Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falsetrueHealth and therapy services11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06392125 2022-04-01 2023-03-31 06392125 2021-04-01 2022-03-31 06392125 2023-03-31 06392125 2022-03-31 06392125 c:Director1 2022-04-01 2023-03-31 06392125 d:PlantMachinery 2022-04-01 2023-03-31 06392125 d:PlantMachinery 2023-03-31 06392125 d:PlantMachinery 2022-03-31 06392125 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06392125 d:OfficeEquipment 2022-04-01 2023-03-31 06392125 d:OfficeEquipment 2023-03-31 06392125 d:OfficeEquipment 2022-03-31 06392125 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06392125 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06392125 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 06392125 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 06392125 d:CurrentFinancialInstruments 2023-03-31 06392125 d:CurrentFinancialInstruments 2022-03-31 06392125 d:Non-currentFinancialInstruments 2023-03-31 06392125 d:Non-currentFinancialInstruments 2022-03-31 06392125 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06392125 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06392125 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06392125 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06392125 d:ShareCapital 2023-03-31 06392125 d:ShareCapital 2022-03-31 06392125 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06392125 d:RetainedEarningsAccumulatedLosses 2023-03-31 06392125 d:RetainedEarningsAccumulatedLosses 2022-03-31 06392125 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06392125 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 06392125 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 06392125 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 06392125 c:OrdinaryShareClass1 2022-04-01 2023-03-31 06392125 c:OrdinaryShareClass1 2023-03-31 06392125 c:OrdinaryShareClass1 2022-03-31 06392125 c:FRS102 2022-04-01 2023-03-31 06392125 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06392125 c:FullAccounts 2022-04-01 2023-03-31 06392125 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06392125 2 2022-04-01 2023-03-31 06392125 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06392125










HIRAETH SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
HIRAETH SERVICES LIMITED
REGISTERED NUMBER:06392125

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
600
900

Tangible assets
 6 
37,547
24,726

  
38,147
25,626

Current assets
  

Debtors: amounts falling due within one year
 7 
14,362
21,633

Cash at bank and in hand
 8 
5,069
17,532

  
19,431
39,165

Creditors: amounts falling due within one year
 9 
(11,909)
(16,749)

Net current assets
  
 
 
7,522
 
 
22,416

Total assets less current liabilities
  
45,669
48,042

Creditors: amounts falling due after more than one year
 10 
(17,000)
(20,000)

Provisions for liabilities
  

Deferred tax
 11 
(5,118)
(4,697)

  
 
 
(5,118)
 
 
(4,697)

Net assets
  
23,551
23,345


Capital and reserves
  

Called up share capital 
 12 
7
7

Profit and loss account
 13 
23,544
23,338

  
23,551
23,345


Page 1

 
HIRAETH SERVICES LIMITED
REGISTERED NUMBER:06392125
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 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 on 10 November 2023.




Martin Cope
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hiraeth Services Limited, 06392125, is a private company limited by shares, incorporated in England and Wales with its registered office and principal place of business at Hiraeth Wood, Foel Fawr, Llandinam, Powys, SY17 5AZ.
The company's principal activity is health and therapy services.

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:

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

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 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.

 
2.7

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.

Page 4

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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%
Office equipment
-
20%

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.

 
2.9

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.

 
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.

Page 5

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

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 year 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.

 
2.13

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 and investments in ordinary shares.

 
2.14

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Intangible assets




Development expenditure

£



Cost


At 1 April 2022
3,000



At 31 March 2023

3,000



Amortisation


At 1 April 2022
2,100


Charge for the year on owned assets
300



At 31 March 2023

2,400



Net book value



At 31 March 2023
600



At 31 March 2022
900



Page 7

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
11,846
35,701
47,547


Additions
-
16,894
16,894



At 31 March 2023

11,846
52,595
64,441



Depreciation


At 1 April 2022
8,666
14,155
22,821


Charge for the year on owned assets
441
3,632
4,073



At 31 March 2023

9,107
17,787
26,894



Net book value



At 31 March 2023
2,739
34,808
37,547



At 31 March 2022
3,180
21,546
24,726


7.


Debtors

2023
2022
£
£


Trade debtors
12,119
20,410

Other debtors
2,243
1,223

14,362
21,633


Page 8

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,069
17,532

5,069
17,532



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,926
11,141

Corporation tax
-
1,021

Other creditors
2,421
2,415

Accruals and deferred income
2,562
2,172

11,909
16,749



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
17,000
20,000

17,000
20,000


Page 9

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Deferred taxation




2023


£






At beginning of year
4,697


Charged to profit or loss
421



At end of year
5,118

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
7,134
4,697

Tax losses carried forward
(2,016)
-

5,118
4,697

Page 10

 
HIRAETH SERVICES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £7.00
7
7



13.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the company since incorporation less
distributions made to shareholders.


14.


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 £NIL (2022: £3,000). Contributions totalling £NIL (2022: £NIL) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11