Casa Environmental Services Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07649903 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2023

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 2023 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

18 October 2023

FIXED ASSETS

Tangible assets

4

155,790

70,941

CURRENT ASSETS

Stocks

21,436

11,714

Debtors

5

492,833

360,963

Cash at bank

454,350

308,228

968,619

680,905

CREDITORS

Amounts falling due within one year

6

521,383

440,539

NET CURRENT ASSETS

447,236

240,366

TOTAL ASSETS LESS CURRENT LIABILITIES

603,026

311,307

CREDITORS

Amounts falling due after more than one year

7

(76,033

)

(39,451

)

PROVISIONS FOR LIABILITIES

8

(31,543

)

(11,359

)

NET ASSETS

495,450

260,497

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

495,446

260,493

SHAREHOLDERS' FUNDS

495,450

260,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 17 October 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

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.

Critical accounting judgements and key sources of estimation uncertainty

The new finance leases have been considered and treated as operating leases in the period.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 June 2022

59,048

84,780

143,828

Additions

6,051

98,440

104,491

At 31 May 2023

65,099

183,220

248,319

DEPRECIATION

At 1 June 2022

17,489

55,398

72,887

Charge for year

7,141

12,501

19,642

At 31 May 2023

24,630

67,899

92,529

NET BOOK VALUE

At 31 May 2023

40,469

115,321

155,790

At 31 May 2022

41,559

29,382

70,941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

436,774

300,427

Other debtors

56,059

60,536

492,833

360,963

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

9,907

9,907

Hire purchase contracts

20,449

3,767

Trade creditors

226,687

213,712

Taxation and social security

246,350

193,249

Other creditors

17,990

19,904

521,383

440,539

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

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

20,651

30,348

Hire purchase contracts

55,382

9,103

76,033

39,451

8.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

31,543

11,359

Deferred

tax

£

Balance at 1 June 2022

11,359

Accelerated capital allowances

20,184

Balance at 31 May 2023

31,543

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

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 the company owed the directors £143 (2022: £6,363 owed to the company). Advances were made of £2,499 (2022: £10,926) and repayments were made of £9,005 (£18,766).

11.	OPERATING LEASES

At the year end the company had non cancellable operating leases of £72,207 (2022: £28,906)

12.	PENSION COMMITMENTS

As at the year end the company had outstanding pension commitments of £14,008 (2022: £12,537)