Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 Supply of bioceramics and medical materials The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.9 2024-04-01 false 9 true true false 04333637 2024-04-01 2025-03-31 04333637 2023-04-01 2024-03-31 04333637 2025-03-31 04333637 2024-03-31 04333637 2023-04-01 04333637 2 2024-04-01 2025-03-31 04333637 d:Director1 2024-04-01 2025-03-31 04333637 e:Buildings e:LongLeaseholdAssets 2024-04-01 2025-03-31 04333637 e:Buildings e:LongLeaseholdAssets 2025-03-31 04333637 e:Buildings e:LongLeaseholdAssets 2024-03-31 04333637 e:PlantMachinery 2024-04-01 2025-03-31 04333637 e:PlantMachinery 2025-03-31 04333637 e:PlantMachinery 2024-03-31 04333637 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04333637 e:MotorVehicles 2024-04-01 2025-03-31 04333637 e:MotorVehicles 2025-03-31 04333637 e:MotorVehicles 2024-03-31 04333637 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04333637 e:FurnitureFittings 2024-04-01 2025-03-31 04333637 e:FurnitureFittings 2025-03-31 04333637 e:FurnitureFittings 2024-03-31 04333637 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04333637 e:OfficeEquipment 2024-04-01 2025-03-31 04333637 e:OfficeEquipment 2025-03-31 04333637 e:OfficeEquipment 2024-03-31 04333637 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04333637 e:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04333637 e:CurrentFinancialInstruments 2025-03-31 04333637 e:CurrentFinancialInstruments 2024-03-31 04333637 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-31 04333637 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 04333637 e:ShareCapital 2024-04-01 2025-03-31 04333637 e:ShareCapital 2025-03-31 04333637 e:ShareCapital 2023-04-01 2024-03-31 04333637 e:ShareCapital 2024-03-31 04333637 e:ShareCapital 2023-04-01 04333637 e:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 04333637 e:RetainedEarningsAccumulatedLosses 2025-03-31 04333637 e:RetainedEarningsAccumulatedLosses 2 2024-04-01 2025-03-31 04333637 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04333637 e:RetainedEarningsAccumulatedLosses 2024-03-31 04333637 e:RetainedEarningsAccumulatedLosses 2023-04-01 04333637 d:FRS102 2024-04-01 2025-03-31 04333637 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04333637 d:FullAccounts 2024-04-01 2025-03-31 04333637 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04333637 e:WithinOneYear 2025-03-31 04333637 e:WithinOneYear 2024-03-31 04333637 e:BetweenOneFiveYears 2025-03-31 04333637 e:BetweenOneFiveYears 2024-03-31 04333637 e:MoreThanFiveYears 2025-03-31 04333637 e:MoreThanFiveYears 2024-03-31 04333637 e:AcceleratedTaxDepreciationDeferredTax 2025-03-31 04333637 e:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04333637 e:OtherDeferredTax 2025-03-31 04333637 e:OtherDeferredTax 2024-03-31 04333637 e:ShareCapital 2 2024-04-01 2025-03-31 04333637 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 04333637 CERAMISYS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CERAMISYS LIMITED REGISTERED NUMBER: 04333637 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 16,021 |  | 593,175
Current assets |  |  |  |  |
Stocks |  | 287,262 |  | 392,922 |
Debtors: amounts falling due within one year | 5 | 283,825 |  | 592,035 |
Cash at bank and in hand |  | 305,487 |  | 1,178,285 |
|  | 876,574 |  | 2,163,242 |
Creditors: amounts falling due within one year | 6 | (141,057) |  | (226,493) |
Net current assets |  |  | 735,517 |  | 1,936,749
Total assets less current liabilities |  |  | 751,538 |  | 2,529,924
Provisions for liabilities |  |  |  |  |
Deferred tax | 7 |  | (3,941) |  | (97,073)
Net assets |  |  | 747,597 |  | 2,432,851
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 746,597 |  | 2,431,851
|  |  | 747,597 |  | 2,432,851
Page 1
CERAMISYS LIMITED REGISTERED NUMBER: 04333637 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 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 statement of comprehensive income 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 6 November 2025.
