Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsebuilding surveying and H&S services11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06479114 2023-04-01 2024-03-31 06479114 2022-04-01 2023-03-31 06479114 2024-03-31 06479114 2023-03-31 06479114 c:Director1 2023-04-01 2024-03-31 06479114 d:FurnitureFittings 2023-04-01 2024-03-31 06479114 d:FurnitureFittings 2024-03-31 06479114 d:FurnitureFittings 2023-03-31 06479114 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06479114 d:CurrentFinancialInstruments 2024-03-31 06479114 d:CurrentFinancialInstruments 2023-03-31 06479114 d:Non-currentFinancialInstruments 2024-03-31 06479114 d:Non-currentFinancialInstruments 2023-03-31 06479114 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06479114 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06479114 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06479114 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06479114 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 06479114 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 06479114 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 06479114 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 06479114 d:ShareCapital 2024-03-31 06479114 d:ShareCapital 2023-03-31 06479114 d:RetainedEarningsAccumulatedLosses 2024-03-31 06479114 d:RetainedEarningsAccumulatedLosses 2023-03-31 06479114 c:FRS102 2023-04-01 2024-03-31 06479114 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06479114 c:FullAccounts 2023-04-01 2024-03-31 06479114 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 06479114






ASSOCIATED SURVEYING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










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ASSOCIATED SURVEYING LIMITED
REGISTERED NUMBER:06479114

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
471
553

  
471
553

Current assets
  

Debtors: amounts falling due within one year
 5 
225,541
614,319

Cash at bank and in hand
 6 
1,675
16,430

  
227,216
630,749

Creditors: amounts falling due within one year
 7 
(203,842)
(157,911)

Net current assets
  
 
 
23,374
 
 
472,838

Total assets less current liabilities
  
23,845
473,391

Creditors: amounts falling due after more than one year
 8 
(19,055)
(29,116)

  

Net assets
  
4,790
444,275


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
4,789
444,274

  
4,790
444,275


Page 1

 
ASSOCIATED SURVEYING LIMITED
REGISTERED NUMBER:06479114
    
BALANCE SHEET (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 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 J Dean
Director

Date: 29 January 2025

Page 2

 
ASSOCIATED SURVEYING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Associated Surveying Limited is a private limited company, incorporated in England and Wales. Its registered office is Gateway House, 10 Coopers Way, Southend on Sea, Essex, SS2 5TE.
The principal activity of the company continued to be that of building surveying and the provision of health and safety services.

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 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

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.

 
2.4

Borrowing costs

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

Page 3

 
ASSOCIATED SURVEYING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the company operates and generates income.

 
2.6

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:

Fixtures & fittings
-
15%
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.

 
2.7

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.

 
2.8

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.

 
2.9

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 4

 
ASSOCIATED SURVEYING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

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 1 (2023 - 1).

Page 5

 
ASSOCIATED SURVEYING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 April 2023
2,339



At 31 March 2024

2,339



Depreciation


At 1 April 2023
1,785


Charge for the year on owned assets
83



At 31 March 2024

1,868



Net book value



At 31 March 2024
471



At 31 March 2023
554


5.


Debtors

2024
2023
£
£


Trade debtors
88,291
35,885

Other debtors
119,656
566,650

Prepayments and accrued income
17,594
11,784

225,541
614,319



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,675
16,430

1,675
16,430


Page 6

 
ASSOCIATED SURVEYING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,043
9,769

Trade creditors
5,727
5,928

Corporation tax
150,599
106,095

Other taxation and social security
34,727
28,959

Accruals and deferred income
2,746
7,160

203,842
157,911



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
19,055
29,116

19,055
29,116



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,043
9,769

Amounts falling due 1-2 years

Bank loans
10,298
10,043

Amounts falling due 2-5 years

Bank loans
8,757
19,074


29,098
38,886



10.


Related party transactions

At the balance sheet date the company was owed £839,656 (2023: £566,650) by companies under common control in respect of interest free loans repayable on demand.

 
Page 7