Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-312025-05-020The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2024-04-01falseNo description of principal activity69true 11763219 2024-04-01 2025-03-31 11763219 2023-04-01 2024-03-31 11763219 2025-03-31 11763219 2024-03-31 11763219 c:Director1 2024-04-01 2025-03-31 11763219 d:MotorVehicles 2024-04-01 2025-03-31 11763219 d:MotorVehicles 2025-03-31 11763219 d:MotorVehicles 2024-03-31 11763219 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 11763219 d:FurnitureFittings 2024-04-01 2025-03-31 11763219 d:FurnitureFittings 2025-03-31 11763219 d:FurnitureFittings 2024-03-31 11763219 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 11763219 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 11763219 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 11763219 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 11763219 d:Goodwill 2024-04-01 2025-03-31 11763219 d:Goodwill 2025-03-31 11763219 d:Goodwill 2024-03-31 11763219 d:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 11763219 d:CurrentFinancialInstruments 2025-03-31 11763219 d:CurrentFinancialInstruments 2024-03-31 11763219 d:Non-currentFinancialInstruments 2025-03-31 11763219 d:Non-currentFinancialInstruments 2024-03-31 11763219 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 11763219 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11763219 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 11763219 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11763219 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 11763219 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11763219 d:ShareCapital 2025-03-31 11763219 d:ShareCapital 2024-03-31 11763219 d:RetainedEarningsAccumulatedLosses 2025-03-31 11763219 d:RetainedEarningsAccumulatedLosses 2024-03-31 11763219 c:FRS102 2024-04-01 2025-03-31 11763219 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11763219 c:FullAccounts 2024-04-01 2025-03-31 11763219 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11763219 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 11763219 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 11763219 2 2024-04-01 2025-03-31 11763219 6 2024-04-01 2025-03-31 11763219 d:ExternallyAcquiredIntangibleAssets 2024-04-01 2025-03-31 11763219 d:Goodwill d:OwnedIntangibleAssets 2024-04-01 2025-03-31 11763219 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-04-01 2025-03-31 11763219 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 11763219









INTERBUYS GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
INTERBUYS GROUP LIMITED
REGISTERED NUMBER: 11763219

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
43,885
12,000

Tangible assets
 5 
11,404
5,498

Investments
 6 
71,474
63,456

  
126,763
80,954

Current assets
  

Stocks
 7 
187,000
170,250

Debtors: amounts falling due within one year
 8 
172,890
182,032

Cash at bank and in hand
 9 
80
1,863

  
359,970
354,145

Creditors: amounts falling due within one year
 10 
(343,257)
(377,658)

Net current assets/(liabilities)
  
 
 
16,713
 
 
(23,513)

Total assets less current liabilities
  
143,476
57,441

Creditors: amounts falling due after more than one year
 11 
(142,476)
(114,772)

  

Net assets/(liabilities)
  
1,000
(57,331)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
900
(57,431)

  
1,000
(57,331)


Page 1

 
INTERBUYS GROUP LIMITED
REGISTERED NUMBER: 11763219
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 on 2 May 2025.




................................................
David King
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Interbuys Group Limited is a private company, incorporated in England and Wales, limited by share capital. The principal activity of the Company was that of the provision of technology services.

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

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.

Page 3

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

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.


 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

 The estimated useful lives range as follows:

Goodwill
-
10
years
Website
-
not amortised

 
2.11

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.

Page 5

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance

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.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

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.

Page 6

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 9).

Page 7

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 April 2024
-
24,000
24,000


Additions
34,285
-
34,285



At 31 March 2025

34,285
24,000
58,285



Amortisation


At 1 April 2024
-
12,000
12,000


Charge for the year on owned assets
-
2,400
2,400



At 31 March 2025

-
14,400
14,400



Net book value



At 31 March 2025
34,285
9,600
43,885



At 31 March 2024
-
12,000
12,000



Page 8

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2024
2,901
8,882
11,783


Additions
-
8,000
8,000



At 31 March 2025

2,901
16,882
19,783



Depreciation


At 1 April 2024
2,213
4,072
6,285


Charge for the year on owned assets
172
1,922
2,094



At 31 March 2025

2,385
5,994
8,379



Net book value



At 31 March 2025
516
10,888
11,404



At 31 March 2024
688
4,810
5,498


6.


Fixed asset investments





Investments

£



Cost or valuation


At 1 April 2024
63,456


Additions
18,000


Disposals
(9,982)



At 31 March 2025
71,474




Page 9

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Stocks

2025
2024
£
£

Finished goods and goods for resale
187,000
170,250

187,000
170,250



8.


Debtors

2025
2024
£
£


Trade debtors
14,474
1,421

Other debtors
84,416
97,365

Prepayments and accrued income
74,000
83,246

172,890
182,032


Included within other debtors is a loan to David King, a director, amounting to £62,500 (2024 - £81,366)




9.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
80
1,863

Less: bank overdrafts
(6,399)
(9,791)

(6,319)
(7,928)


Page 10

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
6,399
9,791

Bank loans
169,504
165,956

Payments received on account
281
282

Trade creditors
95,624
166,413

Corporation tax
21,509
7,591

Other taxation and social security
37,496
10,971

Other creditors
8,708
13,223

Accruals and deferred income
3,736
3,431

343,257
377,658



11.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
142,476
114,772

142,476
114,772



12.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
169,504
165,956

Amounts falling due 1-5 years

Bank loans
142,476
114,772



311,980
280,728


Page 11

 
INTERBUYS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

13.


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 £2,023 (2024 - £981). Contributions totalling £322 (2024 - £383) were payable to the fund at the balance sheet date and are included in creditors.


14.


Controlling party

The Company is controlled by the director, David King, by virtue of his shareholding, as described in the Directors' report.

 
Page 12