Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08363327 2023-10-01 2024-09-30 08363327 2022-10-01 2023-09-30 08363327 2024-09-30 08363327 2023-09-30 08363327 c:Director2 2023-10-01 2024-09-30 08363327 d:OfficeEquipment 2023-10-01 2024-09-30 08363327 d:OfficeEquipment 2024-09-30 08363327 d:OfficeEquipment 2023-09-30 08363327 d:CurrentFinancialInstruments 2024-09-30 08363327 d:CurrentFinancialInstruments 2023-09-30 08363327 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08363327 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08363327 d:ShareCapital 2024-09-30 08363327 d:ShareCapital 2023-09-30 08363327 d:RetainedEarningsAccumulatedLosses 2024-09-30 08363327 d:RetainedEarningsAccumulatedLosses 2023-09-30 08363327 c:FRS102 2023-10-01 2024-09-30 08363327 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08363327 c:FullAccounts 2023-10-01 2024-09-30 08363327 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08363327 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 08363327










INFINEO SOLUTIONS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
INFINEO SOLUTIONS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF INFINEO SOLUTIONS LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Infineo Solutions Ltd for the year ended 30 September 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Infineo Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 16 January 2013Our work has been undertaken solely to prepare for your approval the financial statements of Infineo Solutions Ltd and state those matters that we have agreed to state to the Board of directors of Infineo Solutions Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Infineo Solutions Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Infineo Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Infineo Solutions Ltd. You consider that Infineo Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Infineo Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



J & S Accountants Limited
 
Chartered Accountants
  
6 Northlands Road
Southampton
SO15 2LF
7 March 2025
Page 1

 
INFINEO SOLUTIONS LTD
REGISTERED NUMBER: 08363327

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13
13

  
13
13

Current assets
  

Debtors: amounts falling due within one year
 5 
3,205
3,565

Cash at bank and in hand
 6 
101,985
22,519

  
105,190
26,084

Creditors: amounts falling due within one year
 7 
(3,047)
(110,732)

Net current assets/(liabilities)
  
 
 
102,143
 
 
(84,648)

Total assets less current liabilities
  
102,156
(84,635)

  

Net assets/(liabilities)
  
102,156
(84,635)


Capital and reserves
  

Called up share capital 
  
188,710
100

Profit and loss account
  
(86,554)
(84,735)

  
102,156
(84,635)


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 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 on 7 March 2025.


S P Hunt
Page 2

 
INFINEO SOLUTIONS LTD
REGISTERED NUMBER: 08363327
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
INFINEO SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Infineo Solutions Ltd is a private company, limited by shares and registered in England.

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.

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.

Page 4

 
INFINEO SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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.

 
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.

 
2.5

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 5

 
INFINEO SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.

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:

Office equipment
-
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.

 
2.7

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.

 
2.8

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.

 
2.9

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 2 (2023 - 2).

Page 6

 
INFINEO SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2023
1,085



At 30 September 2024

1,085



Depreciation


At 1 October 2023
1,072



At 30 September 2024

1,072



Net book value



At 30 September 2024
13



At 30 September 2023
13


5.


Debtors

2024
2023
£
£


Trade debtors
2,986
3,556

Other debtors
9
9

Prepayments and accrued income
210
-

3,205
3,565



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
101,985
22,519

101,985
22,519


Page 7

 
INFINEO SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
426
9,323

Amounts owed to group undertakings
-
98,692

Other taxation and social security
1,210
1,643

Other creditors
786
474

Accruals and deferred income
625
600

3,047
110,732



8.


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. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,242 (2023 - £1,242). Contributions totalling £483 (2023 - £483) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

At the balance sheet date, the company owed £nil (2023 £98,692) to R Finance SARL. R Finance SARL was the ultimate parent undertaking of the group to which Infineo Solutions Ltd belonged until 16 July 2024. From this date, the company is no longer a member of a group. Interest of £nil (2023 £1,564) was charged in the year.

 
Page 8