Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30truetruetruetruefalsefalse742023-07-01No description of principal activity71truefalse 03553908 2023-07-01 2024-06-30 03553908 2022-07-01 2023-06-30 03553908 2024-06-30 03553908 2023-06-30 03553908 2022-07-01 03553908 2 2023-07-01 2024-06-30 03553908 3 2023-07-01 2024-06-30 03553908 3 2022-07-01 2023-06-30 03553908 4 2023-07-01 2024-06-30 03553908 4 2022-07-01 2023-06-30 03553908 6 2023-07-01 2024-06-30 03553908 6 2022-07-01 2023-06-30 03553908 d:CompanySecretary1 2023-07-01 2024-06-30 03553908 d:Director2 2023-07-01 2024-06-30 03553908 d:Director4 2023-07-01 2024-06-30 03553908 d:RegisteredOffice 2023-07-01 2024-06-30 03553908 d:Agent1 2023-07-01 2024-06-30 03553908 e:Buildings e:ShortLeaseholdAssets 2023-07-01 2024-06-30 03553908 e:Buildings e:ShortLeaseholdAssets 2024-06-30 03553908 e:Buildings e:ShortLeaseholdAssets 2023-06-30 03553908 e:PlantMachinery 2023-07-01 2024-06-30 03553908 e:PlantMachinery 2024-06-30 03553908 e:PlantMachinery 2023-06-30 03553908 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03553908 e:FurnitureFittings 2023-07-01 2024-06-30 03553908 e:OfficeEquipment 2023-07-01 2024-06-30 03553908 e:OfficeEquipment 2024-06-30 03553908 e:OfficeEquipment 2023-06-30 03553908 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03553908 e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 03553908 e:ComputerSoftware 2023-07-01 2024-06-30 03553908 e:ComputerSoftware 2024-06-30 03553908 e:ComputerSoftware 2023-06-30 03553908 e:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 03553908 e:CurrentFinancialInstruments 2024-06-30 03553908 e:CurrentFinancialInstruments 2023-06-30 03553908 e:CurrentFinancialInstruments 1 2024-06-30 03553908 e:CurrentFinancialInstruments 1 2023-06-30 03553908 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 03553908 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 03553908 e:UKTax 2023-07-01 2024-06-30 03553908 e:UKTax 2022-07-01 2023-06-30 03553908 e:ShareCapital 2023-07-01 2024-06-30 03553908 e:ShareCapital 2024-06-30 03553908 e:ShareCapital 2022-07-01 2023-06-30 03553908 e:ShareCapital 2023-06-30 03553908 e:ShareCapital 2022-07-01 03553908 e:CapitalRedemptionReserve 2023-07-01 2024-06-30 03553908 e:CapitalRedemptionReserve 2024-06-30 03553908 e:CapitalRedemptionReserve 2 2023-07-01 2024-06-30 03553908 e:CapitalRedemptionReserve 2022-07-01 2023-06-30 03553908 e:CapitalRedemptionReserve 2023-06-30 03553908 e:CapitalRedemptionReserve 2022-07-01 03553908 e:ForeignCurrencyTranslationReserve 2023-07-01 2024-06-30 03553908 e:ForeignCurrencyTranslationReserve 2024-06-30 03553908 e:ForeignCurrencyTranslationReserve 2 2023-07-01 2024-06-30 03553908 e:ForeignCurrencyTranslationReserve 2023-06-30 03553908 e:OtherMiscellaneousReserve 2023-07-01 2024-06-30 03553908 e:OtherMiscellaneousReserve 2024-06-30 03553908 e:OtherMiscellaneousReserve 2 2023-07-01 2024-06-30 03553908 e:OtherMiscellaneousReserve 2022-07-01 2023-06-30 03553908 e:OtherMiscellaneousReserve 2023-06-30 03553908 e:OtherMiscellaneousReserve 2022-07-01 03553908 e:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 03553908 e:RetainedEarningsAccumulatedLosses 2024-06-30 03553908 e:RetainedEarningsAccumulatedLosses 2 2023-07-01 2024-06-30 03553908 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 03553908 e:RetainedEarningsAccumulatedLosses 2023-06-30 03553908 e:RetainedEarningsAccumulatedLosses 2022-07-01 03553908 d:OrdinaryShareClass1 2023-07-01 2024-06-30 03553908 d:OrdinaryShareClass1 2024-06-30 03553908 d:OrdinaryShareClass1 2023-06-30 03553908 d:FRS102 2023-07-01 2024-06-30 03553908 d:Audited 2023-07-01 2024-06-30 03553908 d:FullAccounts 2023-07-01 2024-06-30 03553908 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03553908 e:WithinOneYear 2024-06-30 03553908 e:WithinOneYear 2023-06-30 03553908 e:BetweenOneFiveYears 2024-06-30 03553908 e:BetweenOneFiveYears 2023-06-30 03553908 e:ShareCapital 2 2023-07-01 2024-06-30 03553908 e:AcceleratedTaxDepreciationDeferredTax 2024-06-30 03553908 e:AcceleratedTaxDepreciationDeferredTax 2023-06-30 03553908 e:TaxLossesCarry-forwardsDeferredTax 2024-06-30 03553908 e:TaxLossesCarry-forwardsDeferredTax 2023-06-30 03553908 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03553908
















