Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true12021-01-01falseCorporate partner of partnership1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08491233 2021-01-01 2021-12-31 08491233 2020-01-01 2020-12-31 08491233 2021-12-31 08491233 2020-12-31 08491233 c:Director1 2021-01-01 2021-12-31 08491233 d:Goodwill 2021-12-31 08491233 d:Goodwill 2020-12-31 08491233 d:CurrentFinancialInstruments 2021-12-31 08491233 d:CurrentFinancialInstruments 2020-12-31 08491233 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08491233 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 08491233 d:ShareCapital 2021-12-31 08491233 d:ShareCapital 2020-12-31 08491233 d:RetainedEarningsAccumulatedLosses 2021-12-31 08491233 d:RetainedEarningsAccumulatedLosses 2020-12-31 08491233 c:OrdinaryShareClass1 2021-01-01 2021-12-31 08491233 c:OrdinaryShareClass1 2021-12-31 08491233 c:OrdinaryShareClass1 2020-12-31 08491233 c:OrdinaryShareClass2 2021-01-01 2021-12-31 08491233 c:OrdinaryShareClass2 2021-12-31 08491233 c:OrdinaryShareClass2 2020-12-31 08491233 c:FRS102 2021-01-01 2021-12-31 08491233 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 08491233 c:FullAccounts 2021-01-01 2021-12-31 08491233 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 08491233 2 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08491233










ELECTROSPA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
ELECTROSPA LIMITED
REGISTERED NUMBER:08491233

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 5 
1,255,038
1,019,269

  
1,255,038
1,019,269

Current assets
  

Debtors: amounts falling due within one year
 6 
-
38,232

Cash at bank and in hand
 7 
84,530
50,557

  
84,530
88,789

Creditors: amounts falling due within one year
 8 
(126,053)
(50,611)

Net current (liabilities)/assets
  
 
 
(41,523)
 
 
38,178

Total assets less current liabilities
  
1,213,515
1,057,447

  

Net assets
  
1,213,515
1,057,447


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,213,415
1,057,347

  
1,213,515
1,057,447


Page 1

 
ELECTROSPA LIMITED
REGISTERED NUMBER:08491233
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 profit and loss account 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: 




Mr P Wheatcroft
Director

Date: 5 September 2022

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

Page 2

 
ELECTROSPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Electrospa Limited, 08491233, is a private limited company, limited by shares, incorporated in England & wales, with a registered office address  and principal place of business at Mayflower House, Bodmin Road, Coventry, CV2 5DB,

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

Interest income

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

 
2.4

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.

Page 3

 
ELECTROSPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

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.

 
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.

 
2.10

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).

Page 4

 
ELECTROSPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2021
20,000



At 31 December 2021

20,000



Amortisation


At 1 January 2021
20,000



At 31 December 2021

20,000



Net book value



At 31 December 2021
-



At 31 December 2020
-




5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2021
1,019,269


Additions
380,975


Disposals
(145,206)



At 31 December 2021
1,255,038




Page 5

 
ELECTROSPA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors

2021
2020
£
£


Other debtors
-
38,232

-
38,232



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
84,528
50,556

84,528
50,556



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other taxation and social security
68,552
49,711

Other creditors
56,559
-

Accruals and deferred income
942
900

126,053
50,611



9.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



50 (2020 - 50) Ordinary A shares of £1.00 each
50
50
50 (2020 - 50) Ordinary B shares of £1.00 each
50
50

100

100


 
Page 6