Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false22023-05-01No description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10614787 2023-05-01 2024-04-30 10614787 2022-04-01 2023-04-30 10614787 2024-04-30 10614787 2023-04-30 10614787 c:Director2 2023-05-01 2024-04-30 10614787 d:PlantMachinery 2023-05-01 2024-04-30 10614787 d:PlantMachinery 2024-04-30 10614787 d:PlantMachinery 2023-04-30 10614787 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10614787 d:OfficeEquipment 2023-05-01 2024-04-30 10614787 d:OfficeEquipment 2024-04-30 10614787 d:OfficeEquipment 2023-04-30 10614787 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10614787 d:ComputerEquipment 2023-05-01 2024-04-30 10614787 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 10614787 d:CurrentFinancialInstruments 2024-04-30 10614787 d:CurrentFinancialInstruments 2023-04-30 10614787 d:Non-currentFinancialInstruments 2024-04-30 10614787 d:Non-currentFinancialInstruments 2023-04-30 10614787 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10614787 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10614787 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 10614787 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10614787 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 10614787 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 10614787 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 10614787 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 10614787 d:ShareCapital 2024-04-30 10614787 d:ShareCapital 2023-04-30 10614787 d:CapitalRedemptionReserve 2024-04-30 10614787 d:CapitalRedemptionReserve 2023-04-30 10614787 d:RetainedEarningsAccumulatedLosses 2024-04-30 10614787 d:RetainedEarningsAccumulatedLosses 2023-04-30 10614787 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 10614787 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 10614787 c:OrdinaryShareClass1 2023-05-01 2024-04-30 10614787 c:OrdinaryShareClass1 2024-04-30 10614787 c:OrdinaryShareClass1 2023-04-30 10614787 c:OrdinaryShareClass2 2023-05-01 2024-04-30 10614787 c:OrdinaryShareClass2 2024-04-30 10614787 c:OrdinaryShareClass2 2023-04-30 10614787 c:OrdinaryShareClass4 2023-05-01 2024-04-30 10614787 c:OrdinaryShareClass4 2024-04-30 10614787 c:OrdinaryShareClass4 2023-04-30 10614787 c:OrdinaryShareClass5 2023-05-01 2024-04-30 10614787 c:OrdinaryShareClass5 2024-04-30 10614787 c:OrdinaryShareClass5 2023-04-30 10614787 c:FRS102 2023-05-01 2024-04-30 10614787 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10614787 c:FullAccounts 2023-05-01 2024-04-30 10614787 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10614787 2 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

r10614787









INRAIL SOLUTIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
INRAIL SOLUTIONS LTD
REGISTERED NUMBER: 10614787

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
80,854
105,953

  
80,854
105,953

Current assets
  

Debtors: amounts falling due within one year
 5 
473,158
183,187

Cash at bank and in hand
 6 
759,887
421,656

  
1,233,045
604,843

Creditors: amounts falling due within one year
 7 
(728,159)
(208,789)

Net current assets
  
 
 
504,886
 
 
396,054

Total assets less current liabilities
  
585,740
502,007

Creditors: amounts falling due after more than one year
 8 
(136,446)
(96,232)

Provisions for liabilities
  

Deferred tax
 10 
(20,214)
(18,825)

  
 
 
(20,214)
 
 
(18,825)

Net assets
  
429,080
386,950


Capital and reserves
  

Called up share capital 
 11 
80
80

Capital redemption reserve
  
20
20

Profit and loss account
  
428,980
386,850

  
429,080
386,950


Page 1

 
INRAIL SOLUTIONS LTD
REGISTERED NUMBER: 10614787
    
BALANCE SHEET (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 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 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 by: 




S Jackson
Director

Date: 3 January 2025

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

Page 2

 
INRAIL SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Inrail Solutions Limited is a private company, limited by shares and registered in England and Wales (registered number 10614787). The registered office is Unit 411 Centennial Avenue, Elstree, Borehamwood, England, WD6 3TN. The functional and presentational currency is pounds sterling.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
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:

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

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.

Page 3

 
INRAIL SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
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 Balance Sheet. 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 period 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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.9

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

 
INRAIL SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.9
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:

Plant and machinery
-
25%
on reducing balance
Office equipment
-
25%
on reducing balance
Computer equipment
-
25%
on 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Page 5

 
INRAIL SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 4).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
243,987
8,235
252,222


Additions
1,616
-
1,616



At 30 April 2024

245,603
8,235
253,838



Depreciation


At 1 May 2023
144,909
1,360
146,269


Charge for the period on owned assets
24,996
1,719
26,715



At 30 April 2024

169,905
3,079
172,984



Net book value



At 30 April 2024
75,698
5,156
80,854

Page 6

 
INRAIL SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
14,482

Other debtors
128,751
144,872

Prepayments and accrued income
344,407
23,833

473,158
183,187



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
759,884
421,658

759,884
421,658



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other loans
91,875
-

Trade creditors
388,864
29,847

Corporation tax
119,463
94,194

Obligations under finance lease and hire purchase contracts
20,244
31,982

Other creditors
27,407
35,172

Accruals and deferred income
70,306
7,594

728,159
208,789


Page 7

 
INRAIL SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,667
21,389

Other loans
76,563
-

Net obligations under finance leases and hire purchase contracts
48,216
74,843

136,446
96,232



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Other loans
91,875
-


101,875
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Other loans
76,563
-


86,563
10,000

Amounts falling due 2-5 years

Bank loans
1,667
11,389


1,667
11,389


190,105
31,389


Page 8

 
INRAIL SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

10.


Deferred taxation




2024


£






At beginning of year
(18,825)


Charged to profit or loss
(1,389)



At end of year
(20,214)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(20,214)
(18,825)

(20,214)
(18,825)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3,999 (2023 - 3,999) A Ordinary shares of £0.01 each
39.99
39.99
3,999 (2023 - 3,999) B Ordinary shares of £0.01 each
39.99
39.99
1 (2023 - 1) D Ordinary share of £0.01
0.01
0.01
1 (2023 - 1) E Ordinary share of £0.01
0.01
0.01

80.00

80.00


 
Page 9