Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06928940 2023-07-01 2024-06-30 06928940 2022-07-01 2023-06-30 06928940 2024-06-30 06928940 2023-06-30 06928940 c:Director1 2023-07-01 2024-06-30 06928940 d:OfficeEquipment 2023-07-01 2024-06-30 06928940 d:OfficeEquipment 2024-06-30 06928940 d:OfficeEquipment 2023-06-30 06928940 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06928940 d:ComputerEquipment 2023-07-01 2024-06-30 06928940 d:ComputerEquipment 2024-06-30 06928940 d:ComputerEquipment 2023-06-30 06928940 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06928940 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06928940 d:CurrentFinancialInstruments 2024-06-30 06928940 d:CurrentFinancialInstruments 2023-06-30 06928940 d:Non-currentFinancialInstruments 2024-06-30 06928940 d:Non-currentFinancialInstruments 2023-06-30 06928940 c:FRS102 2023-07-01 2024-06-30 06928940 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06928940 c:FullAccounts 2023-07-01 2024-06-30 06928940 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06928940 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 06928940








CEMYK LTD
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED  30 JUNE 2024

 
CEMYK LTD
REGISTERED NUMBER: 06928940

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
1,551
1,710

  
1,551
1,710

Current assets
  

Debtors: amounts falling due within one year
 5 
9,938
9,473

Cash at bank and in hand
  
15,187
26,696

  
25,125
36,169

Creditors: amounts falling due within one year
 6 
(11,179)
(9,890)

Net current assets
  
 
 
13,946
 
 
26,279

Total assets less current liabilities
  
15,497
27,989

  

Creditors: amounts falling due after more than one year
 7 
(3,650)
(6,271)

  
11,847
21,718

  

  

Net assets
  
11,847
21,718


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
11,747
21,618

  
11,847
21,718


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.
 
Page 1

 
CEMYK LTD
REGISTERED NUMBER: 06928940
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


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 4 December 2024.





M. Richards
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CEMYK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

CEMYK Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 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.

 
2.3

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
-
25% Straight Line
Computer equipment
-
33.3% 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.

 
2.4

Borrowing costs

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

Page 3

 
CEMYK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable.

 
2.11

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 reporting date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
CEMYK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
4,843
10,432
15,275


Additions
-
1,189
1,189



At 30 June 2024

4,843
11,621
16,464



Depreciation


At 1 July 2023
3,712
9,853
13,565


Charge for the year on owned assets
600
747
1,347



At 30 June 2024

4,312
10,600
14,912



Net book value



At 30 June 2024
531
1,021
1,552



At 30 June 2023
1,131
579
1,710


5.


Debtors

2024
2023
£
£


Trade debtors
9,140
9,087

Other debtors
-
386

Accrued income
798
-

9,938
9,473


Page 5

 
CEMYK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
2,485
4,872

Other creditors
3,731
314

Accruals
2,400
2,200

Bounce back loan
2,563
2,504

11,179
9,890



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bounce back loan
3,650
6,271

3,650
6,271


The company enjoyed a bounce back loan following the effect of Covid-19. The loan was for £12,905 and is repayable over 6 years commencing one year after 13/10/2020 at an initial rate of 2.5%.

 
Page 6