Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.172024-01-01falseNo description of principal activity13falsetruefalse 11726730 2024-01-01 2024-12-31 11726730 2023-01-01 2023-12-31 11726730 2024-12-31 11726730 2023-12-31 11726730 2023-01-01 11726730 c:Director1 2024-01-01 2024-12-31 11726730 d:PlantMachinery 2024-01-01 2024-12-31 11726730 d:PlantMachinery 2024-12-31 11726730 d:PlantMachinery 2023-12-31 11726730 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11726730 d:MotorVehicles 2024-01-01 2024-12-31 11726730 d:MotorVehicles 2024-12-31 11726730 d:MotorVehicles 2023-12-31 11726730 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11726730 d:FurnitureFittings 2024-01-01 2024-12-31 11726730 d:FurnitureFittings 2024-12-31 11726730 d:FurnitureFittings 2023-12-31 11726730 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11726730 d:OfficeEquipment 2024-01-01 2024-12-31 11726730 d:OfficeEquipment 2024-12-31 11726730 d:OfficeEquipment 2023-12-31 11726730 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11726730 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11726730 d:Goodwill 2024-01-01 2024-12-31 11726730 d:Goodwill 2024-12-31 11726730 d:Goodwill 2023-12-31 11726730 d:ComputerSoftware 2024-12-31 11726730 d:ComputerSoftware 2023-12-31 11726730 d:CurrentFinancialInstruments 2024-12-31 11726730 d:CurrentFinancialInstruments 2023-12-31 11726730 d:Non-currentFinancialInstruments 2024-12-31 11726730 d:Non-currentFinancialInstruments 2023-12-31 11726730 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11726730 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11726730 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11726730 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11726730 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 11726730 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11726730 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 11726730 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11726730 d:ShareCapital 2024-12-31 11726730 d:ShareCapital 2023-12-31 11726730 d:RetainedEarningsAccumulatedLosses 2024-12-31 11726730 d:RetainedEarningsAccumulatedLosses 2023-12-31 11726730 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 11726730 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11726730 c:FRS102 2024-01-01 2024-12-31 11726730 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11726730 c:FullAccounts 2024-01-01 2024-12-31 11726730 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11726730 2 2024-01-01 2024-12-31 11726730 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 11726730 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 11726730 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11726730










LINDSEY MAINTENANCE SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
LINDSEY MAINTENANCE SERVICES LIMITED
REGISTERED NUMBER: 11726730

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
48,808
61,576

Tangible assets
 5 
15,257
15,437

  
64,065
77,013

Current assets
  

Stocks
 6 
6,154
20,978

Debtors: amounts falling due within one year
 7 
188,606
179,559

Cash at bank and in hand
  
285,599
393,738

  
480,359
594,275

Creditors: amounts falling due within one year
 8 
(242,407)
(265,173)

Net current assets
  
 
 
237,952
 
 
329,102

Total assets less current liabilities
  
302,017
406,115

Creditors: amounts falling due after more than one year
 9 
(6,778)
(16,778)

Provisions for liabilities
  

Deferred tax
 11 
(1,928)
(3,254)

  
 
 
(1,928)
 
 
(3,254)

Net assets
  
293,311
386,083


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
293,309
386,081

  
293,311
386,083


Page 1

 
LINDSEY MAINTENANCE SERVICES LIMITED
REGISTERED NUMBER: 11726730
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 income statement 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: 




................................................
CJ Lindsey
Director

Date: 2 July 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Lindsey Maintenance Services Limited is a private company limited by shares and incorporated in England and Wales, registration number 11726730. The registered office is North Colchester Business Centre, 340 The Crescent, Colchester, Essex, England, CO4 9AD.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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 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.

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

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.


 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income statement over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

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:

Tools
-
20%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
IT equipment
-
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.

 
2.12

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 reporting 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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

Page 6

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.16

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.

 
2.17

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 17 (2023 - 13).

Page 7

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 January 2024
6,440
114,800
121,240



At 31 December 2024

6,440
114,800
121,240



Amortisation


At 1 January 2024
1,307
58,357
59,664


Charge for the year on owned assets
1,288
11,480
12,768



At 31 December 2024

2,595
69,837
72,432



Net book value



At 31 December 2024
3,845
44,963
48,808



At 31 December 2023
5,133
56,443
61,576



Page 8

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Tools
Motor vehicles
Computer Equipment
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
9,300
8,613
7,560
4,586
30,059


Additions
1,578
-
3,327
222
5,127


Disposals
(192)
(8,613)
-
-
(8,805)



At 31 December 2024

10,686
-
10,887
4,808
26,381



Depreciation


At 1 January 2024
2,539
6,853
3,263
1,967
14,622


Charge for the year on owned assets
1,447
-
1,399
531
3,377


Disposals
(22)
(6,853)
-
-
(6,875)



At 31 December 2024

3,964
-
4,662
2,498
11,124



Net book value



At 31 December 2024
6,722
-
6,225
2,310
15,257



At 31 December 2023
6,761
1,760
4,297
2,619
15,437

Page 9

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Stocks

2024
2023
£
£

Work in progress
1,703
14,523

Stock
4,451
6,455

6,154
20,978



7.


Debtors

2024
2023
£
£


Trade debtors
176,442
173,490

Other debtors
9,384
1,745

Prepayments and accrued income
2,780
4,324

188,606
179,559



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
43,801
60,530

Corporation tax
37,182
53,385

Other taxation and social security
84,817
82,775

Other creditors
59,867
50,743

Accruals and deferred income
6,740
7,740

242,407
265,173



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,778
16,778

6,778
16,778


Page 10

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
6,778
10,000


6,778
10,000

Amounts falling due 2-5 years

Bank loans
-
6,778


-
6,778


16,778
26,778


Page 11

 
LINDSEY MAINTENANCE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(3,254)
(3,899)


Charged to profit or loss
1,326
645



At end of year
(1,928)
(3,254)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,928)
(3,254)

(1,928)
(3,254)


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately 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 £17,741 (2023: £12,058). At the year end £3,609 was included in other creditors (2023: £6,012).

 
Page 12