Caseware UK (AP4) 2021.0.152 2021.0.152 2021-10-312021-10-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2020-11-01falseNo description of principal activity2truetrue 09275155 2020-11-01 2021-10-31 09275155 2019-11-01 2020-10-31 09275155 2021-10-31 09275155 2020-10-31 09275155 c:Director2 2020-11-01 2021-10-31 09275155 d:PlantMachinery 2020-11-01 2021-10-31 09275155 d:PlantMachinery 2021-10-31 09275155 d:PlantMachinery 2020-10-31 09275155 d:FurnitureFittings 2020-11-01 2021-10-31 09275155 d:FurnitureFittings 2021-10-31 09275155 d:FurnitureFittings 2020-10-31 09275155 d:OfficeEquipment 2020-11-01 2021-10-31 09275155 d:OfficeEquipment 2021-10-31 09275155 d:OfficeEquipment 2020-10-31 09275155 d:CurrentFinancialInstruments 2021-10-31 09275155 d:CurrentFinancialInstruments 2020-10-31 09275155 d:Non-currentFinancialInstruments 2021-10-31 09275155 d:Non-currentFinancialInstruments 2020-10-31 09275155 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 09275155 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 09275155 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 09275155 d:Non-currentFinancialInstruments d:AfterOneYear 2020-10-31 09275155 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-10-31 09275155 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-10-31 09275155 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 09275155 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-10-31 09275155 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-10-31 09275155 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-10-31 09275155 d:ShareCapital 2021-10-31 09275155 d:ShareCapital 2020-10-31 09275155 d:RetainedEarningsAccumulatedLosses 2021-10-31 09275155 d:RetainedEarningsAccumulatedLosses 2020-10-31 09275155 c:FRS102 2020-11-01 2021-10-31 09275155 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 09275155 c:FullAccounts 2020-11-01 2021-10-31 09275155 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 iso4217:GBP xbrli:pure

Registered number: 09275155










THE OLD GEORGE ICKLEFORD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2021



 
THE OLD GEORGE ICKLEFORD LIMITED
REGISTERED NUMBER: 09275155

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
10,268

  
-
10,268

Current assets
  

Stocks
  
-
3,725

Debtors: amounts falling due within one year
 5 
-
5,606

Cash at bank and in hand
  
-
9,281

  
-
18,612

Creditors: amounts falling due within one year
 6 
(101,058)
(104,047)

Net current liabilities
  
 
 
(101,058)
 
 
(85,435)

Total assets less current liabilities
  
(101,058)
(75,167)

Creditors: amounts falling due after more than one year
 7 
-
(45,833)

  

Net liabilities
  
(101,058)
(121,000)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(101,060)
(121,002)

  
(101,058)
(121,000)


Page 1

 
THE OLD GEORGE ICKLEFORD LIMITED
REGISTERED NUMBER: 09275155
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2021

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 15 August 2022.



N Kevans
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE OLD GEORGE ICKLEFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.Accounting policies

 
1.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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:

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.

 
1.3

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.

 
1.4

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 Statement of income and retained earnings in the same period as the related expenditure.

 
1.5

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.

Page 3

 
THE OLD GEORGE ICKLEFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.Accounting policies (continued)

 
1.6

Borrowing costs

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

 
1.7

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.

 
1.8

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, using the methods shown below.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
33%
straight line

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.

 
1.9

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 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.

Page 4

 
THE OLD GEORGE ICKLEFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1.Accounting policies (continued)

 
1.10

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.

 
1.11

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.

 
1.12

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.

 
1.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


2.


General information

The Company is a private company, limited by shares and registered in England and Wales.
Its registered number is: 09275155.
The address of its registered office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 5

 
THE OLD GEORGE ICKLEFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£





At 1 November 2020
7,215
36,537
8,660
52,412


Disposals
(7,215)
(36,537)
(8,660)
(52,412)



At 31 October 2021

-
-
-
-





At 1 November 2020
4,591
29,053
8,499
42,143


Disposals
(4,591)
(29,053)
(8,499)
(42,143)



At 31 October 2021

-
-
-
-



Net book value



At 31 October 2021
-
-
-
-



At 31 October 2020
2,623
7,485
160
10,268


5.


Debtors

2021
2020
£
£


Other debtors
-
5,606

-
5,606



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
-
4,167

Trade creditors
-
22,521

Other taxation and social security
-
9,530

Other creditors
101,058
66,326

Accruals and deferred income
-
1,503

101,058
104,047


Page 6

 
THE OLD GEORGE ICKLEFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
-
45,833

-
45,833



8.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
-
4,167


-
4,167

Amounts falling due 1-2 years

Bank loans
-
10,000


-
10,000

Amounts falling due 2-5 years

Bank loans
-
30,000


-
30,000

Amounts falling due after more than 5 years

Bank loans
-
5,833

-
5,833

-
50,000


 
Page 7