Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-26The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseWholesale of computers, computer peripheral equipment and software.21falsetruefalse 15159703 2024-01-01 2024-12-31 15159703 2023-09-23 2023-12-31 15159703 2024-12-31 15159703 2023-12-31 15159703 c:Director1 2024-01-01 2024-12-31 15159703 c:Director3 2024-01-01 2024-12-31 15159703 c:Director3 2024-12-31 15159703 c:RegisteredOffice 2024-01-01 2024-12-31 15159703 d:CurrentFinancialInstruments 2024-12-31 15159703 d:CurrentFinancialInstruments 2023-12-31 15159703 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15159703 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 15159703 d:ShareCapital 2024-01-01 2024-12-31 15159703 d:ShareCapital 2024-12-31 15159703 d:ShareCapital 2023-09-23 2023-12-31 15159703 d:ShareCapital 2023-12-31 15159703 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 15159703 d:RetainedEarningsAccumulatedLosses 2024-12-31 15159703 d:RetainedEarningsAccumulatedLosses 2023-09-23 2023-12-31 15159703 d:RetainedEarningsAccumulatedLosses 2023-12-31 15159703 c:FRS102 2024-01-01 2024-12-31 15159703 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 15159703 c:FullAccounts 2024-01-01 2024-12-31 15159703 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 15159703 2 2024-01-01 2024-12-31 15159703 e:PoundSterling 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP

Registered number: 15159703









CHERRY SYSTEMS UK LTD







UNAUDITED

FINANCIAL STATEMENTS 

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CHERRY SYSTEMS UK LTD
 

CONTENTS



Page
Company Information
 
1
Statement of Financial Position
 
2 - 3
Statement of Changes in Equity
 
4
Notes to the Financial Statements
 
5 - 9


 
CHERRY SYSTEMS UK LTD
 
 
COMPANY INFORMATION


Directors
C Jiangling 
S Stobie (appointed 5 July 2024)




Registered number
15159703



Registered office
First Floor Kennedy House
31 Stamford Street

Altrincham

Cheshire

WA14 1ES




Page 1

 
CHERRY SYSTEMS UK LTD
REGISTERED NUMBER: 15159703

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
2,531

Debtors: amounts falling due within one year
 5 
20,189
653

Cash at bank and in hand
  
35,250
33,744

  
55,439
36,928

Creditors: amounts falling due within one year
 6 
(24,926)
(17,860)

Net current assets
  
 
 
30,513
 
 
19,068

Total assets less current liabilities
  
30,513
19,068

  

Net assets
  
30,513
19,068


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
30,413
18,968

  
30,513
19,068


Page 2

 
CHERRY SYSTEMS UK LTD
REGISTERED NUMBER: 15159703
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 her 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 were approved and authorised for issue by the board and were signed on its behalf by: 




C Jiangling
Director

Date: 26 May 2025

The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
CHERRY SYSTEMS UK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
18,968
18,968
Total comprehensive income for the period
-
18,968
18,968


Contributions by and distributions to owners

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100



At 1 January 2024
100
18,968
19,068


Comprehensive income for the year

Profit for the year
-
11,445
11,445
Total comprehensive income for the year
-
11,445
11,445


At 31 December 2024
100
30,413
30,513


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
CHERRY SYSTEMS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales (company registration number: 15159703). The address of the registered office is First Floor Kennedy House, 31 Stamford Street, Altrincham, Cheshire, United Kingdom, WA14 1ES.

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 (see note 3).

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
CHERRY SYSTEMS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

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 reporting date in the countries where the Company operates and generates income.


Page 6

 
CHERRY SYSTEMS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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 reporting 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 7

 
CHERRY SYSTEMS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Estimated useful life and residual value of fixed assets
Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during current and prior accounting periods.
Impairment of debtors
The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Page 8

 
CHERRY SYSTEMS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Average
2
1


5.


Debtors

2024
2023
£
£


Trade debtors
20,089
247

Amounts owed by group undertakings
100
-

Other debtors
-
306

Prepayments and accrued income
-
100

20,189
653



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
16,433
33

Amounts owed to group undertakings
-
2,776

Other taxation and social security
3,170
-

Other creditors
5,323
15,051

24,926
17,860



7.


Controlling party

The company is a wholly owned subsidiary of Little Cherry Systems PTE LTD, a company registered in Singapore. The registered office of Little Cherry Systems PTE. LTD is 15 Beach Road, #02-00 Beach Centre, Singapore, 189677.

Page 9