Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302Ultimate holding company22022-07-01falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04771486 2022-07-01 2023-06-30 04771486 2021-07-01 2022-06-30 04771486 2023-06-30 04771486 2022-06-30 04771486 c:Director1 2022-07-01 2023-06-30 04771486 d:FurnitureFittings 2022-07-01 2023-06-30 04771486 d:FurnitureFittings 2023-06-30 04771486 d:FurnitureFittings 2022-06-30 04771486 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04771486 d:ComputerEquipment 2022-07-01 2023-06-30 04771486 d:ComputerEquipment 2023-06-30 04771486 d:ComputerEquipment 2022-06-30 04771486 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04771486 d:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 04771486 d:OtherPropertyPlantEquipment 2023-06-30 04771486 d:OtherPropertyPlantEquipment 2022-06-30 04771486 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04771486 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04771486 d:Goodwill 2023-06-30 04771486 d:Goodwill 2022-06-30 04771486 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 04771486 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-06-30 04771486 d:CurrentFinancialInstruments 2023-06-30 04771486 d:CurrentFinancialInstruments 2022-06-30 04771486 d:Non-currentFinancialInstruments 2023-06-30 04771486 d:Non-currentFinancialInstruments 2022-06-30 04771486 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04771486 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 04771486 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04771486 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 04771486 d:ShareCapital 2023-06-30 04771486 d:ShareCapital 2022-06-30 04771486 d:SharePremium 2023-06-30 04771486 d:SharePremium 2022-06-30 04771486 d:CapitalRedemptionReserve 2023-06-30 04771486 d:CapitalRedemptionReserve 2022-06-30 04771486 d:RetainedEarningsAccumulatedLosses 2023-06-30 04771486 d:RetainedEarningsAccumulatedLosses 2022-06-30 04771486 c:FRS102 2022-07-01 2023-06-30 04771486 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 04771486 c:FullAccounts 2022-07-01 2023-06-30 04771486 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04771486 d:Subsidiary1 2022-07-01 2023-06-30 04771486 d:Subsidiary1 1 2022-07-01 2023-06-30 04771486 d:Subsidiary2 2022-07-01 2023-06-30 04771486 d:Subsidiary2 1 2022-07-01 2023-06-30 04771486 d:Subsidiary3 2022-07-01 2023-06-30 04771486 d:Subsidiary3 1 2022-07-01 2023-06-30 04771486 d:Subsidiary4 2022-07-01 2023-06-30 04771486 d:Subsidiary4 1 2022-07-01 2023-06-30 04771486 d:Subsidiary5 2022-07-01 2023-06-30 04771486 d:Subsidiary5 1 2022-07-01 2023-06-30 04771486 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 04771486








AMPLEFUTURE GROUP LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2023

 
AMPLEFUTURE GROUP LIMITED
REGISTERED NUMBER: 04771486

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
12,991
2,154

Investments
 7 
317,250
317,250

  
330,241
319,404

Current assets
  

Debtors: amounts falling due within one year
 8 
310,024
203,540

Cash at bank and in hand
  
27,463
27,479

  
337,487
231,019

Creditors: amounts falling due within one year
 9 
(495,808)
(406,131)

Net current liabilities
  
 
 
(158,321)
 
 
(175,112)

Total assets less current liabilities
  
171,920
144,292

Creditors: amounts falling due after more than one year
 10 
(7,124,734)
(7,020,673)

  

Net liabilities
  
(6,952,814)
(6,876,381)


Capital and reserves
  

Called up share capital 
  
2,917
2,917

Share premium account
  
471,268
471,268

Capital redemption reserve
  
1,298,000
1,298,000

Profit and loss account
  
(8,724,999)
(8,648,566)

  
(6,952,814)
(6,876,381)


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.

Page 1

 
AMPLEFUTURE GROUP LIMITED
REGISTERED NUMBER: 04771486
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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 1 August 2023.




Derek Byrne
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Amplefuture Group Limited is a private company limited by share capital, incorporated in England and Wales, registration number 04771486. The address of the registered office is 30 Orange Street, London, WC2H 7HF.

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

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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 for services provided in the accounting period.

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life.
Other 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.

