Casa Environmental Services Ltd 31/05/2018 iXBRL

Casa Environmental Services Ltd 31/05/2018 iXBRL

CASA ENVIRONMENTAL SERVICES LTD - Company Information

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31/05/2018 2018-05-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-06-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 07649903 2017-06-01 2018-05-31 07649903 2018-05-31 07649903 2017-05-31 07649903 2016-06-01 2017-05-31 07649903 2017-05-31 07649903 core:FurnitureFittingsToolsEquipment 2017-06-01 2018-05-31 07649903 core:MotorVehicles 2017-06-01 2018-05-31 07649903 bus:Director1 2017-06-01 2018-05-31 07649903 core:FurnitureFittingsToolsEquipment 2017-05-31 07649903 core:MotorVehicles 2017-05-31 07649903 core:FurnitureFittingsToolsEquipment 2018-05-31 07649903 core:MotorVehicles 2018-05-31 07649903 core:WithinOneYear 2018-05-31 07649903 core:WithinOneYear 2017-05-31 07649903 core:AfterOneYear 2018-05-31 07649903 core:AfterOneYear 2017-05-31 07649903 core:ShareCapital 2018-05-31 07649903 core:ShareCapital 2017-05-31 07649903 core:RetainedEarningsAccumulatedLosses 2018-05-31 07649903 core:RetainedEarningsAccumulatedLosses 2017-05-31 07649903 core:BetweenOneFiveYears 2018-05-31 07649903 core:BetweenOneFiveYears 2017-05-31 07649903 core:FurnitureFittingsToolsEquipment 2017-05-31 07649903 core:MotorVehicles 2017-05-31 07649903 bus:SmallEntities 2017-06-01 2018-05-31 07649903 bus:AuditExemptWithAccountantsReport 2017-06-01 2018-05-31 07649903 bus:FullAccounts 2017-06-01 2018-05-31 07649903 bus:SmallCompaniesRegimeForAccounts 2017-06-01 2018-05-31 07649903 bus:PrivateLimitedCompanyLtd 2017-06-01 2018-05-31
Company registration number: 07649903
Casa Environmental Services Ltd
Unaudited filleted financial statements
31 May 2018
Casa Environmental Services Ltd
Statement of financial position
31 May 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 5 31,024 39,806
_______ _______
31,024 39,806
Current assets
Debtors 6 229,597 173,519
Cash at bank and in hand 255,993 200,777
_______ _______
485,590 374,296
Creditors: amounts falling due
within one year 7 ( 244,803) ( 209,110)
_______ _______
Net current assets 240,787 165,186
_______ _______
Total assets less current liabilities 271,811 204,992
Creditors: amounts falling due
after more than one year 8 ( 5,083) ( 9,939)
Provisions for liabilities ( 4,586) ( 5,668)
_______ _______
Net assets 262,142 189,385
_______ _______
Capital and reserves
Called up share capital 4 4
Profit and loss account 262,138 189,381
_______ _______
Shareholders funds 262,142 189,385
_______ _______
For the year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 November 2018 , and are signed on behalf of the board by:
B House
Director
Company registration number: 07649903
Casa Environmental Services Ltd
Notes to the financial statements
Year ended 31 May 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 9, Londonderry Farm, Keynsham Road, Bristol, BS30 6ED.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Work in progress is included in turnover.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the year end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue, the expected loss is expenses immediately, with a corresponding provision for an onerous contract being recognised. Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2017: 20 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 June 2017 and 31 May 2018 11,040 74,502 85,542
_______ _______ _______
Depreciation
At 1 June 2017 4,775 40,961 45,736
Charge for the year 940 7,842 8,782
_______ _______ _______
At 31 May 2018 5,715 48,803 54,518
_______ _______ _______
Carrying amount
At 31 May 2018 5,325 25,699 31,024
_______ _______ _______
At 31 May 2017 6,265 33,541 39,806
_______ _______ _______
6. Debtors
2018 2017
£ £
Trade debtors 219,240 162,990
Other debtors 10,357 10,529
_______ _______
229,597 173,519
_______ _______
7. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors 122,842 97,440
Social security and other taxes 73,402 70,249
Other creditors 48,559 41,421
_______ _______
244,803 209,110
_______ _______
8. Creditors: amounts falling due after more than one year
2018 2017
£ £
Other creditors 5,083 9,939
_______ _______
9. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 8,249 432
Later than 1 year and not later than 5 years 36,405 648
_______ _______
44,654 1,080
_______ _______