Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true12023-02-01falseNo description of principal activity1false 13117233 2023-02-01 2024-01-31 13117233 2022-02-01 2023-01-31 13117233 2024-01-31 13117233 2023-01-31 13117233 c:Director1 2023-02-01 2024-01-31 13117233 d:CurrentFinancialInstruments 2024-01-31 13117233 d:CurrentFinancialInstruments 2023-01-31 13117233 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13117233 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13117233 d:ShareCapital 2024-01-31 13117233 d:ShareCapital 2023-01-31 13117233 d:RetainedEarningsAccumulatedLosses 2024-01-31 13117233 d:RetainedEarningsAccumulatedLosses 2023-01-31 13117233 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13117233 c:OrdinaryShareClass1 2024-01-31 13117233 c:OrdinaryShareClass1 2023-01-31 13117233 c:FRS102 2023-02-01 2024-01-31 13117233 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13117233 c:FullAccounts 2023-02-01 2024-01-31 13117233 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13117233 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13117233









CITY MACHINERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CITY MACHINERY LIMITED
REGISTERED NUMBER: 13117233

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
14,600
14,400

Debtors: amounts falling due within one year
 4 
1,322
-

Cash at bank and in hand
  
3,589
29

  
19,511
14,429

Creditors: amounts falling due within one year
 5 
(26,361)
(12,095)

Net current (liabilities)/assets
  
 
 
(6,850)
 
 
2,334

Total assets less current liabilities
  
(6,850)
2,334

  

Net (liabilities)/assets
  
(6,850)
2,334


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(6,950)
2,234

  
(6,850)
2,334


Page 1

 
CITY MACHINERY LIMITED
REGISTERED NUMBER: 13117233
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 on 28 October 2024.




Ramilaben Hari
Director

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

Page 2

 
CITY MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 13117233.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP. 
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared under a going concern basis. 

 
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.

Page 3

 
CITY MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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

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 weighted average 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.

 
2.7

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.

 
2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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 4

 
CITY MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
1,322
-

1,322
-



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,940
900

Corporation tax
524
524

Other taxation and social security
2,205
1,297

Other creditors
20,832
8,524

Accruals and deferred income
860
850

26,361
12,095



6.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions

As at the balance sheet date £20,832 (2022: £8,524) was due to the director. The loan is interest free and repayable on demand. 

 
Page 5