Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31122023-06-01falseNo description of principal activity13falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08075484 2023-06-01 2024-05-31 08075484 2024-05-31 08075484 2022-06-01 2023-05-31 08075484 2023-05-31 08075484 c:Director1 2023-06-01 2024-05-31 08075484 c:Director2 2023-06-01 2024-05-31 08075484 c:Director3 2023-06-01 2024-05-31 08075484 c:RegisteredOffice 2023-06-01 2024-05-31 08075484 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 08075484 d:Buildings d:ShortLeaseholdAssets 2024-05-31 08075484 d:Buildings d:ShortLeaseholdAssets 2023-05-31 08075484 d:PlantMachinery 2023-06-01 2024-05-31 08075484 d:PlantMachinery 2024-05-31 08075484 d:PlantMachinery 2023-05-31 08075484 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08075484 d:ComputerEquipment 2023-06-01 2024-05-31 08075484 d:ComputerEquipment 2024-05-31 08075484 d:ComputerEquipment 2023-05-31 08075484 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08075484 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08075484 d:CurrentFinancialInstruments 2024-05-31 08075484 d:CurrentFinancialInstruments 2023-05-31 08075484 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08075484 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08075484 d:ShareCapital 2024-05-31 08075484 d:ShareCapital 2023-05-31 08075484 d:RetainedEarningsAccumulatedLosses 2024-05-31 08075484 d:RetainedEarningsAccumulatedLosses 2023-05-31 08075484 c:FRS102 2023-06-01 2024-05-31 08075484 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08075484 c:FullAccounts 2023-06-01 2024-05-31 08075484 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 08075484







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


RESONATE INTERIORS LIMITED






































img22b3.png                        

 


RESONATE INTERIORS LIMITED
 


 
COMPANY INFORMATION


Directors
P C Bonser 
M J Sussex 
N Smith 




Registered number
08075484



Registered office
Midas House
62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


RESONATE INTERIORS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7

 


RESONATE INTERIORS LIMITED
REGISTERED NUMBER:08075484



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
55,960
81,744

  
55,960
81,744

Current assets
  

Debtors: amounts falling due within one year
 5 
122,548
215,670

Cash at bank and in hand
  
67,853
55,683

  
190,401
271,353

Creditors: amounts falling due within one year
 6 
(104,327)
(137,039)

Net current assets
  
 
 
86,074
 
 
134,314

Total assets less current liabilities
  
142,034
216,058

Provisions for liabilities
  

Deferred tax
  
-
(6,004)

  
 
 
-
 
 
(6,004)

Net assets
  
142,034
210,054


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
142,033
210,053

  
142,034
210,054

Page 1

 


RESONATE INTERIORS LIMITED
REGISTERED NUMBER:08075484


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 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 by: 


................................................
P C Bonser
Director

Date: 2 January 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Resonate Interiors Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the company information page. The principal place of business is Suite 3, The Sanctuary, 23 Oak Hill Grove, Surbiton, Surrey. KT6 6DU.
The Companys's functional and presentational currency is GBP.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is experiencing cashflow difficulties due to the industry it operates in. The directors have assessed the position and have taken relevant measures in order to safeguard cashflow, customers and supply chains, that they believe should enable them to continue in operational existence. Therefore, it is the directors opinion, that the going concern basis for the preparation of the financial statements continues to be appropriate.

 
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:

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.

 
2.4

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.

Page 3

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 reporting 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 Statement of financial position 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 reporting date.

Page 4

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold improvements
-
Over 3 years straight line
Plant and machinery
-
20%
Computer equipment
-
20%

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.

 
2.8

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.

 
2.9

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 directors, during the year was 12 (2023 - 13).

Page 5

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Leasehold improvement
Plant and machinery
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
106,389
34,036
52,793
193,218


Additions
2,622
-
5,331
7,953



At 31 May 2024

109,011
34,036
58,124
201,171



Depreciation


At 1 June 2023
60,216
29,332
21,926
111,474


Charge for the year on owned assets
26,021
1,014
6,702
33,737



At 31 May 2024

86,237
30,346
28,628
145,211



Net book value



At 31 May 2024
22,774
3,690
29,496
55,960



At 31 May 2023
46,173
4,704
30,867
81,744







Page 6

 


RESONATE INTERIORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
85,965
174,306

Other debtors
11,505
5,750

Prepayments and accrued income
23,286
35,614

Deferred taxation
1,792
-

122,548
215,670



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
17,331
26,091

Corporation tax
-
26,831

Other taxation and social security
61,845
66,012

Other creditors
21,306
12,830

Accruals and deferred income
3,845
5,275

104,327
137,039



7.


Commitments under operating leases

The Company had total commitments under non-cancellable operating leases of £27,000 at the reporting date.


8.


Related party transactions

Included within other creditors is an amount of £38 (2023: £738) due to a Director. Interest has not been charged on this balance.

 
Page 7