Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3122022-02-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07125108 2022-02-01 2023-01-31 07125108 2021-02-01 2022-01-31 07125108 2023-01-31 07125108 2022-01-31 07125108 c:CompanySecretary1 2022-02-01 2023-01-31 07125108 c:Director1 2022-02-01 2023-01-31 07125108 c:Director2 2022-02-01 2023-01-31 07125108 c:RegisteredOffice 2022-02-01 2023-01-31 07125108 d:OfficeEquipment 2022-02-01 2023-01-31 07125108 d:OtherPropertyPlantEquipment 2023-01-31 07125108 d:OtherPropertyPlantEquipment 2022-01-31 07125108 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07125108 d:CurrentFinancialInstruments 2023-01-31 07125108 d:CurrentFinancialInstruments 2022-01-31 07125108 d:Non-currentFinancialInstruments 2023-01-31 07125108 d:Non-currentFinancialInstruments 2022-01-31 07125108 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07125108 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 07125108 d:ShareCapital 2023-01-31 07125108 d:ShareCapital 2022-01-31 07125108 d:RetainedEarningsAccumulatedLosses 2023-01-31 07125108 d:RetainedEarningsAccumulatedLosses 2022-01-31 07125108 c:OrdinaryShareClass1 2022-02-01 2023-01-31 07125108 c:OrdinaryShareClass1 2023-01-31 07125108 c:OrdinaryShareClass1 2022-01-31 07125108 c:FRS102 2022-02-01 2023-01-31 07125108 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 07125108 c:FullAccounts 2022-02-01 2023-01-31 07125108 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07125108 2 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07125108










NORMAN GORMAN AND SONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
NORMAN GORMAN AND SONS LIMITED
 
 
COMPANY INFORMATION


Directors
D J Gorman 
B V Gorman 




Company secretary
M A Coward



Registered number
07125108



Registered office
6th Floor
2 London Wall Place

London

EC2Y 5AU




Accountants
MHA
Chartered Accountants

6th Floor

2 London Wall Place

London

EC2Y 5AU





 
NORMAN GORMAN AND SONS LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 
NORMAN GORMAN AND SONS LIMITED
REGISTERED NUMBER: 07125108

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
376
563

  
376
563

Current assets
  

Debtors: amounts falling due after more than one year
 5 
342,234
342,234

Debtors: amounts falling due within one year
 5 
40,675
72,923

Cash at bank and in hand
  
1,672,948
1,256,396

  
2,055,857
1,671,553

Creditors: amounts falling due within one year
 6 
(160,749)
(8,574)

Net current assets
  
 
 
1,895,108
 
 
1,662,979

Total assets less current liabilities
  
1,895,484
1,663,542

  

Net assets
  
1,895,484
1,663,542


Capital and reserves
  

Called up share capital 
 7 
1,000
1,000

Profit and loss account
  
1,894,484
1,662,542

  
1,895,484
1,663,542


Page 1

 
NORMAN GORMAN AND SONS LIMITED
REGISTERED NUMBER: 07125108
    
STATEMENT OF FINANCIAL POSITION (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 income and retained earnings 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: 


................................................
D J Gorman
Director
Date: 24 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NORMAN GORMAN AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Norman Gorman and Sons Limited is a private limited company registered in England and Wales. The company's registered office is at 6th Floor, 2 London Wall Place, London, EC2Y 5AU. The company's registered number is 07125108.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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 reporting date in the countries where the Company operates and generates income.

Page 3

 
NORMAN GORMAN AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
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 method.

Depreciation is provided on the following basis:

Office equipment
-
25% 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.

 
2.6

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.

 
2.7

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.

Page 4

 
NORMAN GORMAN AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
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.

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.

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 income and retained earnings.

 
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 2 (2022 - 2).

Page 5

 
NORMAN GORMAN AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost 


At 1 February 2022
4,642



At 31 January 2023

4,642



Depreciation


At 1 February 2022
4,079


Charge for the year on owned assets
187



At 31 January 2023

4,266



Net book value



At 31 January 2023
376



At 31 January 2022
563

Page 6

 
NORMAN GORMAN AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
342,234
342,234

342,234
342,234


2023
2022
£
£

Due within one year

Other debtors
32,931
58,727

Prepayments and accrued income
7,744
14,196

40,675
72,923



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
74,920
906

Other taxation and social security
82,655
4,128

Accruals and deferred income
3,174
3,540

160,749
8,574


Page 7

 
NORMAN GORMAN AND SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



8.


Transactions with directors

As at the year end, the directors owed the company £32,931 (2022: £58,727). The company charged interest on the loan of £262 (2022: £1,412) at an interest rate of 2%. The loan is fully repaid within 9 months after the year end.


9.


Related party transactions

Included in other debtors is a loan of £342,234 (2022: £342,234) due from Troperty Property Limited. The loan is interest free.
 

 
Page 8