Caseware UK (AP4) 2023.0.135 2023.0.135 truetruefalsefalse2023-02-01commerical letting22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 3239584 2023-02-01 2024-01-31 3239584 2022-02-01 2023-01-31 3239584 2024-01-31 3239584 2023-01-31 3239584 2022-02-01 3239584 c:Director2 2023-02-01 2024-01-31 3239584 d:Buildings 2024-01-31 3239584 d:Buildings 2023-01-31 3239584 d:Buildings d:LongLeaseholdAssets 2024-01-31 3239584 d:Buildings d:LongLeaseholdAssets 2023-01-31 3239584 d:CurrentFinancialInstruments 2024-01-31 3239584 d:CurrentFinancialInstruments 2023-01-31 3239584 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 3239584 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 3239584 d:ShareCapital 2024-01-31 3239584 d:ShareCapital 2023-01-31 3239584 d:ShareCapital 2022-02-01 3239584 d:RevaluationReserve 2024-01-31 3239584 d:RevaluationReserve 2022-02-01 2023-01-31 3239584 d:RevaluationReserve 2023-01-31 3239584 d:RevaluationReserve 2022-02-01 3239584 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 3239584 d:RetainedEarningsAccumulatedLosses 2024-01-31 3239584 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 3239584 d:RetainedEarningsAccumulatedLosses 2023-01-31 3239584 d:RetainedEarningsAccumulatedLosses 2022-02-01 3239584 c:FRS102 2023-02-01 2024-01-31 3239584 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 3239584 c:FullAccounts 2023-02-01 2024-01-31 3239584 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 3239584 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 3239584 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 3239584 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 3239584





 
Earlysignal Limited          
 
Financial statements          

For the year ended 31 January 2024          

 
Earlysignal Limited
Registered number:3239584

Balance sheet
As at 31 January 2024


2024

2023
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
750,000
750,000

Current assets
  

Bank and cash balances
 5 
118,570
106,111

Creditors: amounts falling due within one year
 6 
(41,112)
(39,581)

Net current assets
  
 
 
77,458
 
 
66,530

Total assets less current liabilities
  
827,458
816,530

Provisions for liabilities
  

Deferred tax
 7 
(33,602)
(33,602)

Net assets
  
793,856
782,928


Capital and reserves
  

Called up share capital 
  
100
100

Investment property revaluation reserve
  
316,790
316,790

Profit and loss account
  
476,966
466,038

  
793,856
782,928


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 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 on 30 October 2024.


M K Jeakins
Director



The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
Earlysignal Limited
 

Statement of changes in equity
For the year ended 31 January 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 February 2023
100
316,790
466,038
782,928



Profit for the year
-
-
34,928
34,928

Dividends declared and paid
-
-
(24,000)
(24,000)


At 31 January 2024
100
316,790
476,966
793,856





 


Statement of changes in equity
For the year ended 31 January 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 February 2022
100
324,854
453,021
777,975



Profit for the year
-
-
28,953
28,953

Dividends declared and paid
-
-
(24,000)
(24,000)

Transfer between reserves
-
(8,064)
8,064
-


At 31 January 2023
100
316,790
466,038
782,928








The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
Earlysignal Limited
 
 
Notes to the financial statements
For the year ended 31 January 2024

1.


General information

Earlysignal Limited is a private company limited by shares, incorporated and registered in England and Wales. Its registered office is Charles House, Denbigh Road, Laindon, Basildon, Essex, SS15 6PY.

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

Investment property

Investment property is carried at fair value determined annually by the directors, having regard to professional advice taken personally, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

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.

 
2.5

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.

Page 3

 
Earlysignal Limited
 
 
Notes to the financial statements
For the year ended 31 January 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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

 
Earlysignal Limited
 
 
Notes to the financial statements
For the year ended 31 January 2024

3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Investment property





Freehold Property
Leasehold Property
Total

£
£
£



Valuation


At 1 February 2023 and 31 January 2024

550,000
200,000
750,000






Net book value



At 31 January 2024
550,000
200,000
750,000



At 31 January 2023
550,000
200,000
750,000


Investment property is included at its fair value, as determined by the directors of the company, having regard to professional advice taken personally on an open market value for existing use basis.

If the properties had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
399,608
399,608


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
118,570
106,111


Page 5

 
Earlysignal Limited
 
 
Notes to the financial statements
For the year ended 31 January 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to associated company
27,593
27,593

Corporation tax
7,736
5,111

Other creditors
1,400
2,600

Accruals and deferred income
4,383
4,277

41,112
39,581



7.


Deferred taxation




2024
2023


£

£






At beginning of year
33,602
33,602

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised surplus on revalued investment properties
33,602
33,602


8.


Related party transactions

During the year the company received rent from its associated company, Jeakins Removals Limited, amounting to £40,000 (2023 - £36,000). At the balance sheet date the amount owed to Jeakins Removals Limited, in respect of the intercompany loan, that is not subject to any interest charge, was £27,593 (2023 - £27,593).

 
Page 6