Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity4138truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07478301 2023-01-01 2023-12-31 07478301 2022-01-01 2022-12-31 07478301 2023-12-31 07478301 2022-12-31 07478301 c:Director1 2023-01-01 2023-12-31 07478301 c:Director2 2023-01-01 2023-12-31 07478301 d:Buildings 2023-01-01 2023-12-31 07478301 d:Buildings 2023-12-31 07478301 d:Buildings 2022-12-31 07478301 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07478301 d:PlantMachinery 2023-01-01 2023-12-31 07478301 d:PlantMachinery 2023-12-31 07478301 d:PlantMachinery 2022-12-31 07478301 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07478301 d:MotorVehicles 2023-01-01 2023-12-31 07478301 d:MotorVehicles 2023-12-31 07478301 d:MotorVehicles 2022-12-31 07478301 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07478301 d:FurnitureFittings 2023-01-01 2023-12-31 07478301 d:FurnitureFittings 2023-12-31 07478301 d:FurnitureFittings 2022-12-31 07478301 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07478301 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07478301 d:Goodwill 2023-12-31 07478301 d:Goodwill 2022-12-31 07478301 d:CurrentFinancialInstruments 2023-12-31 07478301 d:CurrentFinancialInstruments 2022-12-31 07478301 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07478301 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07478301 d:ShareCapital 2023-12-31 07478301 d:ShareCapital 2022-12-31 07478301 d:RetainedEarningsAccumulatedLosses 2023-12-31 07478301 d:RetainedEarningsAccumulatedLosses 2022-12-31 07478301 c:FRS102 2023-01-01 2023-12-31 07478301 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07478301 c:FullAccounts 2023-01-01 2023-12-31 07478301 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07478301 d:WithinOneYear 2023-12-31 07478301 d:WithinOneYear 2022-12-31 07478301 d:BetweenOneFiveYears 2023-12-31 07478301 d:BetweenOneFiveYears 2022-12-31 07478301 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07478301 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07478301 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 07478301 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

07478301







WINDLESHAM SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2023

































WINDLESHAM SERVICES LIMITED
REGISTERED NUMBER:07478301

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
7,500
15,000

Tangible assets
 5 
1,710,924
1,725,781

  
1,718,424
1,740,781

Current assets
  

Stocks
  
1,700
1,700

Debtors: amounts falling due within one year
 6 
106,708
80,187

Cash at bank and in hand
  
190,122
150,837

  
298,530
232,724

Creditors: amounts falling due within one year
 7 
(442,384)
(535,934)

Net current liabilities
  
 
 
(143,854)
 
 
(303,210)

Total assets less current liabilities
  
1,574,570
1,437,571

Provisions for liabilities
  

Deferred tax
 8 
(38,619)
(41,694)

  
 
 
(38,619)
 
 
(41,694)

Net assets
  
1,535,951
1,395,877


Capital and reserves
  

Called up share capital 
  
128
128

Profit and loss account
  
1,535,823
1,395,749

  
1,535,951
1,395,877


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 30 July 2024.
Page 1

WINDLESHAM SERVICES LIMITED
REGISTERED NUMBER:07478301
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023





S M Carey
S J Carey
Director
Director

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

Page 2

WINDLESHAM SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Windlesham Services Limited ("the Company") is a limited company domiciled and incorporated in England.
The address of the Company's registered office and principal place of business is Windlesham Manor, Hurtis Hill, Crowborough, East Sussex, TN6 3AA.

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.

Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

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

Going concern

Having taken into account all available information about the company’s trading prospects and cash flow requirements for 12 months from the date of approval of the financial statements, the directors consider that the company is a going concern. The directors and their close family members that are also creditors at the year end will continue to support the Company.

 
2.3

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. 

Revenue is recognised on an accruals basis, with accrued and deferred income being recognised appropriately on fee income from residents and local authorities.

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and loss account over its useful economic life of 10 years.

Page 3

WINDLESHAM SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 on the following basis:

Freehold property
-
No depreciation
Plant and machinery
-
20% on written down value
Motor vehicles
-
25% on written down value
Fixtures and fittings
-
10% on written down value

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.

Freehold property is not depreciated as the residual value is not considered to be lower than cost.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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.

Page 4

WINDLESHAM SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

 Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
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.

 
2.12

 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.

 
2.13

 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.


Page 5

WINDLESHAM SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.14

 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 41 (2022 - 38).

Page 6

WINDLESHAM SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
75,000



At 31 December 2023

75,000



Amortisation


At 1 January 2023
60,000


Charge for the year on owned assets
7,500



At 31 December 2023

67,500



Net book value



At 31 December 2023
7,500



At 31 December 2022
15,000



Page 7

WINDLESHAM SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost


At 1 January 2023
1,557,745
200,587
4,259
64,906
1,827,497


Additions
-
1,449
14,796
1,657
17,902



At 31 December 2023

1,557,745
202,036
19,055
66,563
1,845,399



Depreciation


At 1 January 2023
-
66,999
3,832
30,886
101,717


Charge for the year on owned assets
-
26,925
2,265
3,568
32,758



At 31 December 2023

-
93,924
6,097
34,454
134,475



Net book value



At 31 December 2023
1,557,745
108,112
12,958
32,109
1,710,924



At 31 December 2022
1,557,745
133,588
427
34,020
1,725,780


6.


Debtors

2023
2022
£
£


Trade debtors
28,416
3,180

Other debtors
70,936
69,544

Prepayments
7,356
7,463

106,708
80,187


Page 8

WINDLESHAM SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
15,864
19,286

Corporation tax
67,818
43,388

Other taxation and social security
27,845
18,598

Other creditors
321,773
444,570

Accruals
9,084
10,092

442,384
535,934


Included within other creditors are loans of £320,485 (2022: £443,617) from close family members of the directors of the company, which are secured by a first legal charge over the property of the company until such time as all outstanding monies are repaid, either by 29 September 2026 or earlier upon demand.  The loans are interest free and repayable on demand.


8.


Deferred taxation




2023


£






At beginning of year
(41,694)


Charged to profit or loss
3,075



At end of year
(38,619)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
38,619
41,694


9.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
4,996
4,996

Later than 1 year and not later than 5 years
9,168
14,164

14,164
19,160

Page 9

WINDLESHAM SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Transactions with directors

During the year, transactions occurred between the directors and the Company. These are summarised in the table below:

2023
2022
£
£
Brought forward

69,542

69,645
 
Advances to director

60,050

68,525
 
Loan repayments

(60,000)

(69,650)
 
Interest charged

1,197

1,022
 
Carried forward
70,789

69,542
 

During the year, interest has been charged by the company on overdrawn balances at the HMRC approved rate. The loan is unsecured and repayable on demand. 

 
Page 10