Caseware UK (AP4) 2023.0.135 2023.0.135 2022-08-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13110611 2022-08-01 2023-07-31 13110611 2021-08-01 2022-07-31 13110611 2023-07-31 13110611 2022-07-31 13110611 c:Director1 2022-08-01 2023-07-31 13110611 d:MotorVehicles 2022-08-01 2023-07-31 13110611 d:MotorVehicles 2023-07-31 13110611 d:MotorVehicles 2022-07-31 13110611 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 13110611 d:OfficeEquipment 2022-08-01 2023-07-31 13110611 d:OfficeEquipment 2023-07-31 13110611 d:OfficeEquipment 2022-07-31 13110611 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 13110611 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 13110611 d:CurrentFinancialInstruments 2023-07-31 13110611 d:CurrentFinancialInstruments 2022-07-31 13110611 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13110611 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 13110611 d:ShareCapital 2023-07-31 13110611 d:ShareCapital 2022-07-31 13110611 d:RetainedEarningsAccumulatedLosses 2023-07-31 13110611 d:RetainedEarningsAccumulatedLosses 2022-07-31 13110611 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 13110611 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 13110611 c:FRS102 2022-08-01 2023-07-31 13110611 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13110611 c:FullAccounts 2022-08-01 2023-07-31 13110611 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13110611 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 13110611





 
Essex Protect Limited          
 
Financial statements          

For the year ended 31 July 2023          

 
Essex Protect Limited
Registered number:13110611

Balance sheet
As at 31 July 2023


2023 

2022 
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
14,264
18,237

Current assets
  

Debtors
 5 
72,552
13,920

Cash at bank and in hand
 6 
18,243
25,873

  
90,795
39,793

Creditors: amounts falling due within one year
 7 
(58,845)
(34,246)

Net current assets
  
 
 
31,950
 
 
5,547

Provisions for liabilities
  

Deferred tax
  
(3,566)
-

Net assets
  
42,648
23,784


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
42,647
23,783

  
42,648
23,784


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 company's financial statements have been prepared 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 30 July 2024.




J. White
Director


The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
Essex Protect Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

1.


General information

Essex Protect Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit 4 Sudbury Stables, Sudbury Road, Downham, Billericay, Essex, CM11 1LB.

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 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 2

 
Essex Protect Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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 at the following rates:

Motor vehicles
-
25%
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.

Page 3

 
Essex Protect Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

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

2023
2022
£
£

Wages and salaries
14,252
11,876


The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Director
1
1

Page 4

 
Essex Protect Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost 


At 1 August 2022
23,125
1,191
24,316


Additions
-
781
781



At 31 July 2023

23,125
1,972
25,097



Depreciation


At 1 August 2022
5,781
298
6,079


Charge for the year 
4,336
418
4,754



At 31 July 2023

10,117
716
10,833



Net book value



At 31 July 2023
13,008
1,256
14,264



At 31 July 2022
17,344
893
18,237


5.


Debtors

2023
2022
£
£


Trade debtors
61,740
13,920

Other debtors
9,793
-

Prepayments and accrued income
1,019
-

72,552
13,920


Included within other debtors due within one year is a loan to J.B. White the sole director, amounting to £9,682 (2022 - £Nil). The maximum outstanding balance during the year was £47,382 (2022 - £Nil). The loan is not subject to interest. 


Page 5

 
Essex Protect Limited
 
 
Notes to the financial statements
For the year ended 31 July 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
18,243
25,873



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,953
528

Corporation tax
27,315
6,696

Other taxation and social security
25,777
5,117

Other creditors
-
21,905

Accruals and deferred income
2,800
-

58,845
34,246



8.


Deferred taxation




2023


£






At beginning of year
-


Charge for the year
3,566



At end of year
3,566

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
3,566
-

 
Page 6