Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05843269 2023-04-01 2024-03-31 05843269 2022-04-01 2023-03-31 05843269 2024-03-31 05843269 2023-03-31 05843269 c:Director2 2023-04-01 2024-03-31 05843269 c:Director3 2023-04-01 2024-03-31 05843269 d:Buildings 2023-04-01 2024-03-31 05843269 d:Buildings 2024-03-31 05843269 d:Buildings 2023-03-31 05843269 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05843269 d:PlantMachinery 2023-04-01 2024-03-31 05843269 d:PlantMachinery 2024-03-31 05843269 d:PlantMachinery 2023-03-31 05843269 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05843269 d:FurnitureFittings 2023-04-01 2024-03-31 05843269 d:FurnitureFittings 2024-03-31 05843269 d:FurnitureFittings 2023-03-31 05843269 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05843269 d:OfficeEquipment 2023-04-01 2024-03-31 05843269 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05843269 d:CurrentFinancialInstruments 2024-03-31 05843269 d:CurrentFinancialInstruments 2023-03-31 05843269 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05843269 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05843269 d:ShareCapital 2024-03-31 05843269 d:ShareCapital 2023-03-31 05843269 d:RetainedEarningsAccumulatedLosses 2024-03-31 05843269 d:RetainedEarningsAccumulatedLosses 2023-03-31 05843269 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 05843269 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 05843269 c:FRS102 2023-04-01 2024-03-31 05843269 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05843269 c:FullAccounts 2023-04-01 2024-03-31 05843269 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05843269 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05843269 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05843269 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05843269









NORTHERN GAS ASSESSMENT SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 March 2024

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
Registered number: 05843269

BALANCE SHEET
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
11,115
10,932

  
11,115
10,932

Current assets
  

Debtors: amounts falling due within one year
 6 
33,024
38,902

Cash at bank and in hand
 7 
153,724
132,614

  
186,748
171,516

Creditors: amounts falling due within one year
 8 
(69,269)
(57,441)

Net current assets
  
 
 
117,479
 
 
114,075

Total assets less current liabilities
  
128,594
125,007

Provisions for liabilities
  

Deferred tax
 10 
(2,377)
(1,771)

  
 
 
(2,377)
 
 
(1,771)

Net assets
  
126,217
123,236


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
126,215
123,234

  
126,217
123,236


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 comprehensive income 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 19 August 2024.
Page 1

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
Registered number: 05843269
    
BALANCE SHEET (CONTINUED)
As at 31 March 2024


N Stephenson
D Nuttall
Director
Director

Page 2

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

1.


General information

Northern Gas Assessment Services Limited is a private company limited by shares incorporated in England & Wales. The registered office is Unit 3b, Denaby Industrial Estate, Coalpit Road, Doncaster, DN12 4LH, England.

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 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.

Page 3

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Interest income

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

 
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.
Page 4

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

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, using the straight-line method.

Depreciation is provided on the following basis:

Land & buildings
-
20%
Straight Line
Plant & machinery
-
15%
Straight Line
Fixtures & fittings
-
20%
Straight Line
Office equipment
-
25%
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.

Page 5

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

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.

 
2.13

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

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Dividends

2024
2023
£
£


Ordinary shares
123,000
94,000

123,000
94,000

Page 6

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

5.


Tangible fixed assets





Freehold property
Plant & machinery
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
8,036
28,060
22,287
58,383


Additions
-
-
1,069
1,069



At 31 March 2024

8,036
28,060
23,356
59,452



Depreciation


At 1 April 2023
6,427
24,146
16,878
47,451


Charge for the year on owned assets
-
443
443
886



At 31 March 2024

6,427
24,589
17,321
48,337



Net book value



At 31 March 2024
1,609
3,471
6,035
11,115



At 31 March 2023
1,609
3,914
5,409
10,932


6.


Debtors

2024
2023
£
£


Trade debtors
28,640
34,879

Prepayments and accrued income
4,384
4,023

33,024
38,902



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
153,724
132,614

153,724
132,614


Page 7

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
40,600
28,976

Other taxation and social security
26,221
26,174

Other creditors
1,251
1,280

Accruals and deferred income
1,197
1,011

69,269
57,441



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
153,724
132,614



Page 8

 
NORTHERN GAS ASSESSMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

10.


Deferred taxation




2024


£






At beginning of year
(1,771)


Charged to profit or loss
(606)



At end of year
(2,377)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,377)
(1,771)

(2,377)
(1,771)

 
Page 9