Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3132false2023-04-01falseNo description of principal activity30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC445396 2023-04-01 2024-03-31 SC445396 2022-04-01 2023-03-31 SC445396 2024-03-31 SC445396 2023-03-31 SC445396 c:Director1 2023-04-01 2024-03-31 SC445396 c:Director2 2023-04-01 2024-03-31 SC445396 c:RegisteredOffice 2023-04-01 2024-03-31 SC445396 d:Buildings 2023-04-01 2024-03-31 SC445396 d:Buildings 2024-03-31 SC445396 d:Buildings 2023-03-31 SC445396 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC445396 d:PlantMachinery 2023-04-01 2024-03-31 SC445396 d:PlantMachinery 2024-03-31 SC445396 d:PlantMachinery 2023-03-31 SC445396 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC445396 d:MotorVehicles 2023-04-01 2024-03-31 SC445396 d:MotorVehicles 2024-03-31 SC445396 d:MotorVehicles 2023-03-31 SC445396 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC445396 d:OfficeEquipment 2023-04-01 2024-03-31 SC445396 d:OfficeEquipment 2024-03-31 SC445396 d:OfficeEquipment 2023-03-31 SC445396 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC445396 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC445396 d:CurrentFinancialInstruments 2024-03-31 SC445396 d:CurrentFinancialInstruments 2023-03-31 SC445396 d:Non-currentFinancialInstruments 2024-03-31 SC445396 d:Non-currentFinancialInstruments 2023-03-31 SC445396 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC445396 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC445396 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC445396 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC445396 d:ShareCapital 2024-03-31 SC445396 d:ShareCapital 2023-03-31 SC445396 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC445396 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC445396 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC445396 c:OrdinaryShareClass1 2024-03-31 SC445396 c:OrdinaryShareClass1 2023-03-31 SC445396 c:FRS102 2023-04-01 2024-03-31 SC445396 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC445396 c:FullAccounts 2023-04-01 2024-03-31 SC445396 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC445396 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC445396










COAST RENEWABLE SERVICES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
COAST RENEWABLE SERVICES LIMITED
 

COMPANY INFORMATION


Directors
Mr M Robson 
Miss L Haxton 




Registered number
SC445396



Registered office
Coast Business Centre
11 Ainslie Street

Broughty Ferry

Dundee

DD5 3RR




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
COAST RENEWABLE SERVICES LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 
COAST RENEWABLE SERVICES LIMITED
REGISTERED NUMBER: SC445396

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
972,942
544,994

Investments
  
100
-

  
973,042
544,994

Current assets
  

Debtors: amounts falling due within one year
 6 
1,855,172
2,295,445

Cash at bank and in hand
  
1,577,217
1,143,298

  
3,432,389
3,438,743

Creditors: amounts falling due within one year
 7 
(638,235)
(694,032)

Net current assets
  
 
 
2,794,154
 
 
2,744,711

Total assets less current liabilities
  
3,767,196
3,289,705

Creditors: amounts falling due after more than one year
 8 
(419,966)
(185,437)

Provisions for liabilities
  

Deferred tax
  
(71,254)
(78,952)

  
 
 
(71,254)
 
 
(78,952)

Net assets
  
3,275,976
3,025,316


Capital and reserves
  

Called up share capital 
 9 
10
10

Profit and loss account
  
3,275,966
3,025,306

  
3,275,976
3,025,316


Page 1

 
COAST RENEWABLE SERVICES LIMITED
REGISTERED NUMBER: SC445396

STATEMENT OF FINANCIAL POSITION (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 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 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 17 September 2024.




Mr M Robson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Coast Renewable Services Limited is a private company, limited by shares, domiciled in Scotland with registration number SC445396. The registered office is Coast Business Centre, 11 Ainslie Street, Broughty Ferry, Dundee, Scotland, DD5 3RR.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

Borrowing costs

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

Page 3

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
20%
straight line
Motor vehicles
-
20%
straight line
Office equipment
-
20%
straight line

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.

 
2.7

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 Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

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


        2024
        2023
            No.
            No.







Employees
32
30


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
-
103,554
757,352
71,086
931,992


Additions
627,613
13,000
47,997
20,891
709,501


Disposals
-
-
(110,880)
-
(110,880)



At 31 March 2024

627,613
116,554
694,469
91,977
1,530,613



Depreciation


At 1 April 2023
-
39,272
308,748
38,978
386,998


Charge for the year on owned assets
29,985
21,750
131,203
16,509
199,447


Disposals
-
-
(28,774)
-
(28,774)



At 31 March 2024

29,985
61,022
411,177
55,487
557,671



Net book value



At 31 March 2024
597,628
55,532
283,292
36,490
972,942



At 31 March 2023
-
64,282
448,604
32,108
544,994


5.


Fixed asset investments





Trade investments

£





Additions
100




Page 5

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
990,373
1,629,976

Other debtors
850,572
643,714

Prepayments and accrued income
14,227
21,755

1,855,172
2,295,445



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
20,461
5,971

Trade creditors
282,541
72,881

Other taxation and social security
118,102
281,653

Obligations under finance lease and hire purchase contracts
51,755
84,644

Other creditors
158,283
194,327

Accruals and deferred income
7,093
54,556

638,235
694,032


Bank Loans
Amounts included under bank loans are secured over the assets to which they relate as well as security over the company assets by way of a floating charge. 
Hire purchase
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

Page 6

 
COAST RENEWABLE SERVICES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
317,402
13,461

Net obligations under finance leases and hire purchase contracts
102,564
171,976

419,966
185,437


Bank Loans
Amounts included under bank loans are secured over the assets to which they relate as well as security over the company assets by way of a floating charge.
Hire purchase
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £1.00 each
10
10



Page 7