Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-302021-12-302020-12-31falseDesign, supply and delivery of bolted glass systems, plus the supply and delivery of double glazed units34truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08668933 2020-12-31 2021-12-30 08668933 2020-01-01 2020-12-30 08668933 2021-12-30 08668933 2020-12-30 08668933 c:Director1 2020-12-31 2021-12-30 08668933 d:PlantMachinery 2020-12-31 2021-12-30 08668933 d:PlantMachinery 2021-12-30 08668933 d:PlantMachinery 2020-12-30 08668933 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-12-31 2021-12-30 08668933 d:OfficeEquipment 2020-12-31 2021-12-30 08668933 d:OfficeEquipment 2021-12-30 08668933 d:OfficeEquipment 2020-12-30 08668933 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-12-31 2021-12-30 08668933 d:OwnedOrFreeholdAssets 2020-12-31 2021-12-30 08668933 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-30 08668933 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-30 08668933 d:ShareCapital 2021-12-30 08668933 d:ShareCapital 2020-12-30 08668933 d:RetainedEarningsAccumulatedLosses 2021-12-30 08668933 d:RetainedEarningsAccumulatedLosses 2020-12-30 08668933 c:FRS102 2020-12-31 2021-12-30 08668933 c:AuditExempt-NoAccountantsReport 2020-12-31 2021-12-30 08668933 c:AbridgedAccounts 2020-12-31 2021-12-30 08668933 c:PrivateLimitedCompanyLtd 2020-12-31 2021-12-30 08668933 2 2020-12-31 2021-12-30 iso4217:GBP xbrli:pure

Registered number: 08668933









HANSENTHERMOSPAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2021

 
HANSENTHERMOSPAN LIMITED
REGISTERED NUMBER: 08668933

STATEMENT OF FINANCIAL POSITION
AS AT 30 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 5 
766
3,801

  
766
3,801

Current assets
  

Stocks
  
25,282
4,204

Debtors
  
245,827
128,721

Cash at bank and in hand
  
75,547
38,610

  
346,656
171,535

Creditors: amounts falling due within one year
  
(355,444)
(290,230)

Net current liabilities
  
 
 
(8,788)
 
 
(118,695)

Total assets less current liabilities
  
(8,022)
(114,894)

Net liabilities
  
(8,022)
(114,894)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(8,023)
(114,895)

  
(8,022)
(114,894)


Page 1

 
HANSENTHERMOSPAN LIMITED
REGISTERED NUMBER: 08668933
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 DECEMBER 2021

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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

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: 




T B Andersen
Director

Date: 5 September 2022

The notes on pages 6 to 11 form part of these abridged financial statements.

Page 2

 
HANSENTHERMOSPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

1.


General information

The company is a private company limited by shares, registered in England and Wales (registered number 08668933). The address of the registered office is Clayton Business Park Langley Road, Burscough Industrial Estate, Ormskirk, Lancashire, L40 8JR, England.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end there was a deficit on the balance sheet of £8,048 (2020 - £114,894). The director considers the company to be a going concern and the accounts have been prepared on this basis with the understanding that the director offers their continued support for the foreseeable future

 
2.3

Revenue

The turnover shown in the profit and loss account is measured at the fair value of the consideration receivable and represents revenue recognised by the company in respect of goods and services provided during the period, exclusive of Value Added Tax. 
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. 
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

 
2.4

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

 
HANSENTHERMOSPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 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

Employee Benefits

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.

 
2.9

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
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 4

 
HANSENTHERMOSPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

2.Accounting policies (continued)

 
2.10

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. 

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.

 
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

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Income and Retained Earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
Page 5

 
HANSENTHERMOSPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

2.Accounting policies (continued)


2.14
Financial instruments (continued)

reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

  
2.15

Share Capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax from the proceeds.

Page 6

 
HANSENTHERMOSPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 
Significant judgements
Management do not feel that there are any judgements (apart from those involving estimations) that have been made in the process of applying the entity's accounting policies which have a significant effect on the amounts recognised in the financial statements. 
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
Estimated useful life and residual value of fixed assets
Depreciation of tangible fixed assets have been based on the estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives and residual values, as evidenced by disposals during current and prior accounting periods.
Impairment of debtors
The company makes an estimate of the recoverable value of trade debtors. When assessing the impairment of trade debtors, management include factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
Work in progress.
The company includes work in progress where costs have been incurred, but not yet invoiced. In calculating the value to include, the company considers the expected margin to be achieved on a project by project basis.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 4).

Page 7

 
HANSENTHERMOSPAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 31 December 2020
39,393
5,317
44,710


Disposals
(39,393)
-
(39,393)



At 30 December 2021

-
5,317
5,317



Depreciation


At 31 December 2020
36,771
4,138
40,909


Charge for the year on owned assets
880
413
1,293


Disposals
(37,651)
-
(37,651)



At 30 December 2021

-
4,551
4,551



Net book value



At 30 December 2021
-
766
766



At 30 December 2020
2,622
1,179
3,801

 
Page 8