Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-011714truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03977080 2023-05-01 2024-04-30 03977080 2022-05-01 2023-04-30 03977080 2024-04-30 03977080 2023-04-30 03977080 c:Director1 2023-05-01 2024-04-30 03977080 d:PlantMachinery 2023-05-01 2024-04-30 03977080 d:PlantMachinery 2024-04-30 03977080 d:PlantMachinery 2023-04-30 03977080 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03977080 d:FurnitureFittings 2023-05-01 2024-04-30 03977080 d:FurnitureFittings 2024-04-30 03977080 d:FurnitureFittings 2023-04-30 03977080 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03977080 d:OfficeEquipment 2023-05-01 2024-04-30 03977080 d:OfficeEquipment 2024-04-30 03977080 d:OfficeEquipment 2023-04-30 03977080 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03977080 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03977080 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-05-01 2024-04-30 03977080 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-30 03977080 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-04-30 03977080 d:CurrentFinancialInstruments 2024-04-30 03977080 d:CurrentFinancialInstruments 2023-04-30 03977080 d:Non-currentFinancialInstruments 2024-04-30 03977080 d:Non-currentFinancialInstruments 2023-04-30 03977080 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03977080 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03977080 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 03977080 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 03977080 d:ShareCapital 2024-04-30 03977080 d:ShareCapital 2023-04-30 03977080 d:CapitalRedemptionReserve 2024-04-30 03977080 d:CapitalRedemptionReserve 2023-04-30 03977080 d:RetainedEarningsAccumulatedLosses 2024-04-30 03977080 d:RetainedEarningsAccumulatedLosses 2023-04-30 03977080 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03977080 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03977080 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 03977080 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 03977080 c:OrdinaryShareClass1 2023-05-01 2024-04-30 03977080 c:OrdinaryShareClass1 2024-04-30 03977080 c:OrdinaryShareClass1 2023-04-30 03977080 c:OrdinaryShareClass2 2023-05-01 2024-04-30 03977080 c:OrdinaryShareClass2 2024-04-30 03977080 c:OrdinaryShareClass2 2023-04-30 03977080 c:OrdinaryShareClass3 2023-05-01 2024-04-30 03977080 c:OrdinaryShareClass3 2024-04-30 03977080 c:OrdinaryShareClass3 2023-04-30 03977080 c:OrdinaryShareClass4 2023-05-01 2024-04-30 03977080 c:OrdinaryShareClass4 2024-04-30 03977080 c:FRS102 2023-05-01 2024-04-30 03977080 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03977080 c:FullAccounts 2023-05-01 2024-04-30 03977080 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03977080 4 2023-05-01 2024-04-30 03977080 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03977080









INFOPOINT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
INFOPOINT LTD
REGISTERED NUMBER: 03977080

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 5 
52,896
78,550

CURRENT ASSETS
  

Stocks
  
17,205
18,515

Debtors: amounts falling due after more than one year
 6 
214,740
201,851

Debtors: amounts falling due within one year
 6 
2,097,563
2,206,792

Cash at bank and in hand
  
438,109
874,480

  
2,767,617
3,301,638

Creditors: amounts falling due within one year
 7 
(2,570,748)
(2,468,066)

NET CURRENT ASSETS
  
 
 
196,869
 
 
833,572

TOTAL ASSETS LESS CURRENT LIABILITIES
  
249,765
912,122

Creditors: amounts falling due after more than one year
 8 
(166,667)
(216,667)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
-
(14,468)

NET ASSETS
  
83,098
680,987


CAPITAL AND RESERVES
  

Called up share capital 
 10 
91
101

Capital redemption reserve
  
10
-

Profit and loss account
  
82,997
680,886

  
83,098
680,987


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.

Page 1

 
INFOPOINT LTD
REGISTERED NUMBER: 03977080
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 profit and loss account 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 B Clarke
Director

Date: 17 December 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

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

1.


