Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30162023-07-01falseNo description of principal activity19falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02787052 2023-07-01 2024-06-30 02787052 2022-07-01 2023-06-30 02787052 2024-06-30 02787052 2023-06-30 02787052 c:Director1 2023-07-01 2024-06-30 02787052 c:Director2 2023-07-01 2024-06-30 02787052 c:RegisteredOffice 2023-07-01 2024-06-30 02787052 d:PlantMachinery 2023-07-01 2024-06-30 02787052 d:PlantMachinery 2024-06-30 02787052 d:PlantMachinery 2023-06-30 02787052 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02787052 d:MotorVehicles 2023-07-01 2024-06-30 02787052 d:MotorVehicles 2024-06-30 02787052 d:MotorVehicles 2023-06-30 02787052 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02787052 d:OfficeEquipment 2023-07-01 2024-06-30 02787052 d:ComputerEquipment 2023-07-01 2024-06-30 02787052 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02787052 d:CurrentFinancialInstruments 2024-06-30 02787052 d:CurrentFinancialInstruments 2023-06-30 02787052 d:Non-currentFinancialInstruments 2024-06-30 02787052 d:Non-currentFinancialInstruments 2023-06-30 02787052 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02787052 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02787052 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02787052 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02787052 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 02787052 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 02787052 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 02787052 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 02787052 d:ShareCapital 2024-06-30 02787052 d:ShareCapital 2023-06-30 02787052 d:SharePremium 2024-06-30 02787052 d:SharePremium 2023-06-30 02787052 d:CapitalRedemptionReserve 2024-06-30 02787052 d:CapitalRedemptionReserve 2023-06-30 02787052 d:RetainedEarningsAccumulatedLosses 2024-06-30 02787052 d:RetainedEarningsAccumulatedLosses 2023-06-30 02787052 c:FRS102 2023-07-01 2024-06-30 02787052 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02787052 c:FullAccounts 2023-07-01 2024-06-30 02787052 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02787052 d:WithinOneYear 2024-06-30 02787052 d:WithinOneYear 2023-06-30 02787052 d:BetweenOneFiveYears 2024-06-30 02787052 d:BetweenOneFiveYears 2023-06-30 iso4217:GBP xbrli:pure
Company registration number: 02787052







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


MARKETPOINT (EUROPE) LIMITED






































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MARKETPOINT (EUROPE) LIMITED
 


 
COMPANY INFORMATION


Directors
P. J. Gillett 
H. A. Gillett 




Registered number
02787052



Registered office
Lily Hill House
Lily Hill Road

Bracknell

Berkshire

RG12 2SJ




Accountants
Menzies LLP

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


MARKETPOINT (EUROPE) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 


MARKETPOINT (EUROPE) LIMITED
REGISTERED NUMBER:02787052



STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
67,250
16,586

  
67,250
16,586

Current assets
  

Debtors: amounts falling due within one year
 5 
1,989,118
1,579,640

Cash at bank and in hand
  
773,177
251,293

  
2,762,295
1,830,933

Creditors: amounts falling due within one year
 6 
(1,022,337)
(596,220)

Net current assets
  
 
 
1,739,958
 
 
1,234,713

Total assets less current liabilities
  
1,807,208
1,251,299

Creditors: amounts falling due after more than one year
 7 
(53,728)
(19,915)

Provisions for liabilities
  

Deferred tax
  
(15,563)
(3,466)

  
 
 
(15,563)
 
 
(3,466)

Net assets
  
1,737,917
1,227,918

Page 1

 


MARKETPOINT (EUROPE) LIMITED
REGISTERED NUMBER:02787052


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
9,584
9,584

Share premium account
  
33,333
33,333

Capital redemption reserve
  
7,084
7,084

Profit and loss account
  
1,687,916
1,177,917

  
1,737,917
1,227,918


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: 



P. J. Gillett
Director

Date: 3 March 2025

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

Page 2

 


MARKETPOINT (EUROPE) LIMITED
 


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

1.


