Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-06-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13385997 2023-06-01 2024-02-29 13385997 2022-06-01 2023-05-31 13385997 2024-02-29 13385997 2023-05-31 13385997 c:Director1 2023-06-01 2024-02-29 13385997 d:FurnitureFittings 2023-06-01 2024-02-29 13385997 d:FurnitureFittings 2024-02-29 13385997 d:FurnitureFittings 2023-05-31 13385997 d:CurrentFinancialInstruments 2024-02-29 13385997 d:CurrentFinancialInstruments 2023-05-31 13385997 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13385997 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13385997 d:ShareCapital 2024-02-29 13385997 d:ShareCapital 2023-05-31 13385997 d:RetainedEarningsAccumulatedLosses 2024-02-29 13385997 d:RetainedEarningsAccumulatedLosses 2023-05-31 13385997 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-02-29 13385997 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 13385997 c:FRS102 2023-06-01 2024-02-29 13385997 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-02-29 13385997 c:FullAccounts 2023-06-01 2024-02-29 13385997 c:PrivateLimitedCompanyLtd 2023-06-01 2024-02-29 13385997 2 2023-06-01 2024-02-29 13385997 e:PoundSterling 2023-06-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13385997









INTEGRA SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 29 FEBRUARY 2024

 
INTEGRA SOLUTIONS LIMITED
REGISTERED NUMBER: 13385997

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
31 May
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
844

  
-
844

Current assets
  

Debtors: amounts falling due within one year
 5 
1,334
237

Cash at bank and in hand
 6 
2
14,008

  
1,336
14,245

Creditors: amounts falling due within one year
 7 
(6,340)
(14,989)

Net current liabilities
  
 
 
(5,004)
 
 
(744)

Total assets less current liabilities
  
(5,004)
100

  

Net (liabilities)/assets
  
(5,004)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(5,104)
-

  
(5,004)
100

Page 1

 
INTEGRA SOLUTIONS LIMITED
REGISTERED NUMBER: 13385997
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 period 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 on 20 September 2024.




................................................
William Chatto
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
INTEGRA SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

1.


General information

Integra Solutions Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of sale of tools and machinery. The Company's year end was shortened from 31 May 2024 to 29 February 2024. The Company ceased trading on 29 February 2024.

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

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

 
INTEGRA SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Interest income

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

 
2.5

Taxation

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.

 
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.

Page 4

 
INTEGRA SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

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.

 
2.7

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.

 
2.8

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. 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.

 
2.9

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.
Page 5

 
INTEGRA SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 6

 
INTEGRA SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Fixtures and fittings

£





At 1 June 2023
1,500


Disposals
(1,500)



At 29 February 2024

-





At 1 June 2023
656


Disposals
(656)



At 29 February 2024

-



Net book value



At 29 February 2024
-



At 31 May 2023
844

Page 7

 
INTEGRA SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
31 May
2024
2023
£
£


Other debtors
1,334
237

1,334
237



6.


Cash and cash equivalents

29 February
31 May
2024
2023
£
£

Cash at bank and in hand
2
14,008

2
14,008



7.


Creditors: Amounts falling due within one year

29 February
31 May
2024
2023
£
£

Trade creditors
716
-

Corporation tax
-
1,123

Other creditors
4,124
12,441

Accruals and deferred income
1,500
1,425

6,340
14,989



8.


Financial instruments

29 February
31 May
2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2
14,008




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
INTEGRA SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 FEBRUARY 2024

9.


Controlling party

The Company is controlled by the director, William Chatto, by virtue of his shareholding, as described in the director's report.
 
Page 9