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 2006.2023-04-01false34truetruefalse 11896244 2023-04-01 2024-03-31 11896244 2022-04-01 2023-03-31 11896244 2024-03-31 11896244 2023-03-31 11896244 c:Director1 2023-04-01 2024-03-31 11896244 d:OfficeEquipment 2023-04-01 2024-03-31 11896244 d:OfficeEquipment 2024-03-31 11896244 d:OfficeEquipment 2023-03-31 11896244 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11896244 d:ComputerEquipment 2023-04-01 2024-03-31 11896244 d:ComputerEquipment 2024-03-31 11896244 d:ComputerEquipment 2023-03-31 11896244 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11896244 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11896244 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 11896244 d:ComputerSoftware 2024-03-31 11896244 d:ComputerSoftware 2023-03-31 11896244 d:CurrentFinancialInstruments 2024-03-31 11896244 d:CurrentFinancialInstruments 2023-03-31 11896244 d:Non-currentFinancialInstruments 2024-03-31 11896244 d:Non-currentFinancialInstruments 2023-03-31 11896244 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11896244 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11896244 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11896244 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11896244 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 11896244 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11896244 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 11896244 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 11896244 d:ShareCapital 2024-03-31 11896244 d:ShareCapital 2023-03-31 11896244 d:RetainedEarningsAccumulatedLosses 2024-03-31 11896244 d:RetainedEarningsAccumulatedLosses 2023-03-31 11896244 c:FRS102 2023-04-01 2024-03-31 11896244 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11896244 c:FullAccounts 2023-04-01 2024-03-31 11896244 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11896244 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 11896244 2 2023-04-01 2024-03-31 11896244 d:ComputerSoftware d:OwnedIntangibleAssets 2023-04-01 2024-03-31 11896244 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11896244










SERIGRAPHICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SERIGRAPHICS LIMITED
REGISTERED NUMBER: 11896244

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,220
1

Tangible assets
 5 
727
2,048

  
4,947
2,049

Current assets
  

Debtors: amounts falling due within one year
 6 
37,918
34,768

Cash at bank and in hand
  
479
7,312

  
38,397
42,080

Creditors: amounts falling due within one year
 7 
(27,372)
(23,675)

Net current assets
  
 
 
11,025
 
 
18,405

Total assets less current liabilities
  
15,972
20,454

Creditors: amounts falling due after more than one year
 8 
(7,000)
(13,000)

  

Net assets
  
8,972
7,454


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
8,872
7,354

  
8,972
7,454


Page 1

 
SERIGRAPHICS LIMITED
REGISTERED NUMBER: 11896244
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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: 




N Taylor
Director

Date: 30 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

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

1.


General information

Serigraphics Limited is a private company limited by shares and incorporated in England & Wales
(11896244). The registered office address is 52 New Town, Uckfield, East Sussex, United Kingdom, TN22
5DE.

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

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.

 
2.3

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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

Page 3

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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Computer software
-
3
years

Page 4

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

2.Accounting policies (continued)

 
2.10

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
Over 3 years
Computer equipment
-
Over 3 years

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

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

2.Accounting policies (continued)

 
2.14

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.

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

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 within the operating cycle fall into this category of financial instruments.

Financial liabilities

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

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 payments 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.

Page 6

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

2.Accounting policies (continued)


2.14
Financial instruments (continued)


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.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees



The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 7

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

4.


Intangible assets




Computer software

£



Cost


At 1 April 2023
8,415


Additions
6,328



At 31 March 2024

14,743



Amortisation


At 1 April 2023
8,414


Charge for the year on owned assets
2,109



At 31 March 2024

10,523



Net book value



At 31 March 2024
4,220



At 31 March 2023
1



Page 8

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

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 April 2023
855
5,535
6,390



At 31 March 2024

855
5,535
6,390



Depreciation


At 1 April 2023
593
3,748
4,341


Charge for the year on owned assets
259
1,063
1,322



At 31 March 2024

852
4,811
5,663



Net book value



At 31 March 2024
3
724
727



At 31 March 2023
261
1,787
2,048


6.


Debtors

2024
2023
£
£


Trade debtors
11,740
-

Other debtors
26,178
34,768

37,918
34,768


Page 9

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,000
6,000

Trade creditors
3,359
294

Corporation tax
9,064
8,871

Other taxation and social security
6,514
5,955

Other creditors
195
195

Accruals and deferred income
2,240
2,360

27,372
23,675



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,000
13,000



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,000
6,000

Amounts falling due 1-2 years

Bank loans
6,000
6,000

Amounts falling due 2-5 years

Bank loans
1,000
7,000


13,000
19,000



10.


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 £1,078 (2023 - £1,403).
Contributions totalling £195 (2023 - £195) were payable to the fund at the balance sheet date and are
included in creditors.

Page 10

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

11.


Related party transactions

Within other debtors are amounts owed by the director of £26,286 (2023 - £34,678). These amounts are
non interest bearing and repayable on demand.

 
Page 11