Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-302025-04-302024-01-01false414truefalsemarket research servicestrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03752827 2024-01-01 2025-04-30 03752827 2023-04-01 2023-12-31 03752827 2025-04-30 03752827 2023-12-31 03752827 c:Director7 2024-01-01 2025-04-30 03752827 d:CurrentFinancialInstruments 2025-04-30 03752827 d:CurrentFinancialInstruments 2023-12-31 03752827 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 03752827 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03752827 d:ShareCapital 2025-04-30 03752827 d:ShareCapital 2023-12-31 03752827 d:SharePremium 2025-04-30 03752827 d:SharePremium 2023-12-31 03752827 d:RetainedEarningsAccumulatedLosses 2025-04-30 03752827 d:RetainedEarningsAccumulatedLosses 2023-12-31 03752827 c:OrdinaryShareClass1 2024-01-01 2025-04-30 03752827 c:OrdinaryShareClass1 2025-04-30 03752827 c:OrdinaryShareClass1 2023-12-31 03752827 c:OrdinaryShareClass2 2024-01-01 2025-04-30 03752827 c:OrdinaryShareClass2 2025-04-30 03752827 c:OrdinaryShareClass2 2023-12-31 03752827 c:OrdinaryShareClass3 2024-01-01 2025-04-30 03752827 c:OrdinaryShareClass3 2025-04-30 03752827 c:OrdinaryShareClass3 2023-12-31 03752827 c:FRS102 2024-01-01 2025-04-30 03752827 c:AuditExemptWithAccountantsReport 2024-01-01 2025-04-30 03752827 c:FullAccounts 2024-01-01 2025-04-30 03752827 c:PrivateLimitedCompanyLtd 2024-01-01 2025-04-30 03752827 2 2024-01-01 2025-04-30 03752827 e:PoundSterling 2024-01-01 2025-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03752827










DIPSTICKS RESEARCH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2025

 
DIPSTICKS RESEARCH LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DIPSTICKS RESEARCH LIMITED
FOR THE PERIOD ENDED 30 APRIL 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dipsticks Research Limited for the period ended 30 April 2025 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 Dipsticks Research Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Dipsticks Research Limited and state those matters that we have agreed to state to the Board of Directors of Dipsticks Research Limited, 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 Dipsticks Research Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Dipsticks Research Limited 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 Dipsticks Research Limited. You consider that Dipsticks Research Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Dipsticks Research Limited. 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.

  



Kinnair Associates Limited
 
Chartered Accountants
  
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
16 July 2025
Page 1

 
DIPSTICKS RESEARCH LIMITED
REGISTERED NUMBER: 03752827

BALANCE SHEET
AS AT 30 APRIL 2025

30 April
31 December
2025
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
3,845,867

  
-
3,845,867

Creditors: amounts falling due within one year
 5 
-
(648,618)

Net current assets
  
 
 
-
 
 
3,197,249

Total assets less current liabilities
  
-
3,197,249

  

Net assets
  
-
3,197,249


Capital and reserves
  

Called up share capital 
 6 
104
104

Share premium account
  
364,727
364,727

Profit and loss account
  
(364,831)
2,832,418

  
-
3,197,249


Page 2

 
DIPSTICKS RESEARCH LIMITED
REGISTERED NUMBER: 03752827
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 period 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 16 July 2025.




Mr M I Beck
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
DIPSTICKS RESEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025

1.


General information

Dipsticks Research Limited is a private limited company limited by shares and incorporated in England & Wales with company registration number 03752827. The registered office is located at Northern Design Centre  Design Activity Ground Floor, Abbots Hill, Baltic Business Quarter, Gateshead, Tyne & Wear, NE8 3DF.

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 financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has net current assets as disclosed on the balance sheet and remains profitable. At the time of approving the financial statements and after giving due consideration to the possible effects of the COVID-19 pandemic, the directors have a reasonable expectation that the company will have adequate resources to continue to trade for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis when preparing the annual report and accounts.

 
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:

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

Interest income

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

Page 4

 
DIPSTICKS RESEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.


 
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

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
DIPSTICKS RESEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025

3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2023 - 41).


4.


Debtors

30 April
31 December
2025
2023
£
£


Amounts owed by group undertakings
-
3,246,870

Tax recoverable
-
598,997

-
3,845,867



5.


Creditors: Amounts falling due within one year

30 April
31 December
2025
2023
£
£

Amounts owed to group undertakings
-
73,744

Other creditors
-
574,874

-
648,618



6.


Share capital

30 April
31 December
2025
2023
£
£
Allotted, called up and fully paid



800 (2023 - 800) Ordinary shares of £0.10 each
80.00
80.00
36 (2023 - 36) Ordinary A shares of £0.10 each
3.60
3.60
200 (2023 - 200) Ordinary B shares of £0.10 each
20.00
20.00

103.60

103.60


Page 6

 
DIPSTICKS RESEARCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025

7.


Controlling party

Norstat UK Limited, a private limited company registered in England and Wales, holds 100% of the share capital of the company.
Norstat UK Limited's immediate parent entity is Norstat AS, a company registered in Norway. Norstat AS is ultimately owned by Nemas Holdco AS which is the smallest group to prepare consolidated financial statements that include the results and balances of Norstat UK Limited. These consolidated financial statements are publicly available but can also be obtained upon request to the directors. 
The largest undertaking to include the results of Norstat UK Limited is Nemas Holdco AS.
In the opinion of the directors, the company's ultimate controlling party is Nemas Holdco AS.

 
Page 7