GOSS INTERACTIVE LIMITED



ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024


































img7693.png


GOSS INTERACTIVE LIMITED

 
COMPANY INFORMATION


DIRECTORS
R M McCarthy 
S D C Smith 




COMPANY SECRETARY
R M Gilkes



REGISTERED NUMBER
03553908



REGISTERED OFFICE
24 Darklake View
Estover

Plymouth

Devon

PL6 7TL




INDEPENDENT AUDITORS
Bishop Fleming LLP
Chartered Accountants & Statutory Auditors

Salt Quay House

4 North East Quay

Sutton Harbour

Plymouth

PL4 0BN




BANKERS
HSBC Bank Plc
4 Old Town Street

Plymouth

Devon

PL1 1DD






GOSS INTERACTIVE LIMITED


CONTENTS



Page
Strategic Report
 
1
Directors' Report
 
2 - 3
Directors' Responsibilities Statement
 
4
Independent Auditors' Report
 
5 - 8
Statement of Comprehensive Income
 
9
Statement of Financial Position
 
10
Statement of Changes in Equity
 
11 - 12
Notes to the Financial Statements
 
13 - 25



GOSS INTERACTIVE LIMITED

 
STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

INTRODUCTION
 
The directors present their strategic report for the year ended 30 June 2024.

BUSINESS REVIEW
 
The Company experienced another successful year, with a 15% increase in top-line revenue, reflecting sustained demand for digital transformation solutions in our core markets. Gross profit rose in tandem with revenue, maintaining a margin of roughly 87%. Cash generation also remained robust, and net assets climbed 15.7% to £6.32m, indicating a strengthened balance sheet.
In addition, we continued to secure strong recurring income growth and notable new contracts in central government, highlighting the solid foundations of the business. While overall profitability was tempered slightly by one-off exceptional costs and an EMI (Enterprise Management Incentive) charge, the Company remains on track with its growth objectives and is well-positioned for the future.

PRINCIPAL RISKS AND UNCERTAINTIES
 
The directors have reviewed the potential effects of AI, security, data risks, and local government reorganisation on the company’s ability to continue as a going concern. Given our strong track record in security, data protection, and data governance, we believe any future impacts—though uncertain—can be managed through robust policies, practical oversight, and adequate insurance. We maintain a formal business continuity plan designed to mitigate unforeseen events. While local government reorganisation brings change, our established footprint in all tiers of local government, coupled with the growing demand for digital and automated solutions, positions the business to leverage these changes as an opportunity.
Finally, although rapid AI adoption represents both a risk and an opportunity, our history of integrating AI into current products and services gives us confidence. We will continue to enhance these capabilities to ensure we stay at the forefront of this evolving technology.

FINANCIAL KEY PERFORMANCE INDICATORS
 
The financial key performance indicators for the Company are as follows:
img5d02.png

 


This report was approved by the board and signed on its behalf.


R M McCarthy
Director

Date: 26 March 2025

Page 1


GOSS INTERACTIVE LIMITED

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The directors present their report and the financial statements for the year ended 30 June 2024.

