Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse2023-01-01false169trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08181193 2023-01-01 2023-12-31 08181193 2022-01-01 2022-12-31 08181193 2023-12-31 08181193 2022-12-31 08181193 c:Director1 2023-01-01 2023-12-31 08181193 c:RegisteredOffice 2023-01-01 2023-12-31 08181193 d:FurnitureFittings 2023-01-01 2023-12-31 08181193 d:FurnitureFittings 2023-12-31 08181193 d:FurnitureFittings 2022-12-31 08181193 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08181193 d:OfficeEquipment 2023-01-01 2023-12-31 08181193 d:OfficeEquipment 2023-12-31 08181193 d:OfficeEquipment 2022-12-31 08181193 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08181193 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08181193 d:CurrentFinancialInstruments 2023-12-31 08181193 d:CurrentFinancialInstruments 2022-12-31 08181193 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08181193 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08181193 d:ShareCapital 2023-12-31 08181193 d:ShareCapital 2022-12-31 08181193 d:RetainedEarningsAccumulatedLosses 2023-12-31 08181193 d:RetainedEarningsAccumulatedLosses 2022-12-31 08181193 c:FRS102 2023-01-01 2023-12-31 08181193 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08181193 c:FullAccounts 2023-01-01 2023-12-31 08181193 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08181193 2 2023-01-01 2023-12-31 08181193 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 08181193













IMPERIUM NETWORK SOLUTIONS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
IMPERIUM NETWORK SOLUTIONS LIMITED
 

COMPANY INFORMATION


Director
M G Wright 




Registered number
08181193



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
IMPERIUM NETWORK SOLUTIONS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 6

 
IMPERIUM NETWORK SOLUTIONS LIMITED
REGISTERED NUMBER: 08181193

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,227
5,874

Current assets
  

Debtors
 5 
281,210
164,843

Cash at bank and in hand
  
22,867
98,476

  
304,077
263,319

Creditors: amounts falling due within one year
 6 
(30,608)
(35,128)

Net current assets
  
 
 
273,469
 
 
228,191

Net assets
  
276,696
234,065


Capital and reserves
  

Called up, allotted and fully paid share capital
  
100
100

Profit and loss account
  
276,596
233,965

Equity shareholders' funds
  
276,696
234,065


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 Director's Report and Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
13 September 2024.




M G Wright
Director

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
IMPERIUM NETWORK SOLUTIONS LIMITED
 

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

1.


General information

Imperium Network Solutions Limited (company number: 08181193), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN and trading address at 233-237 Old Marylebone Road, London, NW1 5QT, is a private limited company incorporated in England and Wales.

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

Statement of Cash Flow

The company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is small company.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged 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 lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 2

 
IMPERIUM NETWORK SOLUTIONS LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Fixtures and fittings
-
25% straight line
Office 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 Statement of Income and Retained Earnings.

 
2.7

Debtors

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

 
2.8

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. 

 
2.9

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 and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

Page 3

 
IMPERIUM NETWORK SOLUTIONS LIMITED
 

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

2.Accounting policies (continued)

 
2.11

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 the Statement of Income and Retained Earning.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. 

 
2.12

Interest income

Interest income is recognised in Statement of Income and Retained Earnings using the effective interest method.

 
2.13

Taxation

Tax is recognised in Statement of Income and Retained Earnings.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet 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 is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.


3.


Employees

The average monthly number of employees, including the director, during the year was 16 (2022 - 9) 

Page 4

 
IMPERIUM NETWORK SOLUTIONS LIMITED
 

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

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 January 2023 and 31 December 2023
1,122
7,940
9,062



Depreciation


At 1 January 2023
1,122
2,066
3,188


Charge for the year
-
2,647
2,647



At 31 December 2023

1,122
4,713
5,835



Net book value



At 31 December 2023
-
3,227
3,227



At 31 December 2022
-
5,874
5,874


5.


Debtors

2023
2022
£
£

Amounts due within one year

Amounts owed by group undertakings
242,996
59,619

Other debtors
32,214
85,885

Prepayments and accrued income
6,000
19,339

281,210
164,843

Page 5

 
IMPERIUM NETWORK SOLUTIONS LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,357
7,437

Corporation tax
16,151
12,040

Accruals and deferred income
5,100
15,651

30,608
35,128



7.


Related party transactions

Included within other debtors is an amount due from the director of the Company of £201 (2022: £60,354), which has been repaid within 9 months of the year end.


Page 6