Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueSupply of bioceramics and medical materials2023-04-01false99truefalse 04333637 2023-04-01 2024-03-31 04333637 2022-04-01 2023-03-31 04333637 2024-03-31 04333637 2023-03-31 04333637 2022-04-01 04333637 c:Director1 2023-04-01 2024-03-31 04333637 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 04333637 d:Buildings d:LongLeaseholdAssets 2024-03-31 04333637 d:Buildings d:LongLeaseholdAssets 2023-03-31 04333637 d:PlantMachinery 2023-04-01 2024-03-31 04333637 d:PlantMachinery 2024-03-31 04333637 d:PlantMachinery 2023-03-31 04333637 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04333637 d:MotorVehicles 2023-04-01 2024-03-31 04333637 d:MotorVehicles 2024-03-31 04333637 d:MotorVehicles 2023-03-31 04333637 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04333637 d:FurnitureFittings 2023-04-01 2024-03-31 04333637 d:FurnitureFittings 2024-03-31 04333637 d:FurnitureFittings 2023-03-31 04333637 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04333637 d:OfficeEquipment 2023-04-01 2024-03-31 04333637 d:OfficeEquipment 2024-03-31 04333637 d:OfficeEquipment 2023-03-31 04333637 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04333637 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04333637 d:CurrentFinancialInstruments 2024-03-31 04333637 d:CurrentFinancialInstruments 2023-03-31 04333637 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04333637 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04333637 d:ShareCapital 2024-03-31 04333637 d:ShareCapital 2023-03-31 04333637 d:RetainedEarningsAccumulatedLosses 2024-03-31 04333637 d:RetainedEarningsAccumulatedLosses 2023-03-31 04333637 c:FRS102 2023-04-01 2024-03-31 04333637 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04333637 c:FullAccounts 2023-04-01 2024-03-31 04333637 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04333637 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04333637 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04333637 d:OtherDeferredTax 2024-03-31 04333637 d:OtherDeferredTax 2023-03-31 04333637 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04333637










CERAMISYS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CERAMISYS LIMITED
REGISTERED NUMBER: 04333637

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
593,175
607,097

Current assets
  

Stocks
  
392,922
244,914

Debtors: amounts falling due within one year
 5 
592,035
559,061

Cash at bank and in hand
  
1,178,285
969,918

  
2,163,242
1,773,893

Creditors: amounts falling due within one year
 6 
(226,493)
(155,210)

Net current assets
  
 
 
1,936,749
 
 
1,618,683

Total assets less current liabilities
  
2,529,924
2,225,780

Provisions for liabilities
  

Deferred tax
 7 
(97,073)
(99,267)

Net assets
  
2,432,851
2,126,513


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
2,431,851
2,125,513

  
2,432,851
2,126,513


Page 1

 
CERAMISYS LIMITED
REGISTERED NUMBER: 04333637
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 on 12 August 2024.




W Austin
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CERAMISYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Ceramisys Limited is a private company limited by shares, incorporated in England and Wales (registered number: 04333637). Its registered office is 914 Herries Road, Sheffield, South Yorkshire, S6 1QW. The principal activity of the Company throughout the year continued to be the supply of bioceramics and medical materials.

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 following principal accounting policies have been applied:

 
2.2

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

 
CERAMISYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

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

Page 4

 
CERAMISYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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, as follows.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:

Plant & machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Laboratory equipment
-
25%
reducing balance
Office 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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 5

 
CERAMISYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 6

 
CERAMISYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Long Leasehold property
Plant & machinery
Motor vehicles
Laboratory equipment
Office equipment
Total

£
£
£
£
£
£



Cost


At 1 April 2023
729,863
73,269
15,570
51,272
58,049
928,023


Additions
-
2,720
-
-
6,674
9,394


Disposals
-
(175)
-
(3,459)
(15,933)
(19,567)



At 31 March 2024

729,863
75,814
15,570
47,813
48,790
917,850



Depreciation


At 1 April 2023
145,738
67,703
14,336
43,574
49,575
320,926


Charge for the year on owned assets
14,597
1,953
309
1,925
2,800
21,584


Disposals
-
(161)
-
(3,451)
(14,223)
(17,835)



At 31 March 2024

160,335
69,495
14,645
42,048
38,152
324,675



Net book value



At 31 March 2024
569,528
6,319
925
5,765
10,638
593,175



At 31 March 2023
584,125
5,566
1,234
7,698
8,474
607,097


5.


Debtors

2024
2023
£
£


Trade debtors
314,406
295,799

Other debtors
249,761
242,091

Prepayments and accrued income
27,868
21,171

592,035
559,061


Page 7

 
CERAMISYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
98,391
48,859

Corporation tax
110,484
76,168

Other taxation and social security
-
7,874

Other creditors
1,423
2,174

Accruals and deferred income
16,195
20,135

226,493
155,210



7.


Deferred taxation




2024
2023


£

£






At beginning of year
99,267
103,392


Charged to profit or loss
(2,194)
(4,125)



At end of year
97,073
99,267

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
97,135
99,304

Pension creditor
(62)
(37)

97,073
99,267

Page 8

 
CERAMISYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,229 (2023: £1,747). Contributions totalling £575 (2023: £341) were payabe to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

Included within other debtors are loans to directors of £186,121 (2023: £181,983).

 
Page 9