
360,569

Current assets
  

Stocks
  
259,870
258,974

Debtors: amounts falling due after more than one year
 7 
18,710
28,668

Debtors: amounts falling due within one year
 7 
1,410,106
3,203,085

Cash at bank and in hand
 8 
972,095
2,139,094

  
2,660,781
5,629,821

Creditors: amounts falling due within one year
 9 
(1,465,984)
(3,762,270)

Net current assets
  
1,194,797
1,867,551

Total assets less current liabilities
  
1,809,222
2,228,120

Creditors: amounts falling due after more than one year
 10 
(715,499)
(1,184,822)

Provisions for liabilities
  

Deferred tax
  
(142,773)
(74,900)

  
(142,773)
(74,900)

Net assets
  
950,950
968,398


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
945,950
963,398

  
950,950
968,398




IDS-INDATA LIMITED
REGISTERED NUMBER:03688947
    
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 by: 





Iain Michael Warner Askew
Director

Date: 24 November 2023

The notes on  form part of these financial statements.



IDS-INDATA LIMITED


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2021
5,000
788,678
793,678


Comprehensive income for the year

Profit for the year
-
400,931
400,931
Total comprehensive income for the year
-
400,931
400,931


Contributions by and distributions to owners

Dividends: Equity capital
-
(226,211)
(226,211)


Total transactions with owners
-
(226,211)
(226,211)



At 1 April 2022
5,000
963,398
968,398


Comprehensive income for the year

Profit for the year
-
85,507
85,507
Total comprehensive income for the year
-
85,507
85,507


Contributions by and distributions to owners

Dividends: Equity capital
-
(102,955)
(102,955)


Total transactions with owners
-
(102,955)
(102,955)


At 31 March 2023
5,000
945,950
950,950


The notes on  form part of these financial statements.



IDS-INDATA LIMITED

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

1.


GENERAL INFORMATION

IDS-INDATA Limited is a private limited liability company incorporated and domiciled in England and Wales. The registered office is Malvern View, Enigma Business Park, Malvern, Worcestershire, WR14 1GP.
The principal activity of the company in the period was to provide cloud-managed and technology services.

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 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.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 



IDS-INDATA LIMITED

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

2.ACCOUNTING POLICIES (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

INTEREST INCOME

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

 
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.



IDS-INDATA LIMITED

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

2.ACCOUNTING POLICIES (continued)

 
2.7

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.

 
2.8

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.

 
2.9

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

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.



IDS-INDATA LIMITED

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

2.ACCOUNTING POLICIES (continued)


2.10
TANGIBLE FIXED ASSETS (CONTINUED)

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
-
10%
Motor vehicles
-
10%
Fixtures and fittings
-
10%
Office equipment
-
10%
Computer equipment
-
20%
Other fixed assets
-
20%

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.

 
2.11

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

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.

 
2.14

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.

 
2.15

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.



IDS-INDATA LIMITED

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

2.ACCOUNTING POLICIES (continued)

 
2.16

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.

 
2.17

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 55 (2022:61).


4.


INTANGIBLE ASSETS




Computer software
Goodwill
Total

£
£
£



COST


At 1 April 2022
53,864
18,000
71,864


Additions
29,687
-
29,687



At 31 March 2023

83,551
18,000
101,551



AMORTISATION


At 1 April 2022
16,043
18,000
34,043


Charge for the year on owned assets
8,786
-
8,786



At 31 March 2023

24,829
18,000
42,829



NET BOOK VALUE



At 31 March 2023
58,722
-
58,722



At 31 March 2022
37,821
-
37,821





IDS-INDATA LIMITED



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



5.


TANGIBLE FIXED ASSETS






Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Cloud equipment
Total

£
£
£
£
£
£
£



COST OR VALUATION


At 1 April 2022
82,899
-
124,000
139,268
259,415
707,716
1,313,298


Additions
141,969
35,354
5,267
-
5,479
191,482
379,551


Disposals
(12,732)
-
-
-
-
-
(12,732)



At 31 March 2023

212,136
35,354
129,267
139,268
264,894
899,198
1,680,117



DEPRECIATION


At 1 April 2022
38,880
-
56,637
121,996
186,223
586,915
990,651


Charge for the year on owned assets
7,090
1,947
11,401
3,912
37,311
81,585
143,246


Disposals
(9,382)
-
-
-
-
-
(9,382)



At 31 March 2023

36,588
1,947
68,038
125,908
223,534
668,500
1,124,515



NET BOOK VALUE



At 31 March 2023
175,548
33,407
61,229
13,360
41,360
230,698
555,602



At 31 March 2022
44,019
-
67,363
17,272
73,192
120,801
322,647


IDS-INDATA LIMITED

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

6.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 April 2022
101



At 31 March 2023
101





SUBSIDIARY UNDERTAKING


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

IDS-INDATA B.V.
Amersfoort
Ordinary
100%


7.


DEBTORS

2023
2022
£
£

DUE AFTER MORE THAN ONE YEAR

Prepayments and accrued income
18,710
28,668

18,710
28,668


As restated
2023
2022
£
£

DUE WITHIN ONE YEAR

Trade debtors
702,078
1,968,672

Amounts owed by group undertakings
-
184,804

Other debtors
114,261
5,408

Prepayments and accrued income
78,886
417,155

Amounts recoverable on long-term contracts
514,881
627,046

1,410,106
3,203,085




IDS-INDATA LIMITED

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

8.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
972,095
2,139,094

972,095
2,139,094



9.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

As restated
2023
2022
£
£

Trade creditors
747,296
1,652,353

Corporation tax
-
40,401

Other taxation and social security
69,228
277,421

Other creditors
70,782
42,517

Accruals and deferred income
578,678
1,749,578

1,465,984
3,762,270



10.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Accruals and deferred income
715,499
1,184,822

715,499
1,184,822



11.


DEFERRED TAXATION




2023


£






At beginning of year
(74,900)


Charged to profit or loss
(67,873)



AT END OF YEAR
(142,773)



IDS-INDATA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
11.DEFERRED TAXATION (CONTINUED)

The provision for deferred taxation is made up as follows:

As restated
2023
2022
£
£


Fixed asset timing differences
(143,678)
(77,852)

Short-term timing differences
905
2,952

(142,773)
(74,900)


12.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



5,000 (2022:5,000) Ordinary shares of £1.00 each
5,000
5,000



13.


PENSION COMMITMENTS

The Company operates a defined contribution pension scheme for its employees. 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 £48,655 (£2022: £55,831). Contributions totalling £8,444 (2022: £11,811) were payable to the fund at the reporting date and are included in creditors.


14.


RELATED PARTY TRANSACTIONS

Other creditors due within one year includes £27,833 (2022: £30,202) owing to directors. This loan is interest free and has no set repayment date.
IDS-INDATA Limited made sales to Michael Warner Developments Limited amounting to £31,638 (2022: £3,730).
IDS-INDATA Limited made purchases from Michael Warner Developments Limited amounting to £395,133 (2022: £274,400) in relation to rent, forklift hire and disaster recover provisions. At the year end there are no amounts included in debtors (2022: £120,000) in advance of services provided in 2023.


15.


CONTROLLING PARTY

By virtue of shareholding, there is no ultimate controlling party.


16.


PRIOR YEAR ADJUSTMENT

A prior period adjustment was made to record £363,682 of unfulfilled orders in 2022, restating net assets at 31 March 2022, from £1,217,819 to £923,237, and reducing the profit before tax in the year from £817,099 to £453,417.