Caseware UK (AP4) 2023.0.135 2023.0.135 2025-02-282025-02-282024-03-01falseNo description of principal activity76falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13206908 2024-03-01 2025-02-28 13206908 2023-03-01 2024-02-29 13206908 2025-02-28 13206908 2024-02-29 13206908 c:Director2 2024-03-01 2025-02-28 13206908 d:PlantMachinery 2024-03-01 2025-02-28 13206908 d:PlantMachinery 2025-02-28 13206908 d:PlantMachinery 2024-02-29 13206908 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13206908 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 13206908 d:MotorVehicles 2024-03-01 2025-02-28 13206908 d:MotorVehicles 2025-02-28 13206908 d:MotorVehicles 2024-02-29 13206908 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13206908 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 13206908 d:OfficeEquipment 2024-03-01 2025-02-28 13206908 d:OfficeEquipment 2025-02-28 13206908 d:OfficeEquipment 2024-02-29 13206908 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13206908 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 13206908 d:ComputerEquipment 2024-03-01 2025-02-28 13206908 d:ComputerEquipment 2025-02-28 13206908 d:ComputerEquipment 2024-02-29 13206908 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13206908 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 13206908 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13206908 d:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 13206908 d:CurrentFinancialInstruments 2025-02-28 13206908 d:CurrentFinancialInstruments 2024-02-29 13206908 d:Non-currentFinancialInstruments 2025-02-28 13206908 d:Non-currentFinancialInstruments 2024-02-29 13206908 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 13206908 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13206908 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 13206908 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 13206908 d:ShareCapital 2025-02-28 13206908 d:ShareCapital 2024-02-29 13206908 d:RetainedEarningsAccumulatedLosses 2025-02-28 13206908 d:RetainedEarningsAccumulatedLosses 2024-02-29 13206908 c:FRS102 2024-03-01 2025-02-28 13206908 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13206908 c:FullAccounts 2024-03-01 2025-02-28 13206908 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13206908 d:HirePurchaseContracts d:WithinOneYear 2025-02-28 13206908 d:HirePurchaseContracts d:WithinOneYear 2024-02-29 13206908 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-02-28 13206908 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-02-29 13206908 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 13206908









TERRAFORM SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
TERRAFORM SERVICES LTD
REGISTERED NUMBER: 13206908

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
As restated
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,296
42,490

  
25,296
42,490

Current assets
  

Debtors: amounts falling due within one year
 5 
287,832
251,029

Cash at bank and in hand
 6 
42,515
34,242

  
330,347
285,271

Creditors: amounts falling due within one year
 7 
(205,548)
(143,283)

Net current assets
  
 
 
124,799
 
 
141,988

Total assets less current liabilities
  
150,095
184,478

Creditors: amounts falling due after more than one year
 8 
(25,542)
(34,011)

  

Net assets
  
124,553
150,467


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
124,453
150,367

  
124,553
150,467


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
Page 1

 
TERRAFORM SERVICES LTD
REGISTERED NUMBER: 13206908
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

9 June 2025.




Tommy William Small
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TERRAFORM SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Terraform Services Ltd is a private company limited by shares incorporated in England and Wales.
The registered office is The Willow Centre, Unit 3 Kingsdale Business Centre, Regina Road, Chelmsford, Essex, CM1 1PE.

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.

 
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.

Page 3

 
TERRAFORM SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.4

Borrowing costs

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

 
2.5

Taxation

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.

 
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.

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.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Office equipment
-
25%
Computer equipment
-
25%

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.

Page 4

 
TERRAFORM SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
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

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 7 (2024 - 6).


4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2024
1,039
67,495
1,150
977
70,661



At 28 February 2025

1,039
67,495
1,150
977
70,661



Depreciation


At 1 March 2024
44
27,853
117
158
28,172


Charge for the year on owned assets
44
-
117
158
319


Charge for the year on financed assets
-
16,874
-
-
16,874



At 28 February 2025

88
44,727
234
316
45,365



Net book value



At 28 February 2025
951
22,768
916
661
25,296



At 29 February 2024
995
39,642
1,033
820
42,490

Page 5

 
TERRAFORM SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Debtors

28 February
As restated
29 February
2025
2024
£
£


Trade debtors
58,941
114,690

Other debtors
161,208
105,955

Tax recoverable
67,683
30,384

287,832
251,029



6.


Cash and cash equivalents

28 February
29 February
2025
2024
£
£

Cash at bank and in hand
42,515
34,242

Less: bank overdrafts
(18,129)
(21,163)

24,386
13,079



7.


Creditors: Amounts falling due within one year

28 February
As restated
29 February
2025
2024
£
£

Bank overdrafts
18,129
21,163

Trade creditors
79,524
-

Corporation tax
40,081
7,904

Other taxation and social security
31,501
11,699

Obligations under finance lease and hire purchase contracts
9,817
9,817

Other creditors
-
43,034

Accruals and deferred income
26,496
49,666

205,548
143,283


Page 6

 
TERRAFORM SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

8.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
25,542
34,011

25,542
34,011



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

28 February
29 February
2025
2024
£
£


Within one year
9,817
9,817

Between 1-5 years
25,542
34,011

35,359
43,828


10.


Prior year adjustment

The comparative figures have been restated to reflect a correction to the classification of £258,599 of materials costs, now recorded within cost of sales rather than deducted from turnover. In addition, £49,666 of cost of sales has been accrued in respect of prior year expenses. The adjustments increase both turnover and cost of sales by £258,599, and increase cost of sales and accruals by £49,666, reducing prior year retained earnings by £49,666. The corporation tax for the period as a result has reduced by £14,238.

Page 7