ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-06-302022-06-3022No description of principal activity2021-07-01falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06928940 2021-07-01 2022-06-30 06928940 2020-07-01 2021-06-30 06928940 2022-06-30 06928940 2021-06-30 06928940 c:Director1 2021-07-01 2022-06-30 06928940 d:OfficeEquipment 2021-07-01 2022-06-30 06928940 d:OfficeEquipment 2022-06-30 06928940 d:OfficeEquipment 2021-06-30 06928940 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 06928940 d:ComputerEquipment 2021-07-01 2022-06-30 06928940 d:ComputerEquipment 2022-06-30 06928940 d:ComputerEquipment 2021-06-30 06928940 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 06928940 d:OwnedOrFreeholdAssets 2021-07-01 2022-06-30 06928940 d:CurrentFinancialInstruments 2022-06-30 06928940 d:CurrentFinancialInstruments 2021-06-30 06928940 d:Non-currentFinancialInstruments 2022-06-30 06928940 d:Non-currentFinancialInstruments 2021-06-30 06928940 c:FRS102 2021-07-01 2022-06-30 06928940 c:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 06928940 c:FullAccounts 2021-07-01 2022-06-30 06928940 c:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 06928940

CEMYK LTD

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2022

CEMYK LTD

REGISTERED NUMBER: 06928940

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2022

		2022		2021
Note		£		£


Fixed assets
Tangible assets	4		3,499		2,263
			3,499		2,263
Current assets
Debtors: amounts falling due within one year	5	5,136		9,220
Cash at bank and in hand		32,859		47,733
		37,995		56,953
Creditors: amounts falling due within one year	6	(17,078)		(33,888)
Net current assets			20,917		23,065
Total assets less current liabilities			24,416		25,328

Creditors: amounts falling due after more than one year	7		(8,436)		-
Total assets less current liabilities			15,980		25,328


Net assets			15,980		25,328

Capital and reserves
Called up share capital	100	100
Profit and loss account	15,880	25,228
	15,980	25,328

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.

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CEMYK LTD

REGISTERED NUMBER: 06928940

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2022

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 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 23 January 2023.

M. Richards

Director

The notes on pages 3 to 6 form part of these financial statements.

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CEMYK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

1.	General information

CEMYK Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.
The financial statements are presented in Sterling, which is the functional currency of the company.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

2.3

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, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	25% Straight Line
				Computer equipment	-	33.3% Straight Line

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.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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CEMYK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

2.8

Creditors

Short term creditors are measured at the transaction price.

2.9

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.

2.10

Dividends

Equity dividends are recognised when they become legally payable.

2.11

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 reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

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CEMYK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

4.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 July 2021	2,732	9,389	12,121
Additions	2,098	360	2,458
At 30 June 2022	4,830	9,749	14,579
Depreciation
At 1 July 2021	2,502	7,356	9,858
Charge for the year on owned assets	86	1,136	1,222
At 30 June 2022	2,588	8,492	11,080
Net book value
At 30 June 2022	2,242	1,257	3,499
At 30 June 2021	230	2,033	2,263

Debtors

					2022	2021
					£	£


Trade debtors	4,750	8,872
Other debtors	386	348
	5,136	9,220

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CEMYK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	2,376	1,200
Corporation tax	18	8,177
Other creditors	9,735	9,406
Accruals	2,200	2,200
Bounce back loan	2,749	12,905
	17,078	33,888

7.	Creditors: Amounts falling due after more than one year
		2022	2021
		£	£

Bounce back loan	8,436	-
	8,436	-

The company enjoyed a bounce back loan following the effect of Covid-19. The loan was for £12,905 and is repayable over 6 years commencing one year after 13/10/2020 at an initial rate of 2.5%.

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