Caseware UK (AP4) 2023.0.135 2023.0.135 2022-07-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00497601 2022-07-01 2023-06-30 00497601 2021-07-01 2022-06-30 00497601 2023-06-30 00497601 2022-06-30 00497601 c:Director1 2022-07-01 2023-06-30 00497601 d:ComputerEquipment 2022-07-01 2023-06-30 00497601 d:ComputerEquipment 2023-06-30 00497601 d:ComputerEquipment 2022-06-30 00497601 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 00497601 d:CurrentFinancialInstruments 2023-06-30 00497601 d:CurrentFinancialInstruments 2022-06-30 00497601 d:Non-currentFinancialInstruments 2023-06-30 00497601 d:Non-currentFinancialInstruments 2022-06-30 00497601 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00497601 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 00497601 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 00497601 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 00497601 d:ShareCapital 2023-06-30 00497601 d:ShareCapital 2022-06-30 00497601 d:RetainedEarningsAccumulatedLosses 2023-06-30 00497601 d:RetainedEarningsAccumulatedLosses 2022-06-30 00497601 c:FRS102 2022-07-01 2023-06-30 00497601 c:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 00497601 c:FullAccounts 2022-07-01 2023-06-30 00497601 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 00497601










Captain Charles Currey Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2023

 
Captain Charles Currey Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Captain Charles Currey Limited for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Captain Charles Currey Limited for the year ended 30 June 2023 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 director of Captain Charles Currey Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Captain Charles Currey Limited  and state those matters that we have agreed to state to the director of Captain Charles Currey Limited 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 Captain Charles Currey Limited and its director for our work or for this report. 

It is your duty to ensure that Captain Charles Currey 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 Captain Charles Currey Limited. You consider that Captain Charles Currey Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Captain Charles Currey 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.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
19 February 2024
Page 1

 
Captain Charles Currey Limited
Registered number: 00497601

Balance Sheet
As at 30 June 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible Fixed Assets
 4 
945
1,410

  
945
1,410

Current assets
  

Stocks
  
91,062
42,920

Debtors: amounts falling due within one year
 5 
47,402
72,157

Cash at bank and in hand
  
5,470
16,126

  
143,934
131,203

Creditors: amounts falling due within one year
 6 
(85,313)
(57,114)

Net current assets
  
 
 
58,621
 
 
74,089

Total assets less current liabilities
  
59,566
75,499

Creditors: amounts falling due after more than one year
 7 
(46,652)
(55,915)

  

Net assets
  
12,914
19,584


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
12,814
19,484

  
12,914
19,584


Page 2

 
Captain Charles Currey Limited
Registered number: 00497601

Balance Sheet (continued)
As at 30 June 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 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 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 by: 




C A Currey
Director

Date: 19 February 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Captain Charles Currey Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2023

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales. 
The registered office address is:
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

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.

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.

Page 4

 
Captain Charles Currey Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

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:

Computer equipment
-
33%
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.

 
2.6

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 balance sheet 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.

 
2.7

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.

Page 5

 
Captain Charles Currey Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
Captain Charles Currey Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2023

3.


Employees

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


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2022
1,410



At 30 June 2023

1,410



Depreciation


Charge for the year on owned assets
465



At 30 June 2023

465



Net book value



At 30 June 2023
945



At 30 June 2022
1,410

Page 7

 
Captain Charles Currey Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2023

5.


Debtors

2023
2022
£
£


Trade debtors
22,632
53,362

Other debtors
10,370
4,395

Prepayments and accrued income
14,400
14,400

47,402
72,157



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,710
7,500

Trade creditors
75,167
45,991

Corporation tax
-
1,220

Accruals and deferred income
2,436
2,403

85,313
57,114



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
6,847
14,578

Other creditors
39,805
41,337

46,652
55,915



Page 8