Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity1821falsetruefalse 03085655 2023-05-01 2024-04-30 03085655 2022-05-01 2023-04-30 03085655 2024-04-30 03085655 2023-04-30 03085655 2022-05-01 03085655 c:Director1 2023-05-01 2024-04-30 03085655 d:FurnitureFittings 2023-05-01 2024-04-30 03085655 d:FurnitureFittings 2024-04-30 03085655 d:FurnitureFittings 2023-04-30 03085655 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03085655 d:ComputerEquipment 2023-05-01 2024-04-30 03085655 d:ComputerEquipment 2024-04-30 03085655 d:ComputerEquipment 2023-04-30 03085655 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03085655 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03085655 d:CurrentFinancialInstruments 2024-04-30 03085655 d:CurrentFinancialInstruments 2023-04-30 03085655 d:Non-currentFinancialInstruments 2024-04-30 03085655 d:Non-currentFinancialInstruments 2023-04-30 03085655 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03085655 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03085655 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03085655 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03085655 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 03085655 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 03085655 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 03085655 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 03085655 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 03085655 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 03085655 d:ShareCapital 2024-04-30 03085655 d:ShareCapital 2023-04-30 03085655 d:SharePremium 2024-04-30 03085655 d:SharePremium 2023-04-30 03085655 d:RetainedEarningsAccumulatedLosses 2024-04-30 03085655 d:RetainedEarningsAccumulatedLosses 2023-04-30 03085655 c:FRS102 2023-05-01 2024-04-30 03085655 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03085655 c:FullAccounts 2023-05-01 2024-04-30 03085655 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03085655 d:WithinOneYear 2024-04-30 03085655 d:WithinOneYear 2023-04-30 03085655 d:BetweenOneFiveYears 2024-04-30 03085655 d:BetweenOneFiveYears 2023-04-30 03085655 2 2023-05-01 2024-04-30 03085655 6 2023-05-01 2024-04-30 03085655 7 2023-05-01 2024-04-30 03085655 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03085655 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03085655 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 03085655














INKERMAN (GROUP) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
INKERMAN (GROUP) LIMITED
REGISTERED NUMBER: 03085655

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
5,377
9,522

Investments
 5 
58,755
60,655

  
64,132
70,177

Current assets
  

Debtors: amounts falling due within one year
 6 
1,056,302
1,021,280

Cash at bank and in hand
 7 
2,244
1,910

  
1,058,546
1,023,190

Creditors: amounts falling due within one year
 8 
(383,764)
(425,006)

Net current assets
  
 
 
674,782
 
 
598,184

Total assets less current liabilities
  
738,914
668,361

Creditors: amounts falling due after more than one year
 9 
(467,123)
(402,119)

Provisions for liabilities
  

Deferred tax
 11 
(942)
(1,859)

Net assets
  
£270,849
£264,383


Capital and reserves
  

Called up share capital 
  
21,373
21,373

Share premium account
  
145,332
145,332

Profit and loss account
  
104,144
97,678

  
£270,849
£264,383


Page 1

 
INKERMAN (GROUP) LIMITED
REGISTERED NUMBER: 03085655

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 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 on 16 January 2025.




___________________________
G Moor
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
INKERMAN (GROUP) LIMITED
 

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

1.


General information

Inkerman (Group) Limited is a private company, limited by shares, incorporated in England and Wales. The registered number is 03085655. The registered office of the company is The Old Court, 8 Tufton Street, Ashford, Kent, TN23 1QN.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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 period 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 period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss 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 income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
INKERMAN (GROUP) LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

 
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 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.

Page 4

 
INKERMAN (GROUP) LIMITED
 

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

2.Accounting policies (continued)

 
2.10

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 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.

Page 5

 
INKERMAN (GROUP) LIMITED
 

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

2.Accounting policies (continued)

 
2.11

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.

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

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% reducing balance basis
Computer equipment
-
33% straight line basis

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.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

Page 6

 
INKERMAN (GROUP) LIMITED
 

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

2.Accounting policies (continued)

 
2.17

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 -21).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total



Cost or valuation


At 1 May 2023
8,931
36,499
45,430



At 30 April 2024

8,931
36,499
45,430



Depreciation


At 1 May 2023
6,260
29,648
35,908


Charge for the year on owned assets
401
3,744
4,145



At 30 April 2024

6,661
33,392
40,053



Net book value



At 30 April 2024
£2,270
£3,107
£5,377



At 30 April 2023
£2,671
£6,851
£9,522

Page 7

 
INKERMAN (GROUP) LIMITED
 

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

5.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total



Cost or valuation


At 1 May 2023
58,755
1,900
60,655


Disposals
-
(1,900)
(1,900)



At 30 April 2024
£58,755
£-
£58,755




Page 8

 
INKERMAN (GROUP) LIMITED
 

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

6.


Debtors

2024
2023


Trade debtors
88,923
146,066

Amounts owed by group undertakings
953,014
859,732

Other debtors
7,900
7,900

Prepayments and accrued income
6,465
7,582

£1,056,302
£1,021,280



7.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
2,244
1,910

Less: bank overdrafts
(20,092)
(24,953)

£(17,848)
£(23,043)



8.


Creditors: Amounts falling due within one year

2024
2023

Bank overdrafts
20,092
24,953

Bank loans
40,078
36,648

Other loans
70,583
112,174

Trade creditors
57,063
61,066

Other taxation and social security
94,592
101,224

Other creditors
29,027
13,800

Accruals and deferred income
72,329
75,141

£383,764
£425,006



9.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
50,554
90,632

Other loans
416,569
311,487

£467,123
£402,119


Page 9

 
INKERMAN (GROUP) LIMITED
 

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
40,078
36,648

Other loans
70,583
112,174


110,661
148,822

Amounts falling due 1-2 years

Bank loans
24,248
40,078


24,248
40,078

Amounts falling due 2-5 years

Bank loans
17,217
36,089

Other loans
416,569
311,487


433,786
347,576

Amounts falling due after more than 5 years

Bank loans
9,090
14,465


9,090
14,465

£577,785
£550,941


Page 10

 
INKERMAN (GROUP) LIMITED
 

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

11.


Deferred taxation




2024
2023





At beginning of year
(1,859)
(775)


Charged to profit or loss
917
(1,084)



At end of year
£(942)
£(1,859)

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
£942
£1,859


12.


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. Contributions totalling £4,622 (2023 - £1,985) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023


Not later than 1 year
25,000
25,632

Later than 1 year and not later than 5 years
41,667
41,667

£66,667
£67,299

Page 11