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Registered number: 08736963










GREEN PLANNING STUDIO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
GREEN PLANNING STUDIO LIMITED
REGISTERED NUMBER: 08736963

BALANCE SHEET
AS AT 31 OCTOBER 2023

31 October
28 February
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
10,792
13,405

Investments
 6 
10,000
10,000

  
20,792
23,405

Current assets
  

Debtors: amounts falling due within one year
 7 
312,443
231,366

Cash at bank and in hand
 8 
263,875
296,544

  
576,318
527,910

Creditors: amounts falling due within one year
 9 
(507,631)
(436,572)

Net current assets
  
 
 
68,687
 
 
91,338

Total assets less current liabilities
  
89,479
114,743

Creditors: amounts falling due after more than one year
 10 
(36,805)
(50,311)

Provisions for liabilities
  

Deferred tax
 12 
(1,934)
(2,414)

  
 
 
(1,934)
 
 
(2,414)

Net assets
  
50,740
62,018


Capital and reserves
  

Called up share capital 
 13 
50,000
50,000

Profit and loss account
  
740
12,018

  
50,740
62,018


Page 1

 
GREEN PLANNING STUDIO LIMITED
REGISTERED NUMBER: 08736963
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 period 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 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: 




M Green
Director

Date: 3 October 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Green Planning Studio Limited is a private company, limited by shares, incorporated in England and Wales with it's registered office and principal place of business at Unit D Lunesdale Upton Magna Business Park, Upton Magna, Shrewsbury, Shropshire, SY4 4TT.

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

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

Current and deferred taxation

The tax expense for the period 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.

Page 4

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

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 Profit and loss account 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.

 
2.10

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
-
33% Straight-line method
Office equipment
-
33% Straight-line method

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.

 
2.11

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.

Page 5

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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 period was 23 (2023 - 23).

Page 6

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Intangible assets






Goodwill

£



Cost


At 1 March 2023
254,728



At 31 October 2023

254,728



Amortisation


At 1 March 2023
254,728



At 31 October 2023

254,728



Net book value



At 31 October 2023
-



At 28 February 2023
-



Page 7

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

5.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
21,633
72,258
93,891


Additions
169
4,745
4,914


Disposals
-
(1,499)
(1,499)



At 31 October 2023

21,802
75,504
97,306



Depreciation


At 1 March 2023
20,910
59,576
80,486


Charge for the period on owned assets
613
5,436
6,049


Disposals
-
(21)
(21)



At 31 October 2023

21,523
64,991
86,514



Net book value



At 31 October 2023
279
10,513
10,792



At 28 February 2023
723
12,682
13,405


6.


Fixed asset investments








Trade investments

£





At 1 March 2023
10,000






Net book value



At 31 October 2023
10,000



At 28 February 2023
10,000

Page 8

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

7.


Debtors

31 October
28 February
2023
2023
£
£


Trade debtors
227,193
144,762

Other debtors
51,537
50,182

Prepayments and accrued income
33,713
36,422

312,443
231,366



8.


Cash and cash equivalents

31 October
28 February
2023
2023
£
£

Cash at bank and in hand
263,875
296,544

263,875
296,544



9.


Creditors: Amounts falling due within one year

31 October
28 February
2023
2023
£
£

Bank loans
19,900
19,900

Trade creditors
34,894
24,950

Other taxation and social security
93,146
53,947

Other creditors
300,208
280,479

Accruals and deferred income
59,483
57,296

507,631
436,572


Page 9

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

10.


Creditors: Amounts falling due after more than one year

31 October
28 February
2023
2023
£
£

Bank loans
34,825
48,091

Other creditors
1,980
2,220

36,805
50,311



11.


Loans


Analysis of the maturity of loans is given below:


31 October
28 February
2023
2023
£
£

Amounts falling due within one year

Bank loans
19,900
19,900


19,900
19,900

Amounts falling due 1-2 years

Bank loans
19,900
19,900


19,900
19,900

Amounts falling due 2-5 years

Bank loans
14,925
28,191


14,925
28,191


54,725
67,991


Page 10

 
GREEN PLANNING STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

12.


Deferred taxation






2023


£






At beginning of year
(2,414)


Charged to profit or loss
480



At end of year
(1,934)

The provision for deferred taxation is made up as follows:

31 October
28 February
2023
2023
£
£


Accelerated capital allowances
(1,934)
(2,414)

(1,934)
(2,414)


13.


Share capital

31 October
28 February
2023
2023
£
£
Allotted, called up and fully paid



50,000 (2023 - 50,000) Ordinary shares of £1.00 each
50,000
50,000



14.


Pension commitments

The company operates a defined contributions scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £32,277 (2023: £62,848). Contributions totalling £6,881 (2023: £8,442) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11