General information

Marketpoint (Europe) Limited is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is given on the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 

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

Revenue

Revenue is generated via the provision of databased marketing and consultancy services and 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

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.4

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

 


MARKETPOINT (EUROPE) LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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 following methods.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Equipment
-
20%, 25% or 33% Straight line
Computer software
-
33% 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.

 
2.6

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.

 
2.7

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.

Page 4

 


MARKETPOINT (EUROPE) LIMITED
 


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

2.Accounting policies (continued)

 
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 Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

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 reporting 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 Statement of Financial Position.

 
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 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.

Page 5

 


MARKETPOINT (EUROPE) LIMITED
 


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

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 19).


4.


Tangible fixed assets





Plant and machinery etc.
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 July 2023
25,140
-
25,140


Additions
-
82,215
82,215


Disposals
-
(19,825)
(19,825)



At 30 June 2024

25,140
62,390
87,530



Depreciation


At 1 July 2023
8,554
-
8,554


Charge for the year
11,726
-
11,726



At 30 June 2024

20,280
-
20,280



Net book value



At 30 June 2024
4,860
62,390
67,250



At 30 June 2023
16,586
-
16,586

Page 6

 


MARKETPOINT (EUROPE) LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
498,461
165,234

Other debtors
1,470,319
1,401,427

Prepayments and accrued income
20,338
12,979

1,989,118
1,579,640



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,264
42,642

Trade creditors
595,933
272,744

Corporation tax
241,533
74,887

Other taxation and social security
11,269
40,880

Obligations under finance lease and hire purchase contracts
3,312
-

Other creditors
154,226
157,642

Accruals and deferred income
5,800
7,425

1,022,337
596,220


HSBC Bank PLC have a fixed and floating charge over all assets of the company.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,650
19,915

Net obligations under finance leases and hire purchase contracts
44,078
-

53,728
19,915


HSBC Bank PLC have a fixed and floating charge over all assets of the company.

Page 7

 


MARKETPOINT (EUROPE) LIMITED
 


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

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,264
42,642


10,264
42,642

Amounts falling due 1-2 years

Bank loans
9,650
10,011


9,650
10,011

Amounts falling due 2-5 years

Bank loans
-
9,904


-
9,904


19,914
62,557



9.


Pension commitments

As at 30 June 2024 the company had unpaid pension contributions of £4,226 (2023 - £3,785).


10.


Commitments under operating leases

At 30 June 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
23,638
24,792

Later than 1 year and not later than 5 years
11,819
35,456

35,457
60,248

Page 8

 


MARKETPOINT (EUROPE) LIMITED
 


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

11.


Related party transactions

During the year, the company made sales to High Performance Software Limited of £128,320 (2023: £nil) and made payments of £12,260 (2023: £11,269) in relation to software licenses. There was other loan movement of £27,826 during the year (2023: £430,273).
The company made sales to High Performance Software Inc of £542,483 (2023: £300,000) and made payments of £nil (2023: £nil). There were foreign exchange differences during the year of £21,464 (2023: £15,890).
At the balance sheet date the company was owed £981,468 (2023: £837,582) from High Performance Software Limited, and the company was owed £406,594 from (2023: owed £114,425 to) High Performance Software lnc, as contained in other debtors in note 5 above. Both companies are under the control of P. J. Gillett. 
During the year, the company made sales to Zuant Inc of £20,844 (2023: £257,382) and made payments of £542,483 (2023 - £nil).
At the balance sheet date the company was owed £20,844 (2023: £542,483) from Zuant Inc, a company controlled by P. J. Gillett.


12.


Transactions with the director

2024
2023
£
£
Balance outstanding at the start of the year

148

(2)
 
Amounts advanced

5,653

165
 
Amounts repaid

(148)

(15)
 
Balance outstanding at the end of the year
5,653

148
 

No interest has been charged on this amount.

 
Page 9