Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01falseNo description of principal activity42trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07421109 2023-11-01 2024-10-31 07421109 2022-11-01 2023-10-31 07421109 2024-10-31 07421109 2023-10-31 07421109 c:Director1 2023-11-01 2024-10-31 07421109 c:RegisteredOffice 2023-11-01 2024-10-31 07421109 d:PlantMachinery 2023-11-01 2024-10-31 07421109 d:PlantMachinery 2024-10-31 07421109 d:PlantMachinery 2023-10-31 07421109 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07421109 d:MotorVehicles 2023-11-01 2024-10-31 07421109 d:MotorVehicles 2024-10-31 07421109 d:MotorVehicles 2023-10-31 07421109 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07421109 d:FurnitureFittings 2023-11-01 2024-10-31 07421109 d:FurnitureFittings 2024-10-31 07421109 d:FurnitureFittings 2023-10-31 07421109 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07421109 d:ComputerEquipment 2023-11-01 2024-10-31 07421109 d:ComputerEquipment 2024-10-31 07421109 d:ComputerEquipment 2023-10-31 07421109 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07421109 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07421109 d:CurrentFinancialInstruments 2024-10-31 07421109 d:CurrentFinancialInstruments 2023-10-31 07421109 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 07421109 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07421109 d:ShareCapital 2024-10-31 07421109 d:ShareCapital 2023-10-31 07421109 d:RetainedEarningsAccumulatedLosses 2024-10-31 07421109 d:RetainedEarningsAccumulatedLosses 2023-10-31 07421109 c:FRS102 2023-11-01 2024-10-31 07421109 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07421109 c:FullAccounts 2023-11-01 2024-10-31 07421109 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07421109 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company registration number: 07421109







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2024


SHANKS POWER SOLUTIONS LTD






































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SHANKS POWER SOLUTIONS LTD
 


 
COMPANY INFORMATION


Director
J R Shanks 




Registered number
07421109



Registered office
Shephall House 87a Aston End Road
Aston

Stevenage

Herts

SG2 7EY




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

Herts

SG1 3QP





 


SHANKS POWER SOLUTIONS LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6

 


SHANKS POWER SOLUTIONS LTD
REGISTERED NUMBER:07421109



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,891
514

  
15,891
514

Current assets
  

Debtors: amounts falling due within one year
 5 
34,422
32,191

Bank and cash balances
  
273,106
242,558

  
307,528
274,749

Creditors: amounts falling due within one year
 6 
(34,515)
(37,989)

Net current assets
  
 
 
273,013
 
 
236,760

Total assets less current liabilities
  
288,904
237,274

Provisions for liabilities
  

Deferred tax
  
(3,973)
-

  
 
 
(3,973)
 
 
-

Net assets
  
284,931
237,274


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
284,921
237,264

  
284,931
237,274

Page 1

 


SHANKS POWER SOLUTIONS LTD
REGISTERED NUMBER:07421109


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers 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 director acknowledges his 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: 




................................................
J R Shanks
Director

Date: 28 April 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


SHANKS POWER SOLUTIONS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Shanks Power Soltuions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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.

Page 3

 


SHANKS POWER SOLUTIONS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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 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.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
20%
straight-line
Fixtures and fittings
-
10%
reducing balance
Computer equipment
-
33%
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.

Page 4

 


SHANKS POWER SOLUTIONS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
6,441
-
4,558
505
11,504


Additions
-
18,333
-
-
18,333



At 31 October 2024

6,441
18,333
4,558
505
29,837



Depreciation


At 1 November 2023
6,292
-
4,558
140
10,990


Charge for the year on owned assets
37
2,750
-
169
2,956



At 31 October 2024

6,329
2,750
4,558
309
13,946



Net book value



At 31 October 2024
112
15,583
-
196
15,891



At 31 October 2023
149
-
-
365
514


5.


Debtors

2024
2023
£
£
Page 5

 


SHANKS POWER SOLUTIONS LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.Debtors (continued)



Trade debtors
33,505
26,810

Other debtors
917
5,381

34,422
32,191



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
482
286

Corporation tax
32,478
36,269

Other taxation and social security
-
44

Other creditors
1,255
1,090

Accruals and deferred income
300
300

34,515
37,989


 
Page 6