Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01falseNo description of principal activity1110true 07245392 2022-06-01 2023-05-31 07245392 2021-06-01 2022-05-31 07245392 2023-05-31 07245392 2022-05-31 07245392 c:Director1 2022-06-01 2023-05-31 07245392 d:Buildings d:LongLeaseholdAssets 2022-06-01 2023-05-31 07245392 d:Buildings d:LongLeaseholdAssets 2023-05-31 07245392 d:Buildings d:LongLeaseholdAssets 2022-05-31 07245392 d:PlantMachinery 2022-06-01 2023-05-31 07245392 d:PlantMachinery 2023-05-31 07245392 d:PlantMachinery 2022-05-31 07245392 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07245392 d:MotorVehicles 2022-06-01 2023-05-31 07245392 d:MotorVehicles 2023-05-31 07245392 d:MotorVehicles 2022-05-31 07245392 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07245392 d:FurnitureFittings 2022-06-01 2023-05-31 07245392 d:FurnitureFittings 2023-05-31 07245392 d:FurnitureFittings 2022-05-31 07245392 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07245392 d:OfficeEquipment 2022-06-01 2023-05-31 07245392 d:OfficeEquipment 2023-05-31 07245392 d:OfficeEquipment 2022-05-31 07245392 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07245392 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07245392 d:Goodwill 2022-06-01 2023-05-31 07245392 d:Goodwill 2023-05-31 07245392 d:Goodwill 2022-05-31 07245392 d:CurrentFinancialInstruments 2023-05-31 07245392 d:CurrentFinancialInstruments 2022-05-31 07245392 d:Non-currentFinancialInstruments 2023-05-31 07245392 d:Non-currentFinancialInstruments 2022-05-31 07245392 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07245392 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07245392 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07245392 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 07245392 d:ShareCapital 2023-05-31 07245392 d:ShareCapital 2022-05-31 07245392 d:RetainedEarningsAccumulatedLosses 2023-05-31 07245392 d:RetainedEarningsAccumulatedLosses 2022-05-31 07245392 c:FRS102 2022-06-01 2023-05-31 07245392 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07245392 c:FullAccounts 2022-06-01 2023-05-31 07245392 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07245392 d:Goodwill d:OwnedIntangibleAssets 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 07245392










POWERCARE ELECTRICAL SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
POWERCARE ELECTRICAL SERVICES LIMITED
REGISTERED NUMBER: 07245392

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,500
15,000

Tangible assets
 5 
180,011
104,959

  
192,511
119,959

Current assets
  

Stocks
  
61,622
61,623

Debtors: amounts falling due within one year
 6 
324,901
115,869

Cash at bank and in hand
 7 
13,214
29,743

  
399,737
207,235

Creditors: amounts falling due within one year
 8 
(161,997)
(133,725)

Net current assets
  
 
 
237,740
 
 
73,510

Total assets less current liabilities
  
430,251
193,469

Creditors: amounts falling due after more than one year
 9 
(60,883)
(22,960)

  

Net assets
  
369,368
170,509


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
369,367
170,508

  
369,368
170,509


Page 1

 
POWERCARE ELECTRICAL SERVICES LIMITED
REGISTERED NUMBER: 07245392
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 R M Metcalfe-Smith
Director

Date: 8 February 2024

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

Page 2

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Powercare Electrical Services Limited is a private company, limited by shares, incorporated in England and Wales and its registered office is 1 Aviation Way, Aviation Business Park, Teeside International Airport, Darlington, DL2 1NA

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

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.

Page 3

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of income and retained earnings over its useful economic life.

Other 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.

 
2.5

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:

Long-term leasehold property
-
50 years straight line
Plant and machinery
-
5 years straight line
Motor vehicles
-
4 years straight line
Fixtures and fittings
-
10 years straight line
Office equipment
-
3 years 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.

 
2.6

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.

Page 4

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 10).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2022
25,000



At 31 May 2023

25,000



Amortisation


At 1 June 2022
10,000


Charge for the year on owned assets
2,500



At 31 May 2023

12,500



Net book value



At 31 May 2023
12,500



At 31 May 2022
15,000



Page 5

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Tangible fixed assets





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

£
£
£
£
£



Cost or valuation


At 1 June 2022
43,984
25,685
88,437
8,012
9,539


Additions
-
16,358
98,513
1,275
4,819


Disposals
-
-
(31,500)
-
-



At 31 May 2023

43,984
42,043
155,450
9,287
14,358



Depreciation


At 1 June 2022
1,536
18,053
42,790
2,990
5,329


Charge for the year on owned assets
880
3,238
12,255
772
2,518


Disposals
-
-
(5,250)
-
-



At 31 May 2023

2,416
21,291
49,795
3,762
7,847



Net book value



At 31 May 2023
41,568
20,752
105,655
5,525
6,511



At 31 May 2022
42,448
7,632
45,647
5,022
4,210
Page 6

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 June 2022
175,657


Additions
120,965


Disposals
(31,500)



At 31 May 2023

265,122



Depreciation


At 1 June 2022
70,698


Charge for the year on owned assets
19,663


Disposals
(5,250)



At 31 May 2023

85,111



Net book value



At 31 May 2023
180,011



At 31 May 2022
104,959


6.


Debtors

2023
2022
£
£


Trade debtors
302,386
91,969

Other debtors
9,331
17,729

Prepayments and accrued income
13,184
6,171

324,901
115,869


Page 7

 
POWERCARE ELECTRICAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
13,214
29,743

13,214
29,743



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
43,075
32,010

Corporation tax
13,675
-

Other taxation and social security
66,792
16,671

Obligations under finance lease and hire purchase contracts
22,662
6,560

Other creditors
13,618
76,164

Accruals and deferred income
2,175
2,320

161,997
133,725



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
60,883
22,960

60,883
22,960



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
22,662
6,560

Between 1-5 years
60,883
22,960

83,545
29,520

 
Page 8