Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3125397522023-01-01falseThe sale of electronic components33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06589295 2023-01-01 2023-12-31 06589295 2022-01-01 2022-12-31 06589295 2023-12-31 06589295 2022-12-31 06589295 2022-01-01 06589295 c:Director1 2023-01-01 2023-12-31 06589295 d:CurrentFinancialInstruments 2023-12-31 06589295 d:CurrentFinancialInstruments 2022-12-31 06589295 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06589295 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06589295 d:ShareCapital 2023-01-01 2023-12-31 06589295 d:ShareCapital 2023-12-31 06589295 d:ShareCapital 2022-01-01 2022-12-31 06589295 d:ShareCapital 2022-12-31 06589295 d:ShareCapital 2022-01-01 06589295 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06589295 d:RetainedEarningsAccumulatedLosses 2023-12-31 06589295 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 06589295 d:RetainedEarningsAccumulatedLosses 2022-12-31 06589295 d:RetainedEarningsAccumulatedLosses 2022-01-01 06589295 c:FRS102 2023-01-01 2023-12-31 06589295 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06589295 c:FullAccounts 2023-01-01 2023-12-31 06589295 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06589295 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06589295










PEKTRON SEV LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PEKTRON SEV LIMITED
REGISTERED NUMBER: 06589295

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,319,129
1,524,880

  
2,319,129
1,524,880

Creditors: amounts falling due within one year
 5 
(2,305,492)
(1,520,508)

Net current assets
  
 
 
13,637
 
 
4,372

Total assets less current liabilities
  
13,637
4,372

  

Net assets
  
13,637
4,372


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
13,634
4,369

  
13,637
4,372


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 SEV 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
3
(44,267)
(44,264)


Comprehensive income for the year

Profit for the year
-
48,636
48,636
Total comprehensive income for the year
-
48,636
48,636



At 1 January 2023
3
4,369
4,372


Comprehensive income for the year

Profit for the year
-
9,265
9,265
Total comprehensive income for the year
-
9,265
9,265


At 31 December 2023
3
13,634
13,637


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

Page 2

 
PEKTRON SEV LIMITED
 

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

1.


General information

Pektron SEV Limited is a private company limited by shares incorporated in England and Wales. The registered office is Alfreton Road, Derby, DE21 4AP.

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 accounts are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The directors have not considered necessary to prepare formal forecasts for the Company as it will continued 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 foreseeable future, for a variety of potential scenarios. 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 SEV 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 3 (2022 - 3).


4.


Debtors

2023
2022
£
£


Other debtors
2,319,129
1,524,880


Page 4

 
PEKTRON SEV LIMITED
 

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

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
1,687,007
1,507,649

Corporation tax
2,565
11,409

Accruals and deferred income
615,920
1,450

2,305,492
1,520,508



6.


Related party transactions

Included in other debtors is an amount of £2,268,695 (2022: £1,431,344) relates to amounts owed by a company under common control. The company made purchases of £814,447 (2022: £2,505,644) from this company during the year.
The Company received management charges from this company during the year of £21,404 (2022: the Company paid management charges of £34,108 to this company).


7.


Controlling party

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


Page 5