Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-316323514887112023-01-01falseSale of electronic components11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10451675 2023-01-01 2023-12-31 10451675 2022-01-01 2022-12-31 10451675 2023-12-31 10451675 2022-12-31 10451675 2022-01-01 10451675 c:Director1 2023-01-01 2023-12-31 10451675 d:CurrentFinancialInstruments 2023-12-31 10451675 d:CurrentFinancialInstruments 2022-12-31 10451675 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10451675 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10451675 d:ShareCapital 2023-01-01 2023-12-31 10451675 d:ShareCapital 2023-12-31 10451675 d:ShareCapital 2022-01-01 2022-12-31 10451675 d:ShareCapital 2022-12-31 10451675 d:ShareCapital 2022-01-01 10451675 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10451675 d:RetainedEarningsAccumulatedLosses 2023-12-31 10451675 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10451675 d:RetainedEarningsAccumulatedLosses 2022-12-31 10451675 d:RetainedEarningsAccumulatedLosses 2022-01-01 10451675 c:FRS102 2023-01-01 2023-12-31 10451675 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10451675 c:FullAccounts 2023-01-01 2023-12-31 10451675 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10451675 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10451675










PEKTRON CM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PEKTRON CM LIMITED
REGISTERED NUMBER: 10451675

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
612,663
384,375

  
612,663
384,375

Creditors: amounts falling due within one year
 5 
(580,514)
(352,701)

Net current assets
  
 
 
32,149
 
 
31,674

  

Net assets
  
32,149
31,674


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
32,148
31,673

  
32,149
31,674


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 comprehensive income 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 on 6 August 2024.




Philip Morgan
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
PEKTRON CM LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
1
19,626
19,627


Comprehensive income for the year

Profit for the year
-
12,047
12,047
Total comprehensive income for the year
-
12,047
12,047



At 1 January 2023
1
31,673
31,674


Comprehensive income for the year

Profit for the year
-
475
475
Total comprehensive income for the year
-
475
475


At 31 December 2023
1
32,148
32,149


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PEKTRON CM LIMITED
 

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

1.


General information

The Company is a limited liability company and is incorporated in the United Kingdom and registered in England and Wales. Details of the Company's registered address are included on the Company Information page. The Company's principle activity is included in the Directors' Report.
The financial statements have been rounded to the nearest £.

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 not considered it necessary to prepare formal forecasts for the Company as it will continue to be supported by its main supplier, a company which is under common control.
The directors, therefore, consider that they have a reasonable expectation that the Company had adequate resources to continue in operational existence for the forseeable future, for a variety of potential scenerios. The Company, therefore, continues to adopt the going concern basis in preparing its 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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
PEKTRON CM LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

Revenue is recognised on the dispatch of goods.

 
2.5

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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
490,876
119,683

Other debtors
121,787
264,692

612,663
384,375


Page 4

 
PEKTRON CM LIMITED
 

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

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
111
2,825

Other creditors
313,929
-

Accruals and deferred income
266,474
349,876

580,514
352,701



6.


Related party transactions

The other creditor of £313,929 (2022: £259,130 debtor) relates to amounts owed to a company under common control. The Company made purchases of £624,691 (2022: £481,269) from this company during the year.
The Company paid management charges to this company during the year of £7,660 (2022: £7,442).


7.


Controlling party

At the balance sheet date the ultimate controlling party was Hoopoe Capital LLP by virtue of owning 100% of the Company's ordinary share capital.


Page 5