Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312023-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity4946truetruefalse 02087082 2023-08-01 2024-07-31 02087082 2022-08-01 2023-07-31 02087082 2024-07-31 02087082 2023-07-31 02087082 c:Director1 2023-08-01 2024-07-31 02087082 d:PlantMachinery 2023-08-01 2024-07-31 02087082 d:PlantMachinery 2024-07-31 02087082 d:PlantMachinery 2023-07-31 02087082 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02087082 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02087082 d:MotorVehicles 2023-08-01 2024-07-31 02087082 d:MotorVehicles 2024-07-31 02087082 d:MotorVehicles 2023-07-31 02087082 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02087082 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02087082 d:FurnitureFittings 2023-08-01 2024-07-31 02087082 d:FurnitureFittings 2024-07-31 02087082 d:FurnitureFittings 2023-07-31 02087082 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02087082 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02087082 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02087082 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02087082 d:CurrentFinancialInstruments 2024-07-31 02087082 d:CurrentFinancialInstruments 2023-07-31 02087082 d:Non-currentFinancialInstruments 2024-07-31 02087082 d:Non-currentFinancialInstruments 2023-07-31 02087082 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02087082 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02087082 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 02087082 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 02087082 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 02087082 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 02087082 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 02087082 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 02087082 d:ShareCapital 2024-07-31 02087082 d:ShareCapital 2023-07-31 02087082 d:RetainedEarningsAccumulatedLosses 2024-07-31 02087082 d:RetainedEarningsAccumulatedLosses 2023-07-31 02087082 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 02087082 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 02087082 c:FRS102 2023-08-01 2024-07-31 02087082 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02087082 c:FullAccounts 2023-08-01 2024-07-31 02087082 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02087082 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 02087082 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 02087082 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 02087082 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 02087082 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-07-31 02087082 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 02087082 d:LeasedAssetsHeldAsLessee 2024-07-31 02087082 d:LeasedAssetsHeldAsLessee 2023-07-31 02087082 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 02087082









CASWELL MAINTENANCE SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
CASWELL MAINTENANCE SERVICES LIMITED
REGISTERED NUMBER: 02087082

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
692,790
556,110

  
692,790
556,110

Current assets
  

Stocks
 5 
89,638
73,447

Debtors: amounts falling due within one year
 6 
2,911,519
2,721,880

Cash at bank and in hand
 7 
1,315,520
1,319,515

  
4,316,677
4,114,842

Creditors: amounts falling due within one year
 8 
(1,881,432)
(2,078,642)

Net current assets
  
 
 
2,435,245
 
 
2,036,200

Total assets less current liabilities
  
3,128,035
2,592,310

Creditors: amounts falling due after more than one year
 9 
(220,853)
(269,573)

Provisions for liabilities
  

Deferred tax
  
(150,119)
(106,297)

  
 
 
(150,119)
 
 
(106,297)

Net assets
  
2,757,063
2,216,440


Capital and reserves
  

Called up share capital 
  
104
104

Profit and loss account
  
2,756,959
2,216,336

  
2,757,063
2,216,440


Page 1

 
CASWELL MAINTENANCE SERVICES LIMITED
REGISTERED NUMBER: 02087082
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 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 




C C Wheels
Director

Date: 28 April 2025

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

Page 2

 
CASWELL MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Caswell Maintenance Services Limited is a company limited by shares incorporated in England and Wales within the United Kingdom.  The address of the registered office is Meadle Farm Cottage, Meadle, Aylesbury, Buckinghamshire, HP17 9UD.
The company's principal activity is that of maintenance, shopfitting and building services.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

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

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

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 3

 
CASWELL MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.3
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:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
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.

 
2.4

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 balance sheet 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.

 
2.5

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.

 
2.6

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. 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.

 
2.7

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.

 
2.8

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.

Page 4

 
CASWELL MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Borrowing costs

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

 
2.12

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 49 (2023 - 46).

Page 5

 
CASWELL MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 August 2023
164,472
757,280
85,927
1,007,679


Additions
75,217
270,069
8,072
353,358


Disposals
(25,985)
(107,679)
-
(133,664)



At 31 July 2024

213,704
919,670
93,999
1,227,373



Depreciation


At 1 August 2023
77,037
302,449
72,083
451,569


Charge for the year on owned assets
22,209
9,819
4,136
36,164


Charge for the year on financed assets
-
137,586
-
137,586


Disposals
(12,288)
(78,448)
-
(90,736)



At 31 July 2024

86,958
371,406
76,219
534,583



Net book value



At 31 July 2024
126,746
548,264
17,780
692,790



At 31 July 2023
87,435
454,831
13,844
556,110

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
490,432
417,357

490,432
417,357

Page 6

 
CASWELL MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
89,638
73,447

89,638
73,447



6.


Debtors

2024
2023
£
£


Trade debtors
1,397,862
1,636,798

Other debtors
35,617
1,976

Prepayments and accrued income
1,478,040
1,083,106

2,911,519
2,721,880



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,315,520
1,319,515

Less: bank overdrafts
(127,227)
(150,941)

1,188,293
1,168,574


Page 7

 
CASWELL MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
127,227
150,941

Bank loans
40,000
40,000

Trade creditors
678,457
847,779

Corporation tax
250,715
161,021

Other taxation and social security
60,317
55,299

Obligations under finance lease and hire purchase contracts
166,952
125,806

Other creditors
6,266
6,446

Accruals and deferred income
551,498
691,350

1,881,432
2,078,642


Details of security provided:
The hire purchase liabilities are secured by a charge over the company's assets.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
56,755
96,709

Net obligations under finance leases and hire purchase contracts
164,098
172,864

220,853
269,573


Details of security provided:
The hire purchase liabilities are secured by a charge over the company's assets.

Page 8

 
CASWELL MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
40,000
40,000


40,000
40,000

Amounts falling due 1-2 years

Bank loans
40,000
40,000


40,000
40,000

Amounts falling due 2-5 years

Bank loans
16,755
56,709


16,755
56,709


96,755
136,709



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
166,952
125,806

Between 1-5 years
164,098
172,864

331,050
298,670

Page 9

 
CASWELL MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

12.


Deferred taxation




2024


£






At beginning of year
(106,297)


Charged to profit or loss
(43,822)



At end of year
(150,119)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(150,119)
(106,297)

(150,119)
(106,297)

 
Page 10