Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302024-05-0132022-07-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13308420 2022-07-01 2023-06-30 13308420 2021-04-01 2022-06-30 13308420 2023-06-30 13308420 2022-06-30 13308420 c:Director1 2022-07-01 2023-06-30 13308420 d:ComputerEquipment 2022-07-01 2023-06-30 13308420 d:ComputerEquipment 2023-06-30 13308420 d:ComputerEquipment 2022-06-30 13308420 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13308420 d:CurrentFinancialInstruments 2023-06-30 13308420 d:CurrentFinancialInstruments 2022-06-30 13308420 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13308420 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13308420 d:ShareCapital 2023-06-30 13308420 d:ShareCapital 2022-06-30 13308420 d:RetainedEarningsAccumulatedLosses 2023-06-30 13308420 d:RetainedEarningsAccumulatedLosses 2022-06-30 13308420 c:OrdinaryShareClass1 2022-07-01 2023-06-30 13308420 c:OrdinaryShareClass1 2023-06-30 13308420 c:OrdinaryShareClass1 2022-06-30 13308420 c:FRS102 2022-07-01 2023-06-30 13308420 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13308420 c:FullAccounts 2022-07-01 2023-06-30 13308420 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13308420 2 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13308420









INTERNMATCH UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
INTERNMATCH UK LIMITED
REGISTERED NUMBER: 13308420

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,579
2,724

  
1,579
2,724

Current assets
  

Debtors: amounts falling due within one year
 5 
2,410
2,353

Cash at bank and in hand
 6 
151,820
238,703

  
154,230
241,056

Creditors: amounts falling due within one year
 7 
(291,777)
(273,930)

Net current liabilities
  
 
 
(137,547)
 
 
(32,874)

Total assets less current liabilities
  
(135,968)
(30,150)

  

Net liabilities
  
(135,968)
(30,150)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(135,969)
(30,151)

  
(135,968)
(30,150)


Page 1

 
INTERNMATCH UK LIMITED
REGISTERED NUMBER: 13308420
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




G Holland
Director

Date: 1 May 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
INTERNMATCH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

InternMatch UK Limited is a company limited by shares and incorporated in England and Wales (registered number: 13308420). The registered office address of the Company is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The principal activity of the company continued to be that of matching students and graduates with businesses. 
The 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 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 financial statements have been prepared on the going concern basis. The company is dependent on the directors and shareholders for financial support, which the directors are confident will continue for a period of at least another 12 months following the approval of these financial statements.
 
As at 30 June 2023, the company had net liabilities of £150,725. The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
 
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

Page 3

 
INTERNMATCH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
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.

 
2.5

Interest income

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

Page 4

 
INTERNMATCH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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

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.

 
2.8

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%

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.

 
2.9

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.

 
2.10

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.

Page 5

 
INTERNMATCH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


      Year ended
        30 June
     Period ended
         30 June
        2023
        2022
            No.
            No.







Employees
3
3


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2022
3,472



At 30 June 2023

3,472



Depreciation


At 1 July 2022
747


Charge for the year on owned assets
1,146



At 30 June 2023

1,893



Net book value



At 30 June 2023
1,579

Page 6

 
INTERNMATCH UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
2,352

Other debtors
2,090
1

Prepayments and accrued income
320
-

2,410
2,353



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
151,820
238,703

151,820
238,703



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
49,504
6,833

Amounts owed to group undertakings
-
19,426

Other taxation and social security
22,847
58,111

Other creditors
90,402
48,223

Accruals and deferred income
129,024
141,337

291,777
273,930



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 7