Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01371307 2022-02-01 2023-01-31 01371307 2021-02-01 2022-01-31 01371307 2023-01-31 01371307 2022-01-31 01371307 2021-02-01 01371307 1 2021-02-01 2022-01-31 01371307 d:Director1 2022-02-01 2023-01-31 01371307 d:Director3 2022-02-01 2023-01-31 01371307 d:RegisteredOffice 2022-02-01 2023-01-31 01371307 e:Buildings 2022-02-01 2023-01-31 01371307 e:Buildings 2023-01-31 01371307 e:Buildings 2022-01-31 01371307 e:Buildings e:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 01371307 e:OfficeEquipment 2022-02-01 2023-01-31 01371307 e:OfficeEquipment 2023-01-31 01371307 e:OfficeEquipment 2022-01-31 01371307 e:OfficeEquipment e:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 01371307 e:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 01371307 e:OtherPropertyPlantEquipment 2023-01-31 01371307 e:OtherPropertyPlantEquipment 2022-01-31 01371307 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 01371307 e:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 01371307 e:CurrentFinancialInstruments 2023-01-31 01371307 e:CurrentFinancialInstruments 2022-01-31 01371307 e:CurrentFinancialInstruments e:WithinOneYear 2023-01-31 01371307 e:CurrentFinancialInstruments e:WithinOneYear 2022-01-31 01371307 e:ShareCapital 2022-02-01 2023-01-31 01371307 e:ShareCapital 2023-01-31 01371307 e:ShareCapital 2021-02-01 2022-01-31 01371307 e:ShareCapital 2022-01-31 01371307 e:ShareCapital 2021-02-01 01371307 e:RevaluationReserve 2022-02-01 2023-01-31 01371307 e:RevaluationReserve 2023-01-31 01371307 e:RevaluationReserve 2021-02-01 2022-01-31 01371307 e:RevaluationReserve 2022-01-31 01371307 e:RevaluationReserve 2021-02-01 01371307 e:RevaluationReserve 8 2021-02-01 2022-01-31 01371307 e:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 01371307 e:RetainedEarningsAccumulatedLosses 2023-01-31 01371307 e:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 01371307 e:RetainedEarningsAccumulatedLosses 2022-01-31 01371307 e:RetainedEarningsAccumulatedLosses 2021-02-01 01371307 e:RetainedEarningsAccumulatedLosses 1 2021-02-01 2022-01-31 01371307 d:OrdinaryShareClass1 2022-02-01 2023-01-31 01371307 d:OrdinaryShareClass1 2023-01-31 01371307 d:OrdinaryShareClass1 2022-01-31 01371307 d:OrdinaryShareClass2 2022-02-01 2023-01-31 01371307 d:OrdinaryShareClass2 2023-01-31 01371307 d:OrdinaryShareClass2 2022-01-31 01371307 d:OrdinaryShareClass3 2022-02-01 2023-01-31 01371307 d:OrdinaryShareClass3 2023-01-31 01371307 d:OrdinaryShareClass3 2022-01-31 01371307 d:FRS102 2022-02-01 2023-01-31 01371307 d:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 01371307 d:FullAccounts 2022-02-01 2023-01-31 01371307 d:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 01371307 5 2022-02-01 2023-01-31 01371307 e:AcceleratedTaxDepreciationDeferredTax 2023-01-31 01371307 e:AcceleratedTaxDepreciationDeferredTax 2022-01-31 01371307 e:TaxLossesCarry-forwardsDeferredTax 2023-01-31 01371307 e:TaxLossesCarry-forwardsDeferredTax 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01371307









HOWARTH WINTERBROOK (SALES) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
COMPANY INFORMATION


Directors
V D Woodgate 
O Woodgate 




Registered number
01371307



Registered office
18a/20 King Street

Maidenhead

Berkshire

SL6 1EF




Trading Address
Key Building
Eastlands Industrial Estate

Leiston

Suffolk

IP16 4LL






Accountants
Donald Reid Limited
Chartered Accountants

Prince Albert House

20 King Street

Maidenhead

Berkshire

SL6 1DT





 
HOWARTH WINTERBROOK (SALES) LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 12


 
HOWARTH WINTERBROOK (SALES) LIMITED
REGISTERED NUMBER: 01371307

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
772,466
786,782

  
772,466
786,782

Current assets
  

Debtors: amounts falling due within one year
 5 
226,964
87,339

Cash at bank and in hand
 6 
13,156
32,167

  
240,120
119,506

Creditors: amounts falling due within one year
 7 
(160,094)
(64,166)

