Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3159true2023-01-01falseThe provision of engineering solutions and services, specializing in the design, installation, and maintenance of electrical systems. The company operates within the industrial and commercial sectors, delivering tailored solutions to meet clients' specific requirements.58truefalse 03293847 2023-01-01 2023-12-31 03293847 2022-01-01 2022-12-31 03293847 2023-12-31 03293847 2022-12-31 03293847 1 2023-01-01 2023-12-31 03293847 d:Director3 2023-01-01 2023-12-31 03293847 c:PlantMachinery 2023-01-01 2023-12-31 03293847 c:PlantMachinery 2023-12-31 03293847 c:PlantMachinery 2022-12-31 03293847 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03293847 c:MotorVehicles 2023-01-01 2023-12-31 03293847 c:MotorVehicles 2023-12-31 03293847 c:MotorVehicles 2022-12-31 03293847 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03293847 c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03293847 c:Goodwill 2023-01-01 2023-12-31 03293847 c:Goodwill 2023-12-31 03293847 c:Goodwill 2022-12-31 03293847 c:ComputerSoftware 2023-12-31 03293847 c:ComputerSoftware 2022-12-31 03293847 c:CurrentFinancialInstruments 2023-12-31 03293847 c:CurrentFinancialInstruments 2022-12-31 03293847 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 03293847 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 03293847 c:ShareCapital 2023-12-31 03293847 c:ShareCapital 2022-12-31 03293847 c:SharePremium 2023-12-31 03293847 c:SharePremium 2022-12-31 03293847 c:OtherMiscellaneousReserve 2023-12-31 03293847 c:OtherMiscellaneousReserve 2022-12-31 03293847 c:RetainedEarningsAccumulatedLosses 2023-12-31 03293847 c:RetainedEarningsAccumulatedLosses 2022-12-31 03293847 d:OrdinaryShareClass1 2023-01-01 2023-12-31 03293847 d:OrdinaryShareClass1 2023-12-31 03293847 d:OrdinaryShareClass1 2022-12-31 03293847 d:OrdinaryShareClass2 2023-01-01 2023-12-31 03293847 d:OrdinaryShareClass2 2023-12-31 03293847 d:OrdinaryShareClass2 2022-12-31 03293847 d:OrdinaryShareClass3 2023-01-01 2023-12-31 03293847 d:OrdinaryShareClass3 2023-12-31 03293847 d:OrdinaryShareClass3 2022-12-31 03293847 d:FRS102 2023-01-01 2023-12-31 03293847 d:Audited 2023-01-01 2023-12-31 03293847 d:FullAccounts 2023-01-01 2023-12-31 03293847 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03293847 d:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03293847 c:Goodwill c:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 03293847 c:ComputerSoftware c:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 03293847 c:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 03293847 c:Goodwill c:OwnedIntangibleAssets 2023-01-01 2023-12-31 03293847 c:ComputerSoftware c:OwnedIntangibleAssets 2023-01-01 2023-12-31 03293847 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03293847










NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
REGISTERED NUMBER: 03293847

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
108,567
157,182

Tangible assets
 5 
155,423
147,589

  
263,990
304,771

Current assets
  

Stocks
  
39,236
39,236

Debtors: amounts falling due within one year
 6 
1,943,803
2,177,175

Cash at bank and in hand
 7 
205,608
230,359

  
2,188,647
2,446,770

Creditors: amounts falling due within one year
 8 
(961,921)
(1,038,268)

Net current assets
  
 
 
1,226,726
 
 
1,408,502

Total assets less current liabilities
  
1,490,716
1,713,273

Provisions for liabilities
  

Deferred tax
  
(39,915)
(24,717)

  
 
 
(39,915)
 
 
(24,717)

Net assets
  
1,450,801
1,688,556


Capital and reserves
  

Called up share capital 
 9 
2,100
2,100

Share premium account
  
504,711
504,711

Other reserves
  
275,405
275,405

Profit and loss account
  
668,585
906,340

  
1,450,801
1,688,556


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.
 