W Austin
Director
The notes on pages 4 to 9 form part of these financial statements. Page 2
CERAMISYS LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 April 2023 | 1,000 | 2,125,513 | 2,126,513
Comprehensive income for the year |  |  |
Profit for the year | - | 306,338 | 306,338
Total comprehensive income for the year | - | 306,338 | 306,338
At 1 April 2024 | 1,000 | 2,431,851 | 2,432,851
Comprehensive income for the year |  |  |
Profit for the year | - | 246,671 | 246,671
Contributions by and distributions to owners |  |  |
Contributions to Employee Ownership Trust | - | (1,931,925) | (1,931,925)
Total transactions with owners | - | (1,931,925) | (1,931,925)
At 31 March 2025 | 1,000 | 746,597 | 747,597
| The notes on pages 4 to 9 form part of these financial statements.
Page 3
CERAMISYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Ceramisys Limited is a private company limited by shares, incorporated in England and Wales (registered number: 04333637). Its registered office is 914 Herries Road, Sheffield, South Yorkshire, S6 1QW. The principal activity of the Company throughout the year continued to be the supply of bioceramics and medical materials. 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. 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. Page 4
CERAMISYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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: 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.
| 2.4 | 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 | 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. Page 5
CERAMISYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.6 | 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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:
|  |  |  | Plant & machinery | - | 25% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Laboratory equipment | - | 25% | reducing balance
|  |  |  | Office equipment | - | 25% | reducing balance
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.
| 2.7 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 9 (2024 - 9).
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CERAMISYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Long Leasehold property | Plant & machinery | Motor vehicles | Laboratory equipment | Office equipment | Total
|  | £ | £ | £ | £ | £ | £
| Cost |  |  |  |  |  |
| At 1 April 2024 | 729,863 | 75,814 | 15,570 | 47,813 | 48,789 | 917,849
| Additions | - | - | - | - | 235 | 235
| Disposals | (729,863) | - | - | - | (24,147) | (754,010)
| At 31 March 2025 | - | 75,814 | 15,570 | 47,813 | 24,877 | 164,074
| Depreciation |  |  |  |  |  |
| At 1 April 2024 | 160,335 | 69,495 | 14,645 | 42,048 | 38,152 | 324,675
| Charge for the year on owned assets | - | 1,608 | 231 | 1,444 | 2,428 | 5,711
| Disposals | (160,335) | - | - | - | (21,998) | (182,333)
| At 31 March 2025 | - | 71,103 | 14,876 | 43,492 | 18,582 | 148,053
| Net book value |  |  |  |  |  |
| At 31 March 2025 | - | 4,711 | 694 | 4,321 | 6,295 | 16,021
| At 31 March 2024 | 569,528 | 6,319 | 925 | 5,765 | 10,638 | 593,175
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 190,307 | 314,406
| Other debtors | 65,336 | 249,761
| Prepayments and accrued income | 28,182 | 27,868
|  | 283,825 | 592,035
Page 7
CERAMISYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 67,659 | 98,391
| Corporation tax | 53,394 | 110,484
| Other taxation and social security | 9,136 | -
| Other creditors | 848 | 1,423
| Accruals and deferred income | 10,020 | 16,195
|  | 141,057 | 226,493
7. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 97,073 | 99,267
| Charged to profit or loss | (93,132) | (2,194)
| At end of year | 3,941 | 97,073
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 4,006 | 97,135
| Pension creditor | (65) | (62)
|  | 3,941 | 97,073
Page 8
CERAMISYS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | 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 £3,116 (2024: £2,229). Contributions totalling £608 (£2024: £575) were payabe to the fund at the balance sheet date and are included in creditors.
9. | Commitments under operating leases
| At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 61,500 | -
| Later than 1 year and not later than 5 years | 246,000 | -
| Later than 5 years | 280,132 | -
|  | 587,632 | -
10. | Related party transactions
| Included within other debtors are loans to directors of £2,577 (2024: £186,121). During the year the leasehold proprerty was transferred to a company controlled by W Austin at market valuation of £615,000. On 24 October 2024 the entire share capital of the Company was acquired by Ceramisys EOT Limited ("the Trust"). The Trust holds shares for the future benefit of the employees of the Company. The shares are held by Ceramisys EOT Limited in its capacity as corporate trustee of the Trust. The funding for the transaction (and associated costs) was partially achieved through an initial contribution by the Company. The balance of the consideration was funded by the previous owners of the business. The loans due to the previous owners of the business are an obligation of the Trust, and so the liability for future payments has not been recognised by the Company. During the year the Company made contributions of £1,931,925 to theTrust.
11. | Controlling party
As mentioned above on 24 October 2024 the Ceramisys Employee-Ownership Trust became the beneficial owner of the shares in Ceramisys Limited.
Page 9