Caseware UK (AP4) 2023.0.135 2023.0.135 false43999 - Other specialised construction activities not elsewhere classified482023-02-01false57trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05652986 2023-02-01 2024-01-31 05652986 2024-01-31 05652986 2023-01-31 05652986 2023-02-01 2024-01-31 05652986 2022-02-01 2023-01-31 05652986 2024-01-31 05652986 2023-01-31 05652986 c:Director1 2023-02-01 2024-01-31 05652986 d:PlantMachinery 2023-02-01 2024-01-31 05652986 d:PlantMachinery 2024-01-31 05652986 d:PlantMachinery 2023-01-31 05652986 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05652986 d:MotorVehicles 2023-02-01 2024-01-31 05652986 d:MotorVehicles 2024-01-31 05652986 d:MotorVehicles 2023-01-31 05652986 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05652986 d:FurnitureFittings 2023-02-01 2024-01-31 05652986 d:FurnitureFittings 2024-01-31 05652986 d:FurnitureFittings 2023-01-31 05652986 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05652986 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05652986 d:CurrentFinancialInstruments 2024-01-31 05652986 d:CurrentFinancialInstruments 2023-01-31 05652986 d:Non-currentFinancialInstruments 2024-01-31 05652986 d:Non-currentFinancialInstruments 2023-01-31 05652986 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05652986 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05652986 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 05652986 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 05652986 d:ShareCapital 2024-01-31 05652986 d:ShareCapital 2023-01-31 05652986 d:RetainedEarningsAccumulatedLosses 2024-01-31 05652986 d:RetainedEarningsAccumulatedLosses 2023-01-31 05652986 c:FRS102 2023-02-01 2024-01-31 05652986 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05652986 c:FullAccounts 2023-02-01 2024-01-31 05652986 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05652986 2 2023-02-01 2024-01-31 05652986 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 05652986









UBS Hoists and Access Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 January 2024

 
UBS Hoists and Access Limited
Registered number: 05652986

Statement of financial position
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,936,273
2,084,178

  
1,936,273
2,084,178

Current assets
  

Debtors: amounts falling due within one year
 6 
1,989,563
1,327,993

Cash at bank and in hand
 7 
326,131
1,021,439

  
2,315,694
2,349,432

Creditors: amounts falling due within one year
 8 
(3,541,006)
(2,975,491)

Net current liabilities
  
 
 
(1,225,312)
 
 
(626,059)

Total assets less current liabilities
  
710,961
1,458,119

Creditors: amounts falling due after more than one year
  
(258,405)
(418,471)

  

Net assets
  
452,556
1,039,648


Capital and reserves
  

Called up share capital 
  
1,000,100
1,000,100

Profit and loss account
  
(547,544)
39,548

  
452,556
1,039,648

Page 1

 
UBS Hoists and Access Limited
Registered number: 05652986
    
Statement of financial position (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 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 on 29 October 2024.




William F Vonck
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
UBS Hoists and Access Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

1.


General information

UBS Hoists and Access Limited is a private company, limited by shares, registered in England and Wales, registration number 05652986. The registered office is Stanford Rivers, 43 London Road, Ongar, Essex, CM5 9PP, England.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

During the year, the Company made losses of £587,088 (2023: £78,874) and at balance sheet date had net current liabilities of £1,225,312 (2023: £626,059) which may cast significant doubt about the ability of the company to continue as a going concern. However, the financial statements are prepared  on a going concern basis which assumes that the company will be able to continue to trade for the foreseeable future. The validity of this assumption depends on the continued support from its main supplier.   

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
UBS Hoists and Access Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

Page 4

 
UBS Hoists and Access Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.9

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Fixtures and fittings
-
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.

 
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.

 
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.

Page 5

 
UBS Hoists and Access Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.


4.


Employees

The average monthly number of employees, including directors, during the year was 48 (2023 - 57).


5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 February 2023
4,157,205
355,556
106,469
4,619,230


Additions
42,772
72,129
-
114,901


Disposals
(12,359)
(6,549)
-
(18,908)



At 31 January 2024

4,187,618
421,136
106,469
4,715,223



Depreciation


At 1 February 2023
2,190,192
261,932
82,928
2,535,052


Charge for the year on owned assets
199,856
40,560
5,886
246,302


Disposals
(1,133)
(1,271)
-
(2,404)



At 31 January 2024

2,388,915
301,221
88,814
2,778,950



Net book value



At 31 January 2024
1,798,703
119,915
17,655
1,936,273

Page 6

 
UBS Hoists and Access Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,836,191
1,206,260

Other debtors
71,934
20,575

Prepayments and accrued income
81,438
101,158

1,989,563
1,327,993



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
326,131
1,021,439

326,131
1,021,439



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
294,078
265,374

Trade creditors
386,096
243,837

Corporation tax
17,141
-

Other taxation and social security
136,083
95,175

Other creditors
2,643,048
2,309,702

Accruals and deferred income
64,560
61,403

3,541,006
2,975,491


Other loans carry interest @4% p.a. These loans are unsecured and repayable by monthly installments.

2024
2023
£
£

Other taxation and social security

PAYE/NI control
61,374
64,266

VAT control
74,709
30,909

136,083
95,175


Page 7

 
UBS Hoists and Access Limited
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
258,405
418,471

258,405
418,471


Other loans carry interest @4% p.a. These loans are unsecured and repayable by monthly installments.


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 £49,395 (2023: £51,730). Contributions totaling £9,362 (2023: £12,818) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

The director and ultimate controlling party Mr WF Vonck is also a majority shareholder in another entity with whom the company has following transactions during the year:


2024
2023
£
£

Purchase of goods and services
1,393,248
1,758,714
Sales of goods and services
196,797
50,828
Amount payable at year end
2,632,941
2,287,993

Amount payable to the company under common control at year end was £2,632,941 (2023: £2,287,993). This is interest free unsecured amount which is repayable on demand.
Called up share capital includes £1,000,000 fully paid preference shares allotted to the company under common control by Mr Vonck.
During the year, the company provided advances totalling £50,792 to one of the directors, which are included in other debtors. These advances are unsecured, interest free and repayable on demand.


12.


Controlling party

The Company is controlled by WF Vonck by virtue of his 100% ownership in the ordinary share capital in the Company. 
 
Page 8