Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity34falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07569801 2022-04-01 2023-03-31 07569801 2021-04-01 2022-03-31 07569801 2023-03-31 07569801 2022-03-31 07569801 c:Director2 2022-04-01 2023-03-31 07569801 d:PlantMachinery 2022-04-01 2023-03-31 07569801 d:PlantMachinery 2023-03-31 07569801 d:PlantMachinery 2022-03-31 07569801 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07569801 d:MotorVehicles 2022-04-01 2023-03-31 07569801 d:MotorVehicles 2023-03-31 07569801 d:MotorVehicles 2022-03-31 07569801 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07569801 d:FurnitureFittings 2022-04-01 2023-03-31 07569801 d:FurnitureFittings 2023-03-31 07569801 d:FurnitureFittings 2022-03-31 07569801 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07569801 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 07569801 d:CurrentFinancialInstruments 2023-03-31 07569801 d:CurrentFinancialInstruments 2022-03-31 07569801 d:Non-currentFinancialInstruments 2023-03-31 07569801 d:Non-currentFinancialInstruments 2022-03-31 07569801 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07569801 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07569801 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07569801 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 07569801 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 07569801 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 07569801 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07569801 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 07569801 d:ShareCapital 2023-03-31 07569801 d:ShareCapital 2022-03-31 07569801 d:RetainedEarningsAccumulatedLosses 2023-03-31 07569801 d:RetainedEarningsAccumulatedLosses 2022-03-31 07569801 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 07569801 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 07569801 c:FRS102 2022-04-01 2023-03-31 07569801 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07569801 c:FullAccounts 2022-04-01 2023-03-31 07569801 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07569801 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number:  07569801














THE GAS STORE HOME SERVICES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


 
THE GAS STORE HOME SERVICES LTD
REGISTERED NUMBER: 07569801

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
2,925
11,792

  
2,925
11,792

Current assets
  

Stocks
  
5,343
5,343

Debtors: amounts falling due within one year
 5 
3,575
3,575

Cash at bank and in hand
 6 
2,629
7,336

  
11,547
16,254

Creditors: amounts falling due within one year
 7 
(23,167)
(35,362)

Net current liabilities
  
 
 
(11,620)
 
 
(19,108)

Total assets less current liabilities
  
(8,695)
(7,316)

Creditors: amounts falling due after more than one year
 8 
(7,750)
(10,750)

  

Net liabilities
  
(16,445)
(18,066)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(16,447)
(18,068)

  
(16,445)
(18,066)


Page 1

 
THE GAS STORE HOME SERVICES LTD
REGISTERED NUMBER: 07569801
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 March 2024.




J L Ainsworth
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THE GAS STORE HOME SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 registered in England and Wales (no. 07569801). The address of the registered office is 8 Pimlico Road, Expressway Industrial Estate, Runcorn, Cheshire, WA7 4US.
These financial statements present information about the company as an individual undertaking.

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 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

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.

Page 3

 
THE GAS STORE HOME SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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

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 4

 
THE GAS STORE HOME SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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 & machinery
-
20% on reducing balance
Motor vehicles
-
25% on reducing balance
Fixtures & fittings
-
15% on 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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately 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
Page 5

 
THE GAS STORE HOME SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

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.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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
Page 6

 
THE GAS STORE HOME SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 4).

Page 7

 
THE GAS STORE HOME SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2022
6,000
33,646
9,750
49,396


Disposals
-
(12,153)
-
(12,153)



At 31 March 2023

6,000
21,493
9,750
37,243



Depreciation


At 1 April 2022
6,000
23,898
7,706
37,604


Charge for the year on owned assets
-
2,437
307
2,744


Disposals
-
(6,029)
-
(6,029)



At 31 March 2023

6,000
20,306
8,013
34,319



Net book value



At 31 March 2023
-
1,187
1,737
2,924



At 31 March 2022
-
9,748
2,044
11,792


5.


Debtors

2023
2022
£
£


Other debtors
3,575
3,575

3,575
3,575



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,629
7,336

2,629
7,336


Page 8

 
THE GAS STORE HOME SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
3,000
3,000

Trade creditors
3,074
7,838

Amounts owed to other participating interests
1,765
12,470

Corporation tax
54
54

Other taxation and social security
2,530
1,705

Other creditors
12,744
10,295

23,167
35,362



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
7,750
10,750

7,750
10,750



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,000
3,000

Amounts falling due 1-2 years

Bank loans
3,000
3,000

Amounts falling due 2-5 years

Bank loans
4,750
7,750


10,750
13,750


Page 9

 
THE GAS STORE HOME SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,629
7,336




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


11.


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 £420 (2022 £341). 


12.


Transactions with directors

During the year, rent was paid to J L Ainsworth, a director, totalling £Nil (2022 £2,700).
The directors operate a current account with the company to which all transactions of a private nature are charged. 
At 31st March 2023, an amount of £6,820 (2022 £6,459) is included in other creditors owing to J L Ainsworth and an amount of £Nil (2022 £1,000) was included in other creditors owing to P Brown.


13.


Related party transactions

J L Ainsworth and P Brown are also directors of The Gas Store Services Limited.
At the 31st March 2023, The Gas Store Home Services Limited owed The Gas Store Services Limited £1,765 (2022 £12,470 in creditors).


14.


Controlling party

At the balance sheet date, J L Ainsworth and P Brown are the controlling party, each owning 50% of the issued share capital.

 
Page 10