Caseware UK (AP4) 2021.0.152 2021.0.152 2021-10-312021-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2020-11-01falseHire and erection of scaffolding11true 5229165 2020-11-01 2021-10-31 5229165 2019-11-01 2020-10-31 5229165 2021-10-31 5229165 2020-10-31 5229165 2019-11-01 5229165 c:Director1 2020-11-01 2021-10-31 5229165 d:PlantMachinery 2020-11-01 2021-10-31 5229165 d:PlantMachinery 2021-10-31 5229165 d:PlantMachinery 2020-10-31 5229165 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 5229165 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 5229165 d:MotorVehicles 2020-11-01 2021-10-31 5229165 d:MotorVehicles 2021-10-31 5229165 d:MotorVehicles 2020-10-31 5229165 d:MotorVehicles d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 5229165 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 5229165 d:FurnitureFittings 2020-11-01 2021-10-31 5229165 d:FurnitureFittings 2021-10-31 5229165 d:FurnitureFittings 2020-10-31 5229165 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 5229165 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 5229165 d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 5229165 d:LeasedAssetsHeldAsLessee 2020-11-01 2021-10-31 5229165 d:Goodwill 2020-11-01 2021-10-31 5229165 d:Goodwill 2021-10-31 5229165 d:Goodwill 2020-10-31 5229165 d:CurrentFinancialInstruments 2021-10-31 5229165 d:CurrentFinancialInstruments 2020-10-31 5229165 d:Non-currentFinancialInstruments 2021-10-31 5229165 d:Non-currentFinancialInstruments 2020-10-31 5229165 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 5229165 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 5229165 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 5229165 d:Non-currentFinancialInstruments d:AfterOneYear 2020-10-31 5229165 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-10-31 5229165 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-10-31 5229165 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 5229165 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-10-31 5229165 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-10-31 5229165 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-10-31 5229165 d:UKTax 2020-11-01 2021-10-31 5229165 d:UKTax 2019-11-01 2020-10-31 5229165 d:ShareCapital 2021-10-31 5229165 d:ShareCapital 2020-10-31 5229165 d:RetainedEarningsAccumulatedLosses 2021-10-31 5229165 d:RetainedEarningsAccumulatedLosses 2020-10-31 5229165 c:OrdinaryShareClass1 2020-11-01 2021-10-31 5229165 c:OrdinaryShareClass1 2021-10-31 5229165 c:OrdinaryShareClass1 2020-10-31 5229165 c:OrdinaryShareClass2 2020-11-01 2021-10-31 5229165 c:OrdinaryShareClass2 2021-10-31 5229165 c:OrdinaryShareClass2 2020-10-31 5229165 c:FRS102 2020-11-01 2021-10-31 5229165 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 5229165 c:FullAccounts 2020-11-01 2021-10-31 5229165 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 5229165 d:HirePurchaseContracts d:WithinOneYear 2021-10-31 5229165 d:HirePurchaseContracts d:WithinOneYear 2020-10-31 5229165 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-10-31 5229165 d:HirePurchaseContracts d:BetweenOneFiveYears 2020-10-31 5229165 d:AcceleratedTaxDepreciationDeferredTax 2021-10-31 5229165 d:AcceleratedTaxDepreciationDeferredTax 2020-10-31 5229165 2 2020-11-01 2021-10-31 5229165 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-10-31 5229165 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 5229165









EXTERNAL BUILDING SERVICES LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2021

 
EXTERNAL BUILDING SERVICES LIMITED
REGISTERED NUMBER: 5229165

BALANCE SHEET
AS AT 31 OCTOBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 6 
75,756
78,356

Current assets
  

Debtors: amounts falling due within one year
 7 
88,803
102,152

Cash at bank and in hand
 8 
100
11,330

  
88,903
113,482

Creditors: amounts falling due within one year
 9 
(79,478)
(63,691)

Net current assets
  
 
 
9,425
 
 
49,791

Total assets less current liabilities
  
85,181
128,147

Creditors: amounts falling due after more than one year
 10 
(61,600)
(69,500)

Provisions for liabilities
  

Deferred tax
 13 
(14,394)
(14,888)

Net assets
  
9,187
43,759


Capital and reserves
  

Called up share capital 
 14 
300
300

Profit and loss account
  
8,887
43,459

  
9,187
43,759


Page 1

 
EXTERNAL BUILDING SERVICES LIMITED
REGISTERED NUMBER: 5229165
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2021

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 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 1 August 2022.




