Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06136609 2022-04-01 2023-03-31 06136609 2021-04-01 2022-03-31 06136609 2023-03-31 06136609 2022-03-31 06136609 2021-04-01 06136609 c:Director1 2022-04-01 2023-03-31 06136609 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 06136609 d:PlantMachinery 2022-04-01 2023-03-31 06136609 d:PlantMachinery 2023-03-31 06136609 d:PlantMachinery 2022-03-31 06136609 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06136609 d:MotorVehicles 2022-04-01 2023-03-31 06136609 d:MotorVehicles 2023-03-31 06136609 d:MotorVehicles 2022-03-31 06136609 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06136609 d:FurnitureFittings 2022-04-01 2023-03-31 06136609 d:FurnitureFittings 2023-03-31 06136609 d:FurnitureFittings 2022-03-31 06136609 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06136609 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06136609 d:OtherPropertyPlantEquipment 2023-03-31 06136609 d:OtherPropertyPlantEquipment 2022-03-31 06136609 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06136609 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06136609 d:CurrentFinancialInstruments 2023-03-31 06136609 d:CurrentFinancialInstruments 2022-03-31 06136609 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06136609 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06136609 d:ShareCapital 2023-03-31 06136609 d:ShareCapital 2022-03-31 06136609 d:RetainedEarningsAccumulatedLosses 2023-03-31 06136609 d:RetainedEarningsAccumulatedLosses 2022-03-31 06136609 c:FRS102 2022-04-01 2023-03-31 06136609 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06136609 c:FullAccounts 2022-04-01 2023-03-31 06136609 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06136609 d:WithinOneYear 2023-03-31 06136609 d:WithinOneYear 2022-03-31 06136609 d:BetweenOneFiveYears 2023-03-31 06136609 d:BetweenOneFiveYears 2022-03-31 06136609 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06136609 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 06136609










UK PAINTING SYSTEMS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
UK PAINTING SYSTEMS LIMITED
REGISTERED NUMBER: 06136609

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
26,448
35,107

Current assets
  

Cash at bank and in hand
  
145,147
99,621

  
145,147
99,621

Creditors: amounts falling due within one year
 5 
(45,547)
(39,895)

Net current assets
  
 
 
99,600
 
 
59,726

Total assets less current liabilities
  
126,048
94,833

Provisions for liabilities
  

Deferred tax
 6 
(5,777)
(7,265)

Net assets
  
120,271
87,568


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
120,171
87,468

  
120,271
87,568


Page 1

 
UK PAINTING SYSTEMS LIMITED
REGISTERED NUMBER: 06136609
    
BALANCE SHEET (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 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 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 23 October 2023.




W Bolland
Director

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

Page 2

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

UK Painting Systems Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 06136609). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire S40 4AA. The principal activity of the Company throughout the year continued to be that of industrial painting contracts. 

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 Company's functional and presentational currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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, as follows.

The depreciation rates used are:

Leasehold property
-
10%
straight line
Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
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 the Statement of Income and Retained Earnings.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Page 4

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.5

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Leasehold property
Total

£
£
£
£
£



Cost


At 1 April 2022
11,305
49,832
1,415
19,325
81,877


Additions
-
-
956
-
956



At 31 March 2023

11,305
49,832
2,371
19,325
82,833



Depreciation


At 1 April 2022
5,870
22,643
862
17,395
46,770


Charge for the year on owned assets
815
6,751
119
1,930
9,615



At 31 March 2023

6,685
29,394
981
19,325
56,385



Net book value



At 31 March 2023
4,620
20,438
1,390
-
26,448



At 31 March 2022
5,435
27,189
553
1,930
35,107

Page 5

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
23,400
22,201

Other taxation and social security
14,409
5,247

Other creditors
5,738
10,552

Accruals
2,000
1,895

45,547
39,895


Page 6

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Deferred taxation




2023
2022


£

£






At beginning of year
(7,265)
(1,799)


Charged to profit or loss
1,488
(5,466)



At end of year
(5,777)
(7,265)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
5,777
7,265


7.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
3,434
3,434

Later than 1 year and not later than 5 years
4,293
7,727

7,727
11,161

 
Page 7