Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true2022-02-01falseNo description of principal activity1616trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC372103 2022-02-01 2023-01-31 SC372103 2021-02-01 2022-01-31 SC372103 2023-01-31 SC372103 2022-01-31 SC372103 c:CompanySecretary1 2022-02-01 2023-01-31 SC372103 c:Director1 2022-02-01 2023-01-31 SC372103 c:RegisteredOffice 2022-02-01 2023-01-31 SC372103 d:PlantMachinery 2022-02-01 2023-01-31 SC372103 d:PlantMachinery 2023-01-31 SC372103 d:PlantMachinery 2022-01-31 SC372103 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 SC372103 d:MotorVehicles 2022-02-01 2023-01-31 SC372103 d:MotorVehicles 2023-01-31 SC372103 d:MotorVehicles 2022-01-31 SC372103 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 SC372103 d:OfficeEquipment 2022-02-01 2023-01-31 SC372103 d:OfficeEquipment 2023-01-31 SC372103 d:OfficeEquipment 2022-01-31 SC372103 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 SC372103 d:OtherPropertyPlantEquipment 2022-02-01 2023-01-31 SC372103 d:OtherPropertyPlantEquipment 2023-01-31 SC372103 d:OtherPropertyPlantEquipment 2022-01-31 SC372103 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 SC372103 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 SC372103 d:CurrentFinancialInstruments 2023-01-31 SC372103 d:CurrentFinancialInstruments 2022-01-31 SC372103 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC372103 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 SC372103 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 SC372103 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 SC372103 d:ShareCapital 2023-01-31 SC372103 d:ShareCapital 2022-01-31 SC372103 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC372103 d:RetainedEarningsAccumulatedLosses 2022-01-31 SC372103 c:OrdinaryShareClass1 2022-02-01 2023-01-31 SC372103 c:OrdinaryShareClass1 2023-01-31 SC372103 c:OrdinaryShareClass1 2022-01-31 SC372103 c:FRS102 2022-02-01 2023-01-31 SC372103 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 SC372103 c:FullAccounts 2022-02-01 2023-01-31 SC372103 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 SC372103 6 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC372103










C C POWELL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

 
C C POWELL LIMITED
 

COMPANY INFORMATION


DIRECTOR
C R Powell 




COMPANY SECRETARY
Mrs C Powell



REGISTERED NUMBER
SC372103



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants LLP

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
C C POWELL LIMITED
REGISTERED NUMBER: SC372103

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
                                        
£
£

FIXED ASSETS
  

Tangible assets
 4 
766,674
679,286

Investments
  
125,565
133,434

  
892,239
812,720

CURRENT ASSETS
  

Stocks
  
1,469,571
1,380,243

Debtors: amounts falling due within one year
 5 
466,819
626,471

Cash at bank and in hand
  
14,272
32,328

  
1,950,662
2,039,042

Creditors: amounts falling due within one year
 6 
(1,047,614)
(1,183,993)

NET CURRENT ASSETS
  
 
 
903,048