Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-12false2023-08-30falseLorry repairs3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15105092 2023-08-29 15105092 2023-08-30 2024-12-31 15105092 2022-08-30 2023-08-29 15105092 2024-12-31 15105092 c:Director1 2023-08-30 2024-12-31 15105092 c:Director2 2023-08-30 2024-12-31 15105092 d:PlantMachinery 2023-08-30 2024-12-31 15105092 d:PlantMachinery 2024-12-31 15105092 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-30 2024-12-31 15105092 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-30 2024-12-31 15105092 d:MotorVehicles 2023-08-30 2024-12-31 15105092 d:MotorVehicles 2024-12-31 15105092 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-30 2024-12-31 15105092 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-30 2024-12-31 15105092 d:FurnitureFittings 2023-08-30 2024-12-31 15105092 d:FurnitureFittings 2024-12-31 15105092 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-30 2024-12-31 15105092 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-08-30 2024-12-31 15105092 d:OfficeEquipment 2023-08-30 2024-12-31 15105092 d:OfficeEquipment 2024-12-31 15105092 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-30 2024-12-31 15105092 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-08-30 2024-12-31 15105092 d:OwnedOrFreeholdAssets 2023-08-30 2024-12-31 15105092 d:LeasedAssetsHeldAsLessee 2023-08-30 2024-12-31 15105092 d:CurrentFinancialInstruments 2024-12-31 15105092 d:Non-currentFinancialInstruments 2024-12-31 15105092 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15105092 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 15105092 d:ShareCapital 2024-12-31 15105092 d:RetainedEarningsAccumulatedLosses 2023-08-30 2024-12-31 15105092 d:RetainedEarningsAccumulatedLosses 2024-12-31 15105092 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 15105092 d:RetirementBenefitObligationsDeferredTax 2024-12-31 15105092 c:OrdinaryShareClass1 2023-08-30 2024-12-31 15105092 c:OrdinaryShareClass1 2024-12-31 15105092 c:OrdinaryShareClass2 2023-08-30 2024-12-31 15105092 c:OrdinaryShareClass2 2024-12-31 15105092 c:FRS102 2023-08-30 2024-12-31 15105092 c:AuditExempt-NoAccountantsReport 2023-08-30 2024-12-31 15105092 c:FullAccounts 2023-08-30 2024-12-31 15105092 c:PrivateLimitedCompanyLtd 2023-08-30 2024-12-31 15105092 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 15105092 d:LeasedAssetsHeldAsLessee 2024-12-31 15105092 e:PoundSterling 2023-08-30 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15105092










COUNSELL COMMERCIAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
COUNSELL COMMERCIAL LIMITED
REGISTERED NUMBER: 15105092

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 5 
65,391

  
65,391

Current assets
  

Debtors: amounts falling due within one year
 6 
54,285

Cash at bank and in hand
 7 
44,097

  
98,382

Creditors: amounts falling due within one year
 8 
(78,392)

Net current assets
  
 
 
19,990

Total assets less current liabilities
  
85,381

Creditors: amounts falling due after more than one year
 9 
(19,665)

Provisions for liabilities
  

Deferred tax
 10 
(16,316)

  
 
 
(16,316)

Net assets
  
49,400


Capital and reserves
  

Called up share capital 
 11 
100

Profit and loss account
 12 
49,300

  
49,400


Page 1

 
COUNSELL COMMERCIAL LIMITED
REGISTERED NUMBER: 15105092
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 12 May 2025.




Lloyd Counsell
Kieron Owen
Director
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Counsell Commercial Limited, 15105092, is a private company limited by shares, incorporated in
England and Wales, with its registered office and principal place of business at Station Yard, Carno, Caersws, Powys, United Kingdom, SY17 5LG.
The principal activity of the Company is maintenance and repair of motor vehicles.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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

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.

 
2.5

Current and deferred taxation

The tax expense for the period 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.


 
2.6

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.

Page 4

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.6
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
-
15%
Reducing balance
Motor vehicles
-
15%
Reducing balance
Fixtures and fittings
-
15%
Reducing balance
Office equipment
-
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.

 
2.10

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.

Page 5

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations or future events that are believed to be reasonable under the
circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting
estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there
are no estimates nor assumptions that have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities within the next financial year.


4.


Employees

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

Page 6

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


Additions
52,803
4,900
5,776
5,313
68,792



At 31 December 2024

52,803
4,900
5,776
5,313
68,792



Depreciation


Charge for the period on owned assets
1,556
336
531
622
3,045


Charge for the period on financed assets
356
-
-
-
356



At 31 December 2024

1,912
336
531
622
3,401



Net book value



At 31 December 2024
50,891
4,564
5,245
4,691
65,391

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


2024
£



Plant and machinery
28,144

28,144


6.


Debtors

2024
£


Trade debtors
54,235

Other debtors
50

54,285


Page 7

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
44,097

44,097



8.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
58,822

Corporation tax
156

Other taxation and social security
6,648

Obligations under finance lease and hire purchase contracts
5,130

Other creditors
5,087

Accruals and deferred income
2,549

78,392


The following liabilities were secured:

2024
£



Hire purchase
5,130

5,130

Details of security provided:

The hire purchase and finance leases are secured upon the assets to which they relate.

Page 8

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
£

Net obligations under finance leases and hire purchase contracts
19,665

19,665


The following liabilities were secured:

2024
£



Net obligations under finance leases and hire purchase contracts
19,665

19,665

Details of security provided:

The hire purchase and finance leases are secured upon the assets to which they relate.

Page 9

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

10.


Deferred taxation



2024


£






Charged to profit or loss
16,316



At end of year
16,316

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
16,348

Pension surplus
(32)

16,316


11.


Share capital

2024
£
Allotted, called up and fully paid


50 Ordinary A shares of £1.00 each
50
50 Ordinary B shares of £1.00 each
50

100


On incorporation the following shares were issued at par:
Ordinary A shares - 50
Ordinary B shares - 50


12.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less
distributions made to shareholders.

Page 10

 
COUNSELL COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

13.


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 £1,194. Contributions totaling £293 were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11