Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseSound Technology00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09408007 2022-04-01 2023-03-31 09408007 2021-04-01 2022-03-31 09408007 2023-03-31 09408007 2022-03-31 09408007 c:Director1 2022-04-01 2023-03-31 09408007 d:PlantMachinery 2022-04-01 2023-03-31 09408007 d:PlantMachinery 2023-03-31 09408007 d:PlantMachinery 2022-03-31 09408007 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09408007 d:OfficeEquipment 2022-04-01 2023-03-31 09408007 d:OfficeEquipment 2023-03-31 09408007 d:OfficeEquipment 2022-03-31 09408007 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09408007 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09408007 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 09408007 d:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 09408007 d:CurrentFinancialInstruments 2023-03-31 09408007 d:CurrentFinancialInstruments 2022-03-31 09408007 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09408007 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09408007 d:ShareCapital 2023-03-31 09408007 d:ShareCapital 2022-03-31 09408007 d:RetainedEarningsAccumulatedLosses 2023-03-31 09408007 d:RetainedEarningsAccumulatedLosses 2022-03-31 09408007 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09408007 c:OrdinaryShareClass1 2023-03-31 09408007 c:OrdinaryShareClass1 2022-03-31 09408007 c:FRS102 2022-04-01 2023-03-31 09408007 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09408007 c:FullAccounts 2022-04-01 2023-03-31 09408007 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09408007 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09408007









CAMBRIDGE SOUND TECHNOLOGIES UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CAMBRIDGE SOUND TECHNOLOGIES UK LIMITED
REGISTERED NUMBER: 09408007

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

FIXED ASSETS
  

Intangible assets
 4 
13,252
15,096

Tangible assets
 5 
2,125
11,583

  
15,377
26,679

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
45,616
48,409

Cash at bank and in hand
  
45,634
76,505

  
91,250
124,914

Creditors: amounts falling due within one year
 7 
(19,814)
(21,975)

NET CURRENT ASSETS
  
 
 
71,436
 
 
102,939

  

NET ASSETS
  
86,813
129,618


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1
1

Profit and loss account
  
86,812
129,617

  
86,813
129,618


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 his 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.

Page 1

 
CAMBRIDGE SOUND TECHNOLOGIES UK LIMITED
REGISTERED NUMBER: 09408007
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C Aston-James
Director

Date: 21 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CAMBRIDGE SOUND TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

Cambridge Sound Technologies UK Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The principal place of business is The Granary, Little Bradley, Haverhill, CB9 7JG.

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

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.

 
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.
Revenue for consultancy fees is recognised over the period in which the services are delivered. Revenue from licensing fees is recognised only when it is probable that the fee will be received, which is when the Company receives confirmation from the licensee that the conditions of the underlying agreement have been met.

 
2.4

RESEARCH AND DEVELOPMENT

Research and development expenditure is written off in the year in which it is incurred.

Page 3

 
CAMBRIDGE SOUND TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
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

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.

 
2.7

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.

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:

Plant and machinery
-
3 years
Furniture and equipment
-
3 years

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.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

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.

Page 4

 
CAMBRIDGE SOUND TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

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.

 
2.11

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.


EMPLOYEES

The Company has no employees other than the director, who did not receive any remuneration (2022 - £NIL).


4.


INTANGIBLE ASSETS




Patents

£



COST


At 1 April 2022
18,440



At 31 March 2023

18,440



AMORTISATION


At 1 April 2022
3,344


Charge for the year on owned assets
1,844



At 31 March 2023

5,188



NET BOOK VALUE



At 31 March 2023
13,252



At 31 March 2022
15,096



Page 5

 
CAMBRIDGE SOUND TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


TANGIBLE FIXED ASSETS





Plant and machinery
Furniture and equipment
Total

£
£
£



COST


At 1 April 2022
10,500
18,575
29,075


Additions
-
346
346



At 31 March 2023

10,500
18,921
29,421



DEPRECIATION


At 1 April 2022
7,000
10,492
17,492


Charge for the year on owned assets
3,500
6,304
9,804



At 31 March 2023

10,500
16,796
27,296



NET BOOK VALUE



At 31 March 2023
-
2,125
2,125



At 31 March 2022
3,500
8,083
11,583


6.


DEBTORS

2023
2022
£
£


Trade debtors
19,988
29,968

Other debtors
4,408
11,891

Prepayments and accrued income
21,220
6,550

45,616
48,409


Page 6

 
CAMBRIDGE SOUND TECHNOLOGIES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
1,972
1,426

Corporation tax
3,891
11,732

Other taxation and social security
-
5,167

Other creditors
9,096
-

Accruals and deferred income
4,855
3,650

19,814
21,975



8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2022 - 1) Ordinary share of £1
1
1


 
Page 7