Caseware UK (AP4) 2023.0.135 2023.0.135 2023-02-01falsefreelance surveying22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05325079 2023-02-01 2024-01-31 05325079 2022-02-01 2023-01-31 05325079 2024-01-31 05325079 2023-01-31 05325079 c:Director1 2023-02-01 2024-01-31 05325079 d:PlantMachinery 2023-02-01 2024-01-31 05325079 d:PlantMachinery 2024-01-31 05325079 d:PlantMachinery 2023-01-31 05325079 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05325079 d:OfficeEquipment 2023-02-01 2024-01-31 05325079 d:OfficeEquipment 2024-01-31 05325079 d:OfficeEquipment 2023-01-31 05325079 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05325079 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05325079 d:CurrentFinancialInstruments 2024-01-31 05325079 d:CurrentFinancialInstruments 2023-01-31 05325079 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05325079 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05325079 d:ShareCapital 2024-01-31 05325079 d:ShareCapital 2023-01-31 05325079 d:RetainedEarningsAccumulatedLosses 2024-01-31 05325079 d:RetainedEarningsAccumulatedLosses 2023-01-31 05325079 c:FRS102 2023-02-01 2024-01-31 05325079 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05325079 c:FullAccounts 2023-02-01 2024-01-31 05325079 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05325079 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 05325079





 
DP Easthope (Freelance Surveyor) Limited          
 
Financial Statements          

For the Year Ended 31 January 2024          

 
DP Easthope (Freelance Surveyor) Limited
Registered number:05325079

Balance Sheet
As at 31 January 2024


2024 

2023 
                                                                                    Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
736
984

Current assets
  

Debtors
 5 
1,405
651

Cash at bank and in hand
 6 
3,285
4,794

  
4,690
5,445

Creditors: amounts falling due within one year
 7 
(5,181)
(5,562)

Net current liabilities
  
 
 
(491)
 
 
(117)

  

Net assets
  
245
867


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
145
767

  
245
867


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 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 on 29 October 2024.






D. Easthope
Director


The notes on pages 2 to 6 form part of these financial statements. 
Page 1

 
DP Easthope (Freelance Surveyor) Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

1.


General information

D P Easthope (Freelance Surveyor) Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is 21 Grange Road, Wickford, SS11 7LZ.

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

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 at the following rates:

Plant and machinery
-
25%
reducing balance
Furniture, fittings and equipment
-
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.

Page 2

 
DP Easthope (Freelance Surveyor) Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.
 

Page 3

 
DP Easthope (Freelance Surveyor) Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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 payments 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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.7

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.

 
2.8

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.

 
2.9

Taxation

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.

Page 4

 
DP Easthope (Freelance Surveyor) Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Furniture, fittings and equipment
Total

£
£
£



Cost 


At 1 February 2023
524
4,144
4,668



At 31 January 2024

524
4,144
4,668



Depreciation


At 1 February 2023
503
3,181
3,684


Charge for the year 
5
243
248



At 31 January 2024

508
3,424
3,932



Net book value



At 31 January 2024
16
720
736



At 31 January 2023
21
963
984


5.


Debtors

2024
2023
£
£


Trade debtors
-
651

Other debtors
1,344
-

Prepayments and accrued income
61
-

1,405
651


Included within other debtors due within one year is a loan to DP Easthope and JA Easthope, the directors, amounting to £1,344 (2023 - £Nil). The maximum amount outstanding during the year was £6,744 (2023 - £Nil).  The loan was not subject to any charge to interest. 



Page 5

 
DP Easthope (Freelance Surveyor) Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,285
4,794



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,440
1,440

Corporation tax
1,194
1,416

Other taxation and social security
1,070
1,070

Other creditors
-
160

Accruals and deferred income
1,477
1,476

5,181
5,562


 
Page 6