Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3028No description of principal activity2023-07-01false28truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07161087 2023-07-01 2024-06-30 07161087 2022-07-01 2023-06-30 07161087 2024-06-30 07161087 2023-06-30 07161087 c:Director1 2023-07-01 2024-06-30 07161087 c:Director2 2023-07-01 2024-06-30 07161087 d:PlantMachinery 2023-07-01 2024-06-30 07161087 d:PlantMachinery 2024-06-30 07161087 d:PlantMachinery 2023-06-30 07161087 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07161087 d:MotorVehicles 2023-07-01 2024-06-30 07161087 d:MotorVehicles 2024-06-30 07161087 d:MotorVehicles 2023-06-30 07161087 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07161087 d:FurnitureFittings 2023-07-01 2024-06-30 07161087 d:FurnitureFittings 2024-06-30 07161087 d:FurnitureFittings 2023-06-30 07161087 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07161087 d:OfficeEquipment 2023-07-01 2024-06-30 07161087 d:OfficeEquipment 2024-06-30 07161087 d:OfficeEquipment 2023-06-30 07161087 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07161087 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07161087 d:Goodwill 2024-06-30 07161087 d:Goodwill 2023-06-30 07161087 d:CurrentFinancialInstruments 2024-06-30 07161087 d:CurrentFinancialInstruments 2023-06-30 07161087 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07161087 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07161087 d:ShareCapital 2024-06-30 07161087 d:ShareCapital 2023-06-30 07161087 d:RetainedEarningsAccumulatedLosses 2024-06-30 07161087 d:RetainedEarningsAccumulatedLosses 2023-06-30 07161087 c:FRS102 2023-07-01 2024-06-30 07161087 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07161087 c:FullAccounts 2023-07-01 2024-06-30 07161087 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07161087 2 2023-07-01 2024-06-30 07161087 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 07161087









MUNI-SERV (HIRE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MUNI-SERV (HIRE) LIMITED
REGISTERED NUMBER: 07161087

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
330,752
128,543

  
330,752
128,543

Current assets
  

Stocks
  
15,860
16,016

Debtors: amounts falling due within one year
 6 
677,298
598,152

Cash at bank and in hand
 7 
281,337
352,393

  
974,495
966,561

Creditors: amounts falling due within one year
 8 
(856,721)
(770,747)

Net current assets
  
 
 
117,774
 
 
195,814

Total assets less current liabilities
  
448,526
324,357

Provisions for liabilities
  

Deferred tax
  
(64,201)
(17,069)

  
 
 
(64,201)
 
 
(17,069)

Net assets
  
384,325
307,288


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
384,315
307,278

  
384,325
307,288


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.

Page 1

 
MUNI-SERV (HIRE) LIMITED
REGISTERED NUMBER: 07161087
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 November 2024.




Glynn Benson
Paul Mullacrane
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MUNI-SERV (HIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Muni-Serv (Hire) Ltd is a private company limited by shares registed in the United Kingdom number 07161087. It's registered office is 7a Moorgate Point, Moorgate Road, Liverpool, L33 7XW.
During the year the principal activity was that of repair & maintenance of other transport equipment not elsewehre classified.

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:

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.

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.

Page 3

 
MUNI-SERV (HIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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.

Page 4

 
MUNI-SERV (HIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Plant and machinery
-
33%
Straight Line
Motor vehicles
-
33%
Straight Line
Fixtures and fittings
-
15%
Reducing Balance
Office equipment
-
25%
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.

 
2.9

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 reporting 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.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
MUNI-SERV (HIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 28).


4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
12,500



At 30 June 2024

12,500



Amortisation


At 1 July 2023
12,500



At 30 June 2024

12,500



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 6

 
MUNI-SERV (HIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
397,741
221,518
2,494
12,861
634,614


Additions
89,500
265,775
537
1,451
357,263


Disposals
(82,100)
(93,590)
(202)
(5,898)
(181,790)



At 30 June 2024

405,141
393,703
2,829
8,414
810,087



Depreciation


At 1 July 2023
356,107
138,011
2,193
9,759
506,070


Charge for the year on owned assets
37,410
84,952
203
2,183
124,748


Disposals
(82,072)
(63,327)
(189)
(5,895)
(151,483)



At 30 June 2024

311,445
159,636
2,207
6,047
479,335



Net book value



At 30 June 2024
93,696
234,067
622
2,367
330,752



At 30 June 2023
41,634
83,506
301
3,102
128,543


6.


Debtors

2024
2023
£
£


Trade debtors
171,281
97,515

Amounts owed by group undertakings
488,750
488,750

Other debtors
4,380
-

Prepayments and accrued income
12,887
11,887

677,298
598,152


Page 7

 
MUNI-SERV (HIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
281,337
352,393

281,337
352,393



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
206,175
258,844

Corporation tax
32,012
15,356

Other taxation and social security
344,535
426,441

Other creditors
263,348
49,957

Accruals and deferred income
10,651
20,149

856,721
770,747


 
Page 8