2022-11-012023-10-312023-10-31falseSC154345INFOPLEX LTD.2024-07-24iso4217:GBPxbrli:pureSC1543452022-11-01SC1543452023-10-31SC1543452022-11-012023-10-31SC1543452021-11-01SC1543452022-10-31SC1543452021-11-012022-10-31SC154345bus:SmallEntities2022-11-012023-10-31SC154345bus:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC154345bus:FullAccounts2022-11-012023-10-31SC154345bus:PrivateLimitedCompanyLtd2022-11-012023-10-31SC154345core:WithinOneYear2023-10-31SC154345core:AfterOneYear2023-10-31SC154345core:WithinOneYear2022-10-31SC154345core:AfterOneYear2022-10-31SC154345core:ShareCapital2023-10-31SC154345core:SharePremium2023-10-31SC154345core:RevaluationReserve2023-10-31SC154345core:OtherReservesSubtotal2023-10-31SC154345core:RetainedEarningsAccumulatedLosses2023-10-31SC154345core:ShareCapital2022-10-31SC154345core:SharePremium2022-10-31SC154345core:RevaluationReserve2022-10-31SC154345core:OtherReservesSubtotal2022-10-31SC154345core:RetainedEarningsAccumulatedLosses2022-10-31SC154345core:LandBuildings2023-10-31SC154345core:PlantMachinery2023-10-31SC154345core:Vehicles2023-10-31SC154345core:FurnitureFittings2023-10-31SC154345core:OfficeEquipment2023-10-31SC154345core:NetGoodwill2023-10-31SC154345core:IntangibleAssetsOtherThanGoodwill2023-10-31SC154345core:ListedExchangeTraded2023-10-31SC154345core:UnlistedNon-exchangeTraded2023-10-31SC154345core:LandBuildings2022-10-31SC154345core:PlantMachinery2022-10-31SC154345core:Vehicles2022-10-31SC154345core:FurnitureFittings2022-10-31SC154345core:OfficeEquipment2022-10-31SC154345core:NetGoodwill2022-10-31SC154345core:IntangibleAssetsOtherThanGoodwill2022-10-31SC154345core:ListedExchangeTraded2022-10-31SC154345core:UnlistedNon-exchangeTraded2022-10-31SC154345core:LandBuildings2022-11-012023-10-31SC154345core:PlantMachinery2022-11-012023-10-31SC154345core:Vehicles2022-11-012023-10-31SC154345core:FurnitureFittings2022-11-012023-10-31SC154345core:OfficeEquipment2022-11-012023-10-31SC154345core:NetGoodwill2022-11-012023-10-31SC154345core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-31SC154345core:ListedExchangeTraded2022-11-012023-10-31SC154345core:UnlistedNon-exchangeTraded2022-11-012023-10-31SC154345core:MoreThanFiveYears2022-11-012023-10-31SC154345core:Non-currentFinancialInstruments2023-10-31SC154345core:Non-currentFinancialInstruments2022-10-31SC154345dpl:CostSales2022-11-012023-10-31SC154345dpl:DistributionCosts2022-11-012023-10-31SC154345core:LandBuildings2022-11-012023-10-31SC154345core:PlantMachinery2022-11-012023-10-31SC154345core:Vehicles2022-11-012023-10-31SC154345core:FurnitureFittings2022-11-012023-10-31SC154345core:OfficeEquipment2022-11-012023-10-31SC154345dpl:AdministrativeExpenses2022-11-012023-10-31SC154345core:NetGoodwill2022-11-012023-10-31SC154345core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-31SC154345dpl:GroupUndertakings2022-11-012023-10-31SC154345dpl:ParticipatingInterests2022-11-012023-10-31SC154345dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-31SC154345core:ListedExchangeTraded2022-11-012023-10-31SC154345dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-31SC154345core:UnlistedNon-exchangeTraded2022-11-012023-10-31SC154345dpl:CostSales2021-11-012022-10-31SC154345dpl:DistributionCosts2021-11-012022-10-31SC154345core:LandBuildings2021-11-012022-10-31SC154345core:PlantMachinery2021-11-012022-10-31SC154345core:Vehicles2021-11-012022-10-31SC154345core:FurnitureFittings2021-11-012022-10-31SC154345core:OfficeEquipment2021-11-012022-10-31SC154345dpl:AdministrativeExpenses2021-11-012022-10-31SC154345core:NetGoodwill2021-11-012022-10-31SC154345core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-31SC154345dpl:GroupUndertakings2021-11-012022-10-31SC154345dpl:ParticipatingInterests2021-11-012022-10-31SC154345dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-31SC154345core:ListedExchangeTraded2021-11-012022-10-31SC154345dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-31SC154345core:UnlistedNon-exchangeTraded2021-11-012022-10-31SC154345core:NetGoodwill2023-10-31SC154345core:IntangibleAssetsOtherThanGoodwill2023-10-31SC154345core:LandBuildings2023-10-31SC154345core:PlantMachinery2023-10-31SC154345core:Vehicles2023-10-31SC154345core:FurnitureFittings2023-10-31SC154345core:OfficeEquipment2023-10-31SC154345core:AfterOneYear2023-10-31SC154345core:WithinOneYear2023-10-31SC154345core:ListedExchangeTraded2023-10-31SC154345core:UnlistedNon-exchangeTraded2023-10-31SC154345core:ShareCapital2023-10-31SC154345core:SharePremium2023-10-31SC154345core:RevaluationReserve2023-10-31SC154345core:OtherReservesSubtotal2023-10-31SC154345core:RetainedEarningsAccumulatedLosses2023-10-31SC154345core:NetGoodwill2022-10-31SC154345core:IntangibleAssetsOtherThanGoodwill2022-10-31SC154345core:LandBuildings2022-10-31SC154345core:PlantMachinery2022-10-31SC154345core:Vehicles2022-10-31SC154345core:FurnitureFittings2022-10-31SC154345core:OfficeEquipment2022-10-31SC154345core:AfterOneYear2022-10-31SC154345core:WithinOneYear2022-10-31SC154345core:ListedExchang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INFOPLEX LTD.

