Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30falsetrue2023-04-01No description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07592752 2023-04-01 2023-11-30 07592752 2022-04-01 2023-03-31 07592752 2023-11-30 07592752 2023-03-31 07592752 2022-04-01 07592752 c:Director2 2023-04-01 2023-11-30 07592752 c:Director3 2023-04-01 2023-11-30 07592752 d:FurnitureFittings 2023-04-01 2023-11-30 07592752 d:FurnitureFittings 2023-11-30 07592752 d:FurnitureFittings 2023-03-31 07592752 d:CurrentFinancialInstruments 2023-11-30 07592752 d:CurrentFinancialInstruments 2023-03-31 07592752 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07592752 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07592752 d:ShareCapital 2023-11-30 07592752 d:ShareCapital 2023-03-31 07592752 d:SharePremium 2023-11-30 07592752 d:SharePremium 2023-03-31 07592752 d:RetainedEarningsAccumulatedLosses 2023-11-30 07592752 d:RetainedEarningsAccumulatedLosses 2023-03-31 07592752 c:EntityNoLongerTradingButTradedInPast 2023-04-01 2023-11-30 07592752 c:FRS102 2023-04-01 2023-11-30 07592752 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-11-30 07592752 c:FullAccounts 2023-04-01 2023-11-30 07592752 c:PrivateLimitedCompanyLtd 2023-04-01 2023-11-30 07592752 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 07592752 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 07592752










SAPEASY LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
SAPEASY LTD
REGISTERED NUMBER: 07592752

BALANCE SHEET
AS AT 30 NOVEMBER 2023

30 November
31 March
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
4,001

Current assets
  

Debtors: amounts falling due within one year
 5 
22,355
777,348

Cash at bank and in hand
  
-
53,422

  
22,355
830,770

Creditors: amounts falling due within one year
 6 
(22,252)
(24,697)

Net current assets
  
 
 
103
 
 
806,073

Provisions for liabilities
  

Deferred tax
 7 
-
(1,000)

Net assets
  
103
809,074


Capital and reserves
  

Called up share capital 
  
1
1

Share premium account
  
99
99

Profit and loss account
  
3
808,974

  
103
809,074


Page 1

 
SAPEASY LTD
REGISTERED NUMBER: 07592752
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 period 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 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 9 February 2024.





Mr T W McMahon
Mr S J Townsend
Director
Director

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

Page 2

 
SAPEASY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

SAPEasy Ltd is a private Company limited by shares, incorporated in England and Wales (registered number: 07592752). Its registered office is Unit 10, Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ. The Company ceased trading as at 30th November 2023. Prior to this date, the principal activity of the Company was that of specialised construction activities. 

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 presentation currency is pounds sterling.

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.

Page 3

 
SAPEASY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 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:

Fixtures and fittings
-
25%
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 profit or loss.

 
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 recievable 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

 
SAPEASY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 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 period was 3 (2023 - 3).


4.


Tangible fixed assets







Fixtures and fittings

£





At 1 April 2023
7,077


Transfers intra group
(7,077)



At 30 November 2023

-





At 1 April 2023
3,076


Transfers intra group
(3,076)



At 30 November 2023

-



Net book value



At 30 November 2023
-



At 31 March 2023
4,001

Page 5

 
SAPEASY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

5.


Debtors

30 November
31 March
2023
2023
£
£


Trade debtors
-
3,165

Amounts owed by group undertakings
21,580
774,183

Other taxation and social security
775
-

22,355
777,348



6.


Creditors: Amounts falling due within one year

30 November
31 March
2023
2023
£
£

Corporation tax
20,926
20,262

Other taxation and social security
-
1,935

Other creditors
1,326
2,500

22,252
24,697



7.


Deferred taxation






2023
2023


£

£






At beginning of year
(1,000)
(1,334)


Charged to profit or loss
1,000
334



At end of year
-
(1,000)

Page 6

 
SAPEASY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023
 
7.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

30 November
31 March
2023
2023
£
£


Accelerated capital allowances
-
1,000

-
1,000

 
Page 7