Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03282632 2023-01-01 2023-12-31 03282632 2022-01-01 2022-12-31 03282632 2023-12-31 03282632 2022-12-31 03282632 c:Director1 2023-01-01 2023-12-31 03282632 d:ComputerEquipment 2023-01-01 2023-12-31 03282632 d:ComputerEquipment 2023-12-31 03282632 d:ComputerEquipment 2022-12-31 03282632 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03282632 d:CurrentFinancialInstruments 2023-12-31 03282632 d:CurrentFinancialInstruments 2022-12-31 03282632 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03282632 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03282632 d:ShareCapital 2023-12-31 03282632 d:ShareCapital 2022-12-31 03282632 d:RetainedEarningsAccumulatedLosses 2023-12-31 03282632 d:RetainedEarningsAccumulatedLosses 2022-12-31 03282632 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03282632 c:OrdinaryShareClass1 2023-12-31 03282632 c:OrdinaryShareClass1 2022-12-31 03282632 c:FRS102 2023-01-01 2023-12-31 03282632 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03282632 c:FullAccounts 2023-01-01 2023-12-31 03282632 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03282632 2 2023-01-01 2023-12-31 03282632 6 2023-01-01 2023-12-31 03282632 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03282632










INTERPULSE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
INTERPULSE LIMITED
REGISTERED NUMBER: 03282632

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,712
765

Investments
 5 
39
39

  
1,751
804

Current assets
  

Debtors: amounts falling due within one year
 6 
357
201

Cash at bank and in hand
 7 
187,800
154,192

  
188,157
154,393

Creditors: amounts falling due within one year
 8 
(29,301)
(20,730)

Net current assets
  
 
 
158,856
 
 
133,663

Total assets less current liabilities
  
160,607
134,467

Provisions for liabilities
  

Deferred tax
  
-
(191)

  
 
 
-
 
 
(191)

Net assets
  
160,607
134,276


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
160,605
134,274

  
160,607
134,276


img49de.png Page 1

 
INTERPULSE LIMITED
REGISTERED NUMBER: 03282632
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 profit and loss account 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: 




Edward Bedell
Director

Date: 17 September 2024

The notes on pages 3 to 8 form part of these financial statements.

img5e2a.png Page 2

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

1.


General information

Interpulse Limited, 03282632, is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Byngs Heath Farm, Bings Heath, Astley, Shrewsbury, Shropshire, SY4 4BZ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

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

 
2.4

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.

img75b1.png Page 3

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

2.Accounting policies (continued)

 
2.5

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 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.

 
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% 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.

img4a49.png Page 4

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

2.Accounting policies (continued)

 
2.7

Valuation of investments

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 Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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.

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

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

img71a7.png Page 5

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

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
1,707


Additions
1,791



At 31 December 2023

3,498



Depreciation


At 1 January 2023
942


Charge for the year on owned assets
844



At 31 December 2023

1,786



Net book value



At 31 December 2023
1,712



At 31 December 2022
765


5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 January 2023
39



At 31 December 2023
39




img680b.png Page 6

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

6.


Debtors

2023
2022
£
£


Other debtors
-
117

Prepayments and accrued income
357
84

357
201



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
187,800
154,192

187,800
154,192



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
759
824

Other creditors
27,229
18,636

Accruals and deferred income
1,313
1,270

29,301
20,730


img6b95.png Page 7

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

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
img683f.png Page 8