Caseware UK (AP4) 2023.0.135 2023.0.135 false2024-03-01false2No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07537850 2024-03-01 2025-02-28 07537850 2023-03-01 2024-02-29 07537850 2025-02-28 07537850 2024-02-29 07537850 c:Director1 2024-03-01 2025-02-28 07537850 c:RegisteredOffice 2024-03-01 2025-02-28 07537850 d:Buildings d:ShortLeaseholdAssets 2024-03-01 2025-02-28 07537850 d:Buildings d:ShortLeaseholdAssets 2025-02-28 07537850 d:Buildings d:ShortLeaseholdAssets 2024-02-29 07537850 d:PlantMachinery 2025-02-28 07537850 d:PlantMachinery 2024-02-29 07537850 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07537850 d:FurnitureFittings 2024-03-01 2025-02-28 07537850 d:OfficeEquipment 2024-03-01 2025-02-28 07537850 d:OfficeEquipment 2025-02-28 07537850 d:OfficeEquipment 2024-02-29 07537850 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07537850 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07537850 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 07537850 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07537850 d:ShareCapital 2025-02-28 07537850 d:ShareCapital 2024-02-29 07537850 d:RetainedEarningsAccumulatedLosses 2025-02-28 07537850 d:RetainedEarningsAccumulatedLosses 2024-02-29 07537850 c:OrdinaryShareClass1 2024-03-01 2025-02-28 07537850 c:OrdinaryShareClass1 2025-02-28 07537850 c:OrdinaryShareClass1 2024-02-29 07537850 c:FRS102 2024-03-01 2025-02-28 07537850 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07537850 c:AbridgedAccounts 2024-03-01 2025-02-28 07537850 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07537850 2 2024-03-01 2025-02-28 07537850 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 07537850 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 07537850 e:PoundSterling 2024-03-01 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07537850










PPE WORK SOLUTIONS LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 28 February 2025

 
PPE WORK SOLUTIONS LIMITED
 

Company Information


Director
J D Else 




Registered number
07537850



Registered office
Unit 26
Station Lane Industrial Estate

Old Whittington

Chesterfield

Derbyshire

S41 9QX




Trading Address
Unit 26
Station Lane Industrial Estate

Old Whittington

Chesterfield

Derbyshire

S41 9QX







 
PPE WORK SOLUTIONS LIMITED
 

Contents



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8


 
PPE WORK SOLUTIONS LIMITED
Registered number: 07537850

Balance sheet
As at 28 February 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,093
2,574

  
2,093
2,574

Current assets
  

Stocks
  
27,904
31,570

Debtors
  
14,377
15,733

Cash at bank and in hand
  
4,658
2,871

  
46,939
50,174

Creditors: amounts falling due within one year
  
(28,131)
(37,228)

Net current assets
  
 
 
18,808
 
 
12,946

Total assets less current liabilities
  
20,901
15,520

Provisions for liabilities
  
(398)
(490)

Net assets
  
20,503
15,030


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
20,501
15,028

  
20,503
15,030


Page 1

 
PPE WORK SOLUTIONS LIMITED
Registered number: 07537850

Balance sheet (continued)
As at 28 February 2025

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 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 16 June 2025.






J D Else
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PPE WORK SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2025

1.


General information

PPE Work Solutions Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PPE WORK SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2025

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

Page 4

 
PPE WORK SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2025

2.Accounting policies (continued)

 
2.7

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.


 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold improvements
-
25%
straight line
Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
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.

 
2.9

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.

Page 5

 
PPE WORK SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2025

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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 1 (2024 -2).

Page 6

 
PPE WORK SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2025

4.


Tangible fixed assets







Leasehold improvements
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2024
4,733
8,235
3,941
16,909



At 28 February 2025

4,733
8,235
3,941
16,909



Depreciation


At 1 March 2024
4,733
7,248
2,354
14,335


Charge for the year on owned assets
-
183
298
481



At 28 February 2025

4,733
7,431
2,652
14,816



Net book value



At 28 February 2025
-
804
1,289
2,093



At 29 February 2024
-
987
1,587
2,574


5.


Deferred taxation






2025


£






At 1 March 2024
490


Charged to profit or loss
(92)



At 28 February 2025
398

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024
£
£


Accelerated capital allowances
398
490

398
490

Page 7

 
PPE WORK SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the year ended 28 February 2025

6.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



2 (2024 -2) Ordinary shares of £1.00 each
2
2



7.


Related party transactions

The company operates a Directors current account with the company director. The balance at the end of the financial year was was as follows:


28 February
29 February
2025
2024
£
£

J D Else
(2,162)
(2,162)
(2,162)
(2,162)


Page 8