Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13133674 2024-01-01 2024-12-31 13133674 2023-01-01 2023-12-31 13133674 2024-12-31 13133674 2023-12-31 13133674 c:Director1 2024-01-01 2024-12-31 13133674 d:PlantMachinery 2024-01-01 2024-12-31 13133674 d:PlantMachinery 2024-12-31 13133674 d:PlantMachinery 2023-12-31 13133674 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13133674 d:ComputerEquipment 2024-01-01 2024-12-31 13133674 d:ComputerEquipment 2024-12-31 13133674 d:ComputerEquipment 2023-12-31 13133674 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13133674 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13133674 d:CurrentFinancialInstruments 2024-12-31 13133674 d:CurrentFinancialInstruments 2023-12-31 13133674 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13133674 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13133674 d:ShareCapital 2024-12-31 13133674 d:ShareCapital 2023-12-31 13133674 d:SharePremium 2024-12-31 13133674 d:SharePremium 2023-12-31 13133674 d:RetainedEarningsAccumulatedLosses 2024-12-31 13133674 d:RetainedEarningsAccumulatedLosses 2023-12-31 13133674 c:FRS102 2024-01-01 2024-12-31 13133674 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13133674 c:FullAccounts 2024-01-01 2024-12-31 13133674 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13133674 2 2024-01-01 2024-12-31 13133674 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure


















Inrange Ltd























Unaudited

Financial statements



For the year ended 31 December 2024



Registered number: 13133674

 
Inrange Ltd - Registered number:13133674


Statement of financial position
As at 31 December 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible fixed assets
 5 
167,815
246,567

  
167,815
246,567

Current assets
  

Debtors
 6 
403,161
347,699

Cash at bank and in hand
  
433,116
331,808

  
836,277
679,507

Creditors: amounts falling due within one year
 7 
(159,953)
(177,676)

Net current assets
  
 
 
676,324
 
 
501,831

Total assets less current liabilities
  
844,139
748,398

Net assets
  
844,139
748,398


Capital and reserves
  

Share capital
  
147
140

Share premium account
  
2,176,774
1,659,596

Profit and loss account
  
(1,332,782)
(911,338)

  
844,139
748,398


The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Page 1

 
Inrange Ltd - Registered number:13133674


Statement of financial position (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 and were signed by: 




John Mushriqui
Director

Date: 14 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Inrange Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2024

1.


General information

The company is a private company limited by shares and is incorporated in England and Wales. The company
registration number is 13133674. The registered office is 128 City Road, London,  EC1V 2NX.

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 Republic of Ireland' ('FRS102') 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.

The following principal accounting policies have been applied:

  
2.2

Going concern

The company has sufficient liquid resources to continue as a going concern for the foreseeable future and the director believes that the company will be able to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements. Therefore the financial statements have been prepared on the going concern basis.

 
2.3

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
Inrange Ltd
 

Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

 
2.7

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:

Plant and machinery
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
Inrange Ltd
 

Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on
notice of not more than 24 hours.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 -5).


4.


Investments

The company owns 100% of the issued share capital of a company incorporated in Israel which holds no par value. 

Page 5

 
Inrange Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2024

5.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
254,362
12,750
267,112


Correction to fixed assets
(16,420)
-
(16,420)



At 31 December 2024

237,942
12,750
250,692



Depreciation


At 1 January 2024
18,612
1,933
20,545


Charge for the year
59,144
3,188
62,332



At 31 December 2024

77,756
5,121
82,877



Net book value



At 31 December 2024
160,186
7,629
167,815



At 31 December 2023
235,750
10,817
246,567

Page 6

 
Inrange Ltd
 
 

Notes to the financial statements
For the year ended 31 December 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,034
-

Other debtors
130,978
228,070

Prepayments
-
6,128

Deferred taxation
271,149
113,501

403,161
347,699



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
59,102
89,481

Taxation and social security
83,054
61,851

Other creditors
1,777
12,519

Accruals
16,020
13,825

159,953
177,676



Page 7