RESULTS AND DIVIDENDS

The profit for the year, after taxation, amounted to £482,175 (2023: £490,491).

The directors do not recommend payment of a dividend.

DIRECTORS

The directors who served during the year were:

R M McCarthy 
S D C Smith 

FUTURE DEVELOPMENTS

The reorganisation underway in local government presents significant opportunities for Goss. Our established presence across all tiers of local government, combined with ever-increasing demand for digital and automated solutions, positions us well to benefit from this changing landscape. In addition, the ongoing pressure to balance public spending with reduced budgets underscores the need for cost-saving measures through automation.
Our continued investment in digital transformation—particularly in AI—has delivered real-world results, allowing us to move beyond prototypes and quickly deploy operational projects that save clients both time and money. As AI technology evolves further, we plan to expand our AI-driven offerings to meet the growing market need and remain at the forefront of innovation in our sector

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

POST BALANCE SHEET EVENTS

There have been no significant events affecting the Company since the year end.

AUDITORS

The auditorsBishop Fleming LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 2


GOSS INTERACTIVE LIMITED
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
This report was approved by the board and signed on its behalf.
 






R M McCarthy
Director

Date: 26 March 2025

24 Darklake View
Estover
Plymouth
Devon
PL6 7TL

Page 3


GOSS INTERACTIVE LIMITED

 
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 30 JUNE 2024

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
 
 
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
 
 
Page 4


GOSS INTERACTIVE LIMITED

 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GOSS INTERACTIVE LIMITED
OPINION


We have audited the financial statements of Goss Interactive Limited (the 'Company') for the year ended 30 June 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 June 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


BASIS FOR OPINION


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


CONCLUSIONS RELATING TO GOING CONCERN


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


OTHER INFORMATION


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 5


GOSS INTERACTIVE LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GOSS INTERACTIVE LIMITED (CONTINUED)

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.


MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


RESPONSIBILITIES OF DIRECTORS
 

As explained more fully in the Directors' Responsibilities Statement set out on page 4, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 6


GOSS INTERACTIVE LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GOSS INTERACTIVE LIMITED (CONTINUED)

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We have considered the nature of the industry and sector, control environment, business performance and key drivers for directors' remuneration;
We have considered the results of enquiries with management about their own identification and assessment of the risk of irregularities;
We have reviewed the documentation of key processes and controls and performed walkthroughs of transactions to confirm that the systems are operating in line with documentation.
We have considered the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the highest area of risk to be in relation to revenue recognition, with a particular risk in relation to year-end cut-off. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override. Further to this we have also identified related party balances to be a significant risk.
We have also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, FRS 102 and UK tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or avoid a material penalty. These included health and safety, employment law, data protection and cyber security legislation.
Our procedures to respond to the risks identified included the following:

Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the    financial statements;
Enquiring of management concerning actual and potential litigation and claims;
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
Performing detailed transactional testing in relation to the recognition of revenue with a particular focus around year end cut-off;
Performing a review of balances with related parties to ensure completeness; and  
In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries, and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of the business.

We also communicated relevant identified laws and regulations and potential fraud risk to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout
Page 7


GOSS INTERACTIVE LIMITED
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF GOSS INTERACTIVE LIMITED (CONTINUED)

the audit.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


USE OF OUR REPORT
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.






Nathan Coughlin FCA (Senior Statutory Auditor)
for and on behalf of
Bishop Fleming LLP
Chartered Accountants
Statutory Auditors
Salt Quay House
4 North East Quay
Sutton Harbour
Plymouth
PL4 0BN

26 March 2025
Page 8


GOSS INTERACTIVE LIMITED

 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024

2024
2023
Note
£
£

  

Turnover
 4 
5,349,671
4,660,322

Cost of sales
  
(698,132)
(601,370)

GROSS PROFIT
  
4,651,539
4,058,952

Administrative expenses
  
(4,076,615)
(3,560,497)

OPERATING PROFIT
 5 
574,924
498,455

Interest receivable and similar income
 9 
149,412
34,492

Interest payable and similar expenses
  
(865)
(798)

PROFIT BEFORE TAX
  
723,471
532,149

Tax on profit
 10 
(241,296)
(41,658)

PROFIT FOR THE FINANCIAL YEAR
  
482,175
490,491

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 13 to 25 form part of these financial statements.

