Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3115true2023-01-01falseNo description of principal activity18falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08657294 2023-01-01 2023-12-31 08657294 2022-01-01 2022-12-31 08657294 2023-12-31 08657294 2022-12-31 08657294 2022-01-01 08657294 c:Director2 2023-01-01 2023-12-31 08657294 d:PlantMachinery 2023-01-01 2023-12-31 08657294 d:PlantMachinery 2023-12-31 08657294 d:PlantMachinery 2022-12-31 08657294 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08657294 d:MotorVehicles 2023-01-01 2023-12-31 08657294 d:MotorVehicles 2023-12-31 08657294 d:MotorVehicles 2022-12-31 08657294 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08657294 d:FurnitureFittings 2023-01-01 2023-12-31 08657294 d:FurnitureFittings 2023-12-31 08657294 d:FurnitureFittings 2022-12-31 08657294 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08657294 d:OfficeEquipment 2023-01-01 2023-12-31 08657294 d:OfficeEquipment 2023-12-31 08657294 d:OfficeEquipment 2022-12-31 08657294 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08657294 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08657294 d:OtherPropertyPlantEquipment 2023-12-31 08657294 d:OtherPropertyPlantEquipment 2022-12-31 08657294 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08657294 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08657294 d:Goodwill 2023-01-01 2023-12-31 08657294 d:Goodwill 2023-12-31 08657294 d:Goodwill 2022-12-31 08657294 d:CurrentFinancialInstruments 2023-12-31 08657294 d:CurrentFinancialInstruments 2022-12-31 08657294 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08657294 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08657294 d:ShareCapital 2023-12-31 08657294 d:ShareCapital 2022-12-31 08657294 d:CapitalRedemptionReserve 2023-12-31 08657294 d:CapitalRedemptionReserve 2022-12-31 08657294 d:RetainedEarningsAccumulatedLosses 2023-12-31 08657294 d:RetainedEarningsAccumulatedLosses 2022-12-31 08657294 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 08657294 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 08657294 c:OrdinaryShareClass3 2023-01-01 2023-12-31 08657294 c:OrdinaryShareClass3 2023-12-31 08657294 c:OrdinaryShareClass3 2022-12-31 08657294 c:OrdinaryShareClass4 2023-01-01 2023-12-31 08657294 c:OrdinaryShareClass4 2023-12-31 08657294 c:OrdinaryShareClass4 2022-12-31 08657294 c:FRS102 2023-01-01 2023-12-31 08657294 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08657294 c:FullAccounts 2023-01-01 2023-12-31 08657294 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08657294 d:WithinOneYear 2023-12-31 08657294 d:WithinOneYear 2022-12-31 08657294 d:BetweenOneFiveYears 2023-12-31 08657294 d:BetweenOneFiveYears 2022-12-31 08657294 d:MoreThanFiveYears 2023-12-31 08657294 d:MoreThanFiveYears 2022-12-31 08657294 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08657294 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 08657294 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 08657294 6 2023-01-01 2023-12-31 08657294 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 08657294 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 08657294 d:LeasedAssetsHeldAsLessee 2023-12-31 08657294 d:LeasedAssetsHeldAsLessee 2022-12-31 08657294 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 08657294 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 08657294














AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
REGISTERED NUMBER: 08657294

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022

Fixed assets
  

Intangible assets
 4 
55,101
1

Tangible assets
 5 
366,162
182,230

Investments
 6 
90
90

  
421,353
182,321

Current assets
  

Stocks
  
1,341,034
847,323

Debtors: amounts falling due within one year
 7 
286,153
572,979

Cash at bank and in hand
 8 
455,951
647,998

  
2,083,138
2,068,300

Creditors: amounts falling due within one year
 9 
(2,080,188)
(610,419)

Net current assets
  
 
 
2,950
 
 
1,457,881

Total assets less current liabilities
  
424,303
1,640,202

Provisions for liabilities
  

Deferred tax
 11 
(89,793)
(45,556)

  
 
 
(89,793)
 
 
(45,556)

Net assets
  
£334,510
£1,594,646


Capital and reserves
  

Called up share capital 
 12 
219
219

Capital redemption reserve
  
12
12

Profit and loss account
  
334,279
1,594,415

  
£334,510
£1,594,646


Page 1

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
REGISTERED NUMBER: 08657294

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 19 September 2024.




