Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalsetrue2023-04-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01026716 2023-04-01 2024-03-31 01026716 2022-04-01 2023-03-31 01026716 2024-03-31 01026716 2023-03-31 01026716 c:Director1 2023-04-01 2024-03-31 01026716 d:Buildings 2023-04-01 2024-03-31 01026716 d:Buildings 2024-03-31 01026716 d:Buildings 2023-03-31 01026716 d:CurrentFinancialInstruments 2024-03-31 01026716 d:CurrentFinancialInstruments 2023-03-31 01026716 d:Non-currentFinancialInstruments 2024-03-31 01026716 d:Non-currentFinancialInstruments 2023-03-31 01026716 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01026716 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01026716 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01026716 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01026716 d:ShareCapital 2024-03-31 01026716 d:ShareCapital 2023-03-31 01026716 d:RetainedEarningsAccumulatedLosses 2024-03-31 01026716 d:RetainedEarningsAccumulatedLosses 2023-03-31 01026716 c:FRS102 2023-04-01 2024-03-31 01026716 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01026716 c:FullAccounts 2023-04-01 2024-03-31 01026716 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01026716 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 01026716









KATON INGRAM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KATON INGRAM LIMITED
REGISTERED NUMBER:01026716

BALANCE SHEET
AS AT 31 MARCH 2024

2024
As restated 2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
235,000
235,000

  
235,000
235,000

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

Cash at bank and in hand
  
1,446
2,339

  
1,546
2,439

Creditors: amounts falling due within one year
 6 
(136,879)
(134,113)

Net current liabilities
  
 
 
(135,333)
 
 
(131,674)

Total assets less current liabilities
  
99,667
103,326

Creditors: amounts falling due after more than one year
 7 
(59,669)
(68,340)

  

Net assets
  
39,998
34,986


Capital and reserves
  

Called up share capital 
  
100
100

Retained earnings
  
39,898
34,886

Shareholders' funds
  
39,998
34,986


Page 1

 
KATON INGRAM LIMITED
REGISTERED NUMBER:01026716
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 and delivered 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 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 by: 






T G Ingram
Director

Date: 2 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KATON INGRAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Katon Ingram Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 01026716). The registered office address is Vittlefields Technology Centre, Forest Road, Newport, Isle of Wight, PO30 4LY.
The Company's functional and presentational currency is GBP.

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

Going concern

The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Turnover

Rental income
Rental income represents rent receivable and property expenses recharged during the year, exclusive of value added tax.

Page 3

 
KATON INGRAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.


Depreciation is provided on the following basis:

Land and buildings
-
not depreciated

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.

 
2.5

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.
Interest bearing bank loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are initially recorded at the present value of cash payable to the bank, which is ordinarily equal to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

Page 4

 
KATON INGRAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

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 year was 1 (2023 -1).


4.


Tangible fixed assets





Land and buildings

£



Valuation


At 1 April 2023
235,000



At 31 March 2024

235,000






Net book value



At 31 March 2024
235,000



At 31 March 2023
235,000



Page 5

 
KATON INGRAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
100
100



6.


Creditors: Amounts falling due within one year

2024
As restated 2023
£
£

Bank loans
9,528
9,943

Amounts owed to group undertakings
48,876
48,876

Corporation tax
2,963
-

Other taxation and social security
770
1,148

Other creditors
74,742
74,146

136,879
134,113



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
59,669
68,340


The loan from Lloyds Bank plc contains a fixed and floating charge over the Company assets of 4.38%.


8.


Prior year adjustment

During the period, we have adjusted the classification of the dividends to the holding company Katon Ingram Holdings IW Limited, to the capital and reserves section and out of creditors. This was in order to treat the dividends consistency alongside the other subsidiaries, and subsequently have corrected the dividends declared in each period.


9.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.

Page 6

 
KATON INGRAM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Controlling party

The immediate and ultimate parent undertaking is Katon Ingram Holdings IW Limited, a company registered in England and Wales.
The ultimate controlling party is T G Ingram, by virtue of his shareholding and directorship in the ultimate parent undertaking.

 
Page 7