Page 9


GOSS INTERACTIVE LIMITED
REGISTERED NUMBER:03553908

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 12 
100,713
139,553

  
100,713
139,553

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 13 
763,219
681,084

Investments
 14 
3,000,000
-

Cash at bank and in hand
  
2,557,510
4,781,831

  
6,320,729
5,462,915

Creditors: amounts falling due within one year
 15 
(3,167,929)
(2,883,878)

NET CURRENT ASSETS
  
 
 
3,152,800
 
 
2,579,037

TOTAL ASSETS LESS CURRENT LIABILITIES
  
3,253,513
2,718,590

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
-
(11,701)

NET ASSETS
  
3,253,513
2,706,889


CAPITAL AND RESERVES
  

Called up share capital 
 17 
370
370

Capital redemption reserve
 18 
370
370

Capital contribution reserve
 18 
64,449
-

Other reserves
 18 
50,260
50,260

Profit and loss account
 18 
3,138,064
2,655,889

  
3,253,513
2,706,889


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





R M McCarthy
Director

Date: 26 March 2025

The notes on pages 13 to 25 form part of these financial statements.

Page 10

GOSS INTERACTIVE LIMITED



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024



Called up share capital
Capital redemption reserve
Capital contribution reserve
Other reserves
Profit and loss account
Total equity


£
£
£
£
£
£


At 1 July 2023
370
370
-
50,260
2,655,889
2,706,889



COMPREHENSIVE INCOME FOR THE YEAR


Profit for the year

-
-
-
-
482,175
482,175



OTHER COMPREHENSIVE INCOME FOR THE YEAR
-
-
-
-
-
-



TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
-
-
-
482,175
482,175



CONTRIBUTIONS BY AND DISTRIBUTIONS TO OWNERS


Share based payment expense
-
-
64,449
-
-
64,449



TOTAL TRANSACTIONS WITH OWNERS
-
-
64,449
-
-
64,449



AT 30 JUNE 2024
370
370
64,449
50,260
3,138,064
3,253,513



The notes on pages 13 to 25 form part of these financial statements.

Page 11


GOSS INTERACTIVE LIMITED



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023



Called up share capital
Capital redemption reserve
Other reserves
Profit and loss account
Total equity


£
£
£
£
£


At 1 July 2022
370
370
50,260
2,165,398
2,216,398



COMPREHENSIVE INCOME FOR THE YEAR


Profit for the year

-
-
-
490,491
490,491



OTHER COMPREHENSIVE INCOME FOR THE YEAR
-
-
-
-
-



TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
-
-
490,491
490,491



TOTAL TRANSACTIONS WITH OWNERS
-
-
-
-
-



AT 30 JUNE 2023
370
370
50,260
2,655,889
2,706,889



The notes on pages 13 to 25 form part of these financial statements.

Page 12

GOSS INTERACTIVE LIMITED

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

1.


GENERAL INFORMATION

Goss Interactive Limited is a private company limited by shares and incorporated in England & Wales, Company no. 03553908. The registered office is 24 Darklake View, Estover, Plymouth, Devon, PL6 7TL.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:

 
2.2

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Goss Technology Group Ltd as at 30 June 2024 and these financial statements may be obtained from Companies House.

 
2.3

GOING CONCERN

The directors have assessed the impact of current inflationary pressures and staff availability on the company's ability to continue as a going concern. Given the track record to date of managing costs, revenues, recruitment and staff retention the directors believe that the future impacts, although uncertain, would be minimal. The company has a business continuity plan in place which is aimed to reduce the impact of any unforeseen events.

Page 13


GOSS INTERACTIVE LIMITED

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

2.ACCOUNTING POLICIES (continued)

 
2.4

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:

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.

 
2.5

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Computer software
-
50%
Straight line

 
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.

