Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseNo description of principal activity910truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00641514 2021-01-01 2021-12-31 00641514 2020-01-01 2020-12-31 00641514 2021-12-31 00641514 2020-12-31 00641514 c:Director1 2021-01-01 2021-12-31 00641514 d:Buildings d:LongLeaseholdAssets 2021-01-01 2021-12-31 00641514 d:Buildings d:LongLeaseholdAssets 2021-12-31 00641514 d:Buildings d:LongLeaseholdAssets 2020-12-31 00641514 d:PlantMachinery 2021-01-01 2021-12-31 00641514 d:PlantMachinery 2021-12-31 00641514 d:PlantMachinery 2020-12-31 00641514 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 00641514 d:MotorVehicles 2021-01-01 2021-12-31 00641514 d:MotorVehicles 2021-12-31 00641514 d:MotorVehicles 2020-12-31 00641514 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 00641514 d:FurnitureFittings 2021-01-01 2021-12-31 00641514 d:FurnitureFittings 2021-12-31 00641514 d:FurnitureFittings 2020-12-31 00641514 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 00641514 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 00641514 d:CurrentFinancialInstruments 2021-12-31 00641514 d:CurrentFinancialInstruments 2020-12-31 00641514 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 00641514 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 00641514 d:ShareCapital 2021-12-31 00641514 d:ShareCapital 2020-12-31 00641514 d:RetainedEarningsAccumulatedLosses 2021-12-31 00641514 d:RetainedEarningsAccumulatedLosses 2020-12-31 00641514 c:FRS102 2021-01-01 2021-12-31 00641514 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 00641514 c:FullAccounts 2021-01-01 2021-12-31 00641514 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 00641514 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 00641514 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 00641514









W S INGHAM & SON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
W S INGHAM & SON LIMITED
REGISTERED NUMBER: 00641514

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
370,729
507,313

  
370,729
507,313

Current assets
  

Stocks
  
11,374
10,349

Debtors: amounts falling due within one year
 5 
9,129
16,292

Cash at bank and in hand
  
173,547
133,430

  
194,050
160,071

Creditors: amounts falling due within one year
 6 
(69,595)
(146,684)

Net current assets
  
 
 
124,455
 
 
13,387

Total assets less current liabilities
  
495,184
520,700

Provisions for liabilities
  

Deferred tax
 7 
(9,602)
(21,813)

  
 
 
(9,602)
 
 
(21,813)

Net assets
  
485,582
498,887


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
483,582
496,887

  
485,582
498,887


Page 1

 
W S INGHAM & SON LIMITED
REGISTERED NUMBER: 00641514
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 comprehensive income 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 24 August 2022.




A D Ingham
Director

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

Page 2

 
W S INGHAM & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

W S Ingham & Son Limited is a private company limited by shares and incorporated in England.  Its registered office is The Haven, 11 Poplar Grove, Forest Town, Mansfield, Nottinghamshire, NG19 0HW.

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

Going concern

At the date of approving the financial statements, there is a degree of uncertainty about the economic impact of COVID-19.  The directors continue to monitor the situation carefully and believe that the company can continue at an appropriate level of activity and therefore continue to adopt the going concern basis.

 
2.3

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:

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.

 
2.4

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.

Page 3

 
W S INGHAM & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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 4

 
W S INGHAM & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Leasehold property
-
10% on a straight line basis
Plant and machinery
-
15% reducing balance basis
Motor vehicles
-
25% reducing balance basis
Fixtures, fittings and equipment
-
15% reducing balance basis or 3 years straight line basis

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.

  
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price. The impairment loss is recognised as an expense in the period in which it occurs.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2020 - 10).

Page 5

 
W S INGHAM & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Leasehold property improve-ments
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2021
675,505
69,951
503,805
156,223
1,405,484


Additions
-
5,473
-
4,981
10,454



At 31 December 2021

675,505
75,424
503,805
161,204
1,415,938



Depreciation


At 1 January 2021
502,340
51,965
226,659
117,207
898,171


Charge for the year on owned assets
67,536
3,519
69,287
6,696
147,038



At 31 December 2021

569,876
55,484
295,946
123,903
1,045,209



Net book value



At 31 December 2021
105,629
19,940
207,859
37,301
370,729



At 31 December 2020
173,165
17,986
277,145
39,017
507,313


5.


Debtors

2021
2020
£
£


Trade debtors
183
4,834

Other debtors
8
6,535

Prepayments and accrued income
8,938
4,923

9,129
16,292


Page 6

 
W S INGHAM & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
10,114
55,232

Corporation tax
24,228
29,411

Other taxation and social security
3,563
2,532

Other creditors
27,159
53,855

Accruals and deferred income
4,531
5,654

69,595
146,684



7.


Deferred taxation




2021


£






At beginning of year
(21,813)


Charged to profit or loss
12,211



At end of year
(9,602)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(9,602)
(21,813)

(9,602)
(21,813)


8.


Pension commitments

The company operates a defined contribution plan.  The assets of the scheme are held separately from those of the company in an independently administered fund.  At the balance sheet date there were no amounts outstanding.  (2020: £nil).

 
Page 7