Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity03trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03124171 2023-01-01 2023-12-31 03124171 2022-01-01 2022-12-31 03124171 2023-12-31 03124171 2022-12-31 03124171 2022-01-01 03124171 c:Director1 2023-01-01 2023-12-31 03124171 d:FurnitureFittings 2023-01-01 2023-12-31 03124171 d:FurnitureFittings 2023-12-31 03124171 d:FurnitureFittings 2022-12-31 03124171 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03124171 d:OfficeEquipment 2023-01-01 2023-12-31 03124171 d:OfficeEquipment 2023-12-31 03124171 d:OfficeEquipment 2022-12-31 03124171 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03124171 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03124171 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 03124171 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 03124171 d:CurrentFinancialInstruments 2023-12-31 03124171 d:CurrentFinancialInstruments 2022-12-31 03124171 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03124171 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03124171 d:ShareCapital 2023-12-31 03124171 d:ShareCapital 2022-12-31 03124171 d:RetainedEarningsAccumulatedLosses 2023-12-31 03124171 d:RetainedEarningsAccumulatedLosses 2022-12-31 03124171 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03124171 c:OrdinaryShareClass1 2023-12-31 03124171 c:OrdinaryShareClass1 2022-12-31 03124171 c:FRS102 2023-01-01 2023-12-31 03124171 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03124171 c:FullAccounts 2023-01-01 2023-12-31 03124171 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03124171 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 03124171 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 03124171 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03124171










THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED
REGISTERED NUMBER: 03124171

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 5 
458
808

  
458
808

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
401,290
353,369

Cash at bank and in hand
 7 
7,780
7,708

  
409,070
361,077

Creditors: amounts falling due within one year
 8 
(1,110,721)
(984,964)

NET CURRENT LIABILITIES
  
 
 
(701,651)
 
 
(623,887)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(701,193)
(623,079)

  

NET LIABILITIES
  
(701,193)
(623,079)


CAPITAL AND RESERVES
  

Called up share capital 
 11 
350,100
350,100

Profit and loss account
  
(1,051,293)
(973,179)

  
(701,193)
(623,079)


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 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 by: 

Page 1

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED
REGISTERED NUMBER: 03124171
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Mr J G Y Radcliffe
Director
Date: 25 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

The National Plant & Equipment Register Limited (03124171), is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Wessex House, 40 Station Road, Westbury, Wiltshire, BA13 3JN.

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 company is reliant on the continuing support of JGY Radcliffe. After making enquiries, the Directors have reasonable expectations the Company has adequate support to trade for the foreseeable future. Therefore, the Company continues to adopt the going concern basis in preparing the Accounts.

 
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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER 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 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.

 
2.6

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.

 
2.7

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 4

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

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 the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% straight line
Office equipment
-
25% 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 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.

 
2.12

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.

Page 5

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


EMPLOYEES









The average monthly number of employees, including directors, during the year was 0 (2022 - 3).


4.


INTANGIBLE ASSETS




Developm't expenditure

£



Cost


At 1 January 2023
112,626



At 31 December 2023

112,626



Amortisation


At 1 January 2023
112,626



At 31 December 2023

112,626



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 6

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
5,103
111,218
116,321



At 31 December 2023

5,103
111,218
116,321



Depreciation


At 1 January 2023
4,946
110,567
115,513


Charge for the year on owned assets
125
225
350



At 31 December 2023

5,071
110,792
115,863



Net book value



At 31 December 2023
32
426
458



At 31 December 2022
157
651
808


6.


DEBTORS

2023
2022
£
£


Trade debtors
5,469
3,085

Other debtors
13,715
11,125

Prepayments and accrued income
26,348
1,842

Deferred taxation
355,758
337,317

401,290
353,369



7.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
7,780
7,708

7,780
7,708


Page 7

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
100,659
65,547

Other taxation and social security
13,300
11,700

Other creditors
966,205
878,205

Accruals and deferred income
30,557
29,512

1,110,721
984,964



9.


MORTGAGE DEBENTURE

All monies owed to the National Westminster Bank Plc are secured under a mortgage debenture by a fixed and floating charge. There were no amounts due to the National Westminster Bank at the year end.


10.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
337,317
325,755


Charged to profit or loss
18,441
11,562



At end of year
355,758
337,317

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
355,758
337,317

355,758
337,317


11.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



350,100 (2022 - 350,100) Ordinary  £1 shares of £1.00 each
350,100
350,100


Page 8

 
THE NATIONAL PLANT AND EQUIPMENT REGISTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


PENSION COMMITMENTS

The company operates on a defined contribution scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme. The pension cost for the year represents contributions payable by the company to the scheme, which amounted to £4,337 (2022: £2,765). 


13.


RELATED PARTY TRANSACTIONS

During the year the company made the following related party transaction:
JGY Radcliffe (Director)
Included in other creditors is a loan from JGY Radcliffe that is interest free and has no fixed repayment terms. At the balance sheet date, the amount due to JGY Radcliffe was £662,348, (2022: £662,348). 
Other related parties (Limited companies under common control)
At the year end the company owed £303,857 (2022: £215,857) to Limited companies under the control of the director. These loans are repayable on demand and no interest has been charged.

 
Page 9