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Registration number: 04556555

Ceejay UK Limited

Information for Filing with The Registrar

31 October 2023

 

Ceejay UK Limited

Contents

Balance Sheet

1 to 2

Notes to the Accounts

3 to 8

 

Ceejay UK Limited

(Registration number: 04556555)

Balance Sheet

31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

1

1

Tangible assets

5

139,224

160,881

 

139,225

160,882

Current assets

 

Stocks

6

10,650

19,500

Debtors

7

284,093

186,663

Cash at bank and in hand

 

75,328

133,005

 

370,071

339,168

Creditors: Amounts falling due within one year

8

(140,164)

(176,143)

Net current assets

 

229,907

163,025

Total assets less current liabilities

 

369,132

323,907

Creditors: Amounts falling due after more than one year

8

(45,803)

(78,365)

Provisions for liabilities

(33,700)

(40,100)

Net assets

 

289,629

205,442

Capital and reserves

 

Called up share capital

9

4

4

Retained earnings

289,625

205,438

Shareholders' funds

 

289,629

205,442

 

Ceejay UK Limited

(Registration number: 04556555)

Balance Sheet

31 October 2023

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 July 2024 and signed on its behalf by:
 

.........................................
A.F. Baxter
Director

 

Ceejay UK Limited

Notes to the Accounts

Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Green Lane Trading Estate
Clifton
York
YO30 5PY

These financial statements were authorised for issue by the Board on 22 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

 

Ceejay UK Limited

Notes to the Accounts

Year Ended 31 October 2023

Tax

The tax expense for the period comprises corporation and deferred tax.

The current corporation 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

10 years straight line basis

Plant and machinery

10 years straight line basis

Fixtures and fittings

3 years straight line basis

Motor vehicles

5 years straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ceejay UK Limited

Notes to the Accounts

Year Ended 31 October 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Ceejay UK Limited

Notes to the Accounts

Year Ended 31 October 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year, was 9 (2022 - 7).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2022

10,000

10,000

At 31 October 2023

10,000

10,000

Amortisation

At 1 November 2022

9,999

9,999

At 31 October 2023

9,999

9,999

Carrying amount

At 31 October 2023

1

1

At 31 October 2022

1

1

 

Ceejay UK Limited

Notes to the Accounts

Year Ended 31 October 2023

5

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

85,975

92,712

257,515

42,375

478,577

Additions

-

1,744

-

-

1,744

At 31 October 2023

85,975

94,456

257,515

42,375

480,321

Depreciation

At 1 November 2022

85,600

90,514

124,411

17,171

317,696

Charge for the year

105

1,650

15,071

6,575

23,401

At 31 October 2023

85,705

92,164

139,482

23,746

341,097

Carrying amount

At 31 October 2023

270

2,292

118,033

18,629

139,224

At 31 October 2022

375

2,198

133,104

25,204

160,881

Included within the net book value of land and buildings above is £270 (2022 - £375) in respect of long leasehold land and buildings.
 

6

Stocks

2023
£

2022
£

Other inventories

10,650

19,500

7

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

120,062

93,298

Amounts owed by related parties

10

164,031

93,365

   

284,093

186,663

 

Ceejay UK Limited

Notes to the Accounts

Year Ended 31 October 2023

8

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

32,562

32,563

Trade creditors

 

16,710

42,302

Amounts due to related parties

10

52

43,682

Taxation and social security

 

86,827

54,096

Other creditors

 

4,013

3,500

 

140,164

176,143

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4

         

10

Related party transactions

Summary of transactions with entities with joint control or significant interest

Get Branded Workwear Limited
A.F. Baxter and L. Baxter are the directors and shareholders of Get Branded Workwear Limited.

 
Loans of £35,466 were made and expenses recharged to Get Branded Workwear Limited of £35,200.

 At the balance sheet date the amount due from Get Branded Workwear Limited was £164,031 (2022 - £93,366).