Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01200465 2023-04-01 2024-03-31 01200465 2022-04-01 2023-03-31 01200465 2024-03-31 01200465 2023-03-31 01200465 c:Director4 2023-04-01 2024-03-31 01200465 d:Buildings 2024-03-31 01200465 d:Buildings 2023-03-31 01200465 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01200465 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 01200465 d:PlantMachinery 2023-04-01 2024-03-31 01200465 d:OtherPropertyPlantEquipment 2024-03-31 01200465 d:OtherPropertyPlantEquipment 2023-03-31 01200465 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01200465 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01200465 d:CurrentFinancialInstruments 2024-03-31 01200465 d:CurrentFinancialInstruments 2023-03-31 01200465 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01200465 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01200465 d:ShareCapital 2024-03-31 01200465 d:ShareCapital 2023-03-31 01200465 d:RetainedEarningsAccumulatedLosses 2024-03-31 01200465 d:RetainedEarningsAccumulatedLosses 2023-03-31 01200465 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01200465 c:OrdinaryShareClass1 2024-03-31 01200465 c:FRS102 2023-04-01 2024-03-31 01200465 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01200465 c:FullAccounts 2023-04-01 2024-03-31 01200465 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01200465 2 2023-04-01 2024-03-31 01200465 e:PoundSterling 2023-04-01 2024-03-31 01200465 d:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 01200465 d:EntityControlledByKeyManagementPersonnel1 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01200465









INPROJEX INTERNATIONAL (U.K.) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
INPROJEX INTERNATIONAL (U.K.) LIMITED
REGISTERED NUMBER: 01200465

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
184
294

  
184
294

Current assets
  

Debtors: amounts falling due within one year
 5 
789
1,482

Cash at bank and in hand
 6 
131,564
164,031

  
132,353
165,513

Creditors: amounts falling due within one year
 7 
(49,132)
(91,700)

Net current assets
  
 
 
83,221
 
 
73,813

Total assets less current liabilities
  
83,405
74,107

  

Net assets
  
83,405
74,107


Capital and reserves
  

Called up share capital 
 8 
50,000
50,000

Profit and loss account
  
33,405
24,107

  
83,405
74,107

Page 1

 
INPROJEX INTERNATIONAL (U.K.) LIMITED
REGISTERED NUMBER: 01200465
    
STATEMENT OF FINANCIAL POSITION (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 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 comprehensive income 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 28 October 2024.




N Abbou
Director


The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
INPROJEX INTERNATIONAL (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Inprojex International (U.K.) Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is The Scalpel, 18th Floor, 52 Lime Street, London, United Kingdom, EC3M 7AF.
The company specialises in exporting and importing equipment and parts related to the oil and gas, water and power industries.

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.

 
2.3

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 3

 
INPROJEX INTERNATIONAL (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

Land and buildings
-
over the length of the lease
Other fixed assets
-
10% - 25% 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 the Statement of comprehensive income.

 
2.4

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.

 
2.5

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.

 
2.6

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 4

 
INPROJEX INTERNATIONAL (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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 year 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 year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income 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.

 
2.9

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 the Statement of comprehensive income 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.

 
2.10

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 5

 
INPROJEX INTERNATIONAL (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost


At 1 April 2023
5,999
68,614
74,613



At 31 March 2024

5,999
68,614
74,613



Depreciation


At 1 April 2023
5,999
68,320
74,319


Charge for the year
-
110
110



At 31 March 2024

5,999
68,430
74,429



Net book value



At 31 March 2024
-
184
184



At 31 March 2023
-
294
294

Page 6

 
INPROJEX INTERNATIONAL (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
159
204

Prepayments and accrued income
630
1,278

789
1,482



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
131,564
164,031

131,564
164,031



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
36,978
81,726

Other taxation and social security
2,202
2,292

Other creditors
6,752
2,182

Accruals and deferred income
3,200
5,500

49,132
91,700



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50,000 Ordinary shares of £1 each
50,000
50,000


Page 7

 
INPROJEX INTERNATIONAL (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,101 (2023 - £2,101). Contributions totalling £Nil (2023 - £408) were payable to the fund at the Statement of financial position date.


10.


Related party transactions

The company is exempt from disclosing transactions with its parent company, under FRS 102, as it is a wholly owned subsidiary. 
 
Included within other creditors is an amount of £4,978 (2023 - £Nil) due to a close family member of a director.


11.


Ultimate parent undertaking and controlling party

The controlling party is Mr D Alkhawri by virtue of his majority shareholding in Inprojex Holdings Limited, which owns 100% of the share capital of Inprojex International (U.K.) Limited.

 
Page 8