Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3012true2023-10-01falsePromoting Cambridge as centre of excellence for wireless technologies expertise by bringing together a wide range of member companies from inside and outside the region who share this objective13trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06529916 2023-10-01 2024-09-30 06529916 2022-10-01 2023-09-30 06529916 2024-09-30 06529916 2023-09-30 06529916 c:Director13 2023-10-01 2024-09-30 06529916 d:OfficeEquipment 2023-10-01 2024-09-30 06529916 d:OfficeEquipment 2024-09-30 06529916 d:OfficeEquipment 2023-09-30 06529916 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06529916 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 06529916 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 06529916 d:CurrentFinancialInstruments 2024-09-30 06529916 d:CurrentFinancialInstruments 2023-09-30 06529916 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06529916 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06529916 d:OtherMiscellaneousReserve 2024-09-30 06529916 d:OtherMiscellaneousReserve 2023-09-30 06529916 d:RetainedEarningsAccumulatedLosses 2024-09-30 06529916 d:RetainedEarningsAccumulatedLosses 2023-09-30 06529916 c:FRS102 2023-10-01 2024-09-30 06529916 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06529916 c:FullAccounts 2023-10-01 2024-09-30 06529916 c:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 06529916 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-10-01 2024-09-30 06529916 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 06529916









CAMBRIDGE WIRELESS LIMITED
(A Company Limited by Guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
CAMBRIDGE WIRELESS LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06529916

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
70,339
-

Tangible assets
 5 
10,223
18,649

  
80,562
18,649

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
352,242
413,736

Cash at bank and in hand
  
320,206
417,290

  
672,448
831,026

Creditors: amounts falling due within one year
 7 
(519,644)
(504,021)

NET CURRENT ASSETS
  
 
 
152,804
 
 
327,005

TOTAL ASSETS LESS CURRENT LIABILITIES
  
233,366
345,654

  

NET ASSETS
  
233,366
345,654


CAPITAL AND RESERVES
  

Other reserves
  
14,375
14,375

Profit and loss account
  
218,991
331,279

  
233,366
345,654


Page 1

 
CAMBRIDGE WIRELESS LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 06529916
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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.

The Company has opted not to file the profit and loss account 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 by: 




M Eschbach
Director

Date: 26 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Cambridge Wireless Limited is a private limited company limited by guarantee incorporated in England and Wales. Its registered address is Salisbury House, Station Road, Cambridge, CB1 2LA. 

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

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.

 
2.3

REVENUE

Turnover comprises revenue recognised by the Company in respect of membership fees receivable, event income and the related sponsorship fees receivable, project income and grants receivable, exclusive of Value Added Tax.
The relevant proportion of any membership subscriptions entered into for a twelve month period, which fall into the following financial period, have been carried forward on the balance sheet as deferred income.
Any event income and the related sponsorship fees for events which fall into the following period have also been carried forward on the balance sheet as deferred income.
Project income and grant income is recognised as the risks and rewards of the project are passed based on the milestones achieved together with associated costs for project recognised in the same period.

Page 3

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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.

 
2.5

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.


 
2.7

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years with amortisation commencing from the point the capitalised asset is first available for use.  

 
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

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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:

Office equipment
-
25% to 33%

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

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 13 (2023 - 12).

Page 5

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


INTANGIBLE ASSETS




Website development costs

£



COST


Additions
70,339



At 30 September 2024

70,339






NET BOOK VALUE



At 30 September 2024
70,339



At 30 September 2023
-



Page 6

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


TANGIBLE FIXED ASSETS





Office equipment

£



COST OR VALUATION


At 1 October 2023
101,288



At 30 September 2024

101,288



DEPRECIATION


At 1 October 2023
82,639


Charge for the year on owned assets
8,426



At 30 September 2024

91,065



NET BOOK VALUE



At 30 September 2024
10,223



At 30 September 2023
18,649


6.


DEBTORS

2024
2023
£
£


Trade debtors
113,233
298,707

Other debtors
40,490
90,193

Prepayments and accrued income
198,519
24,836

352,242
413,736


Page 7

 
CAMBRIDGE WIRELESS LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
268,691
252,859

Other taxation and social security
19,158
22,500

Other creditors
2,243
15,201

Accruals and deferred income
229,552
213,461

519,644
504,021


Included within other creditors are amounts due to the defined contribution pension scheme of £NIL (2023 - £11,658).



8.


COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


9.


RELATED PARTY TRANSACTIONS

During the year, there was expenditure of £48,123 (2023 - £26,462) paid to Chris Bruce Consulting Ltd, a company in which C F Bruce is a mutual director.
During the year, there was membership income of £360 (2023 - £NIL) received from Synergy Organisational Solutions Ltd, a company in which O D Orugboh is a mutual director.
During the year, there was expenditure of £1,000 (2023 - £NIL) paid to Cambridge Product Marketing Ltd, a company in which C M Ramage is a mutual director.
During the year, there was membership income of £180 (2023 - £198) received from Stephen Unger Consulting Ltd, a company in which S W Unger (resigned 29 May 2024) was a mutual director.

 
Page 8