Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31No description of principal activityfalse22023-06-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12629478 2023-06-01 2024-05-31 12629478 2022-06-01 2023-05-31 12629478 2024-05-31 12629478 2023-05-31 12629478 c:Director1 2023-06-01 2024-05-31 12629478 c:Director2 2023-06-01 2024-05-31 12629478 d:CurrentFinancialInstruments 2024-05-31 12629478 d:CurrentFinancialInstruments 2023-05-31 12629478 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 12629478 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 12629478 d:ShareCapital 2024-05-31 12629478 d:ShareCapital 2023-05-31 12629478 d:RetainedEarningsAccumulatedLosses 2024-05-31 12629478 d:RetainedEarningsAccumulatedLosses 2023-05-31 12629478 c:FRS102 2023-06-01 2024-05-31 12629478 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12629478 c:FullAccounts 2023-06-01 2024-05-31 12629478 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12629478 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 12629478










CREEKVIEW EMS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
CREEKVIEW EMS LIMITED
REGISTERED NUMBER: 12629478

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
36,941
266,886

Debtors: amounts falling due within one year
 5 
217,123
41,280

Cash at bank and in hand
 6 
16,981
31,524

  
271,045
339,690

Creditors: amounts falling due within one year
 7 
(138,478)
(244,571)

Net current assets
  
 
 
132,567
 
 
95,119

Total assets less current liabilities
  
132,567
95,119

  

Net assets
  
132,567
95,119


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
132,467
95,019

  
132,567
95,119


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 12 February 2025.




R Smith
H Smith
Director
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
CREEKVIEW EMS LIMITED
 

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

1.Accounting policies

 
1.1

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 following principal accounting policies have been applied:

 
1.2

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.

 
1.3

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet 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 balance sheet date.


Page 2

 
CREEKVIEW EMS LIMITED
 

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

1.Accounting policies (continued)

 
1.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.5

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.

 
1.6

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.

 
1.7

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.


General information

Creekview EMS Limited is a private limited company incorporated in England and Wales. The Registered Office is Kingsridge House, 601 London Road, Westcliff on Sea, Essex, SS0 9PE. 


3.


Employees

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


4.


Stocks

2024
2023
£
£

Raw materials and consumables
36,941
266,886

36,941
266,886


Page 3

 
CREEKVIEW EMS LIMITED
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
204,383
41,079

Other debtors
12,740
201

217,123
41,280



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
16,981
31,524

16,981
31,524



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
44,305
232,749

Corporation tax
12,483
1,590

Other taxation and social security
1,560
10,232

Other creditors
80,130
-

138,478
244,571



8.


Related party transactions

During the year, the company traded on an arms length basis with companies jointly controlled by the directors of the company. The transactions were as follows:
Creekview Electronics Limited
Costs of sales £737,943 (2023 : £879,847)
Creditor as at 31st May 2024 : £80,130 (2023 : £201 debtor)
RHS Holdings Limited
Debtor as at 31st May 2024 : £12,740


Page 4