Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activityfalse2023-04-0144trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 6132483 2023-04-01 2024-03-31 6132483 2022-04-01 2023-03-31 6132483 2024-03-31 6132483 2023-03-31 6132483 c:Director1 2023-04-01 2024-03-31 6132483 d:PlantMachinery 2023-04-01 2024-03-31 6132483 d:PlantMachinery 2024-03-31 6132483 d:PlantMachinery 2023-03-31 6132483 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 6132483 d:MotorVehicles 2023-04-01 2024-03-31 6132483 d:MotorVehicles 2024-03-31 6132483 d:MotorVehicles 2023-03-31 6132483 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 6132483 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 6132483 d:Goodwill 2023-04-01 2024-03-31 6132483 d:Goodwill 2024-03-31 6132483 d:Goodwill 2023-03-31 6132483 d:CurrentFinancialInstruments 2024-03-31 6132483 d:CurrentFinancialInstruments 2023-03-31 6132483 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 6132483 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 6132483 d:ShareCapital 2024-03-31 6132483 d:ShareCapital 2023-03-31 6132483 d:RetainedEarningsAccumulatedLosses 2024-03-31 6132483 d:RetainedEarningsAccumulatedLosses 2023-03-31 6132483 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 6132483 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 6132483 c:OrdinaryShareClass1 2023-04-01 2024-03-31 6132483 c:OrdinaryShareClass1 2024-03-31 6132483 c:OrdinaryShareClass1 2023-03-31 6132483 c:OrdinaryShareClass2 2023-04-01 2024-03-31 6132483 c:OrdinaryShareClass2 2024-03-31 6132483 c:OrdinaryShareClass2 2023-03-31 6132483 c:OrdinaryShareClass3 2023-04-01 2024-03-31 6132483 c:OrdinaryShareClass3 2024-03-31 6132483 c:OrdinaryShareClass3 2023-03-31 6132483 c:FRS102 2023-04-01 2024-03-31 6132483 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 6132483 c:FullAccounts 2023-04-01 2024-03-31 6132483 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 6132483 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 6132483 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 6132483 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 6132483










PETER BREEN CLEANING SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024



 
PETER BREEN CLEANING SERVICES LIMITED
REGISTERED NUMBER: 6132483

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,250
7,000

Tangible assets
 5 
9,320
13,274

  
14,570
20,274

Current assets
  

Debtors: amounts falling due within one year
 6 
5,840
6,884

Cash at bank and in hand
 7 
22,027
25,063

  
27,867
31,947

Creditors: amounts falling due within one year
 8 
(8,431)
(17,561)

Net current assets
  
 
 
19,436
 
 
14,386

Total assets less current liabilities
  
34,006
34,660

Provisions for liabilities
  

Deferred tax
 10 
(1,771)
(2,655)

  
 
 
(1,771)
 
 
(2,655)

Net assets
  
32,235
32,005


Capital and reserves
  

Called up share capital 
 11 
150
150

Profit and loss account
  
32,085
31,855

  
32,235
32,005


Page 1

 
PETER BREEN CLEANING SERVICES LIMITED
REGISTERED NUMBER: 6132483

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: 



P J Breen
Director
Date: 28 October 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PETER BREEN CLEANING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

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.

Page 3

 
PETER BREEN CLEANING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.4

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.

 
1.5

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 Statement of income and retained earnings 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.

Page 4

 
PETER BREEN CLEANING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.6

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:

Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% 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.

 
1.7

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.

 
1.8

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.

 
1.9

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.

 
1.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
PETER BREEN CLEANING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
1.12

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.

Page 6

 
PETER BREEN CLEANING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.


General information

Peter Breen Cleaning Services Limited is a limited company incorporated in England and Wales. The Company’s registered office address is The Stables, Little Coldharbour Farm, Tong Lane, Lamberhurst, Tunbridge Wells, Kent, TN3 8AD.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
35,000



At 31 March 2024

35,000



Amortisation


At 1 April 2023
28,000


Charge for the year on owned assets
1,750



At 31 March 2024

29,750



Net book value



At 31 March 2024
5,250



At 31 March 2023
7,000



Page 7

 
PETER BREEN CLEANING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
20,748
13,844
34,592


Additions
233
-
233


Disposals
(4,945)
-
(4,945)



At 31 March 2024

16,036
13,844
29,880



Depreciation


At 1 April 2023
12,674
8,644
21,318


Charge for the year on owned assets
1,806
1,300
3,106


Disposals
(3,864)
-
(3,864)



At 31 March 2024

10,616
9,944
20,560



Net book value



At 31 March 2024
5,420
3,900
9,320



At 31 March 2023
8,074
5,200
13,274


6.


Debtors

2024
2023
£
£


Trade debtors
5,840
6,674

Other debtors
-
210

5,840
6,884



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
22,028
25,063


Page 8

 
PETER BREEN CLEANING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
145
-

Taxation and social security
5,698
8,218

Directors' loan account
1,263
8,119

Other creditors
1,325
1,224

8,431
17,561



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
22,028
25,063




Financial assets measured at fair value through profit or loss comprise cash held.


10.


Deferred taxation




2024


£






At beginning of year
(2,655)


Charged to profit or loss
884



At end of year
(1,771)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,771)
(2,655)

Page 9

 
PETER BREEN CLEANING SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary A shares of £1.00 each
50
50
50 (2023 - 50) Ordinary B shares of £1.00 each
50
50
50 (2023 - 50) Ordinary C shares of £1.00 each
50
50

150

150



Page 10