Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false22023-06-01trueFormerly engaged in manufacturing of food packaging products.2truetrue 04937132 2023-06-01 2024-05-31 04937132 2024-05-31 04937132 2022-06-01 2023-05-31 04937132 2023-05-31 04937132 c:Director4 2023-06-01 2024-05-31 04937132 d:CurrentFinancialInstruments 2024-05-31 04937132 d:CurrentFinancialInstruments 2023-05-31 04937132 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04937132 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04937132 d:ShareCapital 2024-05-31 04937132 d:ShareCapital 2023-05-31 04937132 d:RetainedEarningsAccumulatedLosses 2024-05-31 04937132 d:RetainedEarningsAccumulatedLosses 2023-05-31 04937132 c:EntityHasNeverTraded 2023-06-01 2024-05-31 04937132 c:FRS102 2023-06-01 2024-05-31 04937132 c:Audited 2023-06-01 2024-05-31 04937132 c:FullAccounts 2023-06-01 2024-05-31 04937132 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04937132 c:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04937132 2 2023-06-01 2024-05-31 04937132 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 04937132


TERINEX LIMITED








AUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
TERINEX LIMITED
REGISTERED NUMBER: 04937132

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
137,150
141,067

Cash at bank and in hand
 5 
961
1,188

  
138,111
142,255

Creditors: amounts falling due within one year
 6 
(4,359)
(4,925)

Net current assets
  
 
 
133,752
 
 
137,330

Total assets less current liabilities
  
133,752
137,330

  

Net assets
  
133,752
137,330


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
133,652
137,230

  
133,752
137,330

Page 1

 
TERINEX LIMITED
REGISTERED NUMBER: 04937132
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 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 by: 




................................................
P Wightman
Director

Date: 18 October 2024

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

Page 2

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

1.


General information

Terinex Limited is a private company limited by share capital, incorporated in England and Wales, registration number 04937132. The company ceased trading in December 2020 and vacated is trading premises with all remaining business now conducted from its registered office.

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 Company's functional and presentational currency is GBP.
In preparing the financial statements, a rounding tolerance of £5 has been used, in accordance with Company policy and in line with the previous year.
The following accounting policies have been applied:

 
2.2

Going concern

The company disposed of it's trade and assets in December 2020. Following the completion of the deals the company ceased trading and it is the director's intention to close the company in the future. 
As a result of this, the accounts have been prepared on a basis other than that of the going concern basis as set out in note 2.1.

 
2.3

Interest income

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

 
2.4

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 balance sheet date in the countries where the company operates and generates income.

 
2.5

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.

Page 3

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


Auditors' remuneration

The company has taken advantage of the exemption not to disclose amounts paid for audit and non audit services as these are disclosed in the group accounts of the parent company.

Page 4

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

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
137,150
200

Other debtors
-
867

Prepayments and accrued income
-
140,000

137,150
141,067



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
961
1,188

961
1,188



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
925

Other taxation and social security
33
-

Accruals and deferred income
4,326
4,000

4,359
4,925



7.


Discontinued Operations

The company disposed of its trade and trading assets in December 2020. All profit and loss transactions are in respect of discontinued operations following cessation of trade in the financial year ended 31 May 2021, and routine compliance costs as a result of the company remaining open.


8.


Related party transactions

The company has taken advantage of the exemption under FRS102 section 33 paragraph 1a and therefore has not reported the related party transactions or balances of companies within the group.  

Page 5

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

9.


Ultimate parent undertaking

The ultimate parent undertaking is Owen Greenings & Mumford (Holdings) Limited, with registered office Unit 1 Mead Road, Oxford Industrial Park, Yarnton, Oxford, OX5 1QU, and company number 06259950. The smallest group in which the company will be consolidated is that of its ultimate parent undertaking.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 May 2024 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

1. Emphasis of matter related to Going Concern:
We draw attention to note 2.1 in the financial statements, which indicates that the company's directors  disposed of the trade and assets of the company in December 2020. The company has ceased trading and is no longer considered to be a going concern.
In auditing the financial statements, we have concluded that the directors' departure from the going  concern basis of accounting in the preparation of the financial statements remains appropriate.

The audit report was signed on 18 October 2024 by Mr Matthew Wyatt (Senior Statutory Auditor) on behalf of Wellers.

 
Page 6