Caseware UK (AP4) 2023.0.135 2023.0.135 false2024-01-01falsethat of the sale, distribution and service of scientific equipment.119falsetrue 02144390 2024-01-01 2024-12-31 02144390 2023-01-01 2023-12-31 02144390 2024-12-31 02144390 2023-12-31 02144390 2023-01-01 02144390 c:Director1 2024-01-01 2024-12-31 02144390 d:MotorVehicles 2024-01-01 2024-12-31 02144390 d:MotorVehicles 2024-12-31 02144390 d:MotorVehicles 2023-12-31 02144390 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02144390 d:FurnitureFittings 2024-01-01 2024-12-31 02144390 d:FurnitureFittings 2024-12-31 02144390 d:FurnitureFittings 2023-12-31 02144390 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02144390 d:ComputerEquipment 2024-01-01 2024-12-31 02144390 d:ComputerEquipment 2024-12-31 02144390 d:ComputerEquipment 2023-12-31 02144390 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02144390 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02144390 d:CurrentFinancialInstruments 2024-12-31 02144390 d:CurrentFinancialInstruments 2023-12-31 02144390 d:CurrentFinancialInstruments 2 2024-12-31 02144390 d:CurrentFinancialInstruments 2 2023-12-31 02144390 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02144390 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02144390 d:ShareCapital 2024-12-31 02144390 d:ShareCapital 2023-12-31 02144390 d:SharePremium 2024-12-31 02144390 d:SharePremium 2023-12-31 02144390 d:RetainedEarningsAccumulatedLosses 2024-12-31 02144390 d:RetainedEarningsAccumulatedLosses 2023-12-31 02144390 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 02144390 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02144390 c:OrdinaryShareClass1 2024-01-01 2024-12-31 02144390 c:OrdinaryShareClass1 2024-12-31 02144390 c:OrdinaryShareClass1 2023-12-31 02144390 c:PreferenceShareClass1 2024-01-01 2024-12-31 02144390 c:PreferenceShareClass1 2024-12-31 02144390 c:PreferenceShareClass1 2023-12-31 02144390 c:FRS102 2024-01-01 2024-12-31 02144390 c:Audited 2024-01-01 2024-12-31 02144390 c:FullAccounts 2024-01-01 2024-12-31 02144390 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02144390 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02144390 f:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02144390










Infors UK Limited










Financial statements

For the Year Ended 31 December 2024

 
Infors UK Limited
Registered number: 02144390

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
74,899
119,005

  
74,899
119,005

Current assets
  

Stocks
  
418,196
437,963

Debtors: amounts falling due within one year
 5 
639,659
506,772

Cash at bank and in hand
  
870,925
1,409,502

  
1,928,780
2,354,237

Creditors: amounts falling due within one year
 6 
(1,032,758)
(1,095,196)

Net current assets
  
 
 
896,022
 
 
1,259,041

Total assets less current liabilities
  
970,921
1,378,046

Provisions for liabilities
  

Deferred tax
 7 
(5,898)
(9,419)

  
 
 
(5,898)
 
 
(9,419)

Net assets
  
965,023
1,368,627


Capital and reserves
  

Called up share capital 
 8 
50,000
50,000

Share premium account
  
66,000
66,000

Profit and loss account
  
849,023
1,252,627

  
965,023
1,368,627


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: 




R Conry
Director

Date: 5 February 2025

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

Page 1

 
Infors UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

1.


Statutory information

Infors UK Limited is a private company limited by shares and is incorporated in England with the registration number 02144390. The address of the registered office and principal place of business is Unit A2, Dovers Farm, Lonesome Lane, Reigate, Surrey, RH2 7QT.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest £1.

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 Administrative expenses. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within Administrative expenses.

 
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.

Sale of goods
Revenue from the sale of goods is recognised upon delivery to the customer.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided.

Page 2

 
Infors UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.4

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.

Defined benefit pension plan

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Balance Sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

Page 3

 
Infors UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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

Depreciation is provided on the following basis:

Motor vehicles
-
20% - 25% straight line
Fixtures and fittings
-
5 years straight line
Computer equipment
-
5 years 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. 

Page 4

 
Infors UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.7

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 measured using the retail method. Work in progress and finished goods consist solely of purchase cost.

At each balance sheet 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.

  
2.8

Financial instruments

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.
Cash and cash equivalents
These comprise cash at bank and other short term highly liquid investments that mature in no more than three months from the date of acquisition.
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.
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

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 9).

Page 5

 
Infors UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
184,051
15,550
8,743
208,344


Disposals
(34,000)
-
-
(34,000)



At 31 December 2024

150,051
15,550
8,743
174,344



Depreciation


At 1 January 2024
65,608
14,988
8,743
89,339


Charge for the year on owned assets
27,677
562
-
28,239


Disposals
(18,133)
-
-
(18,133)



At 31 December 2024

75,152
15,550
8,743
99,445



Net book value



At 31 December 2024
74,899
-
-
74,899



At 31 December 2023
118,443
562
-
119,005

Page 6

 
Infors UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

5.


Debtors

2024
2023
£
£


Trade debtors
592,049
482,144

Amounts owed by group undertakings
18,616
-

Other debtors
6,935
6,935

Prepayments and accrued income
22,059
17,693

639,659
506,772



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
16,094
17,955

Amounts owed to group undertakings
-
370,666

Corporation tax
65,613
71,241

Other taxation and social security
158,125
107,343

Accruals and deferred income
462,926
197,991

Share capital treated as debt
330,000
330,000

1,032,758
1,095,196



7.


Deferred taxation




2024
2023


£

£






At beginning of period
(9,419)
(6,609)


Charged to profit or loss
3,521
(2,810)



At end of period
(5,898)
(9,419)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,898)
(9,419)

(5,898)
(9,419)

Page 7

 
Infors UK Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

8.


Share capital

2024
2023
£
£
Shares classified as equity

Allotted, called up and fully paid



50,000 (31 December 2023 - 50,000) Ordinary shares of £1.00 each
50,000
50,000

2024
2023
£
£
Shares classified as debt

Allotted, called up and fully paid



330,000 (31 December 2023 - 330,000) Preference shares of £1.00 each
330,000
330,000


The earliest redemption date for the redeemable preference shares was 1 August 1997 and the latest redemption date was 30 June 2009, unless the company had insufficient reserves to make such a redemption at that date. Subsequently, the level of reserves for redemption has been met and methods of redemption are being considered by the Board. As at the date of approval of these financial statements no conclusive decision has been reached.


9.


Related party transactions

The company has taken advantage of the exemption from disclosing related party transactions with its fellow group members provided by paragraph 35 of Appendix C of Section 1A of Financial Reporting Standard 102 as it is a wholly owned subsidiary undertaking of Infors AG.
All directors' remuneration paid by the company during the period was under normal market conditions.


10.


Controlling party

The ultimate parent company of Infors UK Limited is Infors AG, a company registered in Switzerland.
Infors AG is controlled by A Hawrylenko.


11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 5 February 2025 by Allan Pinner FCCA (Senior Statutory Auditor) on behalf of Kreston Reeves LLP.


Page 8