M Spiers
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.


General information

External Building Services Limited is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The address of the principal place of business is Bretts Farm, Romford Road, Aveley, Essex, RM15 4XD. The principal activity of the company was that of hire and erection of scaffolding. 

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:

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

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

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 Statement of comprehensive income in the same period as the related expenditure.

Page 3

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

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.

Page 4

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.10

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Furniture, fittings and equipment
-
25%

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

 
2.15

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.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 -1).


4.


Intangible assets




Goodwill

£





At 1 November 2020
130,000


Disposals
(130,000)



At 31 October 2021

-





At 1 November 2020
130,000


On disposals
(130,000)



At 31 October 2021

-



Net book value



At 31 October 2021
-



At 31 October 2020
-



Page 6

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

5.


Taxation


2021
2020
£
£

Corporation tax


Current tax on profits for the year
7,425
-


Deferred tax


Origination and reversal of timing differences
(494)
13,239


Taxation on profit on ordinary activities
6,931
13,239

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2020 -higher than) the standard rate of corporation tax in the UK of 19% (2020 -19%). The differences are explained below:

2021
2020
£
£


Profit on ordinary activities before tax
42,358
68,897


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2020 -19%)
8,048
13,090

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
100
-

Capital allowances for year in excess of depreciation
(575)
(13,239)

Utilisation of tax losses
(148)
-

Unrelieved tax losses carried forward
-
149

Deferred tax timing differences leading to an (decrease)/increase in the tax charge
(494)
13,239

Total tax charge for the year
6,931
13,239


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 7

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

6.


Tangible fixed assets





Plant and machinery
Motor vehicles
Furniture, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2020
55,456
48,195
1,577
105,228


Additions
22,654
-
-
22,654



At 31 October 2021

78,110
48,195
1,577
127,882



Depreciation


At 1 November 2020
13,864
12,049
959
26,872


Charge for the year on owned assets
16,062
-
155
16,217


Charge for the year on financed assets
-
9,037
-
9,037



At 31 October 2021

29,926
21,086
1,114
52,126



Net book value



At 31 October 2021
48,184
27,109
463
75,756



At 31 October 2020
41,592
36,146
618
78,356

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Motor vehicles
27,109
36,146

Page 8

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

7.


Debtors

2021
2020
£
£


Trade debtors
23,939
38,864

Other debtors
58,327
58,054

Prepayments and accrued income
6,537
5,234

88,803
102,152



8.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
100
11,330

Less: bank overdrafts
(12,834)
-

(12,734)
11,330



9.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
12,834
-

Bank loans
4,444
3,333

Trade creditors
27,485
42,000

Corporation tax
10,628
10,459

Other taxation and social security
3,481
222

Obligations under finance lease and hire purchase contracts
4,938
4,202

Other creditors
11,502
-

Accruals and deferred income
4,166
3,475

79,478
63,691


Page 9

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

10.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
33,704
36,667

Net obligations under finance leases and hire purchase contracts
27,896
32,833

61,600
69,500



11.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
4,444
3,333

Amounts falling due 1-2 years

Bank loans
4,444
8,000

Amounts falling due 2-5 years

Bank loans
13,333
28,667

Amounts falling due after more than 5 years

Bank loans
15,926
-

38,147
40,000


The bounce back loan is both interest and repayment free for the first twelve months. After such time the loan is
repayable over 9 years at an interest rate of 2.5%.


12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2021
2020
£
£


Within one year
4,938
4,202

Between 1-5 years
27,896
32,833

32,834
37,035

Page 10

 
EXTERNAL BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

13.


Deferred taxation




2021
2020


£

£






At beginning of year
(14,888)
(1,649)


(Released)/charged to profit or loss
494
(13,239)



At end of year
(14,394)
(14,888)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(14,394)
(14,888)


14.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



200 (2020 -200) Ordinary A shares of £1.00 each
200
200
100 (2020 -100) Ordinary B shares of £1.00 each
100
100

300

300

Ordinary A and Ordinary B shares shall have independent dividend rights only.



15.


Transactions with directors

Included within other debtors is a loan to the director, M Spiers totalling £30,405 (2020 - £33,721).
Interest is charged on an average basis at the official rate.

 
Page 11