Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12055314 2023-07-01 2024-06-30 12055314 2022-07-01 2023-06-30 12055314 2024-06-30 12055314 2023-06-30 12055314 c:Director1 2023-07-01 2024-06-30 12055314 c:Director2 2023-07-01 2024-06-30 12055314 d:FurnitureFittings 2023-07-01 2024-06-30 12055314 d:FurnitureFittings 2024-06-30 12055314 d:FurnitureFittings 2023-06-30 12055314 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12055314 d:OfficeEquipment 2023-07-01 2024-06-30 12055314 d:OfficeEquipment 2024-06-30 12055314 d:OfficeEquipment 2023-06-30 12055314 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12055314 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12055314 d:CurrentFinancialInstruments 2024-06-30 12055314 d:CurrentFinancialInstruments 2023-06-30 12055314 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12055314 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12055314 d:ShareCapital 2024-06-30 12055314 d:ShareCapital 2023-06-30 12055314 d:RetainedEarningsAccumulatedLosses 2024-06-30 12055314 d:RetainedEarningsAccumulatedLosses 2023-06-30 12055314 c:EntityNoLongerTradingButTradedInPast 2023-07-01 2024-06-30 12055314 c:FRS102 2023-07-01 2024-06-30 12055314 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12055314 c:FullAccounts 2023-07-01 2024-06-30 12055314 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12055314 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12055314










COACH WORKS ASHFORD LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
COACH WORKS ASHFORD LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COACH WORKS ASHFORD LTD
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coach Works Ashford Ltd for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Coach Works Ashford Ltd, as a body, in accordance with the terms of our engagement letter dated 14th August 2019Our work has been undertaken solely to prepare for your approval the financial statements of Coach Works Ashford Ltd and state those matters that we have agreed to state to the Board of directors of Coach Works Ashford Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coach Works Ashford Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Coach Works Ashford Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coach Works Ashford Ltd. You consider that Coach Works Ashford Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Coach Works Ashford Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-On-Sea
Essex
SS0 9PE
1 August 2024
Page 1

 
COACH WORKS ASHFORD LTD
REGISTERED NUMBER: 12055314

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,817
21,320

  
13,817
21,320

Current assets
  

Debtors: amounts falling due within one year
 5 
1,810
4,362

Cash at bank and in hand
 6 
10,696
42,458

  
12,506
46,820

Creditors: amounts falling due within one year
 7 
(23,978)
(34,499)

Net current (liabilities)/assets
  
 
 
(11,472)
 
 
12,321

Total assets less current liabilities
  
2,345
33,641

Provisions for liabilities
  

Deferred tax
  
-
(3,218)

  
 
 
-
 
 
(3,218)

Net assets
  
2,345
30,423


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,245
30,323

  
2,345
30,423


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 1 August 2024.



Page 2

 
COACH WORKS ASHFORD LTD
REGISTERED NUMBER: 12055314

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


Carl Turner
Mary Turner-Martin
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
COACH WORKS ASHFORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is limited by shares and incorporated in England. Its registered office and principal place of business is Old Corn Store, Dover Place, Ashford, Kent, TN23 1HU.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
COACH WORKS ASHFORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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 5

 
COACH WORKS ASHFORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Fixtures and fittings
-
20%
Straight Line
Office equipment
-
20%
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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 6

 
COACH WORKS ASHFORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

2024
2023
£
£

Wages and salaries
102,347
58,539

Social security costs
4,012
4,001

Cost of defined contribution scheme
977
906

107,336
63,446


The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
41,265
1,220
42,485


Additions
-
1,111
1,111



At 30 June 2024

41,265
2,331
43,596



Depreciation


At 1 July 2023
21,104
61
21,165


Charge for the year on owned assets
8,253
361
8,614



At 30 June 2024

29,357
422
29,779



Net book value



At 30 June 2024
11,908
1,909
13,817



At 30 June 2023
20,161
1,159
21,320


5.


Debtors

2024
2023
£
£


Trade debtors
-
2,790

Other debtors
1,810
1,572

1,810
4,362


Page 7

 
COACH WORKS ASHFORD LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10,696
42,458

10,696
42,458



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,805
-

Other taxation and social security
-
5,606

Other creditors
18,053
21,147

Accruals and deferred income
2,120
7,746

23,978
34,499



8.


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 £977, 2023: £906. Contributions totalling £nil, 2023: £225 were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

During the year the company had transactions with other companies who share key managment personnel.
Hot House Hospitality: Creditor  £2,637
Hot House Hospitality: Sales £3,000 (2023: £2,000)
 


Page 8