Caseware UK (AP4) 2023.0.135 2023.0.135 2022-10-01falseInstallation and maintenance of communication and security systems1920truetruefalse 09162247 2022-10-01 2023-12-31 09162247 2022-01-01 2022-09-30 09162247 2023-12-31 09162247 2022-09-30 09162247 c:Director3 2022-10-01 2023-12-31 09162247 d:Buildings 2022-10-01 2023-12-31 09162247 d:Buildings 2023-12-31 09162247 d:Buildings 2022-09-30 09162247 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-12-31 09162247 d:Buildings d:LeasedAssetsHeldAsLessee 2022-10-01 2023-12-31 09162247 d:MotorVehicles 2022-10-01 2023-12-31 09162247 d:MotorVehicles 2023-12-31 09162247 d:MotorVehicles 2022-09-30 09162247 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-12-31 09162247 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-10-01 2023-12-31 09162247 d:FurnitureFittings 2022-10-01 2023-12-31 09162247 d:FurnitureFittings 2023-12-31 09162247 d:FurnitureFittings 2022-09-30 09162247 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-12-31 09162247 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-10-01 2023-12-31 09162247 d:OfficeEquipment 2022-10-01 2023-12-31 09162247 d:OfficeEquipment 2023-12-31 09162247 d:OfficeEquipment 2022-09-30 09162247 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-12-31 09162247 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-10-01 2023-12-31 09162247 d:ComputerEquipment 2022-10-01 2023-12-31 09162247 d:OwnedOrFreeholdAssets 2022-10-01 2023-12-31 09162247 d:LeasedAssetsHeldAsLessee 2022-10-01 2023-12-31 09162247 d:CurrentFinancialInstruments 2023-12-31 09162247 d:CurrentFinancialInstruments 2022-09-30 09162247 d:Non-currentFinancialInstruments 2023-12-31 09162247 d:Non-currentFinancialInstruments 2022-09-30 09162247 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09162247 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 09162247 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09162247 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 09162247 d:ShareCapital 2023-12-31 09162247 d:ShareCapital 2022-09-30 09162247 d:CapitalRedemptionReserve 2023-12-31 09162247 d:CapitalRedemptionReserve 2022-09-30 09162247 d:RetainedEarningsAccumulatedLosses 2023-12-31 09162247 d:RetainedEarningsAccumulatedLosses 2022-09-30 09162247 c:OrdinaryShareClass1 2022-10-01 2023-12-31 09162247 c:OrdinaryShareClass1 2023-12-31 09162247 c:OrdinaryShareClass1 2022-09-30 09162247 c:FRS102 2022-10-01 2023-12-31 09162247 c:Audited 2022-10-01 2023-12-31 09162247 c:FullAccounts 2022-10-01 2023-12-31 09162247 c:PrivateLimitedCompanyLtd 2022-10-01 2023-12-31 09162247 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 09162247 d:HirePurchaseContracts d:WithinOneYear 2022-09-30 09162247 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 09162247 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-09-30 09162247 c:SmallCompaniesRegimeForAccounts 2022-10-01 2023-12-31 09162247 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 09162247 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-09-30 09162247 e:PoundSterling 2022-10-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09162247










NATIONWIDE SPECIALIST PROJECTS LIMITED










Financial statements

Information for filing with the registrar

For the period ended 31 December 2023

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
Registered number: 09162247

Balance sheet
As at 31 December 2023

31 December
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
151,362
1,160,741

  
151,362
1,160,741

Current assets
  

Stocks
  
13,025
8,760

Debtors: amounts falling due after more than one year
 5 
7,699
-

Debtors: amounts falling due within one year
 5 
1,595,983
905,157

Cash at bank and in hand
  
704,689
1,526,714

  
2,321,396
2,440,631

Creditors: amounts falling due within one year
 6 
(1,590,226)
(849,279)

Net current assets
  
 
 
731,170
 
 
1,591,352

Total assets less current liabilities
  
882,532
2,752,093

Creditors: amounts falling due after more than one year
  
(21,372)
(447,618)

Provisions for liabilities
  

Deferred tax
  
(16,380)
(14,073)

Net assets
  
 
 
844,780
 
 
2,290,402


Capital and reserves
  

Called up share capital 
 9 
190
200

Capital redemption reserve
  
10
-

Profit and loss account
  
844,580
2,290,202

  
844,780
2,290,402


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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.
 
Page 1

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
Registered number: 09162247

Balance sheet (continued)
As at 31 December 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
J J Twigg
Director
Date: 22 November 2024

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
 

 
Notes to the financial statements
For the period ended 31 December 2023

1.