___________________________
S Ward
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Automated Environmental Systems Limited is a private company limited by shares and is incorporated in England and Wales. The company number is 08657294 and the registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH. The principal place of business is Unit 1, Wimbledon Avenue, Brandon, Suffolk, IP27 0NZ. 

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:

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

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

Other 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.

Page 3

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance basis
Motor vehicles
-
25%
reducing balance basis
Fixtures and fittings
-
25%
reducing balance basis
Office equipment
-
33%
straight line basis
Other fixed assets
-
33%
straight line basis

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Page 4

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
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

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

Borrowing costs

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

Page 6

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.17

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.

 
2.18

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 18 (2022 - 15).

Page 7

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill



Cost


At 1 January 2023
25,000


Additions
57,000



At 31 December 2023

82,000



Amortisation


At 1 January 2023
24,999


Charge for the year on owned assets
1,900



At 31 December 2023

26,899



Net book value



At 31 December 2023
£55,101



At 31 December 2022
£1



Page 8

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Other fixed assets
Total



Cost or valuation


At 1 January 2023
20,560
198,973
38,729
33,309
23,265
314,836


Additions
44,000
220,148
57,855
7,083
-
329,086


Disposals
(20,560)
(94,634)
(37,000)
-
-
(152,194)



At 31 December 2023

44,000
324,487
59,584
40,392
23,265
491,728



Depreciation


At 1 January 2023
7,388
65,325
14,959
25,499
19,435
132,606


Charge for the year on owned assets
4,946
50,361
11,087
5,692
3,173
75,259


Disposals
(9,584)
(56,656)
(16,059)
-
-
(82,299)



At 31 December 2023

2,750
59,030
9,987
31,191
22,608
125,566



Net book value



At 31 December 2023
£41,250
£265,457
£49,597
£9,201
£657
£366,162



At 31 December 2022
£13,172
£133,648
£23,770
£7,810
£3,830
£182,230

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022



Motor vehicles
-
10,505

£-
£10,505


6.


Fixed asset investments





Investments in subsidiary companies



Cost or valuation


At 1 January 2023
90



At 31 December 2023
£90




Page 9

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022


Trade debtors
168,823
303,265

Other debtors
28,851
146,427

Prepayments and accrued income
88,479
123,287

£286,153
£572,979



8.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
455,951
647,998

Less: bank overdrafts
(12,212)
-

£443,739
£647,998



9.


Creditors: Amounts falling due within one year

2023
2022

Bank overdrafts
12,212
-

Trade creditors
195,668
333,986

Amounts owed to group undertakings
1,600,090
90

Corporation tax
130,583
128,423

Other taxation and social security
105,441
66,471

Obligations under finance lease and hire purchase contracts
-
3,008

Other creditors
182
73,532

Accruals and deferred income
36,012
4,909

£2,080,188
£610,419


Finance lease and hire purchase agreements are secured on the assets concerned.


10.


Financial instruments

2023
2022

Financial assets


Financial assets measured at fair value through profit or loss
£455,951
£647,998




Financial assets measured at fair value through profit or loss comprise bank and cash balances.

Page 10

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Deferred taxation




2023
2022





At beginning of year
45,556
33,076


Charged to profit or loss
44,237
12,480



At end of year
£89,793
£45,556

The provision for deferred taxation is made up as follows:

2023
2022


Accelerated capital allowances
89,793
45,556

£89,793
£45,556


12.


Share capital

2023
2022
Allotted, called up and fully paid



15,347 (2022 - 15,347) Ordinary shares of £0.01 each
153
153
6,577 (2022 - 6,577) A Ordinary shares of £0.01 each
66
66

£219

£219



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £13,699 (2022 - £10,437).


14.


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
95,000
49,842

Later than 1 year and not later than 5 years
380,000
380,000

Later than 5 years
376,812
471,812

£851,812
£901,654

Page 11

 
AUTOMATED ENVIRONMENTAL SYSTEMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

15.

Controlling party 

At the balance sheet date, the parent undertaking was Automated Environmental Systems Holdings Limited, a company incorporated in England and Wales. 
Automated Environmental Systems Holdings Limited is the controlling party of the company.
The controlling party of the parent undertaking is the director of the company, Mr O M Pringle.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.


Page 12