Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31122023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07036237 2023-04-01 2024-03-31 07036237 2022-04-01 2023-03-31 07036237 2024-03-31 07036237 2023-03-31 07036237 c:Director2 2023-04-01 2024-03-31 07036237 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 07036237 d:PlantMachinery 2023-04-01 2024-03-31 07036237 d:PlantMachinery 2024-03-31 07036237 d:PlantMachinery 2023-03-31 07036237 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07036237 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07036237 d:FurnitureFittings 2023-04-01 2024-03-31 07036237 d:FurnitureFittings 2024-03-31 07036237 d:FurnitureFittings 2023-03-31 07036237 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07036237 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07036237 d:OfficeEquipment 2023-04-01 2024-03-31 07036237 d:OfficeEquipment 2024-03-31 07036237 d:OfficeEquipment 2023-03-31 07036237 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07036237 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07036237 d:ComputerEquipment 2023-04-01 2024-03-31 07036237 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07036237 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07036237 d:CurrentFinancialInstruments 2024-03-31 07036237 d:CurrentFinancialInstruments 2023-03-31 07036237 d:Non-currentFinancialInstruments 2024-03-31 07036237 d:Non-currentFinancialInstruments 2023-03-31 07036237 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07036237 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07036237 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07036237 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07036237 d:ShareCapital 2024-03-31 07036237 d:ShareCapital 2023-03-31 07036237 d:CapitalRedemptionReserve 2024-03-31 07036237 d:CapitalRedemptionReserve 2023-03-31 07036237 d:RetainedEarningsAccumulatedLosses 2024-03-31 07036237 d:RetainedEarningsAccumulatedLosses 2023-03-31 07036237 c:FRS102 2023-04-01 2024-03-31 07036237 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07036237 c:FullAccounts 2023-04-01 2024-03-31 07036237 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07036237 2 2023-04-01 2024-03-31 07036237 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07036237 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07036237 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-31 07036237 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 07036237 d:LeasedAssetsHeldAsLessee 2024-03-31 07036237 d:LeasedAssetsHeldAsLessee 2023-03-31 07036237 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07036237









NO PAIN NIGEL AND NO PAIN SHANE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
REGISTERED NUMBER: 07036237

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,828
33,943

  
20,828
33,943

Current assets
  

Stocks
  
22,926
20,520

Debtors: amounts falling due within one year
 5 
131,591
130,933

Cash at bank and in hand
 6 
89,302
73,404

  
243,819
224,857

Creditors: amounts falling due within one year
 7 
(192,785)
(117,054)

Net current assets
  
 
 
51,034
 
 
107,803

Total assets less current liabilities
  
71,862
141,746

Creditors: amounts falling due after more than one year
 8 
(42,024)
(89,739)

Provisions for liabilities
  

Deferred tax
 9 
(5,206)
(6,403)

  
 
 
(5,206)
 
 
(6,403)

Net assets
  
24,632
45,604


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
50
50

Profit and loss account
  
24,482
45,454

  
24,632
45,604


Page 1

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
REGISTERED NUMBER: 07036237
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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 comprehensive income 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 24 December 2024.




................................................
S. Roiser
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The legal form of the entity is a private company limited by share capital registered in England and Wales and the principal place of business is situated at 74 Old London Road, Brighton, Sussex, BN1 8XQ.

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

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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.

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.

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

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.

Page 4

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.10

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 5

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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:

Short-term leasehold property
-
10%
Plant and machinery
-
25%
Fixtures and fittings
-
20%
Computer equipment
-
20%

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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 6

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

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.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

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 12 (2023 - 11).

Page 7

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
40,725
6,874
16,404
64,003


Disposals
-
(1,240)
(13,324)
(14,564)



At 31 March 2024

40,725
5,634
3,080
49,439



Depreciation


At 1 April 2023
13,527
3,432
13,101
30,060


Charge for the year on owned assets
8,927
1,348
-
10,275


Charge for the year on financed assets
1,254
-
1,586
2,840


Disposals
-
(1,240)
(13,324)
(14,564)



At 31 March 2024

23,708
3,540
1,363
28,611



Net book value



At 31 March 2024
17,017
2,094
1,717
20,828



At 31 March 2023
27,198
3,442
3,303
33,943

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


2024
2023
£
£



Plant and machinery
258
1,512

258
1,512

Page 8

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
105,304
106,491

Prepayments and accrued income
26,287
24,442

131,591
130,933



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
89,302
73,404

89,302
73,404



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
37,456
37,456

Trade creditors
12,722
17,218

Corporation tax
79,116
51,156

Other taxation and social security
3,669
3,698

Obligations under finance lease and hire purchase contracts
-
1,937

Other creditors
1,473
382

Accruals and deferred income
58,349
5,207

192,785
117,054



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
42,024
89,739

42,024
89,739


Page 9

 
NO PAIN NIGEL AND NO PAIN SHANE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024


£






At beginning of year
(6,402)


Charged to profit or loss
1,196



At end of year
(5,206)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,207)
(6,402)

(5,207)
(6,402)


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,709 (2023 - £3,392).   Contributions totalling £749 (2023 - £325) were payable to the fund at the reporting date and are included in creditors.


11.


Transactions with members of key management personnel

Included in creditors amounts falling due within one year is an amount of £456 (2023 - £56) owed to member(s) of key management personnel. The advance is provided free of interest and repayable on demand. The company provided guarantee to Royal Bank of Scotland in respect of borrowings by member of key management personnel by way of fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery with negative pledge.

 
Page 10