Page 3

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

  
2.5

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.6

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:

Computer equipment
-
33% - 50% 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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

Page 4

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income including profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.11

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.

 
2.12

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.13

Finance costs

Finance costs are charged to the statement of comprehensive income including profit and loss account 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. 

Page 5

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.14

Borrowing costs

All borrowing costs are recognised in the statement of comprehensive income including profit and loss account in the year in which they are incurred.

 
2.15

Taxation

Tax is recognised in the statement of comprehensive income including profit and loss account, 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.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet 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 balance sheet date.


3.


Employees

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


4.


Taxation


2023
2022
£
£



Total current tax
-
-

Factors affecting tax charge for the year

The tax charge that would have arisen based on the tax adjusted profit for the year at the standard rate of corporation tax in the UK of 20.5% (2022 - 19%) has been eliminated as a result of losses brought forward from earlier years.


Page 6

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
 
4.Taxation (continued)


Factors that may affect future tax charges

The company has unutilised capital losses of £327,537 (2022: £327,537), non-trade loan relationship deficits of £1,558,554 (2022: £1,896,638) and capital allowances in excess of depreciation of £5,416    (2022 - depreciation in excess of capital allowances of £7,085) resulting in a deferred tax asset which has not been recognised in the financial statements. The directors cannot assess with sufficient certainty that the deferred tax asset of £470,169 (2022: £423,939) will be recoverable in the foreseeable future and therefore no tax credit arises in respect of the current period.


5.


Intangible assets




Goodwill
EPG Platforms
Total

£
£
£



Cost


At 1 July 2022
85,000
50,000
135,000



At 30 June 2023

85,000
50,000
135,000



Amortisation


At 1 July 2022
85,000
50,000
135,000



At 30 June 2023

85,000
50,000
135,000



Net book value



At 30 June 2023
-
-
-



At 30 June 2022
-
-
-



Page 7

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Tangible fixed assets





Computer equipment
Fixtures & fittings
Software
Total

£
£
£
£



Cost or valuation


At 1 July 2022
199,072
11,126
10,390
220,588


Additions
12,542
-
-
12,542



At 30 June 2023

211,614
11,126
10,390
233,130



Depreciation


At 1 July 2022
196,918
11,126
10,390
218,434


Charge for the year on owned assets
1,705
-
-
1,705



At 30 June 2023

198,623
11,126
10,390
220,139



Net book value



At 30 June 2023
12,991
-
-
12,991



At 30 June 2022
2,154
-
-
2,154

Page 8

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 July 2022
313,500
3,750
317,250



At 30 June 2023

313,500
3,750
317,250






Net book value



At 30 June 2023
313,500
3,750
317,250



At 30 June 2022
313,500
3,750
317,250


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Principal activity

Class of shares

Holding

Amoja Limited
Telecommunication, mobile and property services
Ordinary
100%
Ampay Limited
Billing, telecoms and a/v platform services
Ordinary
100%
Soscient Limited
Voice and web services
Ordinary
100%
Virtual Talk Limited
Infrastructure hosting for telecommunications and internet including technical customer services
Ordinary
100%
Visional Media Limited
Broadcasting, consultancy, mobile and business development services
Ordinary
100%

The annual financial statements of the above are filed with Companies House as required and can be viewed on their Register of Companies.
In addition, the company owned 100% of the issued share capital of Ampay Global Limited which did not trade during the year.
In addition, the company has an investment in 24.8% of the issued ordinary shares of Trendstop Limited.

Page 9

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
292,466
186,988

VAT repayable
108
3,137

Prepayments and accrued income
17,450
13,415

310,024
203,540



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
309,871
291,388

Trade creditors
79,036
38,839

Amounts owed to group undertakings
77,842
49,962

Other creditors
26,709
21,148

Accruals and deferred income
2,350
4,794

495,808
406,131


Page 10

 
AMPLEFUTURE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
370,782
522,159

Other loans
6,753,952
6,498,514

7,124,734
7,020,673


Secured loans
Other loans includes an amount payable to a director of the company of £2,909,424 (2022 - £2,833,356) which is secured by a register of charge on the company dated 10 September 2013 incorporating a fixed and floating charge over all current and future assets of the company.

 
Page 11