Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04880918 2023-01-01 2023-12-31 04880918 2022-01-01 2022-12-31 04880918 2023-12-31 04880918 2022-12-31 04880918 c:Director1 2023-01-01 2023-12-31 04880918 d:PlantMachinery 2023-01-01 2023-12-31 04880918 d:PlantMachinery 2023-12-31 04880918 d:PlantMachinery 2022-12-31 04880918 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04880918 d:MotorVehicles 2023-01-01 2023-12-31 04880918 d:MotorVehicles 2023-12-31 04880918 d:MotorVehicles 2022-12-31 04880918 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04880918 d:OfficeEquipment 2023-01-01 2023-12-31 04880918 d:OfficeEquipment 2023-12-31 04880918 d:OfficeEquipment 2022-12-31 04880918 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04880918 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04880918 d:Goodwill 2023-12-31 04880918 d:Goodwill 2022-12-31 04880918 d:CurrentFinancialInstruments 2023-12-31 04880918 d:CurrentFinancialInstruments 2022-12-31 04880918 d:Non-currentFinancialInstruments 2023-12-31 04880918 d:Non-currentFinancialInstruments 2022-12-31 04880918 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04880918 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04880918 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04880918 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04880918 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04880918 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04880918 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 04880918 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 04880918 d:ShareCapital 2023-12-31 04880918 d:ShareCapital 2022-12-31 04880918 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04880918 d:RetainedEarningsAccumulatedLosses 2023-12-31 04880918 d:RetainedEarningsAccumulatedLosses 2022-12-31 04880918 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04880918 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04880918 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04880918 c:OrdinaryShareClass1 2023-12-31 04880918 c:OrdinaryShareClass1 2022-12-31 04880918 c:FRS102 2023-01-01 2023-12-31 04880918 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04880918 c:FullAccounts 2023-01-01 2023-12-31 04880918 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04880918 2 2023-01-01 2023-12-31 04880918 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04880918










ANDREW BARRETT (PLUMBING & HEATING) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
REGISTERED NUMBER:04880918

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
39,438
51,251

  
39,438
51,251

Current assets
  

Stocks
  
1,550
2,500

Debtors: amounts falling due within one year
 7 
229,586
207,590

Cash at bank and in hand
 8 
253,241
285,125

  
484,377
495,215

Creditors: amounts falling due within one year
 9 
(169,368)
(149,151)

Net current assets
  
 
 
315,009
 
 
346,064

Total assets less current liabilities
  
354,447
397,315

Creditors: amounts falling due after more than one year
 10 
(12,036)
(17,833)

Provisions for liabilities
  

Deferred tax
 12 
(9,860)
(8,774)

  
 
 
(9,860)
 
 
(8,774)

Net assets
  
332,551
370,708


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
 14 
332,451
370,608

  
332,551
370,708


Page 1

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
REGISTERED NUMBER:04880918
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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.




RA Barrett
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Andrew Barrett (Plumbing & Heating) Limited, 04880918, 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 this period continues to be the provision of plumbing services.

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

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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%
Motor vehicles
-
25%
Office equipment
-
10%

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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

Page 5

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

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.


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).

Page 6

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
24,416



At 31 December 2023

24,416



Amortisation


At 1 January 2023
24,416



At 31 December 2023

24,416



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 7

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
23,366
92,544
7,915
123,825


Additions
-
-
416
416



At 31 December 2023

23,366
92,544
8,331
124,241



Depreciation


At 1 January 2023
15,032
53,803
3,740
72,575


Charge for the year on owned assets
2,084
9,685
459
12,228



At 31 December 2023

17,116
63,488
4,199
84,803



Net book value



At 31 December 2023
6,250
29,056
4,132
39,438



At 31 December 2022
8,334
38,741
4,176
51,251


7.


Debtors

2023
2022
£
£


Trade debtors
22,700
11,283

Other debtors
-
10,298

Prepayments and accrued income
206,886
186,009

229,586
207,590


Page 8

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
253,241
285,125

253,241
285,125



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,796
5,653

Trade creditors
10,223
11,962

Other taxation and social security
9,787
6,448

Other creditors
138,430
119,107

Accruals and deferred income
5,132
5,981

169,368
149,151


The amount of £5,796 (2022: £5,653) included in creditors within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.


10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
12,036
17,833

12,036
17,833


The amount of £12,036 (2022: £17,833) included in creditors due after one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

Page 9

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,796
5,653


5,796
5,653

Amounts falling due 1-2 years

Bank loans
5,943
5,796


5,943
5,796

Amounts falling due 2-5 years

Bank loans
6,093
12,036


6,093
12,036


17,832
23,485


Page 10

 
ANDREW BARRETT (PLUMBING & HEATING) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Deferred taxation




2023


£






At beginning of year
8,774


Charged to profit or loss
1,086



At end of year
9,860

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
9,860
8,774

9,860
8,774


13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



14.


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 11