Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.7true2021-01-01falseNo description of principal activity7true 04688614 2020-12-31 04688614 2021-01-01 2021-12-31 04688614 2020-04-01 2021-03-31 04688614 2021-12-31 04688614 2021-03-31 04688614 c:Director2 2021-01-01 2021-12-31 04688614 c:Director3 2021-01-01 2021-12-31 04688614 d:PlantMachinery 2021-01-01 2021-12-31 04688614 d:PlantMachinery 2021-12-31 04688614 d:PlantMachinery 2021-03-31 04688614 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04688614 d:MotorVehicles 2021-01-01 2021-12-31 04688614 d:MotorVehicles 2021-12-31 04688614 d:MotorVehicles 2021-03-31 04688614 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04688614 d:FurnitureFittings 2021-01-01 2021-12-31 04688614 d:FurnitureFittings 2021-12-31 04688614 d:FurnitureFittings 2021-03-31 04688614 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04688614 d:OfficeEquipment 2021-01-01 2021-12-31 04688614 d:OfficeEquipment 2021-12-31 04688614 d:OfficeEquipment 2021-03-31 04688614 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04688614 d:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 04688614 d:OtherPropertyPlantEquipment 2021-12-31 04688614 d:OtherPropertyPlantEquipment 2021-03-31 04688614 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04688614 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 04688614 d:CurrentFinancialInstruments 2021-12-31 04688614 d:CurrentFinancialInstruments 2021-03-31 04688614 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04688614 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 04688614 d:ShareCapital 2021-12-31 04688614 d:ShareCapital 2021-03-31 04688614 d:RetainedEarningsAccumulatedLosses 2021-12-31 04688614 d:RetainedEarningsAccumulatedLosses 2021-03-31 04688614 c:FRS102 2021-01-01 2021-12-31 04688614 c:Audited 2021-01-01 2021-12-31 04688614 c:FullAccounts 2021-01-01 2021-12-31 04688614 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 04688614 d:WithinOneYear 2021-12-31 04688614 d:WithinOneYear 2021-03-31 04688614 d:BetweenOneFiveYears 2021-12-31 04688614 d:BetweenOneFiveYears 2021-03-31 04688614 c:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 04688614 2 2021-01-01 2021-12-31 04688614 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 04688614 d:AcceleratedTaxDepreciationDeferredTax 2021-03-31 04688614 d:TaxLossesCarry-forwardsDeferredTax 2021-12-31 04688614 d:TaxLossesCarry-forwardsDeferredTax 2021-03-31 04688614 d:RetirementBenefitObligationsDeferredTax 2021-12-31 04688614 d:RetirementBenefitObligationsDeferredTax 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 04688614










UVO3 LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2021



 
UVO3 LIMITED
REGISTERED NUMBER: 04688614

BALANCE SHEET
AS AT 31 DECEMBER 2021

31 December 2021
31 March 2021
Note
£
£

Fixed assets
  

Tangible assets
 3 
140,615
176,696

Stocks
  
348,706
307,400

Debtors: amounts falling due within one year
 4 
177,237
255,554

Cash at bank and in hand
 5 
764,606
420,930

  
1,290,549
983,884

Creditors: amounts falling due within one year
 6 
(296,767)
(142,257)

Net current assets
  
 
 
993,782
 
 
841,627

Total assets less current liabilities
  
1,134,397
1,018,323

Provisions for liabilities
  

Deferred tax
 7 
(12,115)
(15,268)

Net assets
  
 
 
1,122,282
 
 
1,003,055


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,122,182
1,002,955

  
1,122,282
1,003,055


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 by: 

A Langford
S V Pollet
Director
Director


Date: 2 September 2022
Date: 25 August 2022

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
UVO3 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

1.


General information

The company is a private company limited by shares and domiciled in England and Wales, registration number 04688614. The registered office address and principal place of business is 25 Stephenson Road, St Ives, Cambridgeshire, PE27 3WJ.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
UVO3 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.3

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.

 
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.

 
2.5

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.

 
2.6

Interest income

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

 
2.7

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
UVO3 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the period 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

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
-
20% on reducing balance
Motor vehicles
-
25% on reducing balance
Fixtures and fittings
-
20-25% on reducing balance
Office equipment
-
25% on reducing balance
Other fixed assets
-
15% on reducing balance

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

 
UVO3 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.10

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 balance sheet 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.

 
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 period 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.

 
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.

Page 5

 
UVO3 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

3.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Other fixed assets
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2021
104,894
90,693
2,117
20,959
46,640
265,303


Additions
-
-
-
5,514
-
5,514


Disposals
-
(23,500)
-
-
-
(23,500)



At 31 December 2021

104,894
67,193
2,117
26,473
46,640
247,317



Depreciation


At 1 January 2021
25,081
41,576
708
11,050
10,192
88,607


Charge for the period on owned assets
14,613
6,783
264
2,892
4,100
28,652


Disposals
-
(10,557)
-
-
-
(10,557)



At 31 December 2021

39,694
37,802
972
13,942
14,292
106,702



Net book value



At 31 December 2021
65,200
29,391
1,145
12,531
32,348
140,615



At 31 December 2021
79,813
49,117
1,409
9,909
36,448
176,696


4.


Debtors

2021
2021
£
£


Trade debtors
116,244
213,543

Amounts owed by group undertakings
7,382
8,528

Other debtors
1,226
28,296

Prepayments and accrued income
52,385
5,187

177,237
255,554


Page 6

 
UVO3 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

5.


Cash and cash equivalents

2021
2021
£
£

Cash at bank and in hand
764,606
420,930

Less: bank overdrafts
(2,502)
-

762,104
420,930



6.


Creditors: Amounts falling due within one year

2021
2021
£
£

Bank overdrafts
2,502
-

Trade creditors
24,406
26,161

Amounts owed to group undertakings
14,037
6,361

Corporation tax
9,780
-

Other taxation and social security
38,652
93,472

Other creditors
1,428
652

Accruals and deferred income
205,962
15,611

296,767
142,257



7.


Deferred taxation




31 December 2021


£






At beginning of period
(15,268)


Charged to profit or loss
3,153



At end of period
(12,115)

The provision for deferred taxation is made up as follows:

2021
2021
£
£


Accelerated capital allowances
(14,470)
(17,246)

Short term timing differences
2,274
1,978

Other
81
-

(12,115)
(15,268)

Page 7

 
UVO3 LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021

8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,010 (31 March 2021: £22,042). Contributions totalling £843 (31 March 2021: £1,263) were payable to the fund at the balance sheet date and are included in creditors.


9.


Commitments under operating leases

At 31 December 2021 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2021
£
£


Not later than 1 year
28,657
20,857

Later than 1 year and not later than 5 years
105,819
4,762

134,476
25,619


10.


Related party transactions

The company is exempt from disclosing related party transactions with other companies that are wholly owned within the Group headed by under section 33.1A of FRS 102. 


11.


Controlling party

UVO3 Limited is controlled by its immediate and ultimate parent company Pollet Water Group NV, a company incorporated in Belgium with registered office is 14 Brouwerijstraat, 8680 Koekelare, Belgium
The ultimate controlling party is J N Pollet


12.


Auditor's information

The auditor's report on the financial statements for the period ended 31 December 2021 was unqualified.

The audit report was signed on 8 September 2022 by Jonathan Baillie BA (Hons) FCCA ACA (Senior Statutory Auditor) on behalf of James Cowper Kreston.


Page 8