Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01falseComputer facilities management activities32falsetrue 14417854 2024-01-01 2024-12-31 14417854 2024-12-31 14417854 2022-10-13 2023-12-31 14417854 2023-12-31 14417854 c:Director1 2024-01-01 2024-12-31 14417854 c:Director2 2024-01-01 2024-12-31 14417854 d:CurrentFinancialInstruments 2024-12-31 14417854 d:CurrentFinancialInstruments 2023-12-31 14417854 d:Non-currentFinancialInstruments 2024-12-31 14417854 d:Non-currentFinancialInstruments 2023-12-31 14417854 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14417854 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14417854 d:ShareCapital 2024-12-31 14417854 d:ShareCapital 2023-12-31 14417854 d:RetainedEarningsAccumulatedLosses 2024-12-31 14417854 d:RetainedEarningsAccumulatedLosses 2023-12-31 14417854 c:FRS102 2024-01-01 2024-12-31 14417854 c:Audited 2024-01-01 2024-12-31 14417854 c:FullAccounts 2024-01-01 2024-12-31 14417854 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14417854 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14417854 6 2024-01-01 2024-12-31 14417854 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 14417854


INTIS IOT LIMITED








AUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
INTIS IOT LIMITED
REGISTERED NUMBER: 14417854

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
100
-

  
100
-

Current assets
  

Stocks
 5 
16,280
5,060

Debtors: amounts falling due after more than one year
 6 
1,260
1,170

Debtors: amounts falling due within one year
 6 
134,894
185,904

Cash at bank and in hand
 7 
91,001
74,161

  
243,435
266,295

Creditors: amounts falling due within one year
 8 
(282,738)
(247,165)

Net current (liabilities)/assets
  
 
 
(39,303)
 
 
19,130

Total assets less current liabilities
  
(39,203)
19,130

  

Net (liabilities)/assets
  
(39,203)
19,130


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(39,303)
19,030

  
(39,203)
19,130


Page 1

 
INTIS IOT LIMITED
REGISTERED NUMBER: 14417854
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 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: 




................................................
Mr I Forde
................................................
Mr R Davies
Director
Director


Date: 14 March 2025
Date:14 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
INTIS IOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales, registration number 14417854.
The address of the registered office is 1 Vincent Square, London, SW1P 2PN.
The company's principal place of business is Suite 149 Tower House, 67-71 Lewisham High Street, Lewisham, London, SE13 5JX.

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

Going concern

The Directors have assessed the Company’s ability to continue as a going concern and are satisfied that the adoption of the going concern basis is appropriate. This assessment is supported by a formal commitment from the Parent Company, which has pledged to provide full financial and operational support for a period of at least 12 months from the date of approval of the audit report.

Page 3

 
INTIS IOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Revenue from the sale of goods primarily consists of hardware sales to customers.
Service income mainly relates to Subscription-as-a-Service (SaaS) arrangements.

 
2.4

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.

 
2.5

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 4

 
INTIS IOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company contributes to 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.

 
2.7

Taxation

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.


 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

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 based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.10

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.

Page 5

 
INTIS IOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
100



At 31 December 2024
100





5.


Stocks

2024
2023
£
£

Raw materials and consumables
16,280
5,060

16,280
5,060







 


Page 6

 
INTIS IOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
1,260
1,170

1,260
1,170


2024
2023
£
£

Due within one year

Trade debtors
44,733
180,102

Other debtors
4,418
2,045

Prepayments and accrued income
85,743
3,757

134,894
185,904



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
91,001
74,161

91,001
74,161



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,320
6,090

Amounts owed to group undertakings
255,254
218,295

Corporation tax
-
4,220

Other taxation and social security
14,679
8,560

Accruals and deferred income
11,485
10,000

282,738
247,165


Page 7

 
INTIS IOT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Pension commitments

The Company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,938 (2023 - £3,805). No contributions were payable to the fund at the balance sheet date.


10.


Related party transactions

The Company has  taken  advantage  of  the  exemption  provided  in  FRS102 paragraph 33.1A not to disclose transactions with wholly owned companies within the same group.


11.


Controlling party

The ultimate parent company is Intis D.O.O, which prepares consolidated financial statements.   
Copies  of  these  financial  statements  are  available  from  Intis D.O.O,  Bani 73A Buzin I, Zagreb, Croatia, 10000.


12.


Auditors' information

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

The audit report was signed on 14 March 2025 by Mr Thomas Walker (Senior statutory auditor) on behalf of Wellers.

 
Page 8