Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30true2022-10-01falseConsultancy Services11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09758512 2022-10-01 2023-09-30 09758512 2021-10-01 2022-09-30 09758512 2023-09-30 09758512 2022-09-30 09758512 c:Director1 2022-10-01 2023-09-30 09758512 d:OfficeEquipment 2022-10-01 2023-09-30 09758512 d:OfficeEquipment 2023-09-30 09758512 d:OfficeEquipment 2022-09-30 09758512 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 09758512 d:ComputerEquipment 2022-10-01 2023-09-30 09758512 d:ComputerEquipment 2023-09-30 09758512 d:ComputerEquipment 2022-09-30 09758512 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 09758512 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 09758512 d:CurrentFinancialInstruments 2023-09-30 09758512 d:CurrentFinancialInstruments 2022-09-30 09758512 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09758512 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 09758512 d:ShareCapital 2023-09-30 09758512 d:ShareCapital 2022-09-30 09758512 d:RetainedEarningsAccumulatedLosses 2023-09-30 09758512 d:RetainedEarningsAccumulatedLosses 2022-09-30 09758512 c:FRS102 2022-10-01 2023-09-30 09758512 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09758512 c:FullAccounts 2022-10-01 2023-09-30 09758512 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09758512 2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 09758512









CAMESCO LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
CAMESCO LTD
REGISTERED NUMBER: 09758512

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
267
1,510

  
267
1,510

Current assets
  

Debtors: amounts falling due within one year
 6 
11,794
10,690

Cash at bank and in hand
 7 
81,047
71,456

  
92,841
82,146

Creditors: amounts falling due within one year
 8 
(18,540)
(16,740)

Net current assets
  
 
 
74,301
 
 
65,406

Total assets less current liabilities
  
74,568
66,916

Provisions for liabilities
  

Deferred tax
  
-
(378)

  
 
 
-
 
 
(378)

Net assets
  
74,568
66,538


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
74,468
66,438

  
74,568
66,538


Page 1

 
CAMESCO LTD
REGISTERED NUMBER: 09758512
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The Director considers 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 Director acknowledges her 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 by: 




L MacInnes
Director

Date: 8 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CAMESCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Camesco Ltd is a company limited by shares and incorporated in England & Wales under the Companies
Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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

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.

 
2.3

Interest income

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

 
2.4

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 3

 
CAMESCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.4
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:

Office equipment
-
3 years straight line
Computer equipment
-
3 years 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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 balance sheet 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 Balance Sheet.

Page 4

 
CAMESCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 October 2022
1,598
5,096
6,694



At 30 September 2023

1,598
5,096
6,694



Depreciation


At 1 October 2022
1,482
3,702
5,184


Charge for the year on owned assets
116
1,127
1,243



At 30 September 2023

1,598
4,829
6,427



Net book value



At 30 September 2023
-
267
267



At 30 September 2022
116
1,394
1,510

Page 5

 
CAMESCO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Prepayments and accrued income
11,794
10,690

11,794
10,690



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
81,047
71,456

81,047
71,456



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
12,125
10,413

Other taxation and social security
4,128
4,250

Other creditors
2,287
2,077

18,540
16,740



9.


Related party transactions

In other creditors there is a Director's loan of £1,010 (2022: £1,010) provided to the company. Interest of 0% is paid on this loan and it is repayable on demand.

 
Page 6