Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truetruetruetruetrue2022-04-01falseNo description of principal activity119truetrue 02168165 2022-04-01 2023-03-31 02168165 2021-04-01 2022-03-31 02168165 2023-03-31 02168165 2022-03-31 02168165 c:Director2 2022-04-01 2023-03-31 02168165 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 02168165 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 02168165 d:CurrentFinancialInstruments 2023-03-31 02168165 d:CurrentFinancialInstruments 2022-03-31 02168165 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02168165 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02168165 d:ShareCapital 2023-03-31 02168165 d:ShareCapital 2022-03-31 02168165 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 02168165 d:RetainedEarningsAccumulatedLosses 2023-03-31 02168165 d:RetainedEarningsAccumulatedLosses 2022-03-31 02168165 c:OrdinaryShareClass1 2022-04-01 2023-03-31 02168165 c:OrdinaryShareClass1 2023-03-31 02168165 c:OrdinaryShareClass1 2022-03-31 02168165 c:FRS102 2022-04-01 2023-03-31 02168165 c:Audited 2022-04-01 2023-03-31 02168165 c:FullAccounts 2022-04-01 2023-03-31 02168165 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02168165 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02168165 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02168165









INSTITUTE OF DATA AND MARKETING LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
INSTITUTE OF DATA AND MARKETING LIMITED
REGISTERED NUMBER: 02168165

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 6 
5,263
38,530

Current assets
  

Debtors: amounts falling due within one year
 7 
81,402
407,831

Cash at bank and in hand
 8 
385,251
237,432

  
466,653
645,263

Creditors: amounts falling due within one year
 9 
(1,102,995)
(1,617,739)

Net current liabilities
  
 
 
(636,342)
 
 
(972,476)

Total assets less current liabilities
  
(631,079)
(933,946)

  

Net liabilities
  
(631,079)
(933,946)


Capital and reserves
  

Called up share capital 
 10 
20,000
20,000

Profit and loss account
 11 
(651,079)
(953,946)

  
(631,079)
(933,946)


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 on 12 March 2024.




C P Combemale
Director

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

Page 1

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Institute of Data and Marketing Limited is a private company limited by shares incorporated in England & Wales under the Companies Act. The address of its registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9LT. The nature of the company's operations and its principal activities are set out in the directors' report.

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 financial statements are presented in sterling (£).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of The Data and Marketing Association Limited as at 31 March 2023 and these financial statements may be obtained from Companies House.

 
2.3

Going concern

The directors have considered the ability of the Company to continue as a Going Concern. In making their assessment the directors have prepared and critically reviewed the Company's cash flow forecast for the next 12 months and ensured that this forecast is modelled on a suitably cautious basis. Further information on the future outlook of the business can be seen in the commentary provided in the Strategic, Chairman’s and CEO’s reports included within the Group’s consolidated financial statements.  

Page 2

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

Page 3

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.5

Intangible fixed assets

Software 
The Company capitalises software expenditure as an intangible asset when it is able to demonstrate all of the following:
• The technical feasibility of completing the development so the intangible asset will be available for use or sale.
• Its intention to complete the development and to use or sell the intangible asset.
• Its ability to use or sell the intangible asset.
• How the intangible asset will generate probable future economic benefits. 
• The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset.
• Its ability to measure reliably the expenditure attributable to the intangible asset during its development.
Capitalised software expenditure is initially recognised at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Capitalised software expenditure is amortised on a straight line basis over its useful life, which is between 3 and 5 years. The directors consider these useful lives to be appropriate because the value of these assets will be expected to be extracted over this period.
All research expenditure and development expenditure that does not meet the above conditions is expensed as incurred.
Amortisation is revised prospectively for any significant change in useful life or residual value.
On disposal, the difference between the net disposal proceeds and the carrying amount of the intangible asset is recognised in profit or loss.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.7

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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transcation, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

 
2.10

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 5

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Operating leases

Rental income from operating leases is credited 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 preiod until the date the rent is expected to be adjusted to the prevailing market rate.

 
2.12

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.

  
2.13

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 the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet 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 balance sheet.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change 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 operate and generate income.

Page 6

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The annual amortisation charge for intangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on market conditions, future investments, and economic utilisation.
The directors do not consider that there are any other significant judgements in applying accounting policies or estimation uncertainty arising in the preparation of these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 19).


5.


Investments

The company had a 100% investment in the ordinary share capital of IDM Training PTE Limited, a company registered in Singapore for SGD100, with the sterling equivalent being £57. IDM Training PTE was dissolved during the year.






Page 7

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Intangible assets




Course development

£



Cost


At 1 April 2022
204,317



At 31 March 2023

204,317



Amortisation


At 1 April 2022
165,787


Charge for the year on owned assets
33,267



At 31 March 2023

199,054



Net book value



At 31 March 2023
5,263



At 31 March 2022
38,530




7.


Debtors

2023
2022
£
£


Trade debtors
22,197
280,455

Amounts owed by group undertakings
59,205
124,811

Prepayments and accrued income
-
2,565

81,402
407,831



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
385,251
237,432


Page 8

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
220
68,694

Amounts owed to group undertakings
1,098,386
1,264,259

Other taxation and social security
-
9,519

Other creditors
-
35,381

Accruals and deferred income
4,389
239,886

1,102,995
1,617,739



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



20,000 (2022 - 20,000) Ordinary shares of £1.00 each
20,000
20,000



11.


Reserves

Profit and loss account

This reserve records retained earnings and accumulated losses.


12.


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 £Nil (2022 - £14,449). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date.


13.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.


14.


Related party transactions

The company has taken advantage of the exemption conferred by FRS102 not to disclose transactions with members of the group headed by The Data and Marketing Association Limited on the grounds that 100% of the voting rights in the company are controlled within that group and the company is included in the consolidated financial statements.

Page 9

 
INSTITUTE OF DATA AND MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

15.


Ultimate parent undertaking and controlling party

The Company's share capital is 100% owned by The Data and Marketing Association Limited, a company incorporated in the United Kingdom. Copies of the parent financial statements can be obtained from Companies House.


16.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 12 March 2024 by Simon Liggins (Senior statutory auditor) on behalf of Barnes Roffe LLP.

Page 10