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REGISTERED NUMBER: SC556978 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

KASEUM TECHNOLOGY LIMITED

KASEUM TECHNOLOGY LIMITED (REGISTERED NUMBER: SC556978)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KASEUM TECHNOLOGY LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P A Church
A J Elrick
P A Joiner
I M Macleod
S G G Christie





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC556978 (Scotland)






KASEUM TECHNOLOGY LIMITED (REGISTERED NUMBER: SC556978)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,734 3,550

CURRENT ASSETS
Stocks 3,250,230 1,985,762
Debtors 5 2,006,363 2,606,977
Cash at bank and in hand 401,860 182,410
5,658,453 4,775,149
CREDITORS
Amounts falling due within one year 6 690,279 684,557
NET CURRENT ASSETS 4,968,174 4,090,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,034,908

4,094,142

CREDITORS
Amounts falling due after more than one year 7 194,788 338,106
NET ASSETS 4,840,120 3,756,036

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,840,119 3,756,035
SHAREHOLDERS' FUNDS 4,840,120 3,756,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KASEUM TECHNOLOGY LIMITED (REGISTERED NUMBER: SC556978)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





P A Church - Director


KASEUM TECHNOLOGY LIMITED (REGISTERED NUMBER: SC556978)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Kaseum Technology Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - Straight line over 4 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KASEUM TECHNOLOGY LIMITED (REGISTERED NUMBER: SC556978)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 6,496 - 6,496
Additions - 63,950 63,950
At 31 December 2023 6,496 63,950 70,446
DEPRECIATION
At 1 January 2023 2,946 - 2,946
Charge for year 766 - 766
At 31 December 2023 3,712 - 3,712
NET BOOK VALUE
At 31 December 2023 2,784 63,950 66,734
At 31 December 2022 3,550 - 3,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,819,198 1,335,932
Amounts owed by group undertakings - 1,060,812
Other debtors 187,165 210,233
2,006,363 2,606,977

KASEUM TECHNOLOGY LIMITED (REGISTERED NUMBER: SC556978)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 146,788 144,277
Trade creditors 79,387 295,471
Amounts owed to group undertakings 54,188 -
Taxation and social security 310,864 227,307
Other creditors 99,052 17,502
690,279 684,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 194,788 338,106

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years - 13,426

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kaseum Holdings Limited