Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseprovision of plumbing and heating and related services3734truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09952316 2023-02-01 2024-01-31 09952316 2022-02-01 2023-01-31 09952316 2024-01-31 09952316 2023-01-31 09952316 2022-02-01 09952316 c:CompanySecretary1 2023-02-01 2024-01-31 09952316 c:Director1 2023-02-01 2024-01-31 09952316 c:Director2 2023-02-01 2024-01-31 09952316 c:Director5 2023-02-01 2024-01-31 09952316 c:Director6 2023-02-01 2024-01-31 09952316 c:Director7 2023-02-01 2024-01-31 09952316 c:Director8 2023-02-01 2024-01-31 09952316 c:Director9 2023-02-01 2024-01-31 09952316 c:Director10 2023-02-01 2024-01-31 09952316 c:Director10 2024-01-31 09952316 c:RegisteredOffice 2023-02-01 2024-01-31 09952316 d:PlantMachinery 2023-02-01 2024-01-31 09952316 d:PlantMachinery 2024-01-31 09952316 d:PlantMachinery 2023-01-31 09952316 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09952316 d:MotorVehicles 2023-02-01 2024-01-31 09952316 d:MotorVehicles 2024-01-31 09952316 d:MotorVehicles 2023-01-31 09952316 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09952316 d:OfficeEquipment 2023-02-01 2024-01-31 09952316 d:OfficeEquipment 2024-01-31 09952316 d:OfficeEquipment 2023-01-31 09952316 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09952316 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09952316 d:Goodwill 2024-01-31 09952316 d:Goodwill 2023-01-31 09952316 d:CurrentFinancialInstruments 2024-01-31 09952316 d:CurrentFinancialInstruments 2023-01-31 09952316 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09952316 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09952316 d:ShareCapital 2024-01-31 09952316 d:ShareCapital 2023-01-31 09952316 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 09952316 d:RetainedEarningsAccumulatedLosses 2024-01-31 09952316 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 09952316 d:RetainedEarningsAccumulatedLosses 2023-01-31 09952316 d:RetainedEarningsAccumulatedLosses 2022-02-01 09952316 c:OrdinaryShareClass1 2023-02-01 2024-01-31 09952316 c:OrdinaryShareClass1 2024-01-31 09952316 c:OrdinaryShareClass1 2023-01-31 09952316 c:OrdinaryShareClass2 2023-02-01 2024-01-31 09952316 c:OrdinaryShareClass2 2024-01-31 09952316 c:OrdinaryShareClass2 2023-01-31 09952316 c:OrdinaryShareClass3 2023-02-01 2024-01-31 09952316 c:OrdinaryShareClass3 2024-01-31 09952316 c:OrdinaryShareClass3 2023-01-31 09952316 c:OrdinaryShareClass4 2023-02-01 2024-01-31 09952316 c:OrdinaryShareClass4 2024-01-31 09952316 c:OrdinaryShareClass4 2023-01-31 09952316 c:OrdinaryShareClass5 2023-02-01 2024-01-31 09952316 c:OrdinaryShareClass5 2024-01-31 09952316 c:OrdinaryShareClass5 2023-01-31 09952316 c:FRS102 2023-02-01 2024-01-31 09952316 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09952316 c:FullAccounts 2023-02-01 2024-01-31 09952316 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09952316 d:WithinOneYear 2024-01-31 09952316 d:WithinOneYear 2023-01-31 09952316 d:BetweenOneFiveYears 2024-01-31 09952316 d:BetweenOneFiveYears 2023-01-31 09952316 d:MoreThanFiveYears 2024-01-31 09952316 d:MoreThanFiveYears 2023-01-31 09952316 2 2023-02-01 2024-01-31 09952316 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 09952316 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 09952316 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 09952316 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09952316









C H G SOUTH WEST LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
C H G SOUTH WEST LIMITED
 
 
COMPANY INFORMATION


Directors
A Chant 
L Chant 
J Rice 
D A Penn 
M Huxford 
N A Hawker 
H O'Brien 
L J J Bentley 




Company secretary
J E Rice



Registered number
09952316



Registered office
Ground Floor, Unit 1 Homewood Way
Gore Cross Business Park

Bridport

Dorset

England

DT6 3FH




Accountants
Barnes Roffe LLP
Chartered Accountants

Leytonstone House

Leytonstone

London

E11 1GA





 
C H G SOUTH WEST LIMITED
 

CONTENTS



Page
Directors' report
 
 
1 - 2
Statement of income and retained earnings
 
 
3
Balance sheet
 
 
4 - 5
Notes to the financial statements
 
 
6 - 12


 
C H G SOUTH WEST LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and other information included in Directors' reports may differ from legislation in other jurisdictions.

Results and dividends

The profit for the year, after taxation, amounted to £412,073 (2023 - £355,090).

The directors declared dividends of £nil during the period (2023 - £152,805).

Directors

The directors who served during the year were:

A Chant 
L Chant 
J Rice 
D A Penn 
M Huxford 
N A Hawker 
H O'Brien 
L J J Bentley (appointed 1 February 2023)

Page 1

 
C H G SOUTH WEST LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 18 October 2024 and signed on its behalf.
 





