3 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 40,310 15,000 55,310 18,205 13,827 32,032 23,278 22,105 xbrli:pure xbrli:shares iso4217:GBP 10255872 2022-07-01 2023-06-30 10255872 2023-06-30 10255872 2022-06-30 10255872 2021-07-01 2022-06-30 10255872 2022-06-30 10255872 core:FurnitureFittings 2022-07-01 2023-06-30 10255872 bus:Director1 2022-07-01 2023-06-30 10255872 core:FurnitureFittings 2022-06-30 10255872 core:FurnitureFittings 2023-06-30 10255872 core:WithinOneYear 2023-06-30 10255872 core:WithinOneYear 2022-06-30 10255872 core:ShareCapital 2023-06-30 10255872 core:ShareCapital 2022-06-30 10255872 core:RetainedEarningsAccumulatedLosses 2023-06-30 10255872 core:RetainedEarningsAccumulatedLosses 2022-06-30 10255872 core:FurnitureFittings 2022-06-30 10255872 bus:Director1 2022-06-30 10255872 bus:Director1 2023-06-30 10255872 bus:Director1 2021-06-30 10255872 bus:Director1 2022-06-30 10255872 bus:SmallEntities 2022-07-01 2023-06-30 10255872 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10255872 bus:FullAccounts 2022-07-01 2023-06-30 10255872 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10255872 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 10255872
Caspian NDT Limited
Filleted Unaudited Financial Statements
30 June 2023
Caspian NDT Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Caspian NDT Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
23,278
22,105
Current assets
Debtors
6
20,867
1,374
Cash at bank and in hand
143,814
125,445
---------
---------
164,681
126,819
Creditors: amounts falling due within one year
7
78,966
88,996
---------
---------
Net current assets
85,715
37,823
---------
--------
Total assets less current liabilities
108,993
59,928
---------
--------
Net assets
108,993
59,928
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
108,893
59,828
---------
--------
Shareholders funds
108,993
59,928
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Caspian NDT Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 8 February 2024 , and are signed on behalf of the board by:
Mr O Anderson
Director
Company registration number: 10255872
Caspian NDT Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 320 London Road, Hazel Grove, Stockport, SK7 4RF, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 July 2022
40,310
Additions
15,000
--------
At 30 June 2023
55,310
--------
Depreciation
At 1 July 2022
18,205
Charge for the year
13,827
--------
At 30 June 2023
32,032
--------
Carrying amount
At 30 June 2023
23,278
--------
At 30 June 2022
22,105
--------
6. Debtors
2023
2022
£
£
Trade debtors
20,867
1,374
--------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
533
1
Corporation tax
30,741
7,948
Social security and other taxes
8,572
4,402
Credit Card
2,191
Other creditors
36,929
76,645
--------
--------
78,966
88,996
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr O Anderson
( 76,345)
40,016
( 36,329)
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr O Anderson
( 76,345)
( 76,345)
--------
----
--------