Page 1

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
REGISTERED NUMBER: 03293847

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

I M Stentiford
Director
Date: 14 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a private company limited by shares, registered in England and Wales. The address of
the registered office is Unit 15 The Metro Centre, Toutley Road, Wokingham, Berkshire, RG41 1QW. 

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

Going concern

After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The group has provided the directors with assurance that they will provide additional cash flow support if necessary. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

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:

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.

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.


 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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 and machinery
-
25%
reducing balance
Motor vehicles
-
25%
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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 59 (2022 - 58).


4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 January 2023
180,868
274,000
454,868


Additions
60,223
-
60,223



At 31 December 2023

241,091
274,000
515,091



Amortisation


At 1 January 2023
70,486
227,200
297,686


Charge for the year
95,138
13,700
108,838



At 31 December 2023

165,624
240,900
406,524



Net book value



At 31 December 2023
75,467
33,100
108,567



At 31 December 2022
110,382
46,800
157,182



Page 6

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
330,121
127,476
457,597


Additions
67,341
-
67,341



At 31 December 2023

397,462
127,476
524,938



Depreciation


At 1 January 2023
182,532
127,476
310,008


Charge for the year
59,507
-
59,507



At 31 December 2023

242,039
127,476
369,515



Net book value



At 31 December 2023
155,423
-
155,423



At 31 December 2022
147,589
-
147,589


6.


Debtors

2023
2022
£
£

Trade debtors
849,725
1,149,586

Amounts owed by group undertakings
739,535
588,163

Other debtors
5,295
69,733

Prepayments and accrued income
349,248
369,693

1,943,803
2,177,175


Amounts owed from group undertakings are interest free and repayable on demand.

Page 7

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
205,608
230,359

Less: bank overdrafts
-
(1,097)

205,608
229,262



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
1,097

Trade creditors
328,881
638,092

Amounts owed to group undertakings
377,904
134,745

Corporation tax
-
9,343

Other taxation and social security
204,914
176,149

Other creditors
13,929
11,000

Accruals and deferred income
36,293
67,842

961,921
1,038,268


Amounts owed to group undertakings are interest free and repayable on demand.


9.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary A voting shares shares of £1 each
1,000
1,000
1,000 (2022 - 1,000) Ordinary B non voting shares shares of £1 each
1,000
1,000
100 (2022 - 100) Ordinary C voting shares shares of £1 each
100
100

2,100

2,100



10.


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 £80,847 (2022: £65,350). Contributions totaling £12,903 (2022: £10,550) were payable to the fund at the reporting date and are included in creditors.

Page 8

 
NSI COMMERCIAL BUILDINGS SOLUTIONS LIMITED (FORMERLY DEBA (UK) LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Related party transactions

NSI Commercial Building Solutions Limited has taken the exemption in accordance with section 33 of FRS 102 not to disclose transactions with other wholly owned group companies.
During the year, the Company entered into transactions with another entity with a common Director. Sales of £nil (2022: £36,595) and purchases of £65,319 (2022: £105,636) were made from this entity. At the year end the amount owed from this entity is £12,801 (2022: £34,943).


12.


Post balance sheet events

On 9th January 2024 the A, B and C Ordinary shares were subdivided into 210,000 ordinary shares of £0.01 each as part of a group restructure to enable Nijhuis Saur Industries UK & Ireland to become the immediate parent company.


13.


Controlling party

The immediate parent Company until 8th January 2024 was Nijhuis Industries Holdings B. V., a Company incorporated in the Netherlands, following a group structure on 9th January 2024 there was a transfer of shares to Nijhuis Saur Industries UK & Ireland Limited which is now the immediate parent of the Company. The ultimate parent Company is Saur SAS, a company registered in France.


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 14 February 2025 by Michael Bath BSc FCA DChA (Senior statutory auditor) on behalf of James Cowper Kreston Audit.


Page 9