Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05110903 2023-05-01 2024-04-30 05110903 2022-05-01 2023-04-30 05110903 2024-04-30 05110903 2023-04-30 05110903 c:Director1 2023-05-01 2024-04-30 05110903 c:Director2 2023-05-01 2024-04-30 05110903 c:RegisteredOffice 2023-05-01 2024-04-30 05110903 d:MotorVehicles 2023-05-01 2024-04-30 05110903 d:MotorVehicles 2024-04-30 05110903 d:MotorVehicles 2023-04-30 05110903 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05110903 d:FurnitureFittings 2023-05-01 2024-04-30 05110903 d:FurnitureFittings 2024-04-30 05110903 d:FurnitureFittings 2023-04-30 05110903 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05110903 d:OfficeEquipment 2023-05-01 2024-04-30 05110903 d:OfficeEquipment 2024-04-30 05110903 d:OfficeEquipment 2023-04-30 05110903 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05110903 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05110903 d:CurrentFinancialInstruments 2024-04-30 05110903 d:CurrentFinancialInstruments 2023-04-30 05110903 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05110903 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05110903 d:ShareCapital 2024-04-30 05110903 d:ShareCapital 2023-04-30 05110903 d:RetainedEarningsAccumulatedLosses 2024-04-30 05110903 d:RetainedEarningsAccumulatedLosses 2023-04-30 05110903 c:OrdinaryShareClass1 2023-05-01 2024-04-30 05110903 c:OrdinaryShareClass1 2024-04-30 05110903 c:OrdinaryShareClass1 2023-04-30 05110903 c:FRS102 2023-05-01 2024-04-30 05110903 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05110903 c:FullAccounts 2023-05-01 2024-04-30 05110903 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05110903 2 2023-05-01 2024-04-30 05110903 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05110903










CYAN COMMERCE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CYAN COMMERCE LTD
 
 
COMPANY INFORMATION


Directors
Noel Hinton 
Jonathan Starling 




Registered number
05110903



Registered office
12 Church Street

Cromer

Norfolk

NR27 9ER




Accountants
MA Partners LLP

12 Church Street

Cromer

Norfolk

NR27 9ER





 
CYAN COMMERCE LTD
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 9


 
CYAN COMMERCE LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CYAN COMMERCE LTD
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cyan Commerce Ltd for the year ended 30 April 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of directors of Cyan Commerce Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Cyan Commerce Ltd and state those matters that we have agreed to state to the Board of directors of Cyan Commerce Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cyan Commerce Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Cyan Commerce Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cyan Commerce Ltd. You consider that Cyan Commerce Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cyan Commerce Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
12 Church Street
Cromer
Norfolk
NR27 9ER
2 January 2025
Page 1

 
CYAN COMMERCE LTD
REGISTERED NUMBER: 05110903

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,459
2,953

  
1,459
2,953

Current assets
  

Stocks
  
500
500

Debtors: amounts falling due within one year
 5 
176,556
227,832

Cash at bank and in hand
  
551,838
336,565

  
728,894
564,897

Creditors: amounts falling due within one year
 6 
(79,057)
(70,493)

Net current assets
  
 
 
649,837
 
 
494,404

Total assets less current liabilities
  
651,296
497,357

  

Net assets
  
651,296
497,357


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
651,196
497,257

  
651,296
497,357


Page 2

 
CYAN COMMERCE LTD
REGISTERED NUMBER: 05110903
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 on 2 January 2025.


Noel Hinton
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
CYAN COMMERCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Cyan Commerce Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's principal activity is that of information technoloy consultancy activities, advertising and data processing, hosting and other related activities. 

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:

Page 4

 
CYAN COMMERCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Rendering of services

Turnover 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 turnover 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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax.
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
CYAN COMMERCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

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 the following basis:.

Asset class and method:

Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
33% 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.

 
2.7

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase, and other costs incurred in bringing stock to its present location and condition.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company only enteres 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.
 
Page 6

 
CYAN COMMERCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the discounted amount of the cash or other consideration expected to be paid or received. 
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3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
5,995
3,771
33,016
42,782



At 30 April 2024

5,995
3,771
33,016
42,782



Depreciation


At 1 May 2023
5,546
2,419
31,864
39,829


Charge for the year on owned assets
113
338
1,043
1,494



At 30 April 2024

5,659
2,757
32,907
41,323



Net book value



At 30 April 2024
336
1,014
109
1,459



At 30 April 2023
449
1,352
1,152
2,953

Page 7

 
CYAN COMMERCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
143,389
195,165

Other debtors
27,000
26,500

Prepayments and accrued income
6,167
6,167

176,556
227,832



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
313
2,141

Corporation tax
52,868
40,715

Other taxation and social security
14,059
18,047

Other creditors
10,577
8,405

Accruals and deferred income
1,240
1,185

79,057
70,493



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,176 (2023 - £5,301) . Contributions totalling £442 (2023 - £442) were payable to the fund at the balance sheet date and are included in creditors.

Page 8

 
CYAN COMMERCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Related party transactions

The company was under control of Mr N Hinton and Mr J Starling throughout the current and previous year. 
Mr J Starling a director is also a shareholder of Starlings of Sheringham Ltd.  During the year the company sold goods to the value of £1,689 (2023 £2,079) to Starlings of Sheringham Ltd.  At the year end Starlings of Sheringham Ltd owed the company £1,352 (2023 £273).

 
Page 9