General information

Nationwide Specialist Projects Limited is a private company limited by shares incorporated in the United Kingdom. The address of the registered office is given in the company information of these financial statements. The nature of the company's operations and principal activity is the installation of smoke control and ventilation systems. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.
The financial statements cover the period from 1 October 2022 to 31 December 2023. The comparative figures cover the year from 1 October 2021 to 30 September 2022. As a result, the comparatives are not entirely comparable.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £1.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts
For contracts with customers which have the characteristics of long term contacts, revenue represents the total amount receivable in respect of work done, including certified amounts recoverable on contracts. Profit on contracts is taken at the point the outcome of contract can be estimated reliably, which is based on the level of completion of the contract at the balance sheet date.
Losses are recognised as soon as they are foreseeable. 

Page 3

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
 

 
Notes to the financial statements
For the period ended 31 December 2023

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
20%
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

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.

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

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 profit or loss.

Page 4

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
 

 
Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.7

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year arerecorded at transaction price. Any losses arising from impairment are recognised in the Statement of comprehensive income in other administrative expenses.

 
2.8

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.

 
2.9

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Current and deferred taxation

The tax expense for the period 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 is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

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.

Page 5

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
 

 
Notes to the financial statements
For the period ended 31 December 2023

3.


Employees

The average monthly number of employees, including directors, during the period/year was 19 (2022 - 20).



4.


Tangible fixed assets







Freehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2022
830,299
315,391
177,467
39,174
1,362,331


Additions
96,000
170,713
10,563
6,574
283,850


Disposals
(926,299)
(281,173)
(117,361)
(19,418)
(1,344,251)



At 31 December 2023

-
204,931
70,669
26,330
301,930



Depreciation


At 1 October 2022
-
100,919
82,317
18,354
201,590


Charge for the period on owned assets
-
38,190
16,982
9,562
64,734


Charge for the period on financed assets
-
8,819
-
-
8,819


Disposals
-
(46,943)
(65,992)
(11,640)
(124,575)



At 31 December 2023

-
100,985
33,307
16,276
150,568



Net book value



At 31 December 2023
-
103,946
37,362
10,054
151,362

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


31 December
30 September
2023
2022
£
£



Motor vehicles
19,401
97,779

Page 6

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
 

 
Notes to the financial statements
For the period ended 31 December 2023

5.


Debtors

31 December
30 September
2023
2022
£
£

Due after more than one year

Trade debtors
7,699
-


31 December
30 September
2023
2022
£
£

Due within one year

Trade debtors
1,240,708
676,452

Amounts owed by group undertakings
192,926
-

Other debtors
125,316
204,189

Prepayments and accrued income
37,033
24,516

1,595,983
905,157



6.


Creditors: Amounts falling due within one year

31 December
30 September
2023
2022
£
£

Trade creditors
815,131
560,158

Amounts owed to group undertakings
-
35,286

Corporation tax
495,030
209,210

Other taxation and social security
38,627
22,847

Obligations under finance lease and hire purchase contracts
4,359
17,310

Accruals and deferred income
237,079
4,468

1,590,226
849,279


Obligations under finance lease and hire purchase contracts are secured upon the assets to which they relate.

Page 7

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
 

 
Notes to the financial statements
For the period ended 31 December 2023

7.


Creditors: Amounts falling due after more than one year

31 December
30 September
2023
2022
£
£

Obligations under finance lease and hire purchase contracts
21,372
84,027

Other creditors
-
363,591

21,372
447,618



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

31 December
30 September
2023
2022
£
£


Within one year
4,359
17,310

Between 1-5 years
21,372
84,027

25,731
101,337

Page 8

 
NATIONWIDE SPECIALIST PROJECTS LIMITED
 

 
Notes to the financial statements
For the period ended 31 December 2023

9.


Share capital

31 December
30 September
2023
2022
£
£
Allotted, called up and fully paid



190 (2022 - 200) Ordinary shares of £1.00 each
190
200

During the period, the Company repurchased 10 Ordinary shares for consideration of £228,130.



10.


Pension commitments

The Company operates a defined contribution pension scheme. The pension cost charge for the period/year represents contributions payable by the Company to the scheme, and amounted to £83,161 (2022 - £76,594).


11.


Related party transactions

During the period, the Company paid rent of £12,750 (2022 - £Nil) to a company with Directors in common. The Company was also recharged expenses totalling £610 (2022 - £Nil) by this related party. At the reporting date there was an amount of £Nil (2022 - £Nil) due to the Company.
During the period, the Company paid rent of £67,210
 (2022 - £Nil) to another company with Directors in common. At the reporting date there was an amount of £Nil (2022 - £26,173) due to the Company.
During the period, the Company made purchases of £46,072 
(2022 - £45,566) from and sales of £25,820 (2022 - £Nil) to another company with Directors in common. At the reporting date there was an amount of £Nil (2022 - £Nil) due to the Company.
The Company has taken advantage of the exemption under FRS 102 Section 33.1A Related Party Disclosures from disclosing transactions with other wholly owned members of the group.


12.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 25 November 2024 by James Bagley (Senior statutory auditor) on behalf of PKF Smith Cooper Audit Limited.


Page 9