Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-303No description of principal activity2021-05-01false3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06163686 2021-05-01 2022-04-30 06163686 2020-05-01 2021-04-30 06163686 2022-04-30 06163686 2021-04-30 06163686 c:Director1 2021-05-01 2022-04-30 06163686 d:PlantMachinery 2021-05-01 2022-04-30 06163686 d:PlantMachinery 2022-04-30 06163686 d:PlantMachinery 2021-04-30 06163686 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 06163686 d:MotorVehicles 2021-05-01 2022-04-30 06163686 d:MotorVehicles 2022-04-30 06163686 d:MotorVehicles 2021-04-30 06163686 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 06163686 d:FurnitureFittings 2021-05-01 2022-04-30 06163686 d:FurnitureFittings 2022-04-30 06163686 d:FurnitureFittings 2021-04-30 06163686 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 06163686 d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 06163686 d:Goodwill 2022-04-30 06163686 d:Goodwill 2021-04-30 06163686 d:CurrentFinancialInstruments 2022-04-30 06163686 d:CurrentFinancialInstruments 2021-04-30 06163686 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 06163686 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 06163686 d:ShareCapital 2022-04-30 06163686 d:ShareCapital 2021-04-30 06163686 d:RetainedEarningsAccumulatedLosses 2022-04-30 06163686 d:RetainedEarningsAccumulatedLosses 2021-04-30 06163686 c:FRS102 2021-05-01 2022-04-30 06163686 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 06163686 c:FullAccounts 2021-05-01 2022-04-30 06163686 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 06163686 d:WithinOneYear 2022-04-30 06163686 d:WithinOneYear 2021-04-30 06163686 d:Goodwill d:OwnedIntangibleAssets 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure

Registered number: 06163686









E.A.W. COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

 
E.A.W. COMPANY LIMITED
REGISTERED NUMBER: 06163686

BALANCE SHEET
AS AT 30 APRIL 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
162,500
175,000

Tangible assets
 5 
18,230
20,321

  
180,730
195,321

Current assets
  

Debtors: amounts falling due within one year
 6 
46,766
25,712

Cash at bank and in hand
  
94,213
67,850

  
140,979
93,562

Creditors: amounts falling due within one year
 7 
(50,407)
(40,597)

Net current assets
  
 
 
90,572
 
 
52,965

Total assets less current liabilities
  
271,302
248,286

Provisions for liabilities
  

Deferred tax
  
(2,326)
(3,106)

  
 
 
(2,326)
 
 
(3,106)

Net assets
  
268,976
245,180


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
268,876
245,080

  
268,976
245,180


Page 1

 
E.A.W. COMPANY LIMITED
REGISTERED NUMBER: 06163686
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2022

The director considers 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 director acknowledges his 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 1 August 2022.






C A Sexton
Director

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

Page 2

 
E.A.W. COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office address of the company is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The principal activity of the company is the sale of bottled water and hire of office water coolers. Its principal place of business is Norwich, Norfolk.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year.

 
2.3

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and loss account over its useful economic life.

 
2.4

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.

Page 3

 
E.A.W. COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & equipment
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Water coolers
-
20%
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.

 
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

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.

 
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.

 
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 Profit and loss account in the same period as the related expenditure.

 
2.9

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 and loans to related parties.

Page 4

 
E.A.W. COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
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 at an annual general meeting.

 
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

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
E.A.W. COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 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 3 (2021 - 3).

Page 6

 
E.A.W. COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2021
250,000



At 30 April 2022

250,000



Amortisation


At 1 May 2021
75,000


Charge for the year on owned assets
12,500



At 30 April 2022

87,500



Net book value



At 30 April 2022
162,500



At 30 April 2021
175,000



Page 7

 
E.A.W. COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

5.


Tangible fixed assets





Water coolers
Motor vehicles
Plant & equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2021
106,644
15,899
160,020
282,563


Additions
3,410
-
-
3,410



At 30 April 2022

110,054
15,899
160,020
285,973



Depreciation


At 1 May 2021
104,763
14,188
143,291
262,242


Charge for the year on owned assets
2,563
428
2,510
5,501



At 30 April 2022

107,326
14,616
145,801
267,743



Net book value



At 30 April 2022
2,728
1,283
14,219
18,230



At 30 April 2021
1,881
1,711
16,729
20,321

Page 8

 
E.A.W. COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

6.


Debtors

2022
2021
£
£


Trade debtors
45,951
25,375

Amounts owed by group undertakings
295
102

Other debtors
348
72

Prepayments and accrued income
172
163

46,766
25,712



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
16,180
8,977

Other taxation and social security
31,392
28,519

Other creditors
-
266

Accruals and deferred income
2,835
2,835

50,407
40,597



8.


Commitments under operating leases

At 30 April 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
4,800
4,800

4,800
4,800

 
Page 9