Caseware UK (AP4) 2021.0.152 2021.0.152 1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2021-01-01falseSale of electronic components1true 10451675 2021-01-01 2021-12-31 10451675 2020-01-01 2020-12-31 10451675 2021-12-31 10451675 2020-12-31 10451675 c:Director1 2021-01-01 2021-12-31 10451675 d:CurrentFinancialInstruments 2021-12-31 10451675 d:CurrentFinancialInstruments 2020-12-31 10451675 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10451675 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 10451675 d:ShareCapital 2021-12-31 10451675 d:ShareCapital 2020-12-31 10451675 d:RetainedEarningsAccumulatedLosses 2021-12-31 10451675 d:RetainedEarningsAccumulatedLosses 2020-12-31 10451675 c:FRS102 2021-01-01 2021-12-31 10451675 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 10451675 c:FullAccounts 2021-01-01 2021-12-31 10451675 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 10451675 d:ManagementRechargesServices 2021-01-01 2021-12-31 10451675 d:ManagementRechargesServices 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 10451675










PEKTRON CM LIMITED








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2021

 
PEKTRON CM LIMITED
Registered number: 10451675

Balance Sheet
As at 31 December 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
155,787
563,469

  
155,787
563,469

Creditors: amounts falling due within one year
 5 
(136,160)
(555,849)

Net current assets
  
 
 
19,627
 
 
7,620

  

Net assets
  
19,627
7,620


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
19,626
7,619

  
19,627
7,620


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 comprehensive income 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 5 September 2022.




Philip Morgan
Director

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

Page 1

 
PEKTRON CM LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2021

1.


General information

 The Company is a limited liability company and is incorporated in the United Kingdom and registered in England and Wales. Details of the Company's registered address are included on the Company information page. The Company's principal activity is included in the directors' report.
The financial statements have been rounded to the nearest £.

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 the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have not considered necessary to prepare formal forecasts for the Company as it will continued to be supported by its main supplier, a company which is under common control.
The directors, therefore, consider that they have a reasonable expectation that the Company had adequate resources to continue in operational existence for the foreseeable future, for a variety of potential scenarios. The Company therefore, continues to adopt the going concern basis in preparing its financial statements. 

 
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 Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
PEKTRON CM LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2021

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:

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.

Revenue is recognised on the despatch of goods.

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).



 

Page 3

 
PEKTRON CM LIMITED
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2021

4.


Debtors

2021
2020
£
£


Trade debtors
89,290
470,176

Other debtors
66,497
93,293

155,787
563,469



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
2,816
1,787

Other creditors
132,344
553,062

Accruals and deferred income
1,000
1,000

136,160
555,849



6.


Related party transactions

The other creditor of £132,334 (2020: £553,062) relates to amounts owed to a company under common control. The company made purchases of £1,684,273 (2020: £672,296) from this company during the year.
The Company paid management charges to this company during the year of £26,045 (2020: £10,396). 


7.


Controlling party

At the balance sheetdate the ultimate controlling party was Hoopoe Capital LLP by virture of owning 100% of the company's ordinary share capital.


Page 4