Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2022-03-01No description of principal activity85true 07527143 2022-03-01 2023-02-28 07527143 2021-03-01 2022-02-28 07527143 2023-02-28 07527143 2022-02-28 07527143 2021-03-01 07527143 1 2022-03-01 2023-02-28 07527143 1 2021-03-01 2022-02-28 07527143 d:Director2 2022-03-01 2023-02-28 07527143 e:Buildings e:ShortLeaseholdAssets 2022-03-01 2023-02-28 07527143 e:Buildings e:ShortLeaseholdAssets 2023-02-28 07527143 e:Buildings e:ShortLeaseholdAssets 2022-02-28 07527143 e:PlantMachinery 2022-03-01 2023-02-28 07527143 e:PlantMachinery 2023-02-28 07527143 e:PlantMachinery 2022-02-28 07527143 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07527143 e:MotorVehicles 2022-03-01 2023-02-28 07527143 e:MotorVehicles 2023-02-28 07527143 e:MotorVehicles 2022-02-28 07527143 e:MotorVehicles e:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07527143 e:OfficeEquipment 2022-03-01 2023-02-28 07527143 e:OfficeEquipment 2023-02-28 07527143 e:OfficeEquipment 2022-02-28 07527143 e:OfficeEquipment e:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07527143 e:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07527143 e:CurrentFinancialInstruments 2023-02-28 07527143 e:CurrentFinancialInstruments 2022-02-28 07527143 e:CurrentFinancialInstruments e:WithinOneYear 2023-02-28 07527143 e:CurrentFinancialInstruments e:WithinOneYear 2022-02-28 07527143 e:ShareCapital 2022-03-01 2023-02-28 07527143 e:ShareCapital 2023-02-28 07527143 e:ShareCapital 2021-03-01 2022-02-28 07527143 e:ShareCapital 2022-02-28 07527143 e:ShareCapital 2021-03-01 07527143 e:OtherMiscellaneousReserve 2022-03-01 2023-02-28 07527143 e:OtherMiscellaneousReserve 2023-02-28 07527143 e:OtherMiscellaneousReserve 1 2022-03-01 2023-02-28 07527143 e:OtherMiscellaneousReserve 2021-03-01 2022-02-28 07527143 e:OtherMiscellaneousReserve 2022-02-28 07527143 e:OtherMiscellaneousReserve 2021-03-01 07527143 e:OtherMiscellaneousReserve 1 2021-03-01 2022-02-28 07527143 e:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 07527143 e:RetainedEarningsAccumulatedLosses 2023-02-28 07527143 e:RetainedEarningsAccumulatedLosses 1 2022-03-01 2023-02-28 07527143 e:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 07527143 e:RetainedEarningsAccumulatedLosses 2022-02-28 07527143 e:RetainedEarningsAccumulatedLosses 2021-03-01 07527143 e:RetainedEarningsAccumulatedLosses 1 2021-03-01 2022-02-28 07527143 d:FRS102 2022-03-01 2023-02-28 07527143 d:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07527143 d:FullAccounts 2022-03-01 2023-02-28 07527143 d:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07527143 2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 07527143










SPECIALISED PIGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
SPECIALISED PIGS LIMITED
REGISTERED NUMBER: 07527143

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,995
6,936

Investments
 5 
13,000
21,948

Current assets
  

Debtors: amounts falling due within one year
 6 
159,844
142,774

Cash at bank and in hand
  
381,880
321,693

  
541,724
464,467

Creditors: amounts falling due within one year
 7 
(193,453)
(187,968)

Net current assets
  
 
 
348,271
 
 
276,499

Total assets less current liabilities
  
366,266
305,383

Provisions for liabilities
  

Deferred tax
  
(668)
(1,027)

  
 
 
(668)
 
 
(1,027)

Net assets
  
365,598
304,356


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
(13,146)
(4,198)

Profit and loss account
  
378,644
308,454

  
365,598
304,356


Page 1

 
SPECIALISED PIGS LIMITED
REGISTERED NUMBER: 07527143
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 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 profit and loss account 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 20 November 2023.






................................................
P Norris
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
SPECIALISED PIGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 March 2022
100
(4,198)
308,454
304,356


Comprehensive income for the year

Profit for the year
-
-
147,384
147,384

Fixed asset investment movement
-
(8,948)
-
(8,948)


Other comprehensive income for the year
-
(8,948)
-
(8,948)


Total comprehensive income for the year
-
(8,948)
147,384
138,436


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(77,194)
(77,194)


Total transactions with owners
-
-
(77,194)
(77,194)


At 28 February 2023
100
(13,146)
378,644
365,598


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
SPECIALISED PIGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2022


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 March 2021
100
(3,016)
196,926
194,010


Comprehensive income for the year

Profit for the year
-
-
193,472
193,472

Fixed asset investment movement
-
(1,182)
-
(1,182)


Other comprehensive income for the year
-
(1,182)
-
(1,182)


Total comprehensive income for the year
-
(1,182)
193,472
192,290


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(81,944)
(81,944)


Total transactions with owners
-
-
(81,944)
(81,944)


At 28 February 2022
100
(4,198)
308,454
304,356


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
SPECIALISED PIGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Specialised Pigs Limited (Registered number 07527143) is a privately owned company limited by shares and is incorporated in England & Wales. The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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:

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

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.

Page 5

 
SPECIALISED PIGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

S/Term Leasehold Property
-
10%
straight line
Plant & machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
33%
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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of
Page 6

 
SPECIALISED PIGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Interest income

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

 
2.9

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.

 
2.10

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 7

 
SPECIALISED PIGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.11

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

  
2.12

Valuation of investments

Investments are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profot or loss for the period.


3.


Employees

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


        2023
        2022
            No.
            No.







Employees
8
5

Page 8

 
SPECIALISED PIGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





S/Term Leasehold Property
Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2022
3,000
10,996
167,738
12,280
194,014



At 28 February 2023

3,000
10,996
167,738
12,280
194,014



Depreciation


At 1 March 2022
900
7,472
167,738
10,967
187,077


Charge for the year on owned assets
300
900
-
742
1,942



At 28 February 2023

1,200
8,372
167,738
11,709
189,019



Net book value



At 28 February 2023
1,800
2,624
-
571
4,995



At 28 February 2022
2,100
3,524
-
1,312
6,936

Page 9

 
SPECIALISED PIGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 March 2022
21,948


Revaluations
(8,948)



At 28 February 2023
13,000





6.


Debtors

2023
2022
£
£


Trade debtors
155,102
139,774

Other debtors
2,075
1,322

Prepayments and accrued income
2,667
1,678

159,844
142,774



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
152,854
137,855

Corporation tax
34,853
44,740

Other taxation and social security
328
723

Other creditors
71
71

Accruals and deferred income
5,347
4,579

193,453
187,968


 
Page 10