Depreciation is provided on the following basis:

Short-term leasehold property
-
straight line over the remaining lease term
Computer equipment
-
33% straight line
Fixtures and fittings
-
20% reducing balance

 
2.7

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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash
Page 14


GOSS INTERACTIVE LIMITED

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

2.ACCOUNTING POLICIES (continued)


2.7
FINANCIAL INSTRUMENTS (CONTINUED)

flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

SHARE-BASED PAYMENTS

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.

 
2.9

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.

Page 15


GOSS INTERACTIVE LIMITED

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

2.ACCOUNTING POLICIES (continued)

 
2.10

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.

 
2.11

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.


 
2.12

RESEARCH AND DEVELOPMENT

All expenditure on research and development is recognised as an expense when it is incurred.

 
2.13

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 16


GOSS INTERACTIVE LIMITED

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

3.



JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions eill, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
Critical areas of judgement:
Equity settled share based payments
The company operates Employee Share Schemes. The Directors have assessed the fair value of the share options and the corresponding share based payment accounting entries at the grant date with reference to comparable market data.


4.


TURNOVER

The whole of the turnover is attributable to Digital platform software as a service (SASS) and digital transformation.

All turnover arose within the United Kingdom.


5.


OPERATING PROFIT

The operating profit is stated after charging:

2024
2023
£
£

Depreciation
42,267
45,354

Other operating lease rentals
143,383
146,813

Share-based payment
64,449
-


6.


AUDITORS' REMUNERATION

2024
2023
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
17,000
13,700

Page 17


GOSS INTERACTIVE LIMITED

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

7.


EMPLOYEES

Staff costs, including directors' remuneration, were as follows:


2024
2023
£
£

Wages and salaries
2,883,088
2,658,294

Social security costs
281,876
271,200

Cost of defined contribution scheme
158,872
77,701

3,323,836
3,007,195


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Staff
74
71


8.


DIRECTORS' REMUNERATION

2024
2023
£
£

Directors' emoluments
164,962
164,744

Company contributions to defined contribution pension schemes
85,043
4,902

250,005
169,646


During the year retirement benefits were accruing to 2 directors (2023: 2) in respect of defined contribution pension schemes.

During the year 2 directors received share options in the Company's parent undertaking, Goss Technology Group Limited, under long-term incentive schemes (2023: 0).


9.


INTEREST RECEIVABLE

2024
2023
£
£


Other interest receivable
149,412
34,492

149,412
34,492

Page 18


GOSS INTERACTIVE LIMITED

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

10.


TAXATION


2024
2023
£
£

CORPORATION TAX


Current tax on profits for the year
222,057
33,806

Adjustments in respect of previous periods
31,101
16,462


253,158
50,268


TOTAL CURRENT TAX
253,158
50,268

DEFERRED TAX


Origination and reversal of timing differences
(11,843)
(8,610)

Adjustments in respect of previous periods
(19)
-

TOTAL DEFERRED TAX
(11,862)
(8,610)


TAX ON PROFIT
241,296
41,658
Page 19


GOSS INTERACTIVE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
 
10.TAXATION (CONTINUED)

The tax assessed for the year is higher than (2023: lower than) the standard rate of corporation tax in the UK of 25% (2023: 20.5%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
723,471
532,149


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023: 20.5%)
180,868
109,069

EFFECTS OF:


Fixed asset differences
552
217

Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
41,096
1,878

Adjustments to brought forward values
-
247

Adjustment in research and development tax credit leading to an increase (decrease) in the tax charge
(12,302)
(84,354)

Adjustment to tax charge in respect of previous periods
31,082
16,462

Remeasurement of deferred tax for changes in tax rates
-
(1,551)

Marginal relief
-
(310)

TOTAL TAX CHARGE FOR THE YEAR
241,296
41,658

Page 20


GOSS INTERACTIVE LIMITED

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

11.


INTANGIBLE ASSETS




Computer software

£



COST


At 1 July 2023
59,367


Disposals
(53,287)



At 30 June 2024

6,080



AMORTISATION


At 1 July 2023
59,367


On disposals
(53,287)



At 30 June 2024

6,080



NET BOOK VALUE



At 30 June 2024
-



At 30 June 2023
-



Page 21


GOSS INTERACTIVE LIMITED

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

12.


