ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-30truefalse2021-10-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11567267 2021-10-01 2022-09-30 11567267 2020-10-01 2021-09-30 11567267 2022-09-30 11567267 2021-09-30 11567267 c:Director1 2021-10-01 2022-09-30 11567267 d:CurrentFinancialInstruments 2022-09-30 11567267 d:CurrentFinancialInstruments 2021-09-30 11567267 d:Non-currentFinancialInstruments 2022-09-30 11567267 d:Non-currentFinancialInstruments 2021-09-30 11567267 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 11567267 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 11567267 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 11567267 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 11567267 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 11567267 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-09-30 11567267 d:ShareCapital 2022-09-30 11567267 d:ShareCapital 2021-09-30 11567267 d:RetainedEarningsAccumulatedLosses 2022-09-30 11567267 d:RetainedEarningsAccumulatedLosses 2021-09-30 11567267 c:FRS102 2021-10-01 2022-09-30 11567267 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 11567267 c:FullAccounts 2021-10-01 2022-09-30 11567267 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure

Registered number: 11567267

KREST SF LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2022

KREST SF LIMITED

REGISTERED NUMBER: 11567267

BALANCE SHEET

AS AT 30 SEPTEMBER 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	98,278		91,693
Cash at bank and in hand	5	20,747		8,894
		119,025		100,587
Creditors: amounts falling due within one year	6	(65,057)		(41,429)
Net current assets			53,968		59,158
Total assets less current liabilities			53,968		59,158
Creditors: amounts falling due after more than one year	7		(43,709)		(48,757)

Net assets			10,259		10,401

Capital and reserves
Called up share capital	1	1
Profit and loss account	10,258	10,400
	10,259	10,401

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KREST SF LIMITED

REGISTERED NUMBER: 11567267

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2022

The director considers 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 director acknowledges his 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 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 by:

................................................

K Akhter

Director

Date: 28 September 2023

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

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KREST SF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.	General information

Krest SF Limited is a private company, limited by shares, domiciled in England and Wales,
registration number 11567267. The registered office is Suite 114 Unit 3, Victoria Road, London, W3 6FA

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 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, 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

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.

Page 3

KREST SF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

2.4

Borrowing costs

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

2.5

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.

2.6

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.

2.7

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.

2.8

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.

2.9

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

KREST SF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Debtors

					2022	2021
					£	£


Trade debtors	15,546	68,574
Other debtors	82,732	23,119
	98,278	91,693

5.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	20,747	8,894
	20,747	8,894

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

Trade creditors	11,169	16,424
Other taxation and social security	-	897
Other creditors	42,538	-
Accruals and deferred income	11,350	24,108
	65,057	41,429

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

Bank loans	43,709	48,757
	43,709	48,757

Page 5

KREST SF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022



Amounts falling due 2-5 years
Bank loans	43,709	48,757
	43,709	48,757

	43,709	48,757

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