REGISTERED NUMBER: 05111619 (England and Wales)

Financial Statements for the Year Ended 30 September 2024

for

Camskill (UK) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Bowskill

REGISTERED OFFICE:

Unit 1 Pottery Road

Off Coach Road

Whitehaven

Cumbria

CA28 9BZ

REGISTERED NUMBER:

05111619 (England and Wales)

SENIOR STATUTORY AUDITOR:

Anthony James Brice

AUDITOR:

Annatrice Limited

Statutory Auditor

10 The Thoroughfare

Harleston

Norfolk

IP20 9AX

FIXED ASSETS

Intangible assets

4

50,209

106,986

Tangible assets

5

377,041

428,060

427,250

535,046

CURRENT ASSETS

Stocks

348,270

503,985

Debtors

216,435

135,460

Investments

966,015

500,000

Cash at bank

901,698

1,233,040

2,432,418

2,372,485

CREDITORS

Amounts falling due within one year

1,505,009

1,580,338

NET CURRENT ASSETS

927,409

792,147

TOTAL ASSETS LESS CURRENT LIABILITIES

1,354,659

1,327,193

PROVISIONS FOR LIABILITIES

32,580

61,685

NET ASSETS

1,322,079

1,265,508

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,312,079

1,255,508

SHAREHOLDERS' FUNDS

1,322,079

1,265,508

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:

S Bowskill - Director

1.	STATUTORY INFORMATION

Camskill (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents the value of goods and services provided during the year, exclusive of Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been amortised over its economic life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. The company does not have any loans or investments.

The company enters into forward exchange contracts to obtain foreign currency for the purchase of certain goods from overseas. Any outstanding amounts on these derivatives at the balance sheet date are measured at fair value through the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated and is amortised evenly over the period of time that the company is expected to benefit.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

and 30 September 2024

583,228

AMORTISATION

At 1 October 2023

476,242

Amortisation for year

56,777

At 30 September 2024

533,019

NET BOOK VALUE

At 30 September 2024

50,209

At 30 September 2023

106,986

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

869,145

Additions

25,311

Disposals

(11,000

)

At 30 September 2024

883,456

DEPRECIATION

At 1 October 2023

441,085

Charge for year

68,080

Eliminated on disposal

(2,750

)

At 30 September 2024

506,415

NET BOOK VALUE

At 30 September 2024

377,041

At 30 September 2023

428,060

Included in cost of land and buildings is freehold land of £ 175,483 (2023 - £ 175,483 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 October 2023

and 30 September 2024

56,967

DEPRECIATION

At 1 October 2023

56,399

Charge for year

568

At 30 September 2024

56,967

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

568

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.9.24

30.9.23

£

£

Net obligations repayable:

Within one year

-

11,077

Non-cancellable

operating leases

30.9.24

30.9.23

£

£

Within one year

15,840

15,840

Between one and five years

13,200

29,040

29,040

44,880

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Hire purchase contracts

-

11,077

The hire purchase liability is secured on the related item included within computer equipment in tangible fixed assets.

8.	FINANCIAL INSTRUMENTS

All of the company's financial instruments are basic financial instruments with the exception of derivatives. Basic financial instruments are measured at amortised historic cost less amounts written off for impairments. Derivatives are measured at fair value through the profit and loss account.

Derivatives consist of foreign exchange forward contracts with a total fair value at the balance sheet date of £nil receivable (2022: £5,839). This balance is included within other debtors due within one year. The total value of outstanding currency contacts was $nil (2022: $177,869).

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Anthony James Brice (Senior Statutory Auditor)

for and on behalf of Annatrice Limited

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S Bowskill.

The ultimate controlling party is S Bowskill.