Caseware UK (AP4) 2021.0.152 2021.0.152 2021-10-312021-10-31false2020-11-01No description of principal activity99falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09289599 2020-11-01 2021-10-31 09289599 2019-11-01 2020-10-31 09289599 2021-10-31 09289599 2020-10-31 09289599 c:Director1 2020-11-01 2021-10-31 09289599 d:PlantMachinery 2020-11-01 2021-10-31 09289599 d:PlantMachinery 2021-10-31 09289599 d:PlantMachinery 2020-10-31 09289599 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 09289599 d:MotorVehicles 2020-11-01 2021-10-31 09289599 d:MotorVehicles 2021-10-31 09289599 d:MotorVehicles 2020-10-31 09289599 d:MotorVehicles d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 09289599 d:OfficeEquipment 2020-11-01 2021-10-31 09289599 d:OfficeEquipment 2021-10-31 09289599 d:OfficeEquipment 2020-10-31 09289599 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 09289599 d:OwnedOrFreeholdAssets 2020-11-01 2021-10-31 09289599 d:CurrentFinancialInstruments 2021-10-31 09289599 d:CurrentFinancialInstruments 2020-10-31 09289599 d:Non-currentFinancialInstruments 2021-10-31 09289599 d:Non-currentFinancialInstruments 2020-10-31 09289599 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 09289599 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 09289599 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 09289599 d:Non-currentFinancialInstruments d:AfterOneYear 2020-10-31 09289599 d:ShareCapital 2021-10-31 09289599 d:ShareCapital 2020-10-31 09289599 d:RetainedEarningsAccumulatedLosses 2021-10-31 09289599 d:RetainedEarningsAccumulatedLosses 2020-10-31 09289599 c:OrdinaryShareClass1 2020-11-01 2021-10-31 09289599 c:OrdinaryShareClass1 2021-10-31 09289599 c:OrdinaryShareClass1 2020-10-31 09289599 c:OrdinaryShareClass2 2020-11-01 2021-10-31 09289599 c:OrdinaryShareClass2 2021-10-31 09289599 c:OrdinaryShareClass2 2020-10-31 09289599 c:OrdinaryShareClass3 2020-11-01 2021-10-31 09289599 c:OrdinaryShareClass3 2021-10-31 09289599 c:OrdinaryShareClass3 2020-10-31 09289599 c:FRS102 2020-11-01 2021-10-31 09289599 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 09289599 c:FullAccounts 2020-11-01 2021-10-31 09289599 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 09289599 d:AcceleratedTaxDepreciationDeferredTax 2021-10-31 09289599 d:AcceleratedTaxDepreciationDeferredTax 2020-10-31 09289599 2 2020-11-01 2021-10-31 09289599 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-10-31 09289599 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-10-31 09289599 d:LeasedAssetsHeldAsLessee 2021-10-31 09289599 d:LeasedAssetsHeldAsLessee 2020-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09289599










IDEAL MAINTENANCE SOLUTIONS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2021

 
IDEAL MAINTENANCE SOLUTIONS LTD
REGISTERED NUMBER: 09289599

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,227
24,235

  
24,227
24,235

Current assets
  

Stocks
  
1,900
2,100

Debtors: amounts falling due within one year
 5 
112,470
97,240

Cash at bank and in hand
 6 
38,668
30,050

  
153,038
129,390

Creditors: amounts falling due within one year
 7 
(103,224)
(105,377)

Net current assets
  
 
 
49,814
 
 
24,013

Total assets less current liabilities
  
74,041
48,248

Creditors: amounts falling due after more than one year
 8 
(14,396)
(21,747)

Provisions for liabilities
  

Deferred tax
 9 
(3,211)
(2,835)

  
 
 
(3,211)
 
 
(2,835)

Net assets
  
56,434
23,666


Capital and reserves
  

Called up share capital 
 10 
11
11

Profit and loss account
  
56,423
23,655

  
56,434
23,666


Page 1

 
IDEAL MAINTENANCE SOLUTIONS LTD
REGISTERED NUMBER: 09289599
    
STATEMENT OF FINANCIAL POSITION (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 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 26 August 2022.




T Whittemore
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
IDEAL MAINTENANCE SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
IDEAL MAINTENANCE SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.Accounting policies (continued)

 
1.4

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 income and retained earnings in the same period as the related expenditure.

 
1.5

Interest income

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

 
1.6

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.

 
1.7

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 statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
IDEAL MAINTENANCE SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.Accounting policies (continued)

 
1.8

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 reporting 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 reporting 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 reporting date.

 
1.9

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:

Plant and machinery
-
20%
straight line
Motor vehicles
-
20%
straight line
Office equipment
-
20%
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.

Page 5

 
IDEAL MAINTENANCE SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.Accounting policies (continued)

 
1.10

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 reporting 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.

 
1.11

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.

 
1.12

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.

 
1.13

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.

 
1.14

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 reporting 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 statement of financial position.

 
1.15

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.

 
1.16

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.

Page 6

 
IDEAL MAINTENANCE SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

2.


General information

Ideal Maintenance Solutions Ltd is a private company, limited by shares and incorporated in England.
Its registered number is: 09289599
The address of its registered office is:
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2020 - 9).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2020
6,395
62,591
350
69,336


Additions
3,989
10,960
1,058
16,007


Disposals
-
(4,500)
-
(4,500)



At 31 October 2021

10,384
69,051
1,408
80,843



Depreciation


At 1 November 2020
5,625
39,199
277
45,101


Charge for the year on owned assets
1,568
9,699
248
11,515



At 31 October 2021

7,193
48,898
525
56,616



Net book value



At 31 October 2021
3,191
20,153
883
24,227



At 31 October 2020
770
23,392
73
24,235

Page 7

 
IDEAL MAINTENANCE SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

           4.Tangible fixed assets (continued)

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


2021
2020
£
£



Motor vehicles
14,985
23,392

14,985
23,392


5.


Debtors

2021
2020
£
£


Trade debtors
112,470
96,576

Other debtors
-
664

112,470
97,240



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
38,668
30,050

38,668
30,050



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
37,741
26,768

Corporation tax
19,098
29,987

Other taxation and social security
35,885
32,550

Obligations under finance lease and hire purchase contracts
7,351
10,423

Other creditors
949
3,449

Accruals and deferred income
2,200
2,200

103,224
105,377


Page 8

 
IDEAL MAINTENANCE SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Net obligations under finance leases and hire purchase contracts
14,396
21,747

14,396
21,747



9.


Deferred taxation




2021


£






At beginning of year
(2,835)


Charged to profit or loss
(376)



At end of year
(3,211)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(3,211)
(2,835)

(3,211)
(2,835)


10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



5 (2020 - 5) Ordinary shares of £1.00 each
5
5
5 (2020 - 5) Ordinary B shares of £1.00 each
5
5
1 (2020 - 1) Ordinary C share of £1.00
1
1

11

11


 
Page 9