Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30942372022-07-01falseNo description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09085204 2022-07-01 2023-06-30 09085204 2021-07-01 2022-06-30 09085204 2023-06-30 09085204 2022-06-30 09085204 c:Director2 2022-07-01 2023-06-30 09085204 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-06-30 09085204 d:Buildings d:ShortLeaseholdAssets 2023-06-30 09085204 d:Buildings d:ShortLeaseholdAssets 2022-06-30 09085204 d:PlantMachinery 2022-07-01 2023-06-30 09085204 d:PlantMachinery 2023-06-30 09085204 d:PlantMachinery 2022-06-30 09085204 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09085204 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 09085204 d:MotorVehicles 2022-07-01 2023-06-30 09085204 d:MotorVehicles 2023-06-30 09085204 d:MotorVehicles 2022-06-30 09085204 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09085204 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 09085204 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09085204 d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 09085204 d:Goodwill 2022-07-01 2023-06-30 09085204 d:Goodwill 2023-06-30 09085204 d:Goodwill 2022-06-30 09085204 d:CurrentFinancialInstruments 2023-06-30 09085204 d:CurrentFinancialInstruments 2022-06-30 09085204 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09085204 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09085204 d:ShareCapital 2023-06-30 09085204 d:ShareCapital 2022-06-30 09085204 d:RetainedEarningsAccumulatedLosses 2023-06-30 09085204 d:RetainedEarningsAccumulatedLosses 2022-06-30 09085204 c:FRS102 2022-07-01 2023-06-30 09085204 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09085204 c:FullAccounts 2022-07-01 2023-06-30 09085204 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09085204 2 2022-07-01 2023-06-30 09085204 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 09085204 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 09085204










CERATECH ACCURATUS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CERATECH ACCURATUS LIMITED
REGISTERED NUMBER: 09085204

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible fixed assets
 5 
94,273
84,705

  
94,273
84,705

Current assets
  

Stocks
  
423,227
354,572

Debtors: amounts falling due within one year
 6 
161,585
137,452

Cash at bank and in hand
  
62,457
115,362

  
647,269
607,386

Creditors: amounts falling due within one year
 7 
(156,427)
(141,328)

Net current assets
  
 
 
490,842
 
 
466,058

Total assets less current liabilities
  
585,115
550,763

Provisions for liabilities
  

Deferred tax
  
(6,716)
(7,971)

Net assets
  
578,399
542,792


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
578,299
542,692

  
578,399
542,792

Page 1

 
CERATECH ACCURATUS LIMITED
REGISTERED NUMBER: 09085204
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

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 by: 




J A Hodge
Director

Date: 20 October 2023

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
CERATECH ACCURATUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Ceratech Accuratus Limited (09085204) is a private company limited by shares and incorporated in England and Wales. Its registered office is: Unit 4 Ashbridge Business Park Forge Road, Kingsley, Bordon, GU35 9LW

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 financial statements are prepared in GBP rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

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

 
CERATECH ACCURATUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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:

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.

 
2.4

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.

 
2.5

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

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CERATECH ACCURATUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

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.

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

 
2.9

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.

 
2.10

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

 
CERATECH ACCURATUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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:

Short-term leasehold property
-
Over the life for the lease
Plant and machinery
-
20% Straight line
Motor vehicles
-
25% Straight line

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.

 
2.11

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 reporting 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.

 
2.12

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.

 
2.13

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.

 
2.14

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

 
CERATECH ACCURATUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 7

 
CERATECH ACCURATUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2022
26,622



At 30 June 2023

26,622



Amortisation


At 1 July 2022
26,622



At 30 June 2023

26,622



Net book value



At 30 June 2023
-



At 30 June 2022
-



Page 8

 
CERATECH ACCURATUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 July 2022
47,115
135,801
43,915
226,831


Additions
-
21,735
17,345
39,080


Disposals
-
(8,924)
-
(8,924)



At 30 June 2023

47,115
148,612
61,260
256,987



Depreciation


At 1 July 2022
9,423
89,610
43,093
142,126


Charge for the year on owned assets
9,423
14,934
-
24,357


Charge for the year on financed assets
-
-
5,155
5,155


Disposals
-
(8,924)
-
(8,924)



At 30 June 2023

18,846
95,620
48,248
162,714



Net book value



At 30 June 2023
28,269
52,992
13,012
94,273



At 30 June 2022
37,692
46,191
822
84,705

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
13,012
822

Page 9

 
CERATECH ACCURATUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
121,197
95,611

Other debtors
12,506
12,506

Prepayments and accrued income
27,882
29,335

161,585
137,452


Ceratech Accuratus Limited factored a number of their debtor balances with Lloyds Bank Plc. The advances received have been netted off the debtor balances as noted above.


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
81,085
42,014

Corporation tax
8,448
18,633

Other taxation and social security
44,402
50,922

Obligations under finance lease and hire purchase contracts
12,321
4,126

Other creditors
2,362
3,000

Accruals and deferred income
7,809
22,633

156,427
141,328


 
Page 10