Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01falsepromoting Cambridge as centre of excellence for wireless technologies expertise by bringing together a wide range of member companies from inside and outside the region who share this objective.129truefalse 06529916 2022-10-01 2023-09-30 06529916 2021-10-01 2022-09-30 06529916 2023-09-30 06529916 2022-09-30 06529916 c:Director3 2022-10-01 2023-09-30 06529916 d:OfficeEquipment 2022-10-01 2023-09-30 06529916 d:OfficeEquipment 2023-09-30 06529916 d:OfficeEquipment 2022-09-30 06529916 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 06529916 d:CurrentFinancialInstruments 2023-09-30 06529916 d:CurrentFinancialInstruments 2022-09-30 06529916 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06529916 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 06529916 d:OtherMiscellaneousReserve 2023-09-30 06529916 d:OtherMiscellaneousReserve 2022-09-30 06529916 d:RetainedEarningsAccumulatedLosses 2023-09-30 06529916 d:RetainedEarningsAccumulatedLosses 2022-09-30 06529916 c:FRS102 2022-10-01 2023-09-30 06529916 c:Audited 2022-10-01 2023-09-30 06529916 c:FullAccounts 2022-10-01 2023-09-30 06529916 c:CompanyLimitedByGuarantee 2022-10-01 2023-09-30 06529916 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 06529916 d:KeyManagementIndividualGroup1 2022-10-01 2023-09-30 06529916 d:KeyManagementIndividualGroup1 2021-10-01 2022-09-30 06529916 d:KeyManagementIndividualGroup2 2022-10-01 2023-09-30 06529916 d:KeyManagementIndividualGroup2 2021-10-01 2022-09-30 06529916 d:KeyManagementIndividualGroup4 2022-10-01 2023-09-30 06529916 d:KeyManagementIndividualGroup4 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure

Registered number: 06529916









CAMBRIDGE WIRELESS LIMITED
(A Company Limited by Guarantee)









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
CAMBRIDGE WIRELESS LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06529916

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
18,649
7,554

  
18,649
7,554

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
413,736
783,333

Current asset investments
  
-
11,540

Cash at bank and in hand
  
417,290
450,320

  
831,026
1,245,193

Creditors: amounts falling due within one year
 6 
(504,021)
(985,744)

NET CURRENT ASSETS
  
 
 
327,005
 
 
259,449

TOTAL ASSETS LESS CURRENT LIABILITIES
  
345,654
267,003

  

NET ASSETS
  
345,654
267,003


CAPITAL AND RESERVES
  

Other reserves
  
14,375
14,375

Profit and loss account
  
331,279
252,628

  
345,654
267,003


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: 



C F Bruce
Director

Date: 26 March 2024

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


GENERAL INFORMATION

Cambridge Wireless Limited is a private company limited by guarantee incorporated in England and Wales. Its registered office is The Bradfield Centre, 184 Cambridge Science Park, Milton Road, CB4 0GA.

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

GOING CONCERN

The directors have cash flow forecasts up until September 2026, taking into account a range of outcomes. The directors have a reasonable expectation that the Company will continue in operational existence and have sufficient resources to meet its liabilities as they fall due for the foreseeable future. They therefore continue to adopt the going concern basis in  preparing these financial statements.

 
2.3

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.

Page 2

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

REVENUE RECOGNITION

Turnover comprises revenue recognised by the company in respect of membership fees receivable, event income and the related sponsorship fees receivable, project income and grants receivable, exclusive of Value Added Tax.
The relevant proportion of any membership subscriptions entered into for a twelve month period, which fall into the following financial period, have been carried forward on the balance sheet as deferred income. 
Any event income and the related sponsorship fees for events which fall into the following period have also been carried forward on the balance sheet as deferred income. 
Project income and grant income is recognised as the risks and rewards of the project are passed based on the milestones achieved together with associated costs for project recognised in the same period.

 
2.5

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.

 
2.6

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.7

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.

 
2.8

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

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.8
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
-
25% to 33%

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 12 (2022 -9).

Page 4

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


TANGIBLE FIXED ASSETS





Office equipment

£



COST OR VALUATION


At 1 October 2022
83,695


Additions
17,593



At 30 September 2023

101,288



DEPRECIATION


At 1 October 2022
76,141


Charge for the year on owned assets
6,498



At 30 September 2023

82,639



NET BOOK VALUE



At 30 September 2023
18,649



At 30 September 2022
7,554


5.


DEBTORS

2023
2022
£
£


Trade debtors
298,707
340,423

Other debtors
90,193
250,938

Prepayments and accrued income
24,836
191,972

413,736
783,333


Page 5

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
252,859
297,283

Other taxation and social security
22,500
9,047

Other creditors
15,201
4,124

Accruals and deferred income
213,461
675,290

504,021
985,744




7.


COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


8.


RELATED PARTY TRANSACTIONS

Stephen Unger is a director of Cambridge Wireless and also a director of Stephen Unger Consulting. There was membership income in the year of £198 (2022: £198) with Stephen Unger Consulting Ltd.

Chris Bruce is a director of Cambridge Wireless and also a director of Chris Bruce Consulting. There was expenditure in the year of £26,462 (2022: £156) with Chris Bruce Consulting.

Ann Bailey was a director of Cambridge Wireless within the financial year. There was event income in the year of £150 (2022: £0). Ann Bailey is also a director of Cambridge Tech Week Limited. There was consulting expenditure in the year of £20,000 (2022: £0) with Cambridge Tech Week Ltd


9.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 September 2023 was unqualified.

The audit report was signed on 26 March 2024 by Michael Hewett (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.

 
Page 6