Caseware UK (AP4) 2023.0.135 2023.0.135 2022-04-302022-04-30false2021-05-01No 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 09532290 2021-05-01 2022-04-30 09532290 2020-05-01 2021-04-30 09532290 2022-04-30 09532290 2021-04-30 09532290 c:Director1 2021-05-01 2022-04-30 09532290 d:PlantMachinery 2021-05-01 2022-04-30 09532290 d:PlantMachinery 2022-04-30 09532290 d:PlantMachinery 2021-04-30 09532290 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 09532290 d:CurrentFinancialInstruments 2022-04-30 09532290 d:CurrentFinancialInstruments 2021-04-30 09532290 d:Non-currentFinancialInstruments 2022-04-30 09532290 d:Non-currentFinancialInstruments 2021-04-30 09532290 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 09532290 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 09532290 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 09532290 d:Non-currentFinancialInstruments d:AfterOneYear 2021-04-30 09532290 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 09532290 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-04-30 09532290 d:ShareCapital 2022-04-30 09532290 d:ShareCapital 2021-04-30 09532290 d:RetainedEarningsAccumulatedLosses 2022-04-30 09532290 d:RetainedEarningsAccumulatedLosses 2021-04-30 09532290 c:FRS102 2021-05-01 2022-04-30 09532290 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 09532290 c:FullAccounts 2021-05-01 2022-04-30 09532290 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 09532290 e:PoundSterling 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure
Company registration number: 09532290







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2022


INSPECTOR LEAK LTD






































img07b1.png                        

 


INSPECTOR LEAK LTD
REGISTERED NUMBER:09532290



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,456
2,293

  
1,456
2,293

Current assets
  

Debtors: amounts falling due within one year
 5 
28,161
61,775

Cash at bank and in hand
 6 
29,927
43,697

  
58,088
105,472

Creditors: amounts falling due within one year
 7 
(18,379)
(54,624)

Net current assets
  
 
 
39,709
 
 
50,848

Total assets less current liabilities
  
41,165
53,141

Creditors: amounts falling due after more than one year
 8 
(13,333)
(17,333)

  

Net assets
  
27,832
35,808


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
27,732
35,708

  
27,832
35,808


Page 1

 


INSPECTOR LEAK LTD
REGISTERED NUMBER:09532290


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2022

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 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 by: 




................................................
A K Watson
Director

Date: 2 January 2025

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

Page 2

 


INSPECTOR LEAK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1.


General information

Inspector Leak Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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:

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

Borrowing costs

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

Page 3

 


INSPECTOR LEAK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.4

Taxation

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; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

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.

 
2.5

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:

Plant and machinery
-
25%

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.

 
2.6

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.

Page 4

 


INSPECTOR LEAK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

3.


Employees

2022
2021
£
£

Wages and salaries
8,861
8,789

8,861
8,789


The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 May 2021
6,747



At 30 April 2022

6,747



Depreciation


At 1 May 2021
4,454


Charge for the year on owned assets
837



At 30 April 2022

5,291



Net book value



At 30 April 2022
1,456



At 30 April 2021
2,293


5.


Debtors

2022
2021
£
£


Trade debtors
20,402
27,841

Other debtors
7,759
33,934

28,161
61,775


Page 5

 


INSPECTOR LEAK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
29,927
43,697

29,927
43,697



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
4,000
2,667

Corporation tax
9,155
19,650

Other taxation and social security
4,304
15,528

Other creditors
320
16,179

Accruals and deferred income
600
600

18,379
54,624



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
13,333
17,333

13,333
17,333


Page 6

 


INSPECTOR LEAK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
4,000
2,667


4,000
2,667

Amounts falling due 1-2 years

Bank loans
13,333
17,333


13,333
17,333



17,333
20,000



10.


Related party transactions

At the balance sheet date the company owed £320 (2021: £16,179) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 7