TANGIBLE FIXED ASSETS





Short-term leasehold property
Computer equipment
Fixtures & fittings
Total

£
£
£
£



COST


At 1 July 2023
254,223
152,251
94,890
501,364


Additions
-
6,486
1,596
8,082


Disposals
(9,362)
-
(13,934)
(23,296)



At 30 June 2024

244,861
158,737
82,552
486,150



DEPRECIATION


At 1 July 2023
137,698
130,829
93,284
361,811


Charge for the year on owned assets
28,303
16,205
(2,241)
42,267


Disposals
(5,468)
-
(13,173)
(18,641)



At 30 June 2024

160,533
147,034
77,870
385,437



NET BOOK VALUE



At 30 June 2024
84,328
11,703
4,682
100,713



At 30 June 2023
116,525
21,422
1,606
139,553


13.


DEBTORS

2024
2023
£
£


Trade debtors
462,509
479,102

Prepayments and accrued income
300,549
201,982

Deferred taxation
161
-

763,219
681,084



14.


CURRENT ASSET INVESTMENTS

2024
2023
£
£

Notice deposits (more than 3 months)
3,000,000
-

3,000,000
-


Page 22


GOSS INTERACTIVE LIMITED

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

15.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
53,567
39,654

Corporation tax
253,202
34,119

Other taxation and social security
330,689
306,779

Accruals
135,500
107,214

Other creditors
97,519
94,149

Accruals and deferred income
2,297,452
2,301,963

3,167,929
2,883,878



16.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
(11,701)
(20,311)


Charged to profit or loss
11,862
8,610



AT END OF YEAR
161
(11,701)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
5,424
14,238

Short term timing differences
(5,585)
(2,537)

(161)
11,701


17.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



37,000 (2023: 37,000) ordinary shares of £0.01 each
370
370




Page 23


GOSS INTERACTIVE LIMITED

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

18.


RESERVES

Capital redemption reserve

Includes the balance of share capital repurchased by the company.

Capital contribution reserve

This reserve represents a capital contribution which has arisen from the accounting of the parent company's share based payment schemes as the Company is not reimbursing its parent company for the share based payment expenses recognised during the vesting periods in respect of staff employed by this Company. As detailed in note 20, full disclosure of the schemes is available in the consolidated accounts of Goss Technology Group Limited.

Other reserves

Includes the balance of capital contributions made by the shareholders.

Profit and loss account

Includes all current and prior year retained profits and losses.


19.


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 £158,872 (2023: £77,701). Contributions totalling £25,410 (2023: £21,355) were payable to the fund at the reporting date and are included in creditors.


20.


SHARE-BASED PAYMENTS

Goss Technology Group, including its subsidiaries, operates an equity-settled based remuneration scheme for employees in the Group. In accordance with the scheme rules, options are only exercisable on the event of an exit or transaction. These options include the condition of continued employment until an exit. The options expire 10 years after the grant date. Awards were made during the financial year.
Full disclosure of the scheme is available in the consolidated accounts of Goss Technology Group Limited.


21.


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
98,802
101,308

Later than 1 year and not later than 5 years
11,821
89,413

110,623
190,721

Page 24


GOSS INTERACTIVE LIMITED

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

22.


RELATED PARTY TRANSACTIONS

As a wholly owned subsidiary undertaking of their ultimate parent Goss Technology Group Limited, the Company has taken advantage of the exemption in section 33.1A nof FRS 102 in not disclosing intra-group transactions where 100% of the voting rights are controlled within the group.
During the year, Goss Interactive Limited leased its premises from the trustees of a pension scheme, of which a director and his domestic partner are trustees and beneficiaries. During the year rent of £84,184 (2023: £87,035) was charged. At the year end £3,925 (2023: £3,500) was payable to the the pension scheme trustees by Goss Interactive Limited.
Key Management Personnel
The Directors, who have the authority and responsibility for planning, directing and controlling the activities of the Company are considered to be the only key management personnel. 


23.


CONTROLLING PARTY

The immediate controlling party, the parent undertaking, is Goss Technology Group Ltd. The registered office address is 24 Darklake View, Estover, Plymouth, England, PL6 7TL.
The ultimate controlling party is Mr R M McCarthy

 
Page 25