Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-292024-03-290falsetrue2023-03-30Holding company0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08412072 2023-03-30 2024-03-29 08412072 2022-03-30 2023-03-29 08412072 2024-03-29 08412072 2023-03-29 08412072 c:Director1 2023-03-30 2024-03-29 08412072 d:Buildings 2023-03-30 2024-03-29 08412072 d:PlantMachinery 2023-03-30 2024-03-29 08412072 d:PlantMachinery 2024-03-29 08412072 d:PlantMachinery 2023-03-29 08412072 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-30 2024-03-29 08412072 d:MotorVehicles 2023-03-30 2024-03-29 08412072 d:MotorVehicles 2024-03-29 08412072 d:MotorVehicles 2023-03-29 08412072 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-30 2024-03-29 08412072 d:FurnitureFittings 2023-03-30 2024-03-29 08412072 d:FurnitureFittings 2024-03-29 08412072 d:FurnitureFittings 2023-03-29 08412072 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-30 2024-03-29 08412072 d:OwnedOrFreeholdAssets 2023-03-30 2024-03-29 08412072 d:CurrentFinancialInstruments 2024-03-29 08412072 d:CurrentFinancialInstruments 2023-03-29 08412072 d:Non-currentFinancialInstruments 2024-03-29 08412072 d:Non-currentFinancialInstruments 2023-03-29 08412072 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-29 08412072 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-29 08412072 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-29 08412072 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-29 08412072 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-29 08412072 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-29 08412072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-29 08412072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-29 08412072 d:ShareCapital 2024-03-29 08412072 d:ShareCapital 2023-03-29 08412072 d:RetainedEarningsAccumulatedLosses 2024-03-29 08412072 d:RetainedEarningsAccumulatedLosses 2023-03-29 08412072 c:FRS102 2023-03-30 2024-03-29 08412072 c:AuditExempt-NoAccountantsReport 2023-03-30 2024-03-29 08412072 c:FullAccounts 2023-03-30 2024-03-29 08412072 c:PrivateLimitedCompanyLtd 2023-03-30 2024-03-29 08412072 d:HirePurchaseContracts d:WithinOneYear 2024-03-29 08412072 d:HirePurchaseContracts d:WithinOneYear 2023-03-29 08412072 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-29 08412072 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-29 08412072 4 2023-03-30 2024-03-29 08412072 e:PoundSterling 2023-03-30 2024-03-29 iso4217:GBP xbrli:pure

Registered number: 08412072










GAS 4 WALES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 MARCH 2024

 
GAS 4 WALES LIMITED
REGISTERED NUMBER: 08412072

BALANCE SHEET
AS AT 29 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
500,628
359,757

  
500,628
359,757

Current assets
  

Debtors: amounts falling due within one year
 5 
1,863
37,786

Cash at bank and in hand
 6 
5,278
11,096

  
7,141
48,882

Creditors: amounts falling due within one year
 7 
(228,317)
(254,993)

Net current liabilities
  
 
 
(221,176)
 
 
(206,111)

Total assets less current liabilities
  
279,452
153,646

Creditors: amounts falling due after more than one year
 8 
(50,805)
(67,919)

Provisions for liabilities
  

Deferred tax
  
(123,060)
(81,801)

  
 
 
(123,060)
 
 
(81,801)

Net assets
  
105,587
3,926


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
105,287
3,626

  
105,587
3,926


Page 1

 
GAS 4 WALES LIMITED
REGISTERED NUMBER: 08412072
    
BALANCE SHEET (CONTINUED)
AS AT 29 MARCH 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 year 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 by: 




Stewart Herbert
Director

Date: 28 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GAS 4 WALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

1.


General information

Gas 4 Wales Limited is a private company, limited by shares, registered in England and Wales. The
company's registered office address is:
MHA House Charter Court
Phoneix Way
Swansea Enterprise Park
Swansea
SA7 9FS
The principal activity of the company in the year under review was that of a holding company providing services to it's subsidiary company.

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

The company is reliant on the continuing support of its bankers and directors. The directors are confident that this support will continue and despite the current uncertain economic climate, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors considers it appropriate to prepare the financial statements on a going concern basis.

Page 3

 
GAS 4 WALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

2.Accounting policies (continued)

 
2.3

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.5

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.

Page 4

 
GAS 4 WALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Freehold property
-
2%
Plant and machinery
-
Straight line 4% & 6.7%
Motor vehicles
-
20%
Fixtures and fittings
-
33%

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.

 
2.6

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors 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 instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially
Page 5

 
GAS 4 WALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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.

  
2.7

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors which are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

 
2.8

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 0 (2023 - 0).

Page 6

 
GAS 4 WALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 30 March 2023
663,237
113,191
7,946
784,374


Additions
28,674
-
-
28,674


Disposals
(2,765)
(4,000)
-
(6,765)


Transfers between classes
(9,000)
9,000
-
-



At 29 March 2024

680,146
118,191
7,946
806,283



Depreciation


At 30 March 2023
373,437
43,234
7,946
424,617


Charge for the year on owned assets
(132,450)
16,935
-
(115,515)


Disposals
(1,085)
(2,362)
-
(3,447)


Transfers between classes
(5,606)
5,606
-
-



At 29 March 2024

234,296
63,413
7,946
305,655



Net book value



At 29 March 2024
445,850
54,778
-
500,628



At 29 March 2023
289,800
69,957
-
359,757

Motor vehicles include assets under hire purchase with a net book value of £40,864


5.


Debtors

2024
2023
£
£


Trade debtors
1,326
9,305

Other debtors
270
28,481

Prepayments and accrued income
267
-

1,863
37,786


Page 7

 
GAS 4 WALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,278
11,096

5,278
11,096



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,119
9,868

Trade creditors
6,574
4,775

Amounts owed to group undertakings
201,629
230,038

Hire purchase
6,994
6,034

Accruals and deferred income
3,001
4,278

228,317
254,993


The following liabilities were secured:

2024
2023
£
£



Bank loans
25,776
35,646

Hire purchase
42,142
48,176

67,918
83,822

Details of security provided:

Hire purchase liabilities are secured by the underlying assets.
Bank and other loans are secured by charges over the company's assets.

Page 8

 
GAS 4 WALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,657
25,777

Net obligations under finance leases and hire purchase contracts
35,148
42,142

50,805
67,919



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,119
9,868


10,119
9,868

Amounts falling due 1-2 years

Bank loans
10,375
20,495


10,375
20,495

Amounts falling due 2-5 years

Bank loans
5,282
5,282


5,282
5,282


25,776
35,645


Page 9

 
GAS 4 WALES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
6,994
6,033

Between 1-5 years
35,148
42,143

42,142
48,176

 
Page 10