Registered Number
SC154345
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2023

INFOPLEX LTD.
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

BELL, Douglas Norman
ROBERTSON, Mark Wilson

Registered Address

William Duncan & Co 4d Auchingramont Rd Hamilton
Auchingramont Road
Hamilton
ML3 6JT

Place of Business

Alloa Business Centre

The Whins

Alloa

FK10 3SA


Registered Number

SC154345 (Scotland)
INFOPLEX LTD.
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets353,57080,356
Tangible assets44,3755,164
Investments599,61787,225
157,562172,745
Current assets
Stocks4040
Debtors619,80415,593
Cash at bank and on hand46,33913,923
66,18329,556
Creditors amounts falling due within one year7(17,151)(6,871)
Net current assets (liabilities)49,03222,685
Total assets less current liabilities206,594195,430
Provisions for liabilities(831)(959)
Net assets205,763194,471
Capital and reserves
Called up share capital215,922215,922
Revaluation reserve38,57357,859
Other reserves43,57811,095
Profit and loss account(92,310)(90,405)
Shareholders' funds205,763194,471
The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2024, and are signed on its behalf by:
ROBERTSON, Mark Wilson
Director
Registered Company No. SC154345
INFOPLEX LTD.
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the service at the balance sheet date.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Fixtures and fittings25-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 November 22750,446750,446
At 31 October 23750,446750,446
Amortisation and impairment
At 01 November 22670,090670,090
Charge for year26,78626,786
At 31 October 23696,876696,876
Net book value
At 31 October 2353,57053,570
At 31 October 2280,35680,356
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 November 2270,26570,265
Additions1,3081,308
At 31 October 2371,57371,573
Depreciation and impairment
At 01 November 2265,10165,101
Charge for year2,0972,097
At 31 October 2367,19867,198
Net book value
At 31 October 234,3754,375
At 31 October 225,1645,164
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 November 2287,22587,225
Revaluations32,48332,483
Disposals(20,091)(20,091)
At 31 October 2399,61799,617
Net book value
At 31 October 2399,61799,617
At 31 October 2287,22587,225

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables17,80412,935
Amounts owed by associates and joint ventures / participating interests2,0002,000
Other debtors-658
Total19,80415,593
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables2,668976
Taxation and social security13,7625,195
Accrued liabilities and deferred income721700
Total17,1516,871
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
ROBERTSON, Mark Wilson1,000001,000
BELL, Douglas Norman1,000001,000
2,000002,000
The above balances are due from the directors and are interest-free, unsecured and have no fixed repayment terms.