Net current assets
  
 
 
80,026
 
 
55,340

Total assets less current liabilities
  
852,492
842,122

Provisions for liabilities
  

Deferred tax
 8 
(82,391)
(83,524)

  
 
 
(82,391)
 
 
(83,524)

Net assets
  
770,101
758,598


Capital and reserves
  

Called up share capital 
 9 
900
900

Revaluation reserve
  
617,652
622,147

Profit and loss account
  
151,549
135,551

  
770,101
758,598


Page 1

 
HOWARTH WINTERBROOK (SALES) LIMITED
REGISTERED NUMBER: 01371307
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

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 17 October 2023.




V D Woodgate
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
HOWARTH WINTERBROOK (SALES) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 February 2021
900
644,829
177,854
823,583


Comprehensive income for the year

Profit for the year

-
-
33,202
33,202

Deferred tax on property revaluation
-
(18,187)
-
(18,187)


Other comprehensive income for the year
-
(18,187)
-
(18,187)


Total comprehensive income for the year
-
(18,187)
33,202
15,015


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(80,000)
(80,000)

Transfer to/from profit and loss account
-
(4,495)
4,495
-


Total transactions with owners
-
(4,495)
(75,505)
(80,000)



At 1 February 2022
900
622,147
135,551
758,598


Comprehensive income for the year

Profit for the year

-
-
11,503
11,503


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
11,503
11,503

Transfer to/from profit and loss account
-
(4,495)
4,495
-


Total transactions with owners
-
(4,495)
4,495
-


At 31 January 2023
900
617,652
151,549
770,101


The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Howarth Winterbrook (Sales) Limited is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registration number is 01371307. The registered office for Howarth Winterbrook (Sales) Limited is 18a/20 King Street, Maidenhead, Berkshire, SL6 1EF. The trading address for the company is Key Building, Eastlands Industrial Estate, Leiston, Suffolk, IP16 4LL.

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.

 
2.3

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.

Page 4

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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 straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Office equipment
-
At 10% on the reducing balance and 33.33% on cost
Other fixed assets
-
10% 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.

Page 5

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial
Page 6

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Page 7

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

 
2.12

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 2 (2022 - 3).

Page 8

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Freehold property
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 February 2022
791,391
52,141
69,747
913,279



At 31 January 2023

791,391
52,141
69,747
913,279



Depreciation


At 1 February 2022
18,993
51,131
56,373
126,497


Charge for the year on owned assets
6,331
1,010
6,975
14,316



At 31 January 2023

25,324
52,141
63,348
140,813



Net book value



At 31 January 2023
766,067
-
6,399
772,466



At 31 January 2022
772,398
1,010
13,374
786,782

Cost or valuation at 31 January 2023 is as follows:

Land and buildings
£


At cost
448,808
At valuation:

31 January 2023
342,583



791,391

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2023
2022
£
£



Cost
448,808
448,808

Accumulated depreciation
(50,400)
(44,800)

Net book value
398,408
404,008

Page 9

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
156,129
81,781

Amounts owed by associates
68,897
-

Other debtors
1,938
5,558

226,964
87,339



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
13,156
32,167

13,156
32,167



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
128,763
1,169

Corporation tax
6,378
10,825

Other taxation and social security
152
1,743

Other creditors
18,601
45,515

Accruals and deferred income
6,200
4,914

160,094
64,166


Page 10

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Deferred taxation




2023


£






At beginning of year
(83,524)


Charged to profit or loss
1,133



At end of year
(82,391)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,600)
(2,733)

Deferred tax on revalued property
(80,791)
(80,791)

(82,391)
(83,524)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



450 (2022 - 450) A shares of £1.00 each
450
450
90 (2022 - 90) B shares of £1.00 each
90
90
360 (2022 - 360) C shares of £1.00 each
360
360

900

900



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £121 (2022: £943). There were no outstanding monies due at either the current or prior period end date.


11.


Transactions with directors

During the year the directors received advances totalling £8,689 (2022: £99,595). Repayments totalling £5,000 (2022: £167,887) were made during the year. Interest was charged at the official rate on the overdrawn loan accounts. 

Page 11

 
HOWARTH WINTERBROOK (SALES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

12.


Related party transactions

At the year end, included in other debtors, is the amount of £1,441 (2022: £NIL) owed from company by directors. Included in other creditors, is the amount of £NIL (2022: £2,248) owed to company directors.

 
Page 12