Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity2524trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04487377 2023-01-01 2023-12-31 04487377 2023-12-31 04487377 2022-01-01 2022-12-31 04487377 2022-12-31 04487377 c:Director1 2023-01-01 2023-12-31 04487377 c:Director2 2023-01-01 2023-12-31 04487377 c:RegisteredOffice 2023-01-01 2023-12-31 04487377 d:FurnitureFittings 2023-01-01 2023-12-31 04487377 d:FurnitureFittings 2023-12-31 04487377 d:FurnitureFittings 2022-12-31 04487377 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04487377 d:ComputerEquipment 2023-01-01 2023-12-31 04487377 d:ComputerEquipment 2023-12-31 04487377 d:ComputerEquipment 2022-12-31 04487377 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04487377 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04487377 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04487377 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 04487377 d:CurrentFinancialInstruments 2023-12-31 04487377 d:CurrentFinancialInstruments 2022-12-31 04487377 d:Non-currentFinancialInstruments 2023-12-31 04487377 d:Non-currentFinancialInstruments 2022-12-31 04487377 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04487377 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04487377 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04487377 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04487377 d:ShareCapital 2023-12-31 04487377 d:ShareCapital 2022-12-31 04487377 d:RevaluationReserve 2023-12-31 04487377 d:RevaluationReserve 2022-12-31 04487377 d:RetainedEarningsAccumulatedLosses 2023-12-31 04487377 d:RetainedEarningsAccumulatedLosses 2022-12-31 04487377 c:FRS102 2023-01-01 2023-12-31 04487377 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04487377 c:FullAccounts 2023-01-01 2023-12-31 04487377 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04487377 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2023-01-01 2023-12-31 04487377 5 2023-01-01 2023-12-31 04487377 6 2023-01-01 2023-12-31 04487377 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 04487377







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


3DI INFORMATION SOLUTIONS LIMITED






































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3DI INFORMATION SOLUTIONS LIMITED
 


 
COMPANY INFORMATION


Directors
P S Ballard 
W B G Lewis 




Registered number
04487377



Registered office
Unit 6, Albion House
High Street

Woking

Surrey

GU21 6BG




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


3DI INFORMATION SOLUTIONS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 10


 


3DI INFORMATION SOLUTIONS LIMITED
REGISTERED NUMBER:04487377



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
43,627
20,664

Tangible assets
 5 
13,979
15,463

Investments
 6 
270,000
270,000

  
327,606
306,127

Current assets
  

Debtors: amounts falling due within one year
 7 
633,867
667,730

Cash at bank and in hand
  
5,985
11,764

  
639,852
679,494

Creditors: amounts falling due within one year
 8 
(735,065)
(841,383)

Net current liabilities
  
 
 
(95,213)
 
 
(161,889)

Total assets less current liabilities
  
232,393
144,238

Creditors: amounts falling due after more than one year
 9 
(104,536)
(25,650)

  

Net assets
  
127,857
118,588


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Revaluation reserve
  
101,250
101,250

Profit and loss account
  
21,607
12,338

  
127,857
118,588


Page 1

 


3DI INFORMATION SOLUTIONS LIMITED
REGISTERED NUMBER:04487377


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 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 17 July 2024.




................................................
P S Ballard
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 


3DI INFORMATION SOLUTIONS LIMITED
 


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

1.


General information

3DI Information Solutions Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page. 

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

Going concern

The financial statements have been prepared on a going concern basis. At the balance sheet date the
company has net assets of £127,857 and net current liabilities of £95,213. The directors have assessed the
future cashflow and activity of the company and are of the opinion that the going concern basis of accounting
continues to remain appropriate.

 
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.

Page 3

 


3DI INFORMATION SOLUTIONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

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.

Page 4

 


3DI INFORMATION SOLUTIONS LIMITED
 


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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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, .

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% Reducing Balance
Computer equipment
-
25% 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.

Page 5

 


3DI INFORMATION SOLUTIONS LIMITED
 


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

2.Accounting policies (continued)

 
2.10

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are carried at fair value based on directors valuations at each balance sheet date. The valuation method applied is based on a multiple of the maintainable earnings of the subsidiary company at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2022 - 24).

Page 6

 


3DI INFORMATION SOLUTIONS LIMITED
 


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

4.


Intangible assets




Development expenditure

£



Cost


At 1 January 2023
25,588


Additions - internal
33,888



At 31 December 2023

59,476



Amortisation


At 1 January 2023
4,924


Charge for the year on owned assets
10,925



At 31 December 2023

15,849



Net book value



At 31 December 2023
43,627



At 31 December 2022
20,664



Page 7

 


3DI INFORMATION SOLUTIONS LIMITED
 


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

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
6,328
95,435
101,763


Additions
-
4,326
4,326


Disposals
-
(23,100)
(23,100)



At 31 December 2023

6,328
76,661
82,989



Depreciation


At 1 January 2023
6,328
79,972
86,300


Charge for the year on owned assets
-
5,810
5,810


Disposals
-
(23,100)
(23,100)



At 31 December 2023

6,328
62,682
69,010



Net book value



At 31 December 2023
-
13,979
13,979



At 31 December 2022
-
15,463
15,463




6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
270,000



At 31 December 2023
270,000




The directors have reviewed the valuation of investments in subsidiary companies as at 31 December 2023 and confirm the valuation of £270,000 continues to be appropriate.

Page 8

 


3DI INFORMATION SOLUTIONS LIMITED
 


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

7.


Debtors

As restated
2023
2022
£
£


Trade debtors
455,329
550,250

Other debtors
105,723
60,683

Prepayments and accrued income
50,169
41,006

Deferred taxation
22,646
15,791

633,867
667,730



8.


Creditors: Amounts falling due within one year

As restated
2023
2022
£
£

Bank overdrafts
33,449
53,671

Bank loans
49,619
10,000

Trade creditors
188,511
200,185

Corporation tax
4,523
216

Other taxation and social security
96,029
135,657

Other creditors
344,805
422,534

Accruals and deferred income
18,129
19,120

735,065
841,383


The bank overdrafts and loans are secured by a fixed and floating charge over the company's assets.
Included in other creditors is an amount of £329,336 (2022: £414,899) secured by a fixed and floating charge over the company's assets.


9.


Creditors: Amounts falling due after more than one year

As restated
2023
2022
£
£

Bank loans
104,536
25,650

104,536
25,650


The bank loans are secured by a fixed and floating charge over the company's assets.

Page 9

 


3DI INFORMATION SOLUTIONS LIMITED
 


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

10.


Prior year adjustment

The company changed its accounting policy with respect to product development costs incurred. Previously, product development costs were expensed as incurred. Under the new policy, product development costs that meet the recognition criteria under FRS 102 are capitalised as intangible assets. The change in accounting policy has been applied retrospectively. The comparative figures for the previous year have been restated to reflect the new policy. The impact on the company's retained earnings brought forward is £20,664.


11.


Transactions with directors


Brought Forward
Advance/ Credit
Repaid
Carried Forward
£
£
£
£

Director loan
51,900
40,692
(6,100)
86,492
51,900
40,692
(6,100)
86,492

Interest of £1,377 (2022: £698) was charged on the director's loan during the year, which is at a market rate of 2.25%.

 
Page 10