Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueThe Company's principal activity during the period was that of legal recruitment.2023-02-0154true 08362101 2023-02-01 2024-01-31 08362101 2022-02-01 2023-01-31 08362101 2024-01-31 08362101 2023-01-31 08362101 c:Director1 2023-02-01 2024-01-31 08362101 c:Director2 2023-02-01 2024-01-31 08362101 c:Director3 2023-02-01 2024-01-31 08362101 c:Director4 2023-02-01 2024-01-31 08362101 c:RegisteredOffice 2023-02-01 2024-01-31 08362101 d:PlantMachinery 2023-02-01 2024-01-31 08362101 d:PlantMachinery 2024-01-31 08362101 d:PlantMachinery 2023-01-31 08362101 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08362101 d:OfficeEquipment 2023-02-01 2024-01-31 08362101 d:OfficeEquipment 2024-01-31 08362101 d:OfficeEquipment 2023-01-31 08362101 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08362101 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08362101 d:CurrentFinancialInstruments 2024-01-31 08362101 d:CurrentFinancialInstruments 2023-01-31 08362101 d:Non-currentFinancialInstruments 2024-01-31 08362101 d:Non-currentFinancialInstruments 2023-01-31 08362101 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 08362101 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 08362101 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 08362101 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 08362101 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 08362101 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 08362101 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 08362101 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 08362101 d:ShareCapital 2024-01-31 08362101 d:ShareCapital 2023-01-31 08362101 d:RetainedEarningsAccumulatedLosses 2024-01-31 08362101 d:RetainedEarningsAccumulatedLosses 2023-01-31 08362101 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 08362101 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 08362101 c:OrdinaryShareClass1 2023-02-01 2024-01-31 08362101 c:OrdinaryShareClass1 2024-01-31 08362101 c:OrdinaryShareClass1 2023-01-31 08362101 c:OrdinaryShareClass2 2023-02-01 2024-01-31 08362101 c:OrdinaryShareClass2 2024-01-31 08362101 c:OrdinaryShareClass2 2023-01-31 08362101 c:OrdinaryShareClass3 2023-02-01 2024-01-31 08362101 c:OrdinaryShareClass3 2024-01-31 08362101 c:OrdinaryShareClass3 2023-01-31 08362101 c:OrdinaryShareClass4 2023-02-01 2024-01-31 08362101 c:OrdinaryShareClass4 2024-01-31 08362101 c:OrdinaryShareClass4 2023-01-31 08362101 c:FRS102 2023-02-01 2024-01-31 08362101 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08362101 c:FullAccounts 2023-02-01 2024-01-31 08362101 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08362101 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 08362101 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 08362101 2 2023-02-01 2024-01-31 08362101 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08362101










CYAN PARTNERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CYAN PARTNERS LIMITED
 
 
COMPANY INFORMATION


Directors
C P Cayley 
S Coughtrie 
A Wintle 
M Corneby 




Registered number
08362101



Registered office
Paje House
164 West Wycombe Road

High Wycombe

Buckinghamshire

HP12 3AE




Accountants
AMX Accountants Limited
Chartered Certified Accountants

Paje House

164 West Wycombe Road

High Wycombe

Buckinghamshire

HP12 3AE





 
CYAN PARTNERS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 12


 
CYAN PARTNERS LIMITED
REGISTERED NUMBER: 08362101

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,660
7,228

  
7,660
7,228

Current assets
  

Debtors: amounts falling due within one year
 5 
251,266
55,269

Cash at bank and in hand
 6 
356,138
589,316

  
607,404
644,585

Creditors: amounts falling due within one year
 7 
(186,948)
(181,360)

Net current assets
  
 
 
420,456
 
 
463,225

Total assets less current liabilities
  
428,116
470,453

Creditors: amounts falling due after more than one year
 8 
(42,500)
(72,500)

Provisions for liabilities
  

Deferred tax
  
(1,915)
-

  
 
 
(1,915)
 
 
-

Net assets
  
383,701
397,953


Capital and reserves
  

Called up share capital 
 12 
360
360

Profit and loss account
  
383,341
397,593

  
383,701
397,953


Page 1

 
CYAN PARTNERS LIMITED
REGISTERED NUMBER: 08362101
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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 25 October 2024.




................................................
C P Cayley
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cyan Partners Limited is a Company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the Company Information pages at the start of these financial statements.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract 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.

Page 3

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
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

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Plant & machinery
-
25%
Straight line
Office equipment
-
25%
Straight line

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections
Page 5

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

11 and 12 and the other presentation requirements of FRS 102.

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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 receipts 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
Page 6

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

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.

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 the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
4
4



Employee
1
-

5
4

Page 7

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant & machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
1,077
7,768
8,845


Additions
-
2,929
2,929


Disposals
-
(71)
(71)



At 31 January 2024

1,077
10,626
11,703



Depreciation


At 1 February 2023
179
1,438
1,617


Charge for the year on owned assets
269
2,228
2,497


Disposals
-
(71)
(71)



At 31 January 2024

448
3,595
4,043



Net book value



At 31 January 2024
629
7,031
7,660



At 31 January 2023
898
6,330
7,228


5.


Debtors

2024
2023
£
£


Trade debtors
238,798
49,231

Other debtors
60
-

Prepayments and accrued income
12,408
6,038

251,266
55,269


Page 8

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
356,138
589,316

356,138
589,316



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
30,000
30,000

Trade creditors
885
201

Taxation and social security
146,859
140,532

Other creditors
2,664
3,217

Accruals and deferred income
6,540
7,410

186,948
181,360


The following liabilities were secured:

2024
2023
£
£



Bank Loan
30,000
30,000

30,000
30,000

Details of security provided:

The bank loan is secured by an HSBC debenture dated 27 July 2020.

Page 9

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
42,500
72,500

42,500
72,500


The following liabilities were secured:

2024
2023
£
£



Bank loan
42,500
72,500

42,500
72,500

Details of security provided:

The bank loan is secured by an HSBC debenture dated 27 July 2020.

Page 10

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
30,000
30,000


30,000
30,000

Amounts falling due 1-2 years

Bank loans
30,000
30,000


30,000
30,000

Amounts falling due 2-5 years

Bank loans
12,500
42,500


12,500
42,500


72,500
102,500



10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
356,138
589,316




11.


Deferred taxation




2024


£






Charged to profit or loss
(1,915)



At end of year
(1,915)

Page 11

 
CYAN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
 
11.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,915)
-

(1,915)
-


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 (2023 - 90) A Ordinary shares of £1.00 each
90
90
90 (2023 - 90) C Ordinary shares of £1.00 each
90
90
90 (2023 - 90) S Ordinary shares of £1.00 each
90
90
90 (2023 - 90) M Ordinary shares of £1.00 each
90
90

360

360


 
Page 12