Casa Environmental Services Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07649903 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2022

for

CASA ENVIRONMENTAL SERVICES LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

B A M House

J House

REGISTERED OFFICE:

Hay Barn, Londonderry Farm

Keynsham Road

Willsbridge

Bristol

BS30 6EL

REGISTERED NUMBER:

07649903 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Casa Environmental Services Ltd for the year ended 31 May 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Casa Environmental Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Casa Environmental Services Ltd and state those matters that we have agreed to state to the Board of Directors of Casa Environmental Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Casa Environmental Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Casa Environmental Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Casa Environmental Services Ltd. You consider that Casa Environmental Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Casa Environmental Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

26 January 2023

FIXED ASSETS

Tangible assets

4

70,941

27,859

CURRENT ASSETS

Stocks

11,714

1,337

Debtors

5

360,963

284,985

Cash at bank

308,228

378,234

680,905

664,556

CREDITORS

Amounts falling due within one year

6

440,539

350,149

NET CURRENT ASSETS

240,366

314,407

TOTAL ASSETS LESS CURRENT LIABILITIES

311,307

342,266

CREDITORS

Amounts falling due after more than one year

7

(39,451

)

(40,184

)

PROVISIONS FOR LIABILITIES

8

(11,359

)

(2,960

)

NET ASSETS

260,497

299,122

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

260,493

299,118

SHAREHOLDERS' FUNDS

260,497

299,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2023 and were signed on its behalf by:

B A M House - Director

J House - Director

1.	STATUTORY INFORMATION

Casa Environmental Services Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoices sales of services, excluding value added tax. Turnover is recognised when the service is rendered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Government grants

Government grants are accounted for under the accruals method, with those in relation to expenditure credited when the expenditure is charged to the profit and loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Hire purchase and lease

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2021 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 June 2021

25,393

58,225

83,618

Additions

33,655

26,555

60,210

At 31 May 2022

59,048

84,780

143,828

DEPRECIATION

At 1 June 2021

10,155

45,604

55,759

Charge for year

7,334

9,794

17,128

At 31 May 2022

17,489

55,398

72,887

NET BOOK VALUE

At 31 May 2022

41,559

29,382

70,941

At 31 May 2021

15,238

12,621

27,859

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

300,427

236,819

Other debtors

60,536

48,166

360,963

284,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

9,907

9,816

Hire purchase contracts

3,767

-

Trade creditors

213,712

135,482

Taxation and social security

193,249

183,845

Other creditors

19,904

21,006

440,539

350,149

The bank loan relates to a government backed bounce back loan.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

30,348

40,184

Hire purchase contracts

9,103

-

39,451

40,184

8.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

11,359

2,960

Deferred

tax

£

Balance at 1 June 2021

2,960

Accelerated capital allowances

8,399

Balance at 31 May 2022

11,359

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

2

Ordinary A

£1

2

2

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

4

4

Ordinary B and Ordinary C shares have no voting rights. Dividends are payable at varying rates for each class of shares.

On the winding up of the company priority will be given to Ordinary A shares then Ordinary B shares and finally Ordinary C shares.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date a director owed the company £6,363.(2021: £14,203) Advances were made of £10,926 (2021: £16,140) and repayments were made of £18,766 (2021: £1,936).

11.	OPERATING LEASES

At the year end the company had non cancellable operating leases of £28,906 (2021: £54,647)

12.	CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

13.	PENSION COMMITMENTS

As at the year end the company had outstanding pension commitments of £12,537 (2021: £8,875)