Caseware UK (AP4) 2023.0.135 2023.0.135 true102022-07-01falseNo description of principal activity10trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06472808 2022-07-01 2023-06-30 06472808 2021-07-01 2022-06-30 06472808 2023-06-30 06472808 2022-06-30 06472808 c:Director1 2022-07-01 2023-06-30 06472808 d:Buildings d:ShortLeaseholdAssets 2022-07-01 2023-06-30 06472808 d:Buildings d:ShortLeaseholdAssets 2023-06-30 06472808 d:Buildings d:ShortLeaseholdAssets 2022-06-30 06472808 d:MotorVehicles 2022-07-01 2023-06-30 06472808 d:OfficeEquipment 2022-07-01 2023-06-30 06472808 d:OfficeEquipment 2023-06-30 06472808 d:OfficeEquipment 2022-06-30 06472808 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06472808 d:ComputerEquipment 2022-07-01 2023-06-30 06472808 d:ComputerEquipment 2023-06-30 06472808 d:ComputerEquipment 2022-06-30 06472808 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06472808 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 06472808 d:CurrentFinancialInstruments 2023-06-30 06472808 d:CurrentFinancialInstruments 2022-06-30 06472808 d:Non-currentFinancialInstruments 2023-06-30 06472808 d:Non-currentFinancialInstruments 2022-06-30 06472808 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06472808 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 06472808 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 06472808 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 06472808 d:ShareCapital 2023-06-30 06472808 d:ShareCapital 2022-06-30 06472808 d:RetainedEarningsAccumulatedLosses 2023-06-30 06472808 d:RetainedEarningsAccumulatedLosses 2022-06-30 06472808 c:OrdinaryShareClass1 2022-07-01 2023-06-30 06472808 c:OrdinaryShareClass1 2023-06-30 06472808 c:OrdinaryShareClass1 2022-06-30 06472808 c:FRS102 2022-07-01 2023-06-30 06472808 c:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 06472808 c:FullAccounts 2022-07-01 2023-06-30 06472808 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 06472808 2 2022-07-01 2023-06-30 06472808 6 2022-07-01 2023-06-30 06472808 7 2022-07-01 2023-06-30 06472808 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06472808










Amelix Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2023

 
Amelix Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Amelix 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 Amelix 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 Board of directors of Amelix Limited, as a body, in accordance with the terms of our engagement letter dated 23 January 2023Our work has been undertaken solely to prepare for your approval the financial statements of Amelix Limited and state those matters that we have agreed to state to the Board of directors of Amelix Limited, as a body, 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 Amelix Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Amelix 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 Amelix Limited. You consider that Amelix 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 Amelix 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
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
8 March 2024
Page 1

 
Amelix Limited
Registered number: 06472808

Balance sheet
As at 30 June 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible Fixed Assets
 4 
25,303
30,870

Investments
 5 
225
225

  
25,528
31,095

Current assets
  

Debtors: amounts falling due within one year
 6 
88,398
93,045

Bank and cash balances
  
194
194

  
88,592
93,239

Creditors: amounts falling due within one year
 7 
(69,512)
(59,732)

Net current assets
  
 
 
19,080
 
 
33,507

Total assets less current liabilities
  
44,608
64,602

Creditors: amounts falling due after more than one year
 8 
(19,168)
(29,169)

  

Net assets
  
25,440
35,433


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
25,340
35,333

  
25,440
35,433


Page 2

 
Amelix Limited
Registered number: 06472808

Balance sheet (continued)
As at 30 June 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: 


Mr L Hurst
Director
Date: 8 March 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
Amelix Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

1.


General information

Amelix Limited is a private company limited by shares and incorporated in England with registration number 06472808.The registered office of the company is 67 John Wilson Business Park, Harvey Drive, Whitstable, Kent, CT5 3QT.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are rounded to the nearest pound.
The company's functional and presentation currency is Pounds Sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

 
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. 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

 
Amelix Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

2.Accounting policies (continued)

 
2.4

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 Statement of income and retained earnings in the same period as the related expenditure.

 
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, on the following basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Straight line over the life of the lease
Motor vehicles
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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.

 
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.

Page 5

 
Amelix Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

2.Accounting policies (continued)

 
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

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.

 
2.11

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.

 
2.12

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.15

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.16

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

Page 6

 
Amelix Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

2.Accounting policies (continued)

 
2.17

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Page 7

 
Amelix Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

2.Accounting policies (continued)


2.17
Financial instruments (continued)

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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 8

 
Amelix Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

4.


Tangible fixed assets





Short-term leasehold property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
44,577
40,644
59,422
144,643



At 30 June 2023

44,577
40,644
59,422
144,643



Depreciation


At 1 July 2022
21,612
39,244
52,917
113,773


Charge for the year on owned assets
3,566
350
1,652
5,568



At 30 June 2023

25,178
39,594
54,569
119,341



Net book value



At 30 June 2023
19,399
1,050
4,853
25,302



At 30 June 2022
22,965
1,400
6,505
30,870


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Total

£
£
£



Cost or valuation


At 1 July 2022
100
125
225



At 30 June 2023
100
125
225





6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
11,800
10,990

Amounts owed by joint ventures and associated undertakings
4,366
8,603

Other debtors
72,232
73,452

88,398
93,045


Page 9

 
Amelix Limited
 

 
Notes to the financial statements
For the year ended 30 June 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
23,629
24,221

Bank loans
9,995
10,000

Trade creditors
15,476
1,520

Other taxation and social security
17,000
11,264

Other creditors
2,512
2,573

Accruals and deferred income
900
10,154

69,512
59,732



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,168
29,169



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



10.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under normal market conditions.


11.


Controlling party

The controlling parties are Louis Hurst, a director. And Lisa Hurst, a shareholder, by virtue of their equal shareholdings.


Page 10