14 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2024 - FRS102_2024 181,061 7,770 188,831 112,172 9,519 121,691 67,140 68,889 xbrli:pure xbrli:shares iso4217:GBP 05605891 2023-11-01 2024-10-31 05605891 2024-10-31 05605891 2023-10-31 05605891 2022-11-01 2023-10-31 05605891 2023-10-31 05605891 2022-10-31 05605891 core:PlantMachinery 2023-11-01 2024-10-31 05605891 bus:Director1 2023-11-01 2024-10-31 05605891 bus:Director2 2023-11-01 2024-10-31 05605891 core:PlantMachinery 2023-10-31 05605891 core:PlantMachinery 2024-10-31 05605891 core:WithinOneYear 2024-10-31 05605891 core:WithinOneYear 2023-10-31 05605891 core:AfterOneYear 2024-10-31 05605891 core:AfterOneYear 2023-10-31 05605891 core:ShareCapital 2024-10-31 05605891 core:ShareCapital 2023-10-31 05605891 core:RetainedEarningsAccumulatedLosses 2024-10-31 05605891 core:RetainedEarningsAccumulatedLosses 2023-10-31 05605891 core:PlantMachinery 2023-10-31 05605891 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-10-31 05605891 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 05605891 bus:Director1 2023-10-31 05605891 bus:Director2 2023-10-31 05605891 bus:Director1 2022-10-31 05605891 bus:Director1 2023-10-31 05605891 bus:Director2 2022-10-31 05605891 bus:Director2 2023-10-31 05605891 bus:Director1 2022-11-01 2023-10-31 05605891 bus:Director2 2022-11-01 2023-10-31 05605891 bus:SmallEntities 2023-11-01 2024-10-31 05605891 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 05605891 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05605891 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05605891 bus:FullAccounts 2023-11-01 2024-10-31
COMPANY REGISTRATION NUMBER: 05605891
CUNICON LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 October 2024
CUNICON LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
£
£
Fixed Assets
Tangible assets
5
67,140
68,889
Current Assets
Stocks
92,600
55,000
Debtors
6
73,564
150,548
Cash at bank and in hand
3,811
4,829
-----------
-----------
169,975
210,377
Creditors: amounts falling due within one year
7
199,623
163,216
-----------
-----------
Net Current (Liabilities)/Assets
( 29,648)
47,161
---------
-----------
Total Assets Less Current Liabilities
37,492
116,050
Creditors: amounts falling due after more than one year
8
9,174
28,971
---------
-----------
Net Assets
28,318
87,079
---------
-----------
CUNICON LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
2024
2023
Note
£
£
£
£
Capital and Reserves
Called up share capital
100
100
Profit and loss account
28,218
86,979
---------
---------
Shareholders Funds
28,318
87,079
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 April 2025 , and are signed on behalf of the board by:
D J Pinder
J Laidler
Director
Director
Company registration number: 05605891
CUNICON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cunicon Limited, William Wright Dock, Hull, East Riding of Yorkshire, HU34PG, England.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% reducing balance
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance Leases and Hire Purchase Contracts
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 14 (2023: 10 ).
5. Tangible Assets
Plant and machinery
£
Cost
At 1 November 2023
181,061
Additions
7,770
-----------
At 31 October 2024
188,831
-----------
Depreciation
At 1 November 2023
112,172
Charge for the year
9,519
-----------
At 31 October 2024
121,691
-----------
Carrying amount
At 31 October 2024
67,140
-----------
At 31 October 2023
68,889
-----------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery
£
At 31 October 2024
26,519
---------
At 31 October 2023
29,466
---------
6. Debtors
2024
2023
£
£
Trade debtors
60,868
92,868
Other debtors
12,696
57,680
---------
-----------
73,564
150,548
---------
-----------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
62,659
27,054
Social security and other taxes
76,317
78,188
Other creditors
50,647
47,974
-----------
-----------
199,623
163,216
-----------
-----------
Other creditors includes £19,259 (2023 - £18,789) which is secured against trade debtors. Other creditors also include hire purchase liabilities of £9,797 (2023 - £10,713) which are secured against fixed assets.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,833
15,833
Other creditors
3,341
13,138
--------
---------
9,174
28,971
--------
---------
Other creditors include hire purchase liabilities of £3,341 (2023 - £13,138) which are secured against fixed assets.
9. Directors' Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
D J Pinder
27,169
( 27,169)
J Laidler
27,169
( 27,169)
---------
-----
---------
-----
54,338
( 54,338)
---------
-----
---------
-----
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
D J Pinder
14,417
12,752
27,169
J Laidler
14,416
12,753
27,169
---------
---------
-----
---------
28,833
25,505
54,338
---------
---------
-----
---------
The balances were repayable on demand and subject to interest at the official rate.