Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01No description of principal activity11falsefalsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14332911 2023-10-01 2024-09-30 14332911 2022-09-02 2023-09-30 14332911 2024-09-30 14332911 2023-09-30 14332911 c:Director3 2023-10-01 2024-09-30 14332911 c:Director4 2023-10-01 2024-09-30 14332911 d:CurrentFinancialInstruments 2024-09-30 14332911 d:CurrentFinancialInstruments 2023-09-30 14332911 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14332911 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14332911 d:RetainedEarningsAccumulatedLosses 2024-09-30 14332911 d:RetainedEarningsAccumulatedLosses 2023-09-30 14332911 c:FRS102 2023-10-01 2024-09-30 14332911 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14332911 c:FullAccounts 2023-10-01 2024-09-30 14332911 c:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 14332911 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 14332911









UK NAVAL ENGINEERING, SCIENCE AND TECHNOLOGY LTD
(A Company Limited by Guarantee)

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
UK NAVAL ENGINEERING, SCIENCE AND TECHNOLOGY LTD
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 14332911

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
169,537
188,496

Cash at bank and in hand
  
149,741
85,472

  
319,278
273,968

Creditors: amounts falling due within one year
 5 
(194,265)
(192,753)

Net current assets
  
 
 
125,013
 
 
81,215

Total assets less current liabilities
  
125,013
81,215

  

Net assets
  
125,013
81,215


Capital and reserves
  

Profit and loss account
  
125,013
81,215

  
125,013
81,215


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 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 on 18 March 2025.




I Grant
P Havron
Director
Director

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

Page 1

 
UK NAVAL ENGINEERING, SCIENCE AND TECHNOLOGY LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

UK Naval Engineering, Science and Technology Ltd is a private company, limited by guarantee, incorporated in England and Wales, registration number 14332911. The registered office is Tennyson House, Cambridge Business Park, Cambridge, Cambridgeshire, United Kingdom, CB4 0WZ. 
The financial statements are presented in sterling, which is the functional currency of the company and rounded to the nearest £.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The directors are continually assessing the impact of the current economic climate. They have not encountered any significant adverse impacts as a result, therefore, the directors deem it appropriate to prepare the accounts on a going concern basis.

 
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. 
Membership income
Membership subscriptions run in line with the financial year and are recognised for the period they relate to. 

 
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

Debtors

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

Page 2

 
UK NAVAL ENGINEERING, SCIENCE AND TECHNOLOGY LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
UK NAVAL ENGINEERING, SCIENCE AND TECHNOLOGY LTD

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees




The average monthly number of employees during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
157,932
188,496

Prepayments and accrued income
11,605
-

169,537
188,496



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
707

Other taxation and social security
32,340
35,559

Accruals and deferred income
161,925
156,487

194,265
192,753




6.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


Page 4