Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31true2022-09-01falseDemolition and site preparation.1414falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02284289 2022-09-01 2023-08-31 02284289 2021-09-01 2022-08-31 02284289 2023-08-31 02284289 2022-08-31 02284289 2021-09-01 02284289 c:Director1 2022-09-01 2023-08-31 02284289 d:PlantMachinery 2022-09-01 2023-08-31 02284289 d:PlantMachinery 2023-08-31 02284289 d:PlantMachinery 2022-08-31 02284289 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02284289 d:MotorVehicles 2022-09-01 2023-08-31 02284289 d:MotorVehicles 2023-08-31 02284289 d:MotorVehicles 2022-08-31 02284289 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02284289 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 02284289 d:CurrentFinancialInstruments 2023-08-31 02284289 d:CurrentFinancialInstruments 2022-08-31 02284289 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 02284289 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 02284289 d:ShareCapital 2023-08-31 02284289 d:ShareCapital 2022-08-31 02284289 d:ShareCapital 2021-09-01 02284289 d:SharePremium 2023-08-31 02284289 d:SharePremium 2022-08-31 02284289 d:SharePremium 2021-09-01 02284289 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 02284289 d:RetainedEarningsAccumulatedLosses 2023-08-31 02284289 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 02284289 d:RetainedEarningsAccumulatedLosses 2022-08-31 02284289 d:RetainedEarningsAccumulatedLosses 2021-09-01 02284289 c:FRS102 2022-09-01 2023-08-31 02284289 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 02284289 c:FullAccounts 2022-09-01 2023-08-31 02284289 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 02284289 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 02284289 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 02284289 2 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 02284289









BALICREST LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
BALICREST LIMITED
REGISTERED NUMBER: 02284289

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
425,439
527,829

  
425,439
527,829

Current assets
  

Debtors
 5 
298,004
227,465

Cash at bank and in hand
 6 
2,077,338
2,082,005

  
2,375,342
2,309,470

Creditors: amounts falling due within one year
 7 
(197,039)
(82,878)

Net current assets
  
 
 
2,178,303
 
 
2,226,592

Total assets less current liabilities
  
2,603,742
2,754,421

Provisions for liabilities
  

Deferred tax
 8 
(75,148)
(96,370)

  
 
 
(75,148)
 
 
(96,370)

Net assets
  
2,528,594
2,658,051


Capital and reserves
  

Called up share capital 
  
21,739
21,739

Share premium account
  
102,548
102,548

Profit and loss account
  
2,404,307
2,533,764

  
2,528,594
2,658,051


Page 1

 
BALICREST LIMITED
REGISTERED NUMBER: 02284289
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 income statement 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 11 April 2024.





D McGee
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
BALICREST LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 September 2021
21,739
102,548
2,566,632
2,690,919



Profit for the year
-
-
3,132
3,132

Dividends: Equity capital
-
-
(36,000)
(36,000)



At 1 September 2022
21,739
102,548
2,533,764
2,658,051



Loss for the year
-
-
(56,557)
(56,557)

Dividends: Equity capital
-
-
(72,900)
(72,900)


At 31 August 2023
21,739
102,548
2,404,307
2,528,594


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BALICREST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. It's registered address is 71 Dukes Wood Drive, Gerrads Cross, Buckinghamshire, SL9 7LQ.

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:

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

Interest income

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

 
2.4

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 4

 
BALICREST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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
-
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.

 
2.7

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 5

 
BALICREST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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 reporting 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 Statement of Financial Position.

 
2.11

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 the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
14
14

Page 6

 
BALICREST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 September 2022
2,428,381
298,260
2,726,641


Additions
21,458
87,127
108,585


Disposals
(140,600)
(51,959)
(192,559)



At 31 August 2023

2,309,239
333,428
2,642,667



Depreciation


At 1 September 2022
1,901,141
297,671
2,198,812


Charge for the year on owned assets
131,768
28,226
159,994


Disposals
(95,687)
(45,891)
(141,578)



At 31 August 2023

1,937,222
280,006
2,217,228



Net book value



At 31 August 2023
372,017
53,422
425,439



At 31 August 2022
527,240
589
527,829


5.


Debtors

2023
2022
£
£



Trade debtors
289,119
151,014

Other debtors
420
76,451

Prepayments
8,465
-

298,004
227,465


Page 7

 
BALICREST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,077,338
2,082,005

2,077,338
2,082,005



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
146,727
65,448

Corporation tax
14,973
-

Other taxation and social security
21,544
14,119

Other creditors
13,795
3,311

197,039
82,878



8.


Deferred taxation




2023


£






At beginning of year
(96,370)


Utilised in year
21,222



At end of year
(75,148)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(75,148)
(96,370)

(75,148)
(96,370)

Page 8

 
BALICREST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £150,123 (2022 - £11,839). Contributions totalling £3,038 (2022 - £2,677) were payable to the fund at the reporting date and are included in creditors.

 
Page 9