Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity5145truetrue 03170419 2022-04-01 2023-03-31 03170419 2021-04-01 2022-03-31 03170419 2023-03-31 03170419 2022-03-31 03170419 c:Director1 2022-04-01 2023-03-31 03170419 d:OfficeEquipment 2022-04-01 2023-03-31 03170419 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 03170419 d:OtherPropertyPlantEquipment 2023-03-31 03170419 d:OtherPropertyPlantEquipment 2022-03-31 03170419 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03170419 d:CurrentFinancialInstruments 2023-03-31 03170419 d:CurrentFinancialInstruments 2022-03-31 03170419 d:Non-currentFinancialInstruments 2023-03-31 03170419 d:Non-currentFinancialInstruments 2022-03-31 03170419 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03170419 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03170419 d:ShareCapital 2023-03-31 03170419 d:ShareCapital 2022-03-31 03170419 d:RetainedEarningsAccumulatedLosses 2023-03-31 03170419 d:RetainedEarningsAccumulatedLosses 2022-03-31 03170419 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03170419 c:OrdinaryShareClass1 2023-03-31 03170419 c:OrdinaryShareClass1 2022-03-31 03170419 c:FRS102 2022-04-01 2023-03-31 03170419 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03170419 c:FullAccounts 2022-04-01 2023-03-31 03170419 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03170419 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03170419









UNITED FACILITIES MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
UNITED FACILITIES MANAGEMENT LIMITED
REGISTERED NUMBER: 03170419

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,368
2,876

Investments
 5 
9,500
9,500

  
16,868
12,376

Current assets
  

Debtors: amounts falling due after more than one year
 6 
115,076
-

Debtors: amounts falling due within one year
 6 
1,277,477
1,243,755

Cash at bank and in hand
  
1,152,534
1,293,072

  
2,545,087
2,536,827

Creditors: amounts falling due within one year
 7 
(1,067,323)
(1,279,364)

Net current assets
  
 
 
1,477,764
 
 
1,257,463

Total assets less current liabilities
  
1,494,632
1,269,839

  

Net assets
  
1,494,632
1,269,839


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
1,494,532
1,269,739

  
1,494,632
1,269,839


Page 1

 
UNITED FACILITIES MANAGEMENT LIMITED
REGISTERED NUMBER: 03170419
    
STATEMENT OF FINANCIAL POSITION (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 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 by: 






Mr S Bouchard
Director

Date: 13 November 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
UNITED FACILITIES MANAGEMENT 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, domiciled in England and Wales, registration number 03170419. 
The principal activity of the company is that of maintenance of ventilation and electrical systems.
The address of the Registered Office is 35 Ballards Lane, London, N3 1XW.

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 ("FRS 102") and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover & revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
The amounts included and their treatments in the financial statements are as follows:
Installation of ventilation systems revenue is recognised on completion of installation.
Maintenance of ventilation and electrical systems is recognised in the Statement of Income and Retained Earnings in the period to which it relates.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings 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

 
UNITED FACILITIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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 the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

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

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
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.

 
2.9

Valuation of investments

The fixed asset investment has been included at cost as, due to the nature of the investment, no reliable valuation can be generated.

 
2.10

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the
Page 4

 
UNITED FACILITIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

recognition of financial assets and liabilities like trade and other debtors and creditors and loans to from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 
(iii) Offsetting
Financial assets and liabilities are offset and 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. 

Page 5

 
UNITED FACILITIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.


Employees

The average monthly number of employees, including directors, during the year was 51 (2022 - 45).


4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 1 April 2022
38,378


Additions
7,768



At 31 March 2023

46,146



Depreciation


At 1 April 2022
35,502


Charge for the year on owned assets
3,276



At 31 March 2023

38,778



Net book value



At 31 March 2023
7,368



At 31 March 2022
2,876

Page 6

 
UNITED FACILITIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2022
9,500



At 31 March 2023
9,500




Page 7

 
UNITED FACILITIES MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
115,076
-

115,076
-


2023
2022
£
£

Due within one year

Trade debtors
874,604
845,267

Other debtors
361,545
359,040

Prepayments and accrued income
41,328
39,448

1,277,477
1,243,755



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
623,574
833,601

Corporation tax
97,000
110,000

Other taxation and social security
211,410
211,145

Other creditors
7,506
21,815

Accruals and deferred income
127,833
102,803

1,067,323
1,279,364



8.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100



9.


Pension commitments

Contributions totaling £7,505 (2022: £8,688) were payable to the fund at the Statement of Financial Position date and are included in creditors.

 
Page 8