Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31property care timber treatmentfalse2023-01-01false3true4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13788694 2023-01-01 2023-12-31 13788694 2021-12-08 2022-12-31 13788694 2023-12-31 13788694 2022-12-31 13788694 c:Director2 2023-01-01 2023-12-31 13788694 d:PlantMachinery 2023-01-01 2023-12-31 13788694 d:PlantMachinery 2023-12-31 13788694 d:PlantMachinery 2022-12-31 13788694 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13788694 d:OfficeEquipment 2023-01-01 2023-12-31 13788694 d:OfficeEquipment 2023-12-31 13788694 d:OfficeEquipment 2022-12-31 13788694 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13788694 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13788694 d:Goodwill 2023-12-31 13788694 d:Goodwill 2022-12-31 13788694 d:CurrentFinancialInstruments 2023-12-31 13788694 d:CurrentFinancialInstruments 2022-12-31 13788694 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13788694 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13788694 d:ShareCapital 2023-12-31 13788694 d:ShareCapital 2022-12-31 13788694 d:RetainedEarningsAccumulatedLosses 2023-12-31 13788694 d:RetainedEarningsAccumulatedLosses 2022-12-31 13788694 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13788694 c:OrdinaryShareClass1 2023-12-31 13788694 c:OrdinaryShareClass1 2022-12-31 13788694 c:OrdinaryShareClass2 2023-01-01 2023-12-31 13788694 c:OrdinaryShareClass2 2023-12-31 13788694 c:OrdinaryShareClass2 2022-12-31 13788694 c:FRS102 2023-01-01 2023-12-31 13788694 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13788694 c:FullAccounts 2023-01-01 2023-12-31 13788694 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13788694 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 13788694 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 13788694 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 13788694 2 2023-01-01 2023-12-31 13788694 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 13788694 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13788694









B W PROPERTY CARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
B W PROPERTY CARE LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 8


 
B W PROPERTY CARE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF B W PROPERTY CARE LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of B W Property Care Limited for the year ended 31 December 2023 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 B W Property Care Limited, as a body, in accordance with the terms of our engagement letter dated 17 December 2021Our work has been undertaken solely to prepare for your approval the financial statements of B W Property Care Limited and state those matters that we have agreed to state to the Board of directors of B W Property Care Limited, 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 B W Property Care Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that B W Property Care Limited 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 profit of B W Property Care Limited. You consider that B W Property Care Limited 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 B W Property Care Limited. 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.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
16 August 2024
Page 1

 
B W PROPERTY CARE LIMITED
REGISTERED NUMBER: 13788694

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
17,840
20,070

Tangible assets
 5 
8,649
7,160

  
26,489
27,230

Current assets
  

Stocks
  
2,800
1,500

Debtors: amounts falling due within one year
 6 
46,302
11,700

Cash at bank and in hand
  
31,845
29,860

  
80,947
43,060

Creditors: amounts falling due within one year
 7 
(42,334)
(34,977)

Net current assets
  
 
 
38,613
 
 
8,083

Total assets less current liabilities
  
65,102
35,313

Provisions for liabilities
  

Deferred tax
  
(1,416)
(1,012)

  
 
 
(1,416)
 
 
(1,012)

Net assets
  
63,686
34,301


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
63,586
34,201

  
63,686
34,301


Page 2

 
B W PROPERTY CARE LIMITED
REGISTERED NUMBER: 13788694
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 16 August 2024.




Mr S Askew
Director

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

Page 3

 
B W PROPERTY CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private United Kingdom company limited by shares. It is incorporated and domiciled in England and Wales, registration number 13788694. The address of the registered office and principle place of business is Dormer House, Carr Lane, Poringland, Norwich, Norfolk, NR14 7LT. The company's principle activity is that of property care timber treatment. 

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

Turnover

Turnover comprises revenue recognised by the company in respect of property care timber treatment. Turnover is exclusive of value added tax and is recognised on an accruals basis. 
Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and the turnover can be reliably measured. 

 
2.3

Interest income

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

 
2.4

Pensions

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. 

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but 
not reversed by the balance sheet date. 

Current and deferred tax is determined using tax rates and laws that have been enacted or 
substantively enacted by the balance sheet date.

 
2.6

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 the Statement of income and retained earnings over its useful economic life.

Page 4

 
B W PROPERTY CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

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
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.

 
2.8

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition. 

 
2.9

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.

 
2.10

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.


3.


Employees

The average number of employees, including directors, during the period was 4. (2022: 3)




Page 5

 
B W PROPERTY CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
22,300



At 31 December 2023

22,300



Amortisation


At 1 January 2023
2,230


Charge for the year on owned assets
2,230



At 31 December 2023

4,460



Net book value



At 31 December 2023
17,840



At 31 December 2022
20,070



Page 6

 
B W PROPERTY CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
4,610
4,936
9,546


Additions
3,625
749
4,374



At 31 December 2023

8,235
5,685
13,920



Depreciation


At 1 January 2023
1,153
1,234
2,387


Charge for the year on owned assets
1,771
1,113
2,884



At 31 December 2023

2,924
2,347
5,271



Net book value



At 31 December 2023
5,311
3,338
8,649



At 31 December 2022
3,458
3,702
7,160


6.


Debtors

2023
2022
£
£


Trade debtors
27,309
11,491

Other debtors
18,722
-

Prepayments and accrued income
271
209

46,302
11,700


Page 7

 
B W PROPERTY CARE 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
8,978
4,163

Other taxation and social security
13,355
15,916

Other creditors
15,831
3,821

Accruals and deferred income
4,170
11,077

42,334
34,977



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



51 (2022 - 51) Ordinary A shares of £1.00 each
51
51
49 (2022 - 49) Ordinary B shares of £1.00 each
49
49

100

100



9.


Transactions with directors

As at 31 December 2022, the balance of the directors' loan account was £2,210 owing to the directors. During the year the company made payments on behalf of the directors, totalling £69,157, and the directors advanced the company £48,225. Interest of £499 was charged by the company in respect of the overdrawn balances. Interest was charged at 2% before 5 April 2023 and 2.25% thereafter. The balance of the loan account as at 31 December 2023 was £18,722 overdrawn, as included within other debtors note 6 above and is repayable on demand.

 
Page 8