Registration number:
for the Period from 1 January 2024 to
Cuesz Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Cuesz Limited
Company Information
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Directors |
Mr M R Beveridge Mr G J Moore |
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Registered office |
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Accountants |
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Cuesz Limited
(Registration number: 13061854)
Balance Sheet as at 30 September 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Intangible assets |
- |
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Tangible assets |
- |
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- |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net (liabilities)/assets |
( |
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Capital and reserves |
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Called up share capital |
20 |
20 |
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Share premium reserve |
199,407 |
199,407 |
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Retained earnings |
(217,724) |
(103,533) |
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Shareholders' (deficit)/funds |
(18,297) |
95,894 |
For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Cuesz Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Cuesz Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office equipment |
33% straight line |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Development costs |
10 years straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Cuesz Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024
Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Cuesz Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024
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Intangible assets |
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Development costs
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Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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Disposals |
( |
( |
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At 30 September 2024 |
- |
- |
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Amortisation |
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At 1 January 2024 |
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Amortisation eliminated on disposals |
( |
( |
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At 30 September 2024 |
- |
- |
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Carrying amount |
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At 30 September 2024 |
- |
- |
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At 31 December 2023 |
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Tangible assets |
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Office equipment |
Total |
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Cost or valuation |
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At 1 January 2024 |
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Disposals |
( |
( |
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At 30 September 2024 |
- |
- |
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Depreciation |
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At 1 January 2024 |
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Eliminated on disposal |
( |
( |
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At 30 September 2024 |
- |
- |
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Carrying amount |
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At 30 September 2024 |
- |
- |
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At 31 December 2023 |
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Cuesz Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024
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Debtors |
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Current |
2024 |
2023 |
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Prepayments |
- |
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Other debtors |
- |
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- |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
- |
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Accruals and deferred income |
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Other creditors |
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Cuesz Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 30 September 2024
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Loans and borrowings |
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2024 |
2023 |
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Current loans and borrowings |
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Directors' loan accounts |
- |
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