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Registered number: 03211394









Building Technology Systems Limited









Financial statements

Information for filing with the registrar

For the year ended 30 June 2024

 
Building Technology Systems Limited
Registered number: 03211394

Statement of Financial Position
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
171,636
146,860

Current assets
  

Stocks
 5 
82,487
63,298

Debtors: amounts falling due within one year
 6 
3,054,353
2,659,849

Cash at bank and in hand
  
274,331
66,598

  
3,411,171
2,789,745

Creditors: amounts falling due within one year
 7 
(2,088,884)
(1,817,383)

Net current assets
  
 
 
1,322,287
 
 
972,362

Total assets less current liabilities
  
1,493,923
1,119,222

Creditors: amounts falling due after more than one year
 8 
(148,497)
(128,239)

Provisions for liabilities
  

Deferred tax
  
(4,379)
(1,443)

Net assets
  
1,341,047
989,540


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,340,047
988,540

  
1,341,047
989,540


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: 




G Spark
Director

Date: 15 January 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
Building Technology Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 June 2024

1.


General information

Building Technology Systems Limited is a private company limited by share capital, incorporated in England. The registered number is 03211394. The address of the registered office is 234 Europa Boulevard, Warrington, Cheshire, WA5 7TN.

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 Section 1A of 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 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:

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 2

 
Building Technology Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 June 2024

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, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
straight line over the life of the lease
Fixtures, fittings and equipment
-
straight line over 3 years

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

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.

 
2.5

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
Building Technology Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
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; 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.

Page 4

 
Building Technology Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 June 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 51 (2023 - 49).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 July 2023
190,809
385,706
576,515


Additions
57,070
32,165
89,235



At 30 June 2024

247,879
417,871
665,750



Depreciation


At 1 July 2023
67,284
362,371
429,655


Charge for the year
48,901
15,558
64,459



At 30 June 2024

116,185
377,929
494,114



Net book value



At 30 June 2024
131,694
39,942
171,636



At 30 June 2023
123,525
23,335
146,860


5.


Stocks

2024
2023
£
£

Work in progress (goods to be sold)
63,556
33,573

Finished goods and goods for resale
18,931
29,725

82,487
63,298


Page 5

 
Building Technology Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 June 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,880,098
1,483,199

Amounts owed by group undertakings
1,027,383
1,027,383

Other debtors
59,586
28,669

Prepayments and accrued income
87,286
120,598

3,054,353
2,659,849



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
286,027

Trade creditors
1,308,705
962,614

Corporation tax
202,784
142,333

Other taxation and social security
75,705
70,509

Obligations under finance lease and hire purchase contracts
49,615
45,981

Other creditors
5,975
11,069

Accruals and deferred income
446,100
298,850

2,088,884
1,817,383


Net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
148,497
128,239


Net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

Page 6

 
Building Technology Systems Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 June 2024

9.


Commitments under operating leases

At 30 June 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
172,287
145,058

Later than 1 year and not later than 5 years
367,533
323,676

Later than 5 years
-
12,342

539,820
481,076


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 15 January 2025 by Chris Stewardson (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

 
Page 7