Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falsesupply of structurally insulated panels2827truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07442706 2022-04-01 2023-03-31 07442706 2021-04-01 2022-03-31 07442706 2023-03-31 07442706 2022-03-31 07442706 c:Director1 2022-04-01 2023-03-31 07442706 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 07442706 d:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 07442706 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 07442706 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 07442706 d:CurrentFinancialInstruments 2023-03-31 07442706 d:CurrentFinancialInstruments 2022-03-31 07442706 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07442706 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07442706 d:ShareCapital 2023-03-31 07442706 d:ShareCapital 2022-03-31 07442706 d:RetainedEarningsAccumulatedLosses 2023-03-31 07442706 d:RetainedEarningsAccumulatedLosses 2022-03-31 07442706 c:FRS102 2022-04-01 2023-03-31 07442706 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07442706 c:FullAccounts 2022-04-01 2023-03-31 07442706 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07442706 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07442706










CLAD BUILD UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CLAD BUILD UK LIMITED
REGISTERED NUMBER: 07442706

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,000
4,000

Investments
 5 
30,000
30,000

  
34,000
34,000

Current assets
  

Stocks
  
196,950
193,357

Debtors: amounts falling due within one year
 6 
859,570
1,454,596

Cash at bank and in hand
 7 
731,350
1,091,087

  
1,787,870
2,739,040

Creditors: amounts falling due within one year
 8 
(1,184,777)
(2,459,581)

Net current assets
  
 
 
603,093
 
 
279,459

Total assets less current liabilities
  
637,093
313,459

  

Net assets
  
637,093
313,459


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
636,993
313,359

  
637,093
313,459


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.

Page 1

 
CLAD BUILD UK LIMITED
REGISTERED NUMBER: 07442706
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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: 




Mr Chris Duckworth
Director

Date: 16 October 2023

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

Page 2

 
CLAD BUILD UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company, limited by shares, incorporated in England and Wales and its registered office is Unit 1a Foxbridge Way, Normanton Industrial Estate, Normanton, West Yorkshire, England, WF6 1TN.

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:

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.

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
CLAD BUILD UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

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 weighted average 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.

 
2.9

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.

Page 4

 
CLAD BUILD UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2022 - 27).


4.


Intangible assets




Patents
Develop-ment expenditure
Total

£
£
£



Cost


At 1 April 2022
1,000
3,000
4,000



At 31 March 2023

1,000
3,000
4,000






Net book value



At 31 March 2023
1,000
3,000
4,000



At 31 March 2022
1,000
3,000
4,000



Page 5

 
CLAD BUILD UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Trade investments

£





At 1 April 2022
30,000





6.


Debtors

2023
2022
£
£


Trade debtors
385,472
816,811

Amounts owed by group undertakings
56,045
39,609

Other debtors
279,079
353,485

Prepayments and accrued income
138,974
244,691

859,570
1,454,596



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
731,350
1,091,087

731,350
1,091,087



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
387,502
736,798

Other taxation and social security
19,683
36,810

Other creditors
19,566
10,542

Accruals and deferred income
758,026
1,675,431

1,184,777
2,459,581


Page 6

 
CLAD BUILD UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Commitments under operating leases

The company had no commitments under non-cancellable operating leases at the balance sheet date.


10.


Related party transactions

At the 31 March 2023, £17,524 (1 April 2022: £7,589) was owed to the directors by the company. 


11.


Controlling party

The ultimate parent company is SBUK Group Limited, formerly SIP BuildUK Limited, a company incorporated in England and Wales. The registered office of the parent company is Unit 1a Foxbridge Way, Normanton Industrial Estate, Normanton, England, WF6 1TN.

 
Page 7