Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312025-05-30false2023-11-01falseNo description of principal activity1211falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10398754 2023-11-01 2024-10-31 10398754 2022-11-01 2023-10-31 10398754 2024-10-31 10398754 2023-10-31 10398754 c:Director1 2023-11-01 2024-10-31 10398754 d:Buildings 2023-11-01 2024-10-31 10398754 d:Buildings 2024-10-31 10398754 d:Buildings 2023-10-31 10398754 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10398754 d:PlantMachinery 2023-11-01 2024-10-31 10398754 d:PlantMachinery 2024-10-31 10398754 d:PlantMachinery 2023-10-31 10398754 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10398754 d:MotorVehicles 2023-11-01 2024-10-31 10398754 d:MotorVehicles 2024-10-31 10398754 d:MotorVehicles 2023-10-31 10398754 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10398754 d:FurnitureFittings 2023-11-01 2024-10-31 10398754 d:FurnitureFittings 2024-10-31 10398754 d:FurnitureFittings 2023-10-31 10398754 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10398754 d:OfficeEquipment 2023-11-01 2024-10-31 10398754 d:OfficeEquipment 2024-10-31 10398754 d:OfficeEquipment 2023-10-31 10398754 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10398754 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 10398754 d:OtherPropertyPlantEquipment 2024-10-31 10398754 d:OtherPropertyPlantEquipment 2023-10-31 10398754 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10398754 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10398754 d:CurrentFinancialInstruments 2024-10-31 10398754 d:CurrentFinancialInstruments 2023-10-31 10398754 d:Non-currentFinancialInstruments 2024-10-31 10398754 d:Non-currentFinancialInstruments 2023-10-31 10398754 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10398754 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10398754 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 10398754 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 10398754 d:ShareCapital 2024-10-31 10398754 d:ShareCapital 2023-10-31 10398754 d:RetainedEarningsAccumulatedLosses 2024-10-31 10398754 d:RetainedEarningsAccumulatedLosses 2023-10-31 10398754 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-10-31 10398754 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 10398754 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 10398754 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 10398754 c:FRS102 2023-11-01 2024-10-31 10398754 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10398754 c:FullAccounts 2023-11-01 2024-10-31 10398754 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10398754 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 10398754 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 10398754 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 10398754 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 10398754 d:HirePurchaseContracts d:MoreThanFiveYears 2024-10-31 10398754 d:HirePurchaseContracts d:MoreThanFiveYears 2023-10-31 10398754 2 2023-11-01 2024-10-31 10398754 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-10-31 10398754 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-31 10398754 d:LeasedAssetsHeldAsLessee 2024-10-31 10398754 d:LeasedAssetsHeldAsLessee 2023-10-31 10398754 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 10398754









CJP NAIL SYSTEMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CJP NAIL SYSTEMS LIMITED
REGISTERED NUMBER: 10398754

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
733,390
784,981

  
733,390
784,981

Current assets
  

Stocks
  
26,000
45,205

Debtors: amounts falling due within one year
 5 
729,854
766,987

Cash at bank and in hand
 6 
1,905,077
1,724,400

  
2,660,931
2,536,592

Creditors: amounts falling due within one year
 7 
(304,619)
(389,807)

Net current assets
  
 
 
2,356,312
 
 
2,146,785

Total assets less current liabilities
  
3,089,702
2,931,766

Creditors: amounts falling due after more than one year
 8 
(43,151)
(45,984)

Provisions for liabilities
  

Deferred tax
 11 
(38,407)
(47,523)

  
 
 
(38,407)
 
 
(47,523)

Net assets
  
3,008,144
2,838,259


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,008,044
2,838,159

  
3,008,144
2,838,259


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.

Page 1

 
CJP NAIL SYSTEMS LIMITED
REGISTERED NUMBER: 10398754
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

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 30 May 2025.




Gemma Porch
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

CJP Nail Systems Limited (company number 10398754) is a private company limited by shares, registered in England and Wales. Its registered office is at Unit 4 Pepper Road, Hazel Grove, Stockport, Cheshire, SK7 5BW.

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

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:

Sale of goods

Revenue 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 revenue 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.

 
2.3

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.

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
Plant and machinery
-
15%
Motor vehicles
-
20%
Fixtures and fittings
-
15%
Office equipment
-
15%
Other fixed assets
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The
Page 6

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic 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.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities
Page 7

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)


Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.15

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.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 11).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Other fixed assets

£
£
£
£
£
£



Cost or valuation


At 1 November 2023
563,942
227,396
77,474
7,537
10,726
128,755


Additions
-
-
-
-
835
-



At 31 October 2024

563,942
227,396
77,474
7,537
11,561
128,755



Depreciation


At 1 November 2023
37,069
106,606
16,528
3,622
5,154
61,870


Charge for the year on owned assets
10,537
18,119
12,189
587
961
10,033



At 31 October 2024

47,606
124,725
28,717
4,209
6,115
71,903



Net book value



At 31 October 2024
516,336
102,671
48,757
3,328
5,446
56,852



At 31 October 2023
526,873
120,790
60,946
3,915
5,572
66,885
Page 8

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 November 2023
1,015,830


Additions
835



At 31 October 2024

1,016,665



Depreciation


At 1 November 2023
230,849


Charge for the year on owned assets
52,426



At 31 October 2024

283,275



Net book value



At 31 October 2024
733,390



At 31 October 2023
784,981

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
48,757
60,946

48,757
60,946


5.


Debtors

2024
2023
£
£


Trade debtors
17,107
23,880

Other debtors
707,026
730,465

Prepayments and accrued income
5,721
12,642

729,854
766,987
Page 9

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.Debtors (continued)



Included within other debtors due within one year is a joint loan to Mr James Porch and Mrs Gemma Porch, directors, amounting to £57,133 (2023 - £71,915). Amounts advanced during the year £287,859 and amounts repaid during the year totalled £302,641.  Outstanding directors loan of £57,133 was repaid after the year end on the 6 April 2025. The main conditions were as follows:

the loan is interest free and repayable on demand.


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,905,077
1,724,400

1,905,077
1,724,400



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
23,709
86,250

Corporation tax
168,469
190,367

Other taxation and social security
98,428
101,295

Obligations under finance lease and hire purchase contracts
2,836
2,836

Other creditors
-
1,500

Accruals and deferred income
11,177
7,559

304,619
389,807



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
43,151
45,984

43,151
45,984


Page 10

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,836
2,836

Between 1-5 years
11,344
11,344

Over 5 years
31,807
34,638

45,987
48,818


10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,905,077
1,724,400




Financial assets measured at fair value through profit or loss comprise of cash at bank.


11.


Deferred taxation




2024


£






At beginning of year
(47,523)


Charged to profit or loss
9,116



At end of year
(38,407)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(38,407)
(47,523)

(38,407)
(47,523)

Page 11

 
CJP NAIL SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £127,111 (2023 - £86,082) .Contributions totalling £0 (2023 - £0) were payable to the fund at the balance sheet date and are included in creditors.


13.


Related party transactions

Included within other debtors is a loan in the amount of £13,240 (2023: £23,240) to CJP Education Ltd, a company registered in England and Wales. The directors Gemma Porch and James Porch are 100% shareholders and directors. The loan is interest free and repayable on demand.
Included within other debtors is a loan in the amount of £635,310 (2023: £635,310) to Meadows Property Rentals Ltd, a company registered in England and Wales. The director James Porch is 100% shareholder and director. The loan is interest free and repayable on demand.

 
Page 12