Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse2023-01-01Supply and fitting of water sprinkler systems22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11028986 2023-01-01 2023-12-31 11028986 2022-01-01 2022-12-31 11028986 2023-12-31 11028986 2022-12-31 11028986 c:Director1 2023-01-01 2023-12-31 11028986 d:CurrentFinancialInstruments 2023-12-31 11028986 d:CurrentFinancialInstruments 2022-12-31 11028986 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11028986 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11028986 d:ShareCapital 2023-12-31 11028986 d:ShareCapital 2022-12-31 11028986 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11028986 d:RetainedEarningsAccumulatedLosses 2023-12-31 11028986 d:RetainedEarningsAccumulatedLosses 2022-12-31 11028986 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 11028986 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 11028986 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11028986 c:OrdinaryShareClass1 2023-12-31 11028986 c:OrdinaryShareClass1 2022-12-31 11028986 c:OrdinaryShareClass2 2023-01-01 2023-12-31 11028986 c:OrdinaryShareClass2 2023-12-31 11028986 c:OrdinaryShareClass2 2022-12-31 11028986 c:FRS102 2023-01-01 2023-12-31 11028986 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11028986 c:FullAccounts 2023-01-01 2023-12-31 11028986 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11028986 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11028986










AB SPRINKLERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AB SPRINKLERS LIMITED
REGISTERED NUMBER:11028986

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
14,253
30,981

Cash at bank and in hand
 6 
120,655
107,186

  
134,908
138,167

Creditors: amounts falling due within one year
 7 
(134,778)
(138,037)

Net current assets
  
 
 
130
 
 
130

Total assets less current liabilities
  
130
130

  

Net assets
  
130
130


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
30
30

  
130
130


Page 1

 
AB SPRINKLERS LIMITED
REGISTERED NUMBER:11028986
    
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 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 17 September 2024.




R A Barrett
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
AB SPRINKLERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

AB Sprinklers Limited, 11028986, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Venture Cottage, Aberhafesp, Newtown, Powys, SY16 3HH.
The principal activity of the Company for the period continues to be the fitting of water sprinkler systems.

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.

Page 3

 
AB SPRINKLERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Taxation

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.

 
2.4

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.

 
2.5

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.

 
2.6

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

 
AB SPRINKLERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Debtors

2023
2022
£
£


Trade debtors
13,614
1,961

Other debtors
439
-

Prepayments and accrued income
200
29,020

14,253
30,981



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
120,655
107,186

120,655
107,186


Page 5

 
AB SPRINKLERS 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
456
738

Corporation tax
3
3

Other taxation and social security
-
3,927

Accruals and deferred income
134,319
133,369

134,778
138,037



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
120,655
107,186




Financial assets measured at fair value through profit or loss comprise...


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary A shares of £1.00 each
50
50
50 (2022 - 50) Ordinary B shares of £1.00 each
50
50

100

100



10.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.

 
Page 6