Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30falseNo description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-04-28false3 14834024 2023-04-27 14834024 2023-04-28 2024-04-30 14834024 2022-04-28 2023-04-27 14834024 2024-04-30 14834024 c:Director3 2023-04-28 2024-04-30 14834024 d:OfficeEquipment 2023-04-28 2024-04-30 14834024 d:OfficeEquipment 2024-04-30 14834024 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-28 2024-04-30 14834024 d:CurrentFinancialInstruments 2024-04-30 14834024 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14834024 d:ShareCapital 2024-04-30 14834024 d:SharePremium 2024-04-30 14834024 d:RetainedEarningsAccumulatedLosses 2024-04-30 14834024 c:OrdinaryShareClass1 2023-04-28 2024-04-30 14834024 c:OrdinaryShareClass1 2024-04-30 14834024 c:FRS102 2023-04-28 2024-04-30 14834024 c:AuditExempt-NoAccountantsReport 2023-04-28 2024-04-30 14834024 c:FullAccounts 2023-04-28 2024-04-30 14834024 c:PrivateLimitedCompanyLtd 2023-04-28 2024-04-30 14834024 e:PoundSterling 2023-04-28 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14834024









ASC WATER AND ENERGY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2024

 
ASC WATER AND ENERGY LIMITED
REGISTERED NUMBER: 14834024

BALANCE SHEET
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
689

Current assets
  

Debtors: amounts falling due within one year
 5 
1,340

Cash at bank and in hand
 6 
87,751

  
89,091

Creditors: amounts falling due within one year
 7 
(4,095)

Net current assets
  
 
 
84,996

Total assets less current liabilities
  
85,685

  

Net assets
  
85,685


Capital and reserves
  

Called up share capital 
 8 
9,668

Share premium account
  
272,853

Profit and loss account
  
(196,836)

  
85,685


Page 1

 
ASC WATER AND ENERGY LIMITED
REGISTERED NUMBER: 14834024
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 7 February 2025.




N S Yap
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
ASC WATER AND ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

ASC Water And Energy Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, England, E11 1GA.
The Company was incorporated on 28 April 2023 and commenced trading on that date.

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

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 comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ASC WATER AND ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

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:

Office equipment
-
25%
straight line

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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.

Page 4

 
ASC WATER AND ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
882



At 30 April 2024

882



Depreciation


Charge for the period on owned assets
193



At 30 April 2024

193



Net book value



At 30 April 2024
689


5.


Debtors

2024
£


Other debtors
140

Prepayments and accrued income
1,200

1,340



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
87,751


Page 5

 
ASC WATER AND ENERGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
72

Other taxation and social security
1,784

Accruals and deferred income
2,239

4,095



8.


Share capital

2024
£
Allotted, called up and fully paid


966,794 Ordinary shares of £0.01 each
9,668


During the period, 912,114 £0.01 Ordinary shares were issued at par, and 54,680 £0.01 Ordinary shares were issued at a premium of £4.99 per share.


9.


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 £1,196. Contributions totalling £347 were payable to the fund at the balance sheet date and are included in creditors.

 
Page 6