Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falsearchitectrual metalwork fabrication2222falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07055074 2023-04-01 2024-03-31 07055074 2022-04-01 2023-03-31 07055074 2024-03-31 07055074 2023-03-31 07055074 c:Director1 2023-04-01 2024-03-31 07055074 d:PlantMachinery 2023-04-01 2024-03-31 07055074 d:PlantMachinery 2024-03-31 07055074 d:PlantMachinery 2023-03-31 07055074 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07055074 d:FurnitureFittings 2023-04-01 2024-03-31 07055074 d:FurnitureFittings 2024-03-31 07055074 d:FurnitureFittings 2023-03-31 07055074 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07055074 d:ComputerEquipment 2023-04-01 2024-03-31 07055074 d:ComputerEquipment 2024-03-31 07055074 d:ComputerEquipment 2023-03-31 07055074 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07055074 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07055074 d:CurrentFinancialInstruments 2024-03-31 07055074 d:CurrentFinancialInstruments 2023-03-31 07055074 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07055074 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07055074 d:ShareCapital 2024-03-31 07055074 d:ShareCapital 2023-03-31 07055074 d:RevaluationReserve 2023-04-01 2024-03-31 07055074 d:RevaluationReserve 2024-03-31 07055074 d:RevaluationReserve 2023-03-31 07055074 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07055074 d:RetainedEarningsAccumulatedLosses 2024-03-31 07055074 d:RetainedEarningsAccumulatedLosses 2023-03-31 07055074 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 07055074 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 07055074 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2024-03-31 07055074 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:UnlistedNon-exchangeTraded 2023-03-31 07055074 c:FRS102 2023-04-01 2024-03-31 07055074 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07055074 c:FullAccounts 2023-04-01 2024-03-31 07055074 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07055074 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number:  07055074














C AND C BASELINE ARCHITECTURAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


 
C AND C BASELINE ARCHITECTURAL LIMITED
REGISTERED NUMBER: 07055074

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
67,994
85,151

  
67,994
85,151

Current assets
  

Stocks
  
175,586
199,582

Debtors: amounts falling due within one year
 5 
250,563
161,160

Cash at bank and in hand
 6 
244,964
68,191

  
671,113
428,933

Creditors: amounts falling due within one year
 7 
(323,283)
(166,166)

Net current assets
  
 
 
347,830
 
 
262,767

Total assets less current liabilities
  
415,824
347,918

Provisions for liabilities
  

Deferred tax
  
(16,836)
(16,179)

  
 
 
(16,836)
 
 
(16,179)

Net assets
  
398,988
331,739


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 9 
19,918
74,294

Profit and loss account
 9 
378,970
257,345

  
398,988
331,739


Page 1

 
C AND C BASELINE ARCHITECTURAL LIMITED
REGISTERED NUMBER: 07055074
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 by: 




M J Cooper
Director

Date: 15 October 2024

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

Page 2

 
C AND C BASELINE ARCHITECTURAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England & Wales (no. 07055074). The registered office is The Workshop, 17 Douglas Mill, Bradley Lane, Standish, Lancashire, Wigan WN6 0XFD.
These financial statements present information about the Company as an individual undertaking, it is not a member of a group of companies. The principal activity of the Company is that of architectural metalwork fabrication and installation.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
C AND C BASELINE ARCHITECTURAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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

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.

 
2.5

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.

Page 4

 
C AND C BASELINE ARCHITECTURAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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, on the following bases:.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
33%
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.

 
2.9

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 first in, first out 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.

 
2.10

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

 
C AND C BASELINE ARCHITECTURAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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 22 (2023 - 22).

Page 6

 
C AND C BASELINE ARCHITECTURAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
151,349
35,849
5,167
192,365


Additions
3,424
-
2,332
5,756



At 31 March 2024

154,773
35,849
7,499
198,121



Depreciation


At 1 April 2023
77,385
28,548
1,281
107,214


Charge for the year on owned assets
19,347
1,825
1,741
22,913



At 31 March 2024

96,732
30,373
3,022
130,127



Net book value



At 31 March 2024
58,041
5,476
4,477
67,994



At 31 March 2023
73,964
7,301
3,886
85,151


5.


Debtors

2024
2023
£
£


Trade debtors
250,563
132,074

Other debtors
-
29,086

250,563
161,160



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
244,964
68,191

244,964
68,191


Page 7

 
C AND C BASELINE ARCHITECTURAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
240,343
118,424

Corporation tax
42,840
-

Other taxation and social security
11,249
22,446

Other creditors
25,851
23,316

Accruals and deferred income
3,000
1,980

323,283
166,166



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
244,964
68,191

Financial assets measured at amortised cost
250,563
143,751

495,527
211,942


Financial liabilities


Financial liabilities measured at amortised cost
269,194
143,720


Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


Financial assets measured at amortised cost comprise of trade debtors and other debtors.


Financial liabilities measured at amortised cost comprise of trade creditors, other creditors and accruals.


9.


Reserves

Revaluation reserve

Relates to the revaluation of property, plant and equipment in prior periods.

Profit and loss account

Retained earnings includes all current and prior period retained profits and losses less dividends paid.

Page 8

 
C AND C BASELINE ARCHITECTURAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


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 £7,881 (2023: £6,955). Contributions totalling £1,515 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

Included in debtors and creditors, the following amounts were due (from) / to the company from related parties at the balance sheet date:


2024
2023
£
£

M Cooper
(10,644)
(4,572)
J Cornish
(9,536)
(1,858)


12.


Controlling party

The company is under the control of the directors.

 
Page 9