Caseware UK (AP4) 2022.0.179 2022.0.179 1No description of principal activitytrue12022-04-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4904246 2022-04-01 2023-03-31 4904246 2021-04-01 2022-03-31 4904246 2023-03-31 4904246 2022-03-31 4904246 c:Director1 2022-04-01 2023-03-31 4904246 d:CurrentFinancialInstruments 2023-03-31 4904246 d:CurrentFinancialInstruments 2022-03-31 4904246 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 4904246 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 4904246 d:ShareCapital 2023-03-31 4904246 d:ShareCapital 2022-03-31 4904246 d:RevaluationReserve 2023-03-31 4904246 d:RevaluationReserve 2022-03-31 4904246 d:RetainedEarningsAccumulatedLosses 2023-03-31 4904246 d:RetainedEarningsAccumulatedLosses 2022-03-31 4904246 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 4904246 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 4904246 c:OrdinaryShareClass1 2022-04-01 2023-03-31 4904246 c:OrdinaryShareClass1 2023-03-31 4904246 c:OrdinaryShareClass1 2022-03-31 4904246 c:FRS102 2022-04-01 2023-03-31 4904246 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 4904246 c:FullAccounts 2022-04-01 2023-03-31 4904246 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 4904246 5 2022-04-01 2023-03-31 4904246 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 4904246









S M HARVEY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 March 2023

 
S M HARVEY LIMITED
Registered number: 4904246

BALANCE SHEET
As at 31 March 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Investments
 4 
536,743
534,544

  
536,743
534,544

CURRENT ASSETS
  

Stocks
  
402,100
422,100

Cash at bank and in hand
 5 
2,329
26,228

  
404,429
448,328

Creditors: amounts falling due within one year
 6 
(23,056)
(15,705)

NET CURRENT ASSETS
  
 
 
381,373
 
 
432,623

TOTAL ASSETS LESS CURRENT LIABILITIES
  
918,116
967,167

  

NET ASSETS
  
918,116
967,167


CAPITAL AND RESERVES
  

Called up share capital 
 8 
10
10

Revaluation reserve
  
(36,282)
(28,474)

Profit and loss account
  
954,388
995,631

  
918,116
967,167


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 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 by: 



S M Harvey
Director
Page 1

 
S M HARVEY LIMITED
Registered number: 4904246
    
BALANCE SHEET (CONTINUED)
As at 31 March 2023


Date: 17 July 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
S M HARVEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

1.


GENERAL INFORMATION

S M Harvey Limited is a limited liability company, incorporated in the United Kingdom. Its registered office is 8 Berwick Avenue, Coton Hill, Shrewsbury, Shropshire, SY1 2NT. The principal activity of the business is that of providing accountancy services and property rental.

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:

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.

 
2.3

TAXATION

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.

Page 3

 
S M HARVEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

REVALUATION OF TANGIBLE FIXED ASSETS

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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, loans to related parties and investments in ordinary shares.

Page 4

 
S M HARVEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.9
FINANCIAL INSTRUMENTS (continued)

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


FIXED ASSET INVESTMENTS





Other fixed asset investments

£



Cost or valuation


At 1 April 2022
534,544


Additions
10,007


Revaluations
(7,808)



At 31 March 2023
536,743




Page 5

 
S M HARVEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2023

5.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
2,329
26,228

2,329
26,228



6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Corporation tax
10,438
14,087

Other creditors
12,618
1,618

23,056
15,705



7.


FINANCIAL INSTRUMENTS

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,329
26,228




8.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £0.01 each
10
10


Page 6