Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsefalseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08815950 2023-01-01 2023-12-31 08815950 2022-01-01 2022-12-31 08815950 2023-12-31 08815950 2022-12-31 08815950 c:Director2 2023-01-01 2023-12-31 08815950 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08815950 d:OtherPropertyPlantEquipment 2023-12-31 08815950 d:OtherPropertyPlantEquipment 2022-12-31 08815950 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 08815950 d:CurrentFinancialInstruments 2023-12-31 08815950 d:CurrentFinancialInstruments 2022-12-31 08815950 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08815950 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08815950 d:ShareCapital 2023-12-31 08815950 d:ShareCapital 2022-12-31 08815950 d:RetainedEarningsAccumulatedLosses 2023-12-31 08815950 d:RetainedEarningsAccumulatedLosses 2022-12-31 08815950 c:FRS102 2023-01-01 2023-12-31 08815950 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08815950 c:FullAccounts 2023-01-01 2023-12-31 08815950 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08815950 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08815950









CUESCRIPT HIRE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CUESCRIPT HIRE LIMITED
REGISTERED NUMBER: 08815950

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
7,568

Current assets
  

Debtors: amounts falling due within one year
 5 
134,041
101,279

Cash at bank and in hand
  
43,767
104,683

  
177,808
205,962

Creditors: amounts falling due within one year
 6 
(144,037)
(134,990)

Net current assets
  
 
 
33,771
 
 
70,972

  

Net assets
  
33,771
78,540


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
33,770
78,539

  
33,771
78,540


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.


M Accardi
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
CUESCRIPT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

CueScript Hire Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Unit 15, 1st Quarter Blenheim Road, Epsom, England, KT19 9QN. 

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

Going concern

The accounts have been prepared on the going concern basis. The Company has the continued support of its fellow group companies. At the time of approval of these financial statements the directors are of the opinion that the company will continue in operation for the foreseeable future.

 
2.3

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.

 
2.4

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.

Page 2

 
CUESCRIPT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, provided on the following annual basis:.

Depreciation is provided on the following basis:

Hire equipment
-
15% 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 the Statement of income and retained earnings.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

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. 

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/ from related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.8

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.

 
2.9

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of income and retained earnings on a straight-line basis over the lease term.

 
2.10

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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.

Page 3

 
CUESCRIPT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Taxation

Tax is recognised in the Statement of income and retained earnings 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.

 
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 2 (2022 - 2).

Page 4

 
CUESCRIPT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Hire equipment

£



Cost


At 1 January 2023
37,839



At 31 December 2023

37,839



Depreciation


At 1 January 2023
30,271


Charge for the year on financed assets
7,568



At 31 December 2023

37,839



Net book value



At 31 December 2023
-



At 31 December 2022
7,568


5.


Debtors

2023
2022
£
£


Trade debtors
21,466
16,342

Amounts owed by group undertakings
112,575
84,937

134,041
101,279


Page 5

 
CUESCRIPT HIRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,680
4,278

Amounts owed to group undertakings
124,872
113,196

Corporation tax
8,897
5,842

Other taxation and social security
8,338
10,917

Other creditors
-
222

Accruals
250
535

144,037
134,990



7.


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 £1,210 (2022 - £1,140). Contributions totalling £Nil (2022 - £222) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 6