Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-222023-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-06-01false1311falsetrue 08075484 2022-06-01 2023-05-31 08075484 2023-05-31 08075484 2021-06-01 2022-05-31 08075484 2022-05-31 08075484 c:Director1 2022-06-01 2023-05-31 08075484 c:Director2 2022-06-01 2023-05-31 08075484 c:Director3 2022-06-01 2023-05-31 08075484 c:Director4 2022-06-01 2023-05-31 08075484 c:Director4 2023-05-31 08075484 c:RegisteredOffice 2022-06-01 2023-05-31 08075484 d:Buildings d:ShortLeaseholdAssets 2022-06-01 2023-05-31 08075484 d:Buildings d:ShortLeaseholdAssets 2023-05-31 08075484 d:Buildings d:ShortLeaseholdAssets 2022-05-31 08075484 d:PlantMachinery 2022-06-01 2023-05-31 08075484 d:PlantMachinery 2023-05-31 08075484 d:PlantMachinery 2022-05-31 08075484 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08075484 d:ComputerEquipment 2022-06-01 2023-05-31 08075484 d:ComputerEquipment 2023-05-31 08075484 d:ComputerEquipment 2022-05-31 08075484 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08075484 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08075484 d:CurrentFinancialInstruments 2023-05-31 08075484 d:CurrentFinancialInstruments 2022-05-31 08075484 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08075484 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08075484 d:ShareCapital 2023-05-31 08075484 d:ShareCapital 2022-05-31 08075484 d:RetainedEarningsAccumulatedLosses 2023-05-31 08075484 d:RetainedEarningsAccumulatedLosses 2022-05-31 08075484 c:FRS102 2022-06-01 2023-05-31 08075484 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08075484 c:FullAccounts 2022-06-01 2023-05-31 08075484 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Company registration number: 08075484







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023


RESONATE INTERIORS LIMITED






































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RESONATE INTERIORS LIMITED
 


 
COMPANY INFORMATION


Directors
P C Bonser 
M J Sussex 
N Smith 
S M Nash (resigned 22 May 2023)




Registered number
08075484



Registered office
Midas House
62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


RESONATE INTERIORS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6

 


RESONATE INTERIORS LIMITED
REGISTERED NUMBER:08075484



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
81,744
102,431

  
81,744
102,431

Current assets
  

Debtors: amounts falling due within one year
 5 
215,670
369,024

Cash at bank and in hand
  
55,683
204,294

  
271,353
573,318

Creditors: amounts falling due within one year
 6 
(137,039)
(266,992)

Net current assets
  
 
 
134,314
 
 
306,326

Total assets less current liabilities
  
216,058
408,757

Provisions for liabilities
  

Deferred tax
  
(6,004)
(13,007)

  
 
 
(6,004)
 
 
(13,007)

Net assets
  
210,054
395,750


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
210,053
395,749

  
210,054
395,750

Page 1

 


RESONATE INTERIORS LIMITED
REGISTERED NUMBER:08075484


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The directors consider 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 directors acknowledge their 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.

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


................................................
P C Bonser
Director

Date: 21 February 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Resonate Interiors Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page. The principal place of business is Suite 5, The Sanctuary, 23 Oak Hill Grove, Surbiton, Surrey. KT6 6DU.
The Companys's functional and presentational currency is GBP.

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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold improvements
-
Over 3 years straight line
Plant and machinery
-
20%
Computer equipment
-
20%

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.8

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 average monthly number of employees, including directors, during the year was 13 (2022 - 11).


4.


Tangible fixed assets





Leasehold improvement
Plant and machinery
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2022
93,564
34,036
43,087
170,687


Additions
12,825
-
9,706
22,531



At 31 May 2023

106,389
34,036
52,793
193,218



Depreciation


At 1 June 2022
25,325
28,065
14,866
68,256


Charge for the year on owned assets
34,891
1,267
7,060
43,218



At 31 May 2023

60,216
29,332
21,926
111,474



Net book value



At 31 May 2023
46,173
4,704
30,867
81,744



At 31 May 2022
68,239
5,971
28,221
102,431







Page 5

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
174,306
333,729

Other debtors
5,750
5,750

Prepayments and accrued income
35,614
29,545

215,670
369,024



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
19,900

Trade creditors
26,091
55,158

Corporation tax
26,831
44,042

Other taxation and social security
66,012
132,542

Other creditors
12,830
9,142

Accruals and deferred income
5,275
6,208

137,039
266,992


 
Page 6