Caseware UK (AP4) 2022.0.179 2022.0.179 true32022-01-01falseprovision of consultancy services3falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06705661 2022-01-01 2022-12-31 06705661 2021-01-01 2021-12-31 06705661 2022-12-31 06705661 2021-12-31 06705661 c:PriorPeriodIncreaseDecrease 2022-01-01 2022-12-31 06705661 d:Director4 2022-01-01 2022-12-31 06705661 c:Buildings c:LongLeaseholdAssets 2022-01-01 2022-12-31 06705661 c:Buildings c:LongLeaseholdAssets 2021-12-31 06705661 c:PlantMachinery 2022-01-01 2022-12-31 06705661 c:PlantMachinery 2021-12-31 06705661 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06705661 c:MotorVehicles 2022-01-01 2022-12-31 06705661 c:MotorVehicles 2021-12-31 06705661 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06705661 c:ComputerEquipment 2022-01-01 2022-12-31 06705661 c:ComputerEquipment 2021-12-31 06705661 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06705661 c:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06705661 c:CurrentFinancialInstruments 2022-12-31 06705661 c:CurrentFinancialInstruments 2021-12-31 06705661 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 06705661 c:CurrentFinancialInstruments c:WithinOneYear 2021-12-31 06705661 c:ShareCapital 2022-12-31 06705661 c:ShareCapital 2021-12-31 06705661 c:RetainedEarningsAccumulatedLosses 2022-12-31 06705661 c:RetainedEarningsAccumulatedLosses 2021-12-31 06705661 d:FRS102 2022-01-01 2022-12-31 06705661 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 06705661 d:FullAccounts 2022-01-01 2022-12-31 06705661 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06705661 c:Buildings c:LongLeaseholdAssets c:PriorPeriodIncreaseDecrease 2022-01-01 2022-12-31 06705661 c:PlantMachinery c:PriorPeriodIncreaseDecrease 2022-01-01 2022-12-31 06705661 c:MotorVehicles c:PriorPeriodIncreaseDecrease 2022-01-01 2022-12-31 06705661 c:ComputerEquipment c:PriorPeriodIncreaseDecrease 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 06705661





 
Crestwood UK Limited          
 
Financial statements          

For the year ended 31 December 2022          

 
Crestwood UK Limited
Registered number:06705661

Balance sheet
As at 31 December 2022


2022

2021 
                                                                                Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
26,764
36,958

Current assets
  

Debtors
 5 
580,563
506,054

Cash at bank and in hand
 6 
121,005
35,246

  
701,568
541,300

Creditors: amounts falling due within one year
 7 
(560,776)
(352,387)

Net current assets
  
 
 
140,792
 
 
188,913

  

Net assets
  
167,556
225,871


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
166,556
224,871

  
167,556
225,871


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 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 29 September 2023.




J Bust
Director




 
Page 1

 
Crestwood UK Limited
Registered number:06705661
    
Balance sheet (continued)
As at 31 December 2022

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
Crestwood UK Limited
 
 
Notes to the financial statements
For the year ended 31 December 2022

1.


General information

Crestwood UK Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Crestwood House, 52 High Street, St Martins, Stamford, PE9 2LG. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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 either a reducing balance or straight line basis.

Depreciation is provided at the following rates:

Leasehold improvements
-
10 Years straight line
Plant and machinery
-
50% Reducing balance
Motor vehicles
-
3 Years straight line
Computer equipment
-
2 Years 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.

 
2.3

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.

 
2.4

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.

Page 3

 
Crestwood UK Limited
 
 
Notes to the financial statements
For the year ended 31 December 2022

2.Accounting policies (continued)

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 

Page 4

 
Crestwood UK Limited
 
 
Notes to the financial statements
For the year ended 31 December 2022

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 -3).

Page 5

 
Crestwood UK Limited
 
 
Notes to the financial statements
For the year ended 31 December 2022

4.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost


At 1 January 2022
163,870
110,598
21,916
92,351
388,735



At 31 December 2022

163,870
110,598
21,916
92,351
388,735



Depreciation


At 1 January 2022
128,078
109,433
21,916
92,351
351,778


Charge for the year
9,611
583
-
-
10,194



At 31 December 2022

137,689
110,016
21,916
92,351
361,972



Net book value



At 31 December 2022
26,181
582
-
-
26,763



At 31 December 2021
35,792
1,166
-
-
36,958


5.


Debtors

2022
2021
£
£


Trade debtors
140,595
91,760

Amounts owed by group undertakings
435,488
414,294

Prepayments and accrued income
4,480
-

580,563
506,054



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
121,005
35,246


Page 6

 
Crestwood UK Limited
 
 
Notes to the financial statements
For the year ended 31 December 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
558,576
288,937

Other creditors
-
4,350

Accruals and deferred income
2,200
59,100

560,776
352,387



8.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are administered by trustees in a fund independent from those of the company. The total contributions paid in the year amounted to £Nil (2021 - £287).


9.


Controlling party

The company's ultimate controlling party at 31 December 2022 was Crestwood Holdings Limited.

Page 7