Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31No description of principal activity2022-06-01truefalse33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10182858 2022-06-01 2023-05-31 10182858 2021-06-01 2022-05-31 10182858 2023-05-31 10182858 2022-05-31 10182858 c:Director1 2022-06-01 2023-05-31 10182858 c:RegisteredOffice 2022-06-01 2023-05-31 10182858 d:PlantMachinery 2022-06-01 2023-05-31 10182858 d:PlantMachinery 2023-05-31 10182858 d:PlantMachinery 2022-05-31 10182858 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10182858 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 10182858 d:MotorVehicles 2022-06-01 2023-05-31 10182858 d:MotorVehicles 2023-05-31 10182858 d:MotorVehicles 2022-05-31 10182858 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10182858 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 10182858 d:OfficeEquipment 2022-06-01 2023-05-31 10182858 d:OfficeEquipment 2023-05-31 10182858 d:OfficeEquipment 2022-05-31 10182858 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10182858 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 10182858 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10182858 d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 10182858 d:CurrentFinancialInstruments 2023-05-31 10182858 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10182858 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10182858 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 10182858 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 10182858 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 10182858 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 10182858 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 10182858 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 10182858 d:ShareCapital 2023-05-31 10182858 d:ShareCapital 2022-05-31 10182858 d:RetainedEarningsAccumulatedLosses 2023-05-31 10182858 d:RetainedEarningsAccumulatedLosses 2022-05-31 10182858 c:OrdinaryShareClass1 2022-06-01 2023-05-31 10182858 c:OrdinaryShareClass1 2023-05-31 10182858 c:OrdinaryShareClass1 2022-05-31 10182858 c:FRS102 2022-06-01 2023-05-31 10182858 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10182858 c:AbridgedAccounts 2022-06-01 2023-05-31 10182858 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10182858 2 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10182858










WEST ELECTRICAL SERVICES LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 May 2023

 
WEST ELECTRICAL SERVICES LIMITED
 

Company Information


Director
Mr J C West 




Registered number
10182858



Registered office
1 Swinston Hill Meadows
Dinnington

Sheffield

South Yorkshire

S25 2SZ





 
WEST ELECTRICAL SERVICES LIMITED
Registered number: 10182858

Balance sheet
As at 31 May 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,785
7,081

  
17,785
7,081

Current assets
  

Debtors
  
43,408
57,068

Cash at bank and in hand
  
33,694
17,557

  
77,102
74,625

Creditors: amounts falling due within one year
 6 
(25,104)
(28,228)

Net current assets
  
 
 
51,998
 
 
46,397

Total assets less current liabilities
  
69,783
53,478

Creditors: amounts falling due after more than one year
  
(3,932)
(5,825)

Provisions for liabilities
  
(3,379)
-

Net assets
  
62,472
47,653


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
62,471
47,652

  
62,472
47,653


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 comprehensive income 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 22 February 2024.

Mr J C West
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
WEST ELECTRICAL SERVICES LIMITED
 

 
Notes to the financial statements
For the year ended 31 May 2023

1.


General information

West Electrical Services Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
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

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 comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

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

 
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.

Page 2

 
WEST ELECTRICAL SERVICES LIMITED
 

 
Notes to the financial statements
For the year ended 31 May 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

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 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.

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 balance sheet date.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
20%
reducing balance
Office equipment
-
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.

 
2.9

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.

Page 3

 
WEST ELECTRICAL SERVICES LIMITED
 

 
Notes to the financial statements
For the year ended 31 May 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

 
WEST ELECTRICAL SERVICES LIMITED
 

 
Notes to the financial statements
For the year ended 31 May 2023

2.Accounting policies (continued)

 
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.

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 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.

 
2.14

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 3 (2022 -3).

Page 5

 
WEST ELECTRICAL SERVICES LIMITED
 

 
Notes to the financial statements
For the year ended 31 May 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2022
801
20,215
109
21,125


Additions
-
12,995
-
12,995



At 31 May 2023

801
33,210
109
34,120



Depreciation


At 1 June 2022
659
13,296
89
14,044


Charge for the year on owned assets
36
-
5
41


Charge for the year on financed assets
-
2,250
-
2,250



At 31 May 2023

695
15,546
94
16,335



Net book value



At 31 May 2023
106
17,664
15
17,785


5.


Debtors

2023
£


Trade debtors
30,140

Other debtors
12,184

Prepayments and accrued income
1,083

43,407


Page 6

 
WEST ELECTRICAL SERVICES LIMITED
 

 
Notes to the financial statements
For the year ended 31 May 2023

6.


Creditors: Amounts falling due within one year

2023
£

Bank loans
1,893

Trade creditors
11,357

Other taxation and social security
8,549

Other creditors
400

Accruals and deferred income
2,905

25,104



7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
1,893
1,847


1,893
1,847

Amounts falling due 1-2 years

Bank loans
1,941
1,893


1,941
1,893

Amounts falling due 2-5 years

Bank loans
1,990
3,932


1,990
3,932


5,824
7,672


Page 7

 
WEST ELECTRICAL SERVICES LIMITED
 

 
Notes to the financial statements
For the year ended 31 May 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 -1) Ordinary share of £1
1
1



9.


Related party transactions

The company operates a directors current account with the sole director which is unsecured, interest free and
repayable upon demand. The balance owed by the Director at the financial year end was £483 (2022 £5,680 owed to the Director).


Page 8