Cunicon Limited Filleted accounts for Companies House (small and micro)

10 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 162,982 18,079 181,061 100,015 12,157 112,172 68,889 62,967 xbrli:pure xbrli:shares iso4217:GBP 05605891 2022-11-01 2023-10-31 05605891 2023-10-31 05605891 2022-10-31 05605891 2021-11-01 2022-10-31 05605891 2022-10-31 05605891 2021-10-31 05605891 core:PlantMachinery 2022-11-01 2023-10-31 05605891 bus:Director1 2022-11-01 2023-10-31 05605891 bus:Director2 2022-11-01 2023-10-31 05605891 core:PlantMachinery 2022-10-31 05605891 core:PlantMachinery 2023-10-31 05605891 core:WithinOneYear 2023-10-31 05605891 core:WithinOneYear 2022-10-31 05605891 core:AfterOneYear 2023-10-31 05605891 core:AfterOneYear 2022-10-31 05605891 core:ShareCapital 2023-10-31 05605891 core:ShareCapital 2022-10-31 05605891 core:RetainedEarningsAccumulatedLosses 2023-10-31 05605891 core:RetainedEarningsAccumulatedLosses 2022-10-31 05605891 core:PlantMachinery 2022-10-31 05605891 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 05605891 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-10-31 05605891 bus:Director1 2022-10-31 05605891 bus:Director1 2023-10-31 05605891 bus:Director2 2022-10-31 05605891 bus:Director2 2023-10-31 05605891 bus:Director1 2022-10-31 05605891 bus:Director2 2022-10-31 05605891 bus:Director1 2021-11-01 2022-10-31 05605891 bus:Director2 2021-11-01 2022-10-31 05605891 bus:SmallEntities 2022-11-01 2023-10-31 05605891 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 05605891 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 05605891 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05605891 bus:FullAccounts 2022-11-01 2023-10-31

COMPANY REGISTRATION NUMBER: 05605891

CUNICON LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 October 2023

CUNICON LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2023

	2023		2022
Note	£	£	£	£

Fixed Assets

Tangible assets	5		68,889		62,967

Current Assets

Stocks		55,000	80,000
Debtors	6	150,548	123,124
Cash at bank and in hand		4,829	7,818
		-----------	-----------
		210,377	210,942

Creditors: amounts falling due within one year	7	163,216		105,296
		-----------		-----------
Net Current Assets			47,161		105,646
			-----------		-----------
Total Assets Less Current Liabilities			116,050		168,613

Creditors: amounts falling due after more than one year	8	28,971	46,418
		-----------	-----------
Net Assets		87,079	122,195
		-----------	-----------

CUNICON LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2023

	2023		2022
Note	£	£	£	£

Capital and Reserves

Called up share capital	100	100
Profit and loss account	86,979	122,095
	---------	-----------
Shareholders Funds	87,079	122,195
	---------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 May 2024 , and are signed on behalf of the board by:

D J Pinder	J Laidler
Director	Director

Company registration number: 05605891

CUNICON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2023

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cunicon Limited, William Wright Dock, Hull, East Riding of Yorkshire, HU34PG, England.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Operating Leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	10% reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance Leases and Hire Purchase Contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 10 (2022: 10 ).

5. Tangible Assets

	Plant and machinery
	£
Cost
At 1 November 2022	162,982
Additions	18,079
	-----------
At 31 October 2023	181,061
	-----------
Depreciation
At 1 November 2022	100,015
Charge for the year	12,157
	-----------
At 31 October 2023	112,172
	-----------
Carrying amount
At 31 October 2023	68,889
	-----------
At 31 October 2022	62,967
	-----------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 31 October 2023	29,466
	---------
At 31 October 2022	21,742
	---------

6. Debtors

	2023	2022
	£	£
Trade debtors	92,868	91,734
Other debtors	57,680	31,390
	-----------	-----------
	150,548	123,124
	-----------	-----------

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	27,054	34,760
Social security and other taxes	78,188	26,039
Other creditors	47,974	34,497
	-----------	-----------
	163,216	105,296
	-----------	-----------

Other creditors includes £18,789 (2022 - £22,728) which is secured against trade debtors. Other creditors also include hire purchase liabilities of £10,713 (2022 - £8,237) which are secured against fixed assets.

8. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	15,833	25,293
Other creditors	13,138	21,125
	---------	---------
	28,971	46,418
	---------	---------

Other creditors include hire purchase liabilities of £13,138 (2022 - £21,125) which are secured against fixed assets.

9. Directors' Advances, Credits and Guarantees

During the year the directors entered into the following advances and credits with the company:

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
D J Pinder	14,417	12,752	27,169
J Laidler	14,416	12,753	27,169
	---------	---------	---------
	28,833	25,505	54,338
	---------	---------	---------

	2022
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
D J Pinder	–	14,417	14,417
J Laidler	–	14,416	14,416
	-----	---------	---------
	–	28,833	28,833
	-----	---------	---------

The balances are repayable on demand and subject to interest at the official rate.