Caseware UK (AP4) 2023.0.135 2023.0.135 2022-10-01falseNo description of principal activity57falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10360545 2022-10-01 2023-09-30 10360545 2021-10-01 2022-09-30 10360545 2023-09-30 10360545 2022-09-30 10360545 c:Director1 2022-10-01 2023-09-30 10360545 d:Buildings d:LongLeaseholdAssets 2022-10-01 2023-09-30 10360545 d:Buildings d:LongLeaseholdAssets 2023-09-30 10360545 d:Buildings d:LongLeaseholdAssets 2022-09-30 10360545 d:PlantMachinery 2022-10-01 2023-09-30 10360545 d:PlantMachinery 2023-09-30 10360545 d:PlantMachinery 2022-09-30 10360545 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10360545 d:MotorVehicles 2022-10-01 2023-09-30 10360545 d:MotorVehicles 2023-09-30 10360545 d:MotorVehicles 2022-09-30 10360545 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10360545 d:OfficeEquipment 2022-10-01 2023-09-30 10360545 d:OfficeEquipment 2023-09-30 10360545 d:OfficeEquipment 2022-09-30 10360545 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10360545 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10360545 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 10360545 d:PatentsTrademarksLicencesConcessionsSimilar 2022-09-30 10360545 d:CurrentFinancialInstruments 2023-09-30 10360545 d:CurrentFinancialInstruments 2022-09-30 10360545 d:Non-currentFinancialInstruments 2023-09-30 10360545 d:Non-currentFinancialInstruments 2022-09-30 10360545 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10360545 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10360545 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10360545 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 10360545 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 10360545 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 10360545 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 10360545 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 10360545 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 10360545 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-09-30 10360545 d:ShareCapital 2023-09-30 10360545 d:ShareCapital 2022-09-30 10360545 d:RetainedEarningsAccumulatedLosses 2023-09-30 10360545 d:RetainedEarningsAccumulatedLosses 2022-09-30 10360545 c:OrdinaryShareClass1 2022-10-01 2023-09-30 10360545 c:OrdinaryShareClass1 2023-09-30 10360545 c:OrdinaryShareClass1 2022-09-30 10360545 c:FRS102 2022-10-01 2023-09-30 10360545 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 10360545 c:FullAccounts 2022-10-01 2023-09-30 10360545 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10360545










Kaspas South East Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2023





 
Kaspas South East Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Kaspas South East Limited for the year ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kaspas South East Limited for the year ended 30 September 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Kaspas South East Limited, as a body, in accordance with the terms of our engagement letter dated 24 March 2022Our work has been undertaken solely to prepare for your approval the financial statements of Kaspas South East Limited  and state those matters that we have agreed to state to the Board of directors of Kaspas South East Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kaspas South East Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Kaspas South East Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kaspas South East Limited. You consider that Kaspas South East Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Kaspas South East Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
12 February 2024
Page 1

 
Kaspas South East Limited
Registered number: 10360545

Balance sheet
As at 30 September 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
237,440
207,410

  
237,440
207,410

Current assets
  

Debtors: amounts falling due within one year
 6 
12,259
46,068

Cash at bank and in hand
  
96,243
143,110

  
108,502
189,178

Creditors: amounts falling due within one year
 7 
(123,496)
(171,952)

Net current (liabilities)/assets
  
 
 
(14,994)
 
 
17,226

Total assets less current liabilities
  
222,446
224,636

Creditors: amounts falling due after more than one year
 8 
(189,139)
(228,467)

  

Net assets/(liabilities)
  
33,307
(3,831)


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
33,305
(3,833)

  
33,307
(3,831)


Page 2

 
Kaspas South East Limited
Registered number: 10360545

Balance sheet (continued)
As at 30 September 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 12 February 2024.


Mr S Butcher
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
Kaspas South East Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

1.


General information

Kaspas South East Limited is a private company limited by shares which was incorporated in the UK and registered in England. Company number 10360545. 
The company's registered office is Goldwell Manor Farm, Goldwell Lane, Aldington, Ashford, Kent, England, TN25 7DX.
The financial statements have been presented in Sterling (£) and is rounded to the nearest pound. 

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:

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.

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 4

 
Kaspas South East Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss 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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

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.

 
2.9

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

 
Kaspas South East Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)


2.9
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:

Long-term leasehold property
-
Not depreciated
Plant and machinery
-
20%
Motor vehicles
-
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.

 
2.10

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.

 
2.11

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

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.

 
2.13

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

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.
Page 6

 
Kaspas South East Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


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 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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 7).

Page 7

 
Kaspas South East Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

4.


Intangible assets




Franchise fee

£



Cost


At 1 October 2022
33,000



At 30 September 2023

33,000



Amortisation


At 1 October 2022
33,000



At 30 September 2023

33,000



Net book value



At 30 September 2023
-



At 30 September 2022
-



Page 8

 
Kaspas South East Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2022
193,179
152,706
-
2,359
348,244


Additions
-
17,101
25,150
2,450
44,701



At 30 September 2023

193,179
169,807
25,150
4,809
392,945



Depreciation


At 1 October 2022
-
139,393
-
1,441
140,834


Charge for the year on owned assets
-
8,909
5,030
732
14,671



At 30 September 2023

-
148,302
5,030
2,173
155,505



Net book value



At 30 September 2023
193,179
21,505
20,120
2,636
237,440



At 30 September 2022
193,179
13,312
-
919
207,410

Page 9

 
Kaspas South East Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

6.


Debtors

2023
2022
£
£


Other debtors
12,259
46,068

12,259
46,068



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
40,474
38,988

Trade creditors
786
252

Other taxation and social security
6,642
8,021

Other creditors
63,962
110,390

Accruals and deferred income
11,632
14,301

123,496
171,952



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
189,139
228,467

189,139
228,467


Page 10

 
Kaspas South East Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
40,474
38,988


40,474
38,988

Amounts falling due 1-2 years

Bank loans
42,016
40,474


42,016
40,474

Amounts falling due 2-5 years

Bank loans
142,328
159,008


142,328
159,008

Amounts falling due after more than 5 years

Bank loans
4,795
28,984

4,795
28,984

229,613
267,454



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



11.


Controlling party

There is no controlling party of the company. 


Page 11