GENERAL INFORMATION

The Company is a private company limited by shares and incorporated in England and Wales. The registered office address is No. 9 Journey Campus, Castle Park, Cambridge, CB3 0AX. 
The Company's functional and presentational currency is GBP and the figures are rounded to the nearest pound.

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

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Income received in advance is deferred until the period in which the service is contractually provided.

 
2.3

INTANGIBLE ASSETS

Intangible assets are amortised over their useful economic life.

 Amortisation is provided on the following bases:

Trademarks
-
10%
straight line

Page 3

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
1 year or 5 years straight-line
Fixtures and fittings
-
25% straight-line
Office equipment
-
20% or 33.3% 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 profit or loss.

 
2.5

STOCKS

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.6

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.

 
2.7

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.

 
2.8

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

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

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.

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

 
2.10

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.11

EXCEPTIONAL ITEMS

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 17 (2023 - 14).

Page 5

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

4.


INTANGIBLE ASSETS




Trademarks

£



COST


At 1 May 2023
12,700



At 30 April 2024

12,700



AMORTISATION


At 1 May 2023
12,700



At 30 April 2024

12,700



NET BOOK VALUE



At 30 April 2024
-



At 30 April 2023
-



Page 6

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

5.


TANGIBLE FIXED ASSETS





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 May 2023
391,377
14,978
42,063
448,418


Additions
7,476
417
7,037
14,930


Disposals
(27,092)
-
-
(27,092)



At 30 April 2024

371,761
15,395
49,100
436,256



DEPRECIATION


At 1 May 2023
325,095
8,861
35,912
369,868


Charge for the year on owned assets
30,205
2,510
5,583
38,298


Disposals
(24,806)
-
-
(24,806)



At 30 April 2024

330,494
11,371
41,495
383,360



NET BOOK VALUE



At 30 April 2024
41,267
4,024
7,605
52,896



At 30 April 2023
66,282
6,117
6,151
78,550

Page 7

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

6.


DEBTORS

2024
2023
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
214,740
201,851


2024
2023
£
£

DUE WITHIN ONE YEAR

Trade debtors
1,339,198
1,440,911

Other debtors
712,048
736,240

Called up share capital not paid
-
1

Prepayments and accrued income
46,317
29,640

2,097,563
2,206,792



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
50,000
50,000

Trade creditors
57,364
37,726

Other taxation and social security
45,511
55,999

Other creditors
3,151
2,610

Accruals and deferred income
2,414,722
2,321,731

2,570,748
2,468,066


Page 8

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

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
166,667
216,667


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
-
16,667

The bank loan is repayable in monthly instalments and the interest rate is 4.65% over the Bank of England Base Rate.


9.


DEFERRED TAXATION




2024


£






At beginning of year
14,468


Charged to profit or loss
14,468



AT END OF YEAR
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
19,620

Other short term timing differences
-
(5,152)

-
14,468

Page 9

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

10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



75 (2023 - 75) Ordinary A shares of £1.00 each
75
75
10 (2023 - 10) Ordinary B shares of £1.00 each
10
10
5 (2023 - 15) Ordinary C shares of £1.00 each
5
15
1 (2023 - NIL) Ordinary F share of £1.00
1
-

91

100

ALLOTTED, CALLED UP AND PARTLY PAID



Nil (2023 - 1)) Ordinary F shares of £1.00 each
-
1

10 Ordinary C shares were repurchased by the Company during the year for £30,000 and immediately cancelled.



11.


PENSION COMMITMENTS

At the balance sheet date pension contributions of £2,332 (2023 - £1,528) were unpaid.


12.OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contigencies that are not included in the balance sheet amount to £38,398 (2023 - £124,768).


13.


TRANSACTIONS WITH DIRECTORS

Included within other debtors are short term interest free loans to a director. The maximum balance outstanding was £501,408 and the balance at the year end amounted to £496,408 (2023 - £501,408) and a seperate share purchase loan of £75,000 (2023 - £75,000).

Included within other debtors is an interest free loan to a director's spouse. The maximum balance outstanding was £151,500 and the balance at the year end was £92,500 (2023 - £93,500). 

 
Page 10