Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activity2023-05-01false3536truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07274586 2023-05-01 2024-04-30 07274586 2022-05-01 2023-04-30 07274586 2024-04-30 07274586 2023-04-30 07274586 c:Director1 2023-05-01 2024-04-30 07274586 d:Buildings 2023-05-01 2024-04-30 07274586 d:Buildings 2024-04-30 07274586 d:Buildings 2023-04-30 07274586 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07274586 d:PlantMachinery 2023-05-01 2024-04-30 07274586 d:PlantMachinery 2024-04-30 07274586 d:PlantMachinery 2023-04-30 07274586 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07274586 d:MotorVehicles 2023-05-01 2024-04-30 07274586 d:MotorVehicles 2024-04-30 07274586 d:MotorVehicles 2023-04-30 07274586 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07274586 d:OfficeEquipment 2023-05-01 2024-04-30 07274586 d:OfficeEquipment 2024-04-30 07274586 d:OfficeEquipment 2023-04-30 07274586 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07274586 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07274586 d:Goodwill 2024-04-30 07274586 d:Goodwill 2023-04-30 07274586 d:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 07274586 d:CurrentFinancialInstruments 2024-04-30 07274586 d:CurrentFinancialInstruments 2023-04-30 07274586 d:Non-currentFinancialInstruments 2024-04-30 07274586 d:Non-currentFinancialInstruments 2023-04-30 07274586 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07274586 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07274586 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07274586 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07274586 d:ShareCapital 2024-04-30 07274586 d:ShareCapital 2023-04-30 07274586 d:RetainedEarningsAccumulatedLosses 2024-04-30 07274586 d:RetainedEarningsAccumulatedLosses 2023-04-30 07274586 c:OrdinaryShareClass1 2023-05-01 2024-04-30 07274586 c:OrdinaryShareClass1 2024-04-30 07274586 c:OrdinaryShareClass2 2023-05-01 2024-04-30 07274586 c:OrdinaryShareClass2 2024-04-30 07274586 c:FRS102 2023-05-01 2024-04-30 07274586 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07274586 c:FullAccounts 2023-05-01 2024-04-30 07274586 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07274586 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 07274586 2 2023-05-01 2024-04-30 07274586 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 07274586 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07274586
















INGENIA LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

































INGENIA LIMITED

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF INGENIA LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ingenia Limited for the year ended 30 April 2024 which comprise  the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Ingenia Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ingenia Limited and state those matters that we have agreed to state to the Board of Directors of Ingenia Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ingenia Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Ingenia Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ingenia Limited. You consider that Ingenia Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Ingenia Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  




Bishop Fleming LLP
Chartered Accountants
10 Temple Back
Bristol
BS1 6FL
28 November 2024
Page 1


INGENIA LIMITED
REGISTERED NUMBER:07274586

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
42,008
-

Tangible assets
 5 
880,107
965,913

  
922,115
965,913

Current assets
  

Stocks
  
1,712,737
1,476,846

Debtors: amounts falling due within one year
 6 
5,303,825
4,823,023

Cash at bank and in hand
  
990,498
674,294

  
8,007,060
6,974,163

Creditors: amounts falling due within one year
 7 
(2,630,872)
(1,725,150)

Net current assets
  
 
 
5,376,188
 
 
5,249,013

Creditors: amounts falling due after more than one year
 8 
(12,500)
(22,500)

Provisions for liabilities
  

Deferred tax
  
(157,187)
(109,712)

Net assets
  
6,128,616
6,082,714


Capital and reserves
  

Called up share capital 
 9 
2,000,100
2,000,100

Profit and loss account
  
4,128,516
4,082,614

  
6,128,616
6,082,714


Page 2


INGENIA LIMITED
REGISTERED NUMBER:07274586
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 year 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 by: 





Mr A R Baker
Director

Date: 28 November 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 3


INGENIA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

Ingenia Limited is an unlimited liability company, registered in England within the United Kingdom. The registered number is 07274586 and the registered office is Quercus Court, Armstrong Way Great Western Business Park, Bristol, United Kingdom, BS37 5NG.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

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.

 
2.3

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.

 
2.4

INTEREST INCOME

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

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4


INGENIA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (continued)

 
2.7

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.

 
2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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.


 
2.9

INTANGIBLE ASSETS

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life

 The estimated useful lives range as follows:

Other intangible fixed assets
-
2
years

 
2.10

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 5


INGENIA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (continued)


2.10
TANGIBLE FIXED ASSETS (CONTINUED)

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 and reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant and machinery
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance
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.

 
2.11

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

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.

 
2.13

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.

 
2.14

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.
 
2.15

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.

Page 6


INGENIA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 35 (2023: 36).


4.


INTANGIBLE ASSETS




Other intangibles

£



COST


Additions
59,305



At 30 April 2024

59,305



AMORTISATION


Charge for the year on owned assets
17,297



At 30 April 2024

17,297



NET BOOK VALUE



At 30 April 2024
42,008



At 30 April 2023
-



Page 7


INGENIA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


TANGIBLE FIXED ASSETS





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 May 2023
-
1,668,025
62,134
412,599
2,142,758


Additions
46,810
16,513
-
39,283
102,606


Transfers intra group
(44,318)
-
-
-
(44,318)


Disposals
-
-
(12,853)
-
(12,853)



At 30 April 2024

2,492
1,684,538
49,281
451,882
2,188,193



DEPRECIATION


At 1 May 2023
-
798,330
51,387
327,128
1,176,845


Charge for the year on owned assets
52
110,117
2,618
28,760
141,547


Disposals
-
-
(10,306)
-
(10,306)



At 30 April 2024

52
908,447
43,699
355,888
1,308,086



NET BOOK VALUE



At 30 April 2024
2,440
776,091
5,582
95,994
880,107



At 30 April 2023
-
869,695
10,747
85,471
965,913


6.


DEBTORS

2024
2023
£
£


Trade debtors
1,989,087
1,553,949

Amounts owed by group undertakings
3,283,244
3,238,926

Other debtors
18,482
21,998

Prepayments and accrued income
13,012
8,150

5,303,825
4,823,023


Page 8


INGENIA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
10,000
11,450

Trade creditors
1,405,389
965,976

Corporation tax
205,285
2,905

Other taxation and social security
208,901
136,415

Other creditors
669,377
601,454

Accruals and deferred income
131,920
6,950

2,630,872
1,725,150


Obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
12,500
22,500

12,500
22,500


Obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10,000 Ordinary shares of £0.01 each
100
100
2,000,000 Preference shares of £1.00 each
2,000,000
2,000,000

2,000,100

2,000,100



10.


PENSION COMMITMENTS

The company operates a defined contribution 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. Contributions totalling £5,179 (2023: £4,718) were payable to the fund at the year end.

Page 9


INGENIA LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


RELATED PARTY TRANSACTIONS

The Company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within the group.
The directors of the company were owed £490,512 at the year end (2023: £496,022). This is included in other creditors. This loan is interest free and has no fixed date for repayment.
The shareholders of the company were owed £12,957 at the year end (2023: £21,952).  This is included in other creditors.  The loan is interest free and has no fixed date for repayment.
The shareholders of the company owed £nil at the year end (2023: £10,620).  This is included in other debtors.  The loan is interest free and has no fixed date for repayment.
 
Page 10