Company registration number 06916022 (England and Wales)
CERICO UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
CERICO UK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CERICO UK LTD
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,278
1,491
Tangible assets
4
52,236
32,246
53,514
33,737
Current assets
Debtors
5
202,379
250,817
Cash at bank and in hand
50,060
29,328
252,439
280,145
Creditors: amounts falling due within one year
6
(266,996)
(254,149)
Net current (liabilities)/assets
(14,557)
25,996
Total assets less current liabilities
38,957
59,733
Provisions for liabilities
(9,401)
(5,540)
Net assets
29,556
54,193
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
29,554
54,191
Total equity
29,556
54,193

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 12 November 2024
Mr RG Powell
Director
Company registration number 06916022 (England and Wales)
CERICO UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Cerico UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Church Plain, Great Yarmouth, Norfolk, England, NR30 1PL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
- 10% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 20% reducing balance
Fixtures and fittings
- 15% reducing balance
Computers
- 25% reducing balance
Motor vehicles
- 20% reducing balance
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CERICO UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Intangible fixed assets
Other
£
Cost
At 1 June 2023 and 31 May 2024
2,130
Amortisation and impairment
At 1 June 2023
639
Amortisation charged for the year
213
At 31 May 2024
852
Carrying amount
At 31 May 2024
1,278
At 31 May 2023
1,491
CERICO UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023
103,680
Additions
44,060
Disposals
(52,447)
At 31 May 2024
95,293
Depreciation and impairment
At 1 June 2023
71,434
Depreciation charged in the year
13,222
Eliminated in respect of disposals
(41,599)
At 31 May 2024
43,057
Carrying amount
At 31 May 2024
52,236
At 31 May 2023
32,246
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
165,895
219,754
Amounts owed by group undertakings
132
-
0
Other debtors
36,352
31,063
202,379
250,817
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
263,436
249,654
Corporation tax
2
1,047
Other taxation and social security
-
0
306
Other creditors
3,558
3,142
266,996
254,149
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