Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31No description of principal activitytrue2023-06-01false45trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 5450113 2023-06-01 2024-05-31 5450113 2022-06-01 2023-05-31 5450113 2024-05-31 5450113 2023-05-31 5450113 c:Director1 2023-06-01 2024-05-31 5450113 d:PlantMachinery 2023-06-01 2024-05-31 5450113 d:PlantMachinery 2024-05-31 5450113 d:PlantMachinery 2023-05-31 5450113 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 5450113 d:MotorVehicles 2023-06-01 2024-05-31 5450113 d:MotorVehicles 2024-05-31 5450113 d:MotorVehicles 2023-05-31 5450113 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 5450113 d:FurnitureFittings 2023-06-01 2024-05-31 5450113 d:FurnitureFittings 2024-05-31 5450113 d:FurnitureFittings 2023-05-31 5450113 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 5450113 d:OfficeEquipment 2023-06-01 2024-05-31 5450113 d:OfficeEquipment 2024-05-31 5450113 d:OfficeEquipment 2023-05-31 5450113 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 5450113 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 5450113 d:CurrentFinancialInstruments 2024-05-31 5450113 d:CurrentFinancialInstruments 2023-05-31 5450113 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 5450113 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 5450113 d:ShareCapital 2024-05-31 5450113 d:ShareCapital 2023-05-31 5450113 d:RetainedEarningsAccumulatedLosses 2024-05-31 5450113 d:RetainedEarningsAccumulatedLosses 2023-05-31 5450113 c:FRS102 2023-06-01 2024-05-31 5450113 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 5450113 c:FullAccounts 2023-06-01 2024-05-31 5450113 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 5450113 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 5450113 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 5450113 2 2023-06-01 2024-05-31 5450113 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 5450113










WATER MIST & FIRE ENGINEERING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024



 
WATER MIST & FIRE ENGINEERING LIMITED
REGISTERED NUMBER: 5450113

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
238,564
128,924

  
238,564
128,924

Current assets
  

Stocks
  
6,875
7,400

Debtors: amounts falling due within one year
 5 
448,973
172,406

Cash at bank and in hand
  
192,737
328,354

  
648,585
508,160

Creditors: amounts falling due within one year
 6 
(353,431)
(156,920)

Net current assets
  
 
 
295,154
 
 
351,240

Total assets less current liabilities
  
533,718
480,164

Provisions for liabilities
  

Deferred tax
 7 
(59,641)
(29,549)

  
 
 
(59,641)
 
 
(29,549)

Net assets
  
474,077
450,615


Capital and reserves
  

Called up share capital 
  
21
21

Profit and loss account
  
474,056
450,594

  
474,077
450,615


Page 1

 
WATER MIST & FIRE ENGINEERING LIMITED
REGISTERED NUMBER: 5450113
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 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 10 January 2025.




................................................
A Sykes
Director

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

Page 2

 
WATER MIST & FIRE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
WATER MIST & FIRE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.3

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.

 
1.4

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.

 
1.5

Interest income

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

 
1.6

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.

Page 4

 
WATER MIST & FIRE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.7

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.


 
1.8

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.

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 & machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures & fittings
-
20%
Reducing balance
Office equipment
-
33%
Reducing balance

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.

Page 5

 
WATER MIST & FIRE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.9

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.

 
1.10

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.

 
1.11

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.

 
1.12

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.

 
1.13

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.

 
1.14

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.

Page 6

 
WATER MIST & FIRE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.


General information

Water Mist & Fire Engineering Limited is a private company, limited by shares and registered in England.
Its registered number is: 05450113
Its Registered Office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
59,006
195,920
12,785
23,264
290,975


Additions
44,200
171,215
1,440
2,498
219,353


Disposals
-
(81,870)
-
-
(81,870)



At 31 May 2024

103,206
285,265
14,225
25,762
428,458



Depreciation


At 1 June 2023
35,335
101,627
8,576
16,514
162,052


Charge for the year on owned assets
16,968
58,982
1,130
3,052
80,132


Disposals
-
(52,290)
-
-
(52,290)



At 31 May 2024

52,303
108,319
9,706
19,566
189,894



Net book value



At 31 May 2024
50,903
176,946
4,519
6,196
238,564



At 31 May 2023
23,672
94,293
4,209
6,750
128,924

Page 7

 
WATER MIST & FIRE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
299,907
157,734

Amounts owed by related parties
924
924

Other debtors
117,616
-

Prepayments and accrued income
30,526
13,748

448,973
172,406



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
124,740
10,734

Corporation tax
129,902
1,977

Other taxation and social security
89,797
111,172

Other creditors
4,075
28,035

Accruals and deferred income
4,917
5,002

353,431
156,920



7.


Deferred taxation




2024


£






At beginning of year
(29,549)


Charged to profit or loss
(30,092)



At end of year
(59,641)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(59,641)
(29,549)

(59,641)
(29,549)

 
Page 8