A Chant
Director

Page 2

 
C H G SOUTH WEST LIMITED
 
 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JANUARY 2024

2024
2023
£
£

  

Turnover
  
4,056,633
3,685,644

Cost of sales
  
(2,806,616)
(2,438,611)

Gross profit
  
1,250,017
1,247,033

Administrative expenses
  
(906,016)
(853,197)

Other operating income
  
77,500
10,000

Operating profit
  
421,501
403,836

Interest receivable and similar income
  
10,707
110

Profit before tax
  
432,208
403,946

Tax on profit
  
(20,135)
(48,856)

Profit after tax
  
412,073
355,090

  

  

Retained earnings at the beginning of the year
  
728,605
526,320

Profit for the year
  
412,073
355,090

Dividends declared and paid
  
-
(152,805)

Retained earnings at the end of the year
  
1,140,678
728,605
The notes on pages 6 to 12 form part of these financial statements.

Page 3

 
C H G SOUTH WEST LIMITED
REGISTERED NUMBER: 09952316

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
25,304
37,956

Tangible assets
 5 
8,945
15,450

  
34,249
53,406

Current assets
  

Stocks
  
75,869
59,997

Debtors: amounts falling due within one year
 6 
1,312,700
751,341

Cash at bank and in hand
 7 
218,061
435,352

  
1,606,630
1,246,690

Creditors: amounts falling due within one year
 8 
(499,567)
(569,448)

Net current assets
  
 
 
1,107,063
 
 
677,242

Total assets less current liabilities
  
1,141,312
730,648

Provisions for liabilities
  

Deferred tax
 9 
(534)
(1,943)

Net assets
  
1,140,778
728,705


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
1,140,678
728,605

  
1,140,778
728,705


Page 4

 
C H G SOUTH WEST LIMITED
REGISTERED NUMBER: 09952316
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 were approved and authorised for issue by the board and were signed on its behalf on 18 October 2024.




A Chant
Director

The notes on pages 6 to 12 form part of these financial statements.

Page 5

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

C H G South West Limited ("the Company") provides plumbing and heating and related services. The Company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Ground Floor, Unit 1 Homewood Way, Gore Cross Business Park, Bridport, Dorset, England, DT6 3FH. 

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 continues to adopt the going concern basis in preparing its financial statements.

 
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 the Statement of income and retained earnings on a straight-line basis over the lease term.

Page 6

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of income and retained earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
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 the Statement of income and retained earnings 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 year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings 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 7

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

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 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.

 
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 annual bases:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
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 the Statement of income and retained earnings.

 
2.11

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 the Statement of income and retained earnings.

 
2.12

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.13

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.

Page 8

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.14

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 37 (2023 - 34).


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
100,710



At 31 January 2024

100,710



Amortisation


At 1 February 2023
62,754


Charge for the year on owned assets
12,652



At 31 January 2024

75,406



Net book value



At 31 January 2024
25,304



At 31 January 2023
37,956



Page 9

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost


At 1 February 2023
53,673
8,000
27,128
88,801



At 31 January 2024

53,673
8,000
27,128
88,801



Depreciation


At 1 February 2023
42,903
8,000
22,448
73,351


Charge for the year on owned assets
4,410
-
2,095
6,505



At 31 January 2024

47,313
8,000
24,543
79,856



Net book value



At 31 January 2024
6,360
-
2,585
8,945



At 31 January 2023
10,770
-
4,680
15,450


6.


Debtors

2024
2023
£
£


Trade debtors
300,453
512,914

Amounts owed by group undertakings
700,000
10,000

Other debtors
194,605
40,324

Prepayments
8,717
52,460

Amounts recoverable on long term contracts
108,925
135,643

1,312,700
751,341



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
218,061
435,352


Page 10

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
354,036
323,304

Corporation tax
21,544
48,036

Other taxation and social security
68,520
106,816

Other creditors
19,467
58,690

Accruals
36,000
32,602

499,567
569,448



9.


Deferred taxation




2024
2023


£

£






At beginning of period
1,943
1,123


Credited to the Statement of income and retained earnings
(1,409)
820



At end of period
534
1,943

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
534
1,943

Page 11

 
C H G SOUTH WEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



460 (2023 - 460) Ordinary A shares of £0.10 each
46.00
46.00
240 (2023 - 240) Ordinary B shares of £0.10 each
24.00
24.00
100 (2023 - 100) Ordinary C shares of £0.10 each
10.00
10.00
100 (2023 - 100) Ordinary D shares of £0.10 each
10.00
10.00
25 (2023 - 25) Ordinary E shares of £0.10 each
2.50
2.50
25 (2023 - 25) Ordinary F shares of £0.10 each
2.50
2.50
25 (2023 - 25) Ordinary G shares of £0.10 each
2.50
2.50
25 (2023 - 25) Ordinary H shares of £0.10 each
2.50
2.50

100.00

100.00

All shares rank pari passu.



11.


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 £27,229 (2023 - £26,551). Contributions totalling £6,757 (2022 - £13,548) were payable to the fund at the balance sheet date and are included in creditors.


12.


Commitments under operating leases

At 31 January 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£



Not later than 1 year
20,000
20,000

Later than 1 year and not later than 5 years
80,000
80,000

Later than 5 years
51,726
71,726

151,726
171,726


13.


Related party transactions

At the end of the year, the Company was owed £153,255 by the directors (2023 - £11,947 owed to the directors).

 
Page 12