Caseware UK (AP4) 2024.0.164 2024.0.164 false2023-09-01Roofing Activities22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI608610 2023-09-01 2024-08-31 NI608610 2022-09-01 2023-08-31 NI608610 2024-08-31 NI608610 2023-08-31 NI608610 c:Director2 2023-09-01 2024-08-31 NI608610 d:PlantMachinery 2023-09-01 2024-08-31 NI608610 d:PlantMachinery 2024-08-31 NI608610 d:PlantMachinery 2023-08-31 NI608610 d:FurnitureFittings 2023-09-01 2024-08-31 NI608610 d:FurnitureFittings 2024-08-31 NI608610 d:FurnitureFittings 2023-08-31 NI608610 d:CurrentFinancialInstruments 2024-08-31 NI608610 d:CurrentFinancialInstruments 2023-08-31 NI608610 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 NI608610 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 NI608610 d:ShareCapital 2024-08-31 NI608610 d:ShareCapital 2023-08-31 NI608610 d:RetainedEarningsAccumulatedLosses 2024-08-31 NI608610 d:RetainedEarningsAccumulatedLosses 2023-08-31 NI608610 c:FRS102 2023-09-01 2024-08-31 NI608610 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 NI608610 c:FullAccounts 2023-09-01 2024-08-31 NI608610 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI608610 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: NI608610










PPCO No.0 Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 August 2024

 
PPCO No.0 Limited
Registered number: NI608610

Balance Sheet
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
26,092

  
-
26,092

Current assets
  

Debtors: amounts falling due within one year
 6 
100
1,787,515

Bank and cash balances
  
-
82,312

  
100
1,869,827

Creditors: amounts falling due within one year
 7 
-
(1,560,840)

Net current assets
  
 
 
100
 
 
308,987

Total assets less current liabilities
  
100
335,079

Provisions for liabilities
  

Deferred tax
  
-
(6,523)

  
 
 
-
 
 
(6,523)

Net assets
  
100
328,556


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
-
328,456

Total equity
  
100
328,556


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PPCO No.0 Limited
Registered number: NI608610

Balance Sheet (continued)
As at 31 August 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 profit and loss account 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 4 March 2025.




Mr Philip Polly
Director

The notes on pages 3 to 7 form part of these financial statements.
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PPCO No.0 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

1.


General information

Cosy Roof Ireland Limited is a private company company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.

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.

Management expenses recharged to fellow group companies are netted off the specific expenses line item within the P&L, and are not shown seperately as income.

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PPCO No.0 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 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

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.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Reducing balance
Fixtures and fittings
-
20%
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.

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PPCO No.0 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company’s accounting policies, management has not made any significant judgements. There are no key assumptions concerning the future or other key sources of estimation, that have significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within next the financial year


4.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

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PPCO No.0 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£





At 1 September 2023
47,746
20,249
67,995


Disposals
(47,746)
(20,249)
(67,995)



At 31 August 2024

-
-
-





At 1 September 2023
23,299
18,604
41,903


Disposals
(23,299)
(18,604)
(41,903)



At 31 August 2024

-
-
-



Net book value



At 31 August 2024
-
-
-



At 31 August 2023
24,447
1,645
26,092


6.


Debtors: amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
100
1,737,515

Amounts owed by related party
-
50,000

100
1,787,515


Amounts owed by group undertakings are deemed to be unsecured, interest free and repayable on demand.

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PPCO No.0 Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
-
18,624

Amounts owed to group undertakings
-
1,534,086

Other creditors
-
5,429

Accruals and deferred income
-
2,701

-
1,560,840


Amounts owed to group undertakings are deemed to be unsecured, interest free and payable on demand.
Danske Bank Limited hold fixed charges, floating charges and negative pledges secured on the company's assets.


8.


Related party transactions

The company have availed of the exemption under FRS 102 in relation to the disclosure of transactions with wholly owned group companies.  
All balances are interest-free, unsecured and repayable/payable on demand. 


9.


Parent Company

The company is a wholly owned subsidiary of Cosy Group Holdings Limited, a company registered in Northern Ireland.

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