Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06136609 2023-04-01 2024-03-31 06136609 2022-04-01 2023-03-31 06136609 2024-03-31 06136609 2023-03-31 06136609 2022-04-01 06136609 c:Director1 2023-04-01 2024-03-31 06136609 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 06136609 d:PlantMachinery 2023-04-01 2024-03-31 06136609 d:PlantMachinery 2024-03-31 06136609 d:PlantMachinery 2023-03-31 06136609 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06136609 d:MotorVehicles 2023-04-01 2024-03-31 06136609 d:MotorVehicles 2024-03-31 06136609 d:MotorVehicles 2023-03-31 06136609 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06136609 d:FurnitureFittings 2023-04-01 2024-03-31 06136609 d:FurnitureFittings 2024-03-31 06136609 d:FurnitureFittings 2023-03-31 06136609 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06136609 d:OtherPropertyPlantEquipment 2024-03-31 06136609 d:OtherPropertyPlantEquipment 2023-03-31 06136609 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06136609 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06136609 d:CurrentFinancialInstruments 2024-03-31 06136609 d:CurrentFinancialInstruments 2023-03-31 06136609 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06136609 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06136609 d:ShareCapital 2024-03-31 06136609 d:ShareCapital 2023-03-31 06136609 d:RetainedEarningsAccumulatedLosses 2024-03-31 06136609 d:RetainedEarningsAccumulatedLosses 2023-03-31 06136609 c:FRS102 2023-04-01 2024-03-31 06136609 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06136609 c:FullAccounts 2023-04-01 2024-03-31 06136609 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06136609 d:WithinOneYear 2024-03-31 06136609 d:WithinOneYear 2023-03-31 06136609 d:BetweenOneFiveYears 2024-03-31 06136609 d:BetweenOneFiveYears 2023-03-31 06136609 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06136609 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06136609 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06136609










UK PAINTING SYSTEMS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
UK PAINTING SYSTEMS LIMITED
REGISTERED NUMBER: 06136609

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,482
26,448

Current assets
  

Debtors: amounts falling due within one year
 5 
2,240
-

Cash at bank and in hand
  
180,827
145,147

  
183,067
145,147

Creditors: amounts falling due within one year
 6 
(34,032)
(45,547)

Net current assets
  
 
 
149,035
 
 
99,600

Total assets less current liabilities
  
169,517
126,048

Provisions for liabilities
  

Deferred tax
 7 
(5,074)
(5,777)

Net assets
  
164,443
120,271


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
164,343
120,171

  
164,443
120,271


Page 1

 
UK PAINTING SYSTEMS LIMITED
REGISTERED NUMBER: 06136609
    
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 on 30 October 2024.




W Bolland
Director

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

Page 2

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

UK Painting Systems Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 06136609). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire S40 4AA. The principal activity of the Company throughout the year continued to be that of industrial painting contracts. 

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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, as follows.

The depreciation rates used are:

Leasehold property
-
10%
straight line
Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
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.

  
2.4

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Leasehold property
Total

£
£
£
£
£



Cost


At 1 April 2023
11,305
49,832
2,371
19,325
82,833



At 31 March 2024

11,305
49,832
2,371
19,325
82,833



Depreciation


At 1 April 2023
6,685
29,394
981
19,325
56,385


Charge for the year on owned assets
694
5,063
209
-
5,966



At 31 March 2024

7,379
34,457
1,190
19,325
62,351



Net book value



At 31 March 2024
3,926
15,375
1,181
-
20,482



At 31 March 2023
4,620
20,438
1,390
-
26,448


5.


Debtors

2024
2023
£
£


Other debtors
2,240
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
30,749
23,400

Other taxation and social security
188
14,409

Other creditors
995
5,738

Accruals
2,100
2,000

34,032
45,547


Page 5

 
UK PAINTING SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Deferred taxation




2024
2023


£

£






At beginning of year
(5,777)
(7,265)


Charged to statement of Income and Retained Earnings
703
1,488



At end of year
(5,074)
(5,777)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,074)
(5,777)


8.


Commitments under operating leases

At 31 March 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
3,434
3,434

Later than 1 year and not later than 5 years
859
4,293

4,293
7,727

 
Page 6