Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01true28falseNo description of principal activity30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC445396 2022-04-01 2023-03-31 SC445396 2021-04-01 2022-03-31 SC445396 2023-03-31 SC445396 2022-03-31 SC445396 c:Director1 2022-04-01 2023-03-31 SC445396 c:Director2 2022-04-01 2023-03-31 SC445396 c:RegisteredOffice 2022-04-01 2023-03-31 SC445396 d:PlantMachinery 2022-04-01 2023-03-31 SC445396 d:PlantMachinery 2023-03-31 SC445396 d:PlantMachinery 2022-03-31 SC445396 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC445396 d:MotorVehicles 2022-04-01 2023-03-31 SC445396 d:MotorVehicles 2023-03-31 SC445396 d:MotorVehicles 2022-03-31 SC445396 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC445396 d:OfficeEquipment 2022-04-01 2023-03-31 SC445396 d:OfficeEquipment 2023-03-31 SC445396 d:OfficeEquipment 2022-03-31 SC445396 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC445396 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC445396 d:CurrentFinancialInstruments 2023-03-31 SC445396 d:CurrentFinancialInstruments 2022-03-31 SC445396 d:Non-currentFinancialInstruments 2023-03-31 SC445396 d:Non-currentFinancialInstruments 2022-03-31 SC445396 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC445396 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC445396 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC445396 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC445396 d:ShareCapital 2023-03-31 SC445396 d:ShareCapital 2022-03-31 SC445396 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC445396 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC445396 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC445396 c:OrdinaryShareClass1 2023-03-31 SC445396 c:OrdinaryShareClass1 2022-03-31 SC445396 c:FRS102 2022-04-01 2023-03-31 SC445396 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC445396 c:FullAccounts 2022-04-01 2023-03-31 SC445396 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC445396










COAST RENEWABLE SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
COAST RENEWABLE SERVICES LIMITED
 

COMPANY INFORMATION


Directors
Mr M Robson 
Miss L Haxton 




Registered number
SC445396



Registered office
Dundee Harbour
Fishdock Road

Stannergate

Dundee

DD1 3LZ




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
COAST RENEWABLE SERVICES LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 
COAST RENEWABLE SERVICES LIMITED
REGISTERED NUMBER: SC445396

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
544,994
423,771

  
544,994
423,771

Current assets
  

Debtors: amounts falling due within one year
 5 
2,295,445
2,558,890

Cash at bank and in hand
  
1,143,298
734,488

  
3,438,743
3,293,378

Creditors: amounts falling due within one year
 6 
(694,032)
(745,212)

Net current assets
  
 
 
2,744,711
 
 
2,548,166

Total assets less current liabilities
  
3,289,705
2,971,937

Creditors: amounts falling due after more than one year
 7 
(185,437)
(156,529)

Provisions for liabilities
  

Deferred tax
  
(78,952)
(69,149)

  
 
 
(78,952)
 
 
(69,149)

Net assets
  
3,025,316
2,746,259


Capital and reserves
  

Called up share capital 
 8 
10
10

Profit and loss account
  
3,025,306
2,746,249

  
3,025,316
2,746,259


Page 1

 
COAST RENEWABLE SERVICES LIMITED
REGISTERED NUMBER: SC445396

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 25 September 2023.




Mr M Robson
Director

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

Page 2

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Coast Renewable Services Limited is a private company, limited by shares, domiciled in Scotland with registration number SC445396. The registered office is Dundee Harbour Fishdock Road, Stannergate, Dundee, Scotland, DD1 3LZ.

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 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

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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

Page 3

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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, .

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.

 
2.6

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 Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
30
28

Page 4

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
39,005
533,995
60,703
633,703


Additions
64,549
449,341
10,383
524,273


Disposals
-
(225,984)
-
(225,984)



At 31 March 2023

103,554
757,352
71,086
931,992



Depreciation


At 1 April 2022
19,365
164,635
25,932
209,932


Charge for the year on owned assets
19,907
160,013
13,046
192,966


Disposals
-
(15,900)
-
(15,900)



At 31 March 2023

39,272
308,748
38,978
386,998



Net book value



At 31 March 2023
64,282
448,604
32,108
544,994



At 31 March 2022
19,640
369,360
34,771
423,771


5.


Debtors

2023
2022
£
£


Trade debtors
1,629,976
1,513,627

Other debtors
643,714
1,044,016

Prepayments and accrued income
21,755
1,247

2,295,445
2,558,890


Page 5

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,971
5,839

Trade creditors
72,881
76,834

Other taxation and social security
281,653
481,305

Obligations under finance lease and hire purchase contracts
84,644
47,236

Other creditors
194,327
45,048

Accruals and deferred income
54,556
88,950

694,032
745,212


Hire purchase
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
13,461
19,432

Net obligations under finance leases and hire purchase contracts
171,976
137,097

185,437
156,529


Hire purchase
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1.00 each
10
10



Page 6