Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30truefalse4false2023-06-08falseNo description of principal activity 14922960 2023-06-07 14922960 2023-06-08 2024-06-30 14922960 2024-06-30 14922960 2022-06-08 2023-06-07 14922960 c:Director3 2023-06-08 2024-06-30 14922960 c:Director5 2023-06-08 2024-06-30 14922960 c:RegisteredOffice 2023-06-08 2024-06-30 14922960 d:CurrentFinancialInstruments 2024-06-30 14922960 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14922960 d:ShareCapital 2024-06-30 14922960 d:RetainedEarningsAccumulatedLosses 2024-06-30 14922960 c:FRS102 2023-06-08 2024-06-30 14922960 c:Audited 2023-06-08 2024-06-30 14922960 c:FullAccounts 2023-06-08 2024-06-30 14922960 c:PrivateLimitedCompanyLtd 2023-06-08 2024-06-30 14922960 c:SmallCompaniesRegimeForAccounts 2023-06-08 2024-06-30 14922960 e:PoundSterling 2023-06-08 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 14922960







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 JUNE 2024


INTEGRA METERING UK LIMITED






































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INTEGRA METERING UK LIMITED
 


 
COMPANY INFORMATION


Directors
J Arnold 
D Brunner 




Registered number
14922960



Registered office
89 High Street Hadleigh

Ipswich

Suffolk

IP7 5EA




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


INTEGRA METERING UK LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 


INTEGRA METERING UK LIMITED
REGISTERED NUMBER:14922960



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

30 June
2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
100

  
100

Creditors: amounts falling due within one year
 5 
(17,190)

Net current liabilities
  
 
 
(17,090)

Total assets less current liabilities
  
(17,090)

  

Net liabilities
  
(17,090)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(17,190)

  
(17,090)


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 income statement 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: 




D Brunner
Director

Date: 17 July 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


INTEGRA METERING UK LIMITED
 


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

1.


General information

Integra Metering UK Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The company was incorporated on 8 June 2023, and presents its first set of accounts for the period ended 30 June 2024.

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 financial statements have been prepared on a going concern basis, which assume the Company will continue to trade in operational existence for the foreseeable future. The Company is reliant on its parent company, IM Ultrasonic AG for its source of funding.
According to the latest published financial information, IM Ultrasonic AG had an operating loss and net liabilities as at 31 December 2024. At the same date, it was disclosed that the Group's current business plan anticipates substantial growth over the next five years. Additional financial resources are required for 2025 and 2026 in order to achieve the planned growth. The process of finding an investor is currently underway and the Board of Directors are convinced that an investor will be found who can provide the necessary financial support.
While there are several interested parties, there is no guarantee that the fundraising will complete as required to raise the necessary funds. Should the parent company be unable to raise the necessary funding, this could affect the parent company’s ability to support the Company’s operations.
As a result of the reliance on the parent company, a material uncertainty exists that may cast doubt on the Company's ability to continue as a going concern.
The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern.

 
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.

Page 2

 


INTEGRA METERING UK LIMITED
 


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

2.Accounting policies (continued)

 
2.4

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 related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.


4.


Debtors

2024
£


Amounts owed by group undertakings
100

100



5.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
3,060

Accruals and deferred income
14,130

17,190



6.


Parent company

IM Ultrasonic AG, a company incorporated in Switzerland, is the parent company of the smallest group for which consolidated financial statement are drawn up of which the company is a member. Their registered office is Ringstrasse 75, 4106 Therwil, Switzerland. 

Page 3

 


INTEGRA METERING UK LIMITED
 


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

7.


Auditor's information

The auditor's report on the financial statements for the period ended 30 June 2024 was unqualified.

In their report, the auditor emphasised the following matter without qualifying their report:

We draw your attention to note 2.2 in the financial statements, which indicates that the Company is reliant on the parent company who are in the process of a restructuring and raising additional funding to enable it to continue for the foreseeable future.
As stated in note 2.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.
Our opinion is not modified in respect of this matter.

The audit report was signed on 17 July 2025 by Hezelina Hashim FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 4