Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falsefalseNo description of principal activity1413trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09700151 2023-01-01 2023-12-31 09700151 2022-01-01 2022-12-31 09700151 2023-12-31 09700151 2022-12-31 09700151 c:Director1 2023-01-01 2023-12-31 09700151 d:PlantMachinery 2023-01-01 2023-12-31 09700151 d:PlantMachinery 2023-12-31 09700151 d:PlantMachinery 2022-12-31 09700151 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09700151 d:MotorVehicles 2023-01-01 2023-12-31 09700151 d:MotorVehicles 2023-12-31 09700151 d:MotorVehicles 2022-12-31 09700151 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09700151 d:FurnitureFittings 2023-01-01 2023-12-31 09700151 d:FurnitureFittings 2023-12-31 09700151 d:FurnitureFittings 2022-12-31 09700151 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09700151 d:ComputerEquipment 2023-01-01 2023-12-31 09700151 d:ComputerEquipment 2023-12-31 09700151 d:ComputerEquipment 2022-12-31 09700151 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09700151 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09700151 d:CurrentFinancialInstruments 2023-12-31 09700151 d:CurrentFinancialInstruments 2022-12-31 09700151 d:Non-currentFinancialInstruments 2023-12-31 09700151 d:Non-currentFinancialInstruments 2022-12-31 09700151 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09700151 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09700151 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09700151 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 09700151 d:ShareCapital 2023-12-31 09700151 d:ShareCapital 2022-12-31 09700151 d:CapitalRedemptionReserve 2023-12-31 09700151 d:CapitalRedemptionReserve 2022-12-31 09700151 d:RetainedEarningsAccumulatedLosses 2023-12-31 09700151 d:RetainedEarningsAccumulatedLosses 2022-12-31 09700151 c:FRS102 2023-01-01 2023-12-31 09700151 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09700151 c:FullAccounts 2023-01-01 2023-12-31 09700151 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09700151 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 09700151 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 09700151 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 09700151 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 09700151 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 09700151







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


COUNTRY TIPIS LTD






































img5472.png                        

 


COUNTRY TIPIS LTD
REGISTERED NUMBER:09700151



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
478,691
507,534

  
478,691
507,534

Current assets
  

Debtors: amounts falling due within one year
 4 
33,168
97,380

Cash at bank and in hand
  
90,675
86,781

  
123,843
184,161

Creditors: amounts falling due within one year
 5 
(242,808)
(258,360)

Net current liabilities
  
 
 
(118,965)
 
 
(74,199)

Total assets less current liabilities
  
359,726
433,335

Creditors: amounts falling due after more than one year
 6 
(94,102)
(165,352)

Provisions for liabilities
  

Deferred tax
  
(109,062)
(87,853)

  
 
 
(109,062)
 
 
(87,853)

Net assets
  
156,562
180,130


Capital and reserves
  

Called up share capital 
  
80
100

Capital redemption reserve
  
20
-

Profit and loss account
  
156,462
180,030

  
156,562
180,130


Page 1

 


COUNTRY TIPIS LTD
REGISTERED NUMBER:09700151


    
STATEMENT OF FINANCIAL POSITION (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 profit and loss account 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 by: 




................................................
R A Knapp
Director

Date: 19 September 2024

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

Page 2

 


COUNTRY TIPIS LTD
 


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

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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 reporting 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 reporting 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 reporting date.

Page 3

 


COUNTRY TIPIS LTD
 


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

1.Accounting policies (continued)

 
1.4

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, using both the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
on cost and 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.

 
1.5

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

 
1.6

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.


Employees

The average monthly number of employees, including directors, during the year was 14 (2022 - 13).

Page 4

 


COUNTRY TIPIS LTD
 


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

3.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
538,404
205,607
28,287
10,638
782,936


Additions
109,582
-
-
806
110,388


Disposals
-
(24,999)
-
-
(24,999)



At 31 December 2023

647,986
180,608
28,287
11,444
868,325



Depreciation


At 1 January 2023
210,584
49,209
9,183
6,426
275,402


Charge for the year on owned assets
74,425
38,058
5,657
1,300
119,440


Disposals
-
(5,208)
-
-
(5,208)



At 31 December 2023

285,009
82,059
14,840
7,726
389,634



Net book value



At 31 December 2023
362,977
98,549
13,447
3,718
478,691



At 31 December 2022
327,820
156,398
19,104
4,212
507,534


4.


Debtors

2023
2022
£
£


Trade debtors
13,219
7,826

Other debtors
19,949
89,554

33,168
97,380


Page 5

 


COUNTRY TIPIS LTD
 


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

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
34,000
34,000

Corporation tax
40,086
25,284

Other taxation and social security
4,007
-

Obligations under finance lease and hire purchase contracts
15,341
34,607

Other creditors
3,923
26,465

Accruals and deferred income
145,451
138,004

242,808
258,360



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
62,166
96,167

Net obligations under finance leases and hire purchase contracts
19,165
50,935

Accruals and deferred income
12,771
18,250

94,102
165,352



7.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
15,341
34,607

Between 1-5 years
19,165
50,935

34,506
85,542


8.


Transactions with directors

At the balance sheet date the directors owed £19,949 (2022: £60,449) to the company. The balance can be found within debtors. The maximum balance outstanding in the year was £19,949. The balance is being repaid after the year end.

 
Page 6