Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-01-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05182481 2023-01-01 2024-01-31 05182481 2022-02-01 2022-12-31 05182481 2024-01-31 05182481 2022-12-31 05182481 c:Director3 2023-01-01 2024-01-31 05182481 d:FurnitureFittings 2023-01-01 2024-01-31 05182481 d:FurnitureFittings 2024-01-31 05182481 d:FurnitureFittings 2022-12-31 05182481 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2024-01-31 05182481 d:OfficeEquipment 2023-01-01 2024-01-31 05182481 d:OfficeEquipment 2024-01-31 05182481 d:OfficeEquipment 2022-12-31 05182481 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2024-01-31 05182481 d:OwnedOrFreeholdAssets 2023-01-01 2024-01-31 05182481 d:CurrentFinancialInstruments 2024-01-31 05182481 d:CurrentFinancialInstruments 2022-12-31 05182481 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05182481 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05182481 d:ShareCapital 2024-01-31 05182481 d:ShareCapital 2022-12-31 05182481 d:RetainedEarningsAccumulatedLosses 2024-01-31 05182481 d:RetainedEarningsAccumulatedLosses 2022-12-31 05182481 c:FRS102 2023-01-01 2024-01-31 05182481 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-01-31 05182481 c:FullAccounts 2023-01-01 2024-01-31 05182481 c:PrivateLimitedCompanyLtd 2023-01-01 2024-01-31 05182481 e:PoundSterling 2023-01-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 05182481







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JANUARY 2024


COUNTERPOINT MARKET INTELLIGENCE LTD






































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COUNTERPOINT MARKET INTELLIGENCE LTD
REGISTERED NUMBER:05182481



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

31 January
31 December
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
5

  
-
5

Current assets
  

Debtors: amounts falling due within one year
 5 
358,195
125,423

Cash at bank and in hand
  
100,177
252,791

  
458,372
378,214

Creditors: amounts falling due within one year
 6 
(141,317)
(73,714)

Net current assets
  
 
 
317,055
 
 
304,500

Total assets less current liabilities
  
317,055
304,505

  

Net assets
  
317,055
304,505


Capital and reserves
  

Called up share capital 
  
190
190

Profit and loss account
  
316,865
304,315

  
317,055
304,505


Page 1

 


COUNTERPOINT MARKET INTELLIGENCE LTD
REGISTERED NUMBER:05182481


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 period 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 29 October 2024.




A G Williams
Director

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

Page 2

 


COUNTERPOINT MARKET INTELLIGENCE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Counterpoint Market Intelligence Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. 
The presentation currency of the financial statements is the Pound Sterling (£).
The period covered by the financial statements is the 13 month period from 1 January 2023 to 31 January 2024. The directors have chosen to extend the financial reporting date to 31 January of each year in line with fellow group undertakings. The extended period should be taken into account when reviewing the comparative information within the financial statements. 

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:

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.

Page 3

 


COUNTERPOINT MARKET INTELLIGENCE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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 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.

 
2.5

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

 


COUNTERPOINT MARKET INTELLIGENCE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
on cost
Office equipment
-
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.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees



The average monthly number of employees, including directors, during the period was 2 (2022 - 3).

Page 5

 


COUNTERPOINT MARKET INTELLIGENCE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
329
11,242
11,571



At 31 January 2024

329
11,242
11,571



Depreciation


At 1 January 2023
324
11,242
11,566


Charge for the period on owned assets
5
-
5



At 31 January 2024

329
11,242
11,571



Net book value



At 31 January 2024
-
-
-



At 31 December 2022
5
-
5


5.


Debtors

31 January
31 December
2024
2022
£
£


Trade debtors
71,597
71,037

Amounts owed by group undertakings
275,670
-

Other debtors
7,370
54,386

Prepayments and accrued income
3,558
-

358,195
125,423


Page 6

 


COUNTERPOINT MARKET INTELLIGENCE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

31 January
31 December
2024
2022
£
£

Trade creditors
12,375
15,551

Corporation tax
47,713
47,925

Other taxation and social security
-
75

Other creditors
58
7,757

Accruals and deferred income
81,171
2,406

141,317
73,714



7.


Controlling party

The parent company is Future Materials Group Limited. The registered office of the parent entity is the same as that
of the company and no group financial statements incorporating the results of the company have been prepared.

 
Page 7