Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseDevelopment of building projects11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05193904 2023-01-01 2023-12-31 05193904 2022-01-01 2022-12-31 05193904 2023-12-31 05193904 2022-12-31 05193904 c:Director1 2023-01-01 2023-12-31 05193904 d:FurnitureFittings 2023-01-01 2023-12-31 05193904 d:FurnitureFittings 2023-12-31 05193904 d:FurnitureFittings 2022-12-31 05193904 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05193904 d:OfficeEquipment 2023-01-01 2023-12-31 05193904 d:OfficeEquipment 2023-12-31 05193904 d:OfficeEquipment 2022-12-31 05193904 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05193904 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05193904 d:CurrentFinancialInstruments 2023-12-31 05193904 d:CurrentFinancialInstruments 2022-12-31 05193904 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05193904 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05193904 d:ShareCapital 2023-12-31 05193904 d:ShareCapital 2022-12-31 05193904 d:RetainedEarningsAccumulatedLosses 2023-12-31 05193904 d:RetainedEarningsAccumulatedLosses 2022-12-31 05193904 c:FRS102 2023-01-01 2023-12-31 05193904 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05193904 c:FullAccounts 2023-01-01 2023-12-31 05193904 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05193904 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05193904










WRENSPIRE PROJECTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WRENSPIRE PROJECTS LIMITED
REGISTERED NUMBER: 05193904

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
417
1,184

  
417
1,184

Current assets
  

Stocks
  
53,200
147,721

Debtors: amounts falling due within one year
 5 
9,404
-

Cash at bank and in hand
 6 
134,624
155,333

  
197,228
303,054

Creditors: amounts falling due within one year
 7 
(134,019)
(237,463)

Net current assets
  
 
 
63,209
 
 
65,591

Total assets less current liabilities
  
63,626
66,775

  

Net assets
  
63,626
66,775


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
53,626
56,775

  
63,626
66,775


Page 1

 
WRENSPIRE PROJECTS LIMITED
REGISTERED NUMBER: 05193904
    
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 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 by: 




P Ware
Director

Date: 23 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WRENSPIRE PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Wrenspire Projects Limited is a private company limited by shares. Incorporated in the United Kingdom, registered in England and Wales. The registered office is 73 Southern Road, Thame, Oxon, OX9 2ED. 

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 director of the company is of the opinion that the accounts have been prepared on a going concern.
The director has a reasonable expectation that the company has adequate resources to continue its operations for a period of at least 12 months from the date that the financial statements are approved. The key method for assessing going concern is through the business planning process which considers profitability, liquidity and solvency. The business planning process considers the company's business activities, together with factors likely to affect its future development, successful performance and position, and key risks in the current economic climate..

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

Page 3

 
WRENSPIRE PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company contributes to 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.

 
2.6

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.

Page 4

 
WRENSPIRE PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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:

Fixtures and fittings
-
25%
Office equipment
-
25%

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.

 
2.8

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 weighted average 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.

 
2.9

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.

 
2.10

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.

 
2.11

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

 
WRENSPIRE PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

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.


Judgments 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 of future events that are believed to be reasonable under the
circumstances.


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
3,545
5,999
9,544



At 31 December 2023

3,545
5,999
9,544



Depreciation


At 1 January 2023
3,439
4,921
8,360


Charge for the year on owned assets
106
661
767



At 31 December 2023

3,545
5,582
9,127



Net book value



At 31 December 2023
-
417
417



At 31 December 2022
106
1,078
1,184

Page 6

 
WRENSPIRE PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
5,809
-

Other debtors
3,595
-

9,404
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
134,624
155,333

134,624
155,333



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
40,535
62,321

Corporation tax
19,558
17,408

Other taxation and social security
10,804
66,268

Other creditors
4,900
13,538

Accruals and deferred income
58,222
77,928

134,019
237,463



8.


Pension commitments

The company contributes to 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 £NIL (2022 - £NIL)

 
Page 7