Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-04-01false1917falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01856589 2021-04-01 2022-03-31 01856589 2020-04-01 2021-03-31 01856589 2022-03-31 01856589 2021-03-31 01856589 c:Director1 2021-04-01 2022-03-31 01856589 d:PlantMachinery 2021-04-01 2022-03-31 01856589 d:PlantMachinery 2022-03-31 01856589 d:PlantMachinery 2021-03-31 01856589 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01856589 d:MotorVehicles 2021-04-01 2022-03-31 01856589 d:MotorVehicles 2022-03-31 01856589 d:MotorVehicles 2021-03-31 01856589 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01856589 d:FurnitureFittings 2021-04-01 2022-03-31 01856589 d:FurnitureFittings 2022-03-31 01856589 d:FurnitureFittings 2021-03-31 01856589 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01856589 d:OfficeEquipment 2021-04-01 2022-03-31 01856589 d:OfficeEquipment 2022-03-31 01856589 d:OfficeEquipment 2021-03-31 01856589 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01856589 d:ComputerEquipment 2021-04-01 2022-03-31 01856589 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01856589 d:CurrentFinancialInstruments 2022-03-31 01856589 d:CurrentFinancialInstruments 2021-03-31 01856589 d:Non-currentFinancialInstruments 2022-03-31 01856589 d:Non-currentFinancialInstruments 2021-03-31 01856589 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01856589 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 01856589 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 01856589 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 01856589 d:ShareCapital 2022-03-31 01856589 d:ShareCapital 2021-03-31 01856589 d:CapitalRedemptionReserve 2022-03-31 01856589 d:CapitalRedemptionReserve 2021-03-31 01856589 d:RetainedEarningsAccumulatedLosses 2022-03-31 01856589 d:RetainedEarningsAccumulatedLosses 2021-03-31 01856589 c:FRS102 2021-04-01 2022-03-31 01856589 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 01856589 c:FullAccounts 2021-04-01 2022-03-31 01856589 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 01856589 d:WithinOneYear 2022-03-31 01856589 d:WithinOneYear 2021-03-31 01856589 d:BetweenOneFiveYears 2022-03-31 01856589 d:BetweenOneFiveYears 2021-03-31 iso4217:GBP xbrli:pure
Registered number: 01856589


 
 
 
 
 
 
 
 
C.A. HONEMASTER LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

 
C.A. HONEMASTER LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 9


 
C.A. HONEMASTER LIMITED
REGISTERED NUMBER:01856589

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
547,223
626,905

Current assets
  

Stocks
  
130,059
41,505

Debtors: amounts falling due within one year
 5 
1,107,224
686,833

Cash at bank and in hand
  
222,349
299,472

  
1,459,632
1,027,810

Creditors: amounts falling due within one year
 6 
(574,999)
(411,281)

Net current assets
  
 
 
884,633
 
 
616,529

Total assets less current liabilities
  
1,431,856
1,243,434

Creditors: amounts falling due after more than one year
 7 
(80,603)
(105,139)

Provisions for liabilities
  

Deferred tax
  
(95,458)
(94,607)

Net assets
  
1,255,795
1,043,688


Capital and reserves
  

Called up share capital 
  
90
90

Capital redemption reserve
  
10
10

Profit and loss account
  
1,255,695
1,043,588

  
1,255,795
1,043,688


Page 1

 
C.A. HONEMASTER LIMITED
REGISTERED NUMBER:01856589
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

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 profit and loss account 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 30 August 2022.




K.T. Reel
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
C.A. HONEMASTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

C.A. Honemaster Limited (the Company) is a private company limited by shares, incorporated and domiciled in England. The address of its registered office is Units 1-2 Malmesbury Road, Kingsditch Trading Estate, Cheltenham, Gloucestershire GL51 9PL, which is also the address of its principal place of business. 

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 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 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:

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.

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.

Page 3

 
C.A. HONEMASTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.3

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 the following basis.


Plant & machinery
-
12.5% on cost
Motor vehicles
-
25% on reducing value
Furniture & fixtures
-
33.3% on cost
Computer equipment
-
20% on cost

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.

 
2.4

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 balance sheet 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.

 
2.5

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.

 
2.6

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.

 
2.7

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 4

 
C.A. HONEMASTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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. 

 
2.11

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.

 
2.12

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 balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Borrowing costs

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

Page 5

 
C.A. HONEMASTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.14

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 balance sheet 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 balance sheet 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 balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2021 - 17).

Page 6

 
C.A. HONEMASTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Furniture & fixtures
Computer equipment
Total

£
£
£
£
£



Cost 


At 1 April 2021
920,184
161,253
72,116
11,439
1,164,992


Additions
25,525
-
-
18,807
44,332



At 31 March 2022

945,709
161,253
72,116
30,246
1,209,324



Depreciation


At 1 April 2021
430,686
63,404
33,642
10,355
538,087


Charge for the year on owned assets
85,877
24,462
11,100
2,575
124,014



At 31 March 2022

516,563
87,866
44,742
12,930
662,101



Net book value



At 31 March 2022
429,146
73,387
27,374
17,316
547,223



At 31 March 2021
489,498
97,849
38,474
1,084
626,905

Page 7

 
C.A. HONEMASTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Debtors

2022
2021
£
£


Trade debtors
689,209
374,708

Amounts owed by group undertakings
213,324
161,884

Other debtors
134,576
102,499

Prepayments and accrued income
70,115
47,742

1,107,224
686,833



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
9,706
7,875

Trade creditors
394,919
257,426

Corporation tax
63,376
-

Other taxation and social security
73,178
68,526

Obligations under hire purchase contracts - secured on related assets
14,539
16,009

Other creditors
10,306
3,781

Accruals and deferred income
8,975
57,664

574,999
411,281



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
32,388
42,125

Obligations under hire purchase contracts - secured on related assets
48,215
63,014

80,603
105,139


Page 8

 
C.A. HONEMASTER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

8.


Commitments under operating leases

At 31 March 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
39,395
72,500

Later than 1 year and not later than 5 years
85,054
90,000

124,449
162,500


9.


Directors' benefits: advances, credit and guarantees

During the year a director received a further advance of £17,398 (2021: £27,396) from the company and there was a balance of £106,490 due from the director at the year end (2021: £89,092). This loan is unsecured, interest-free and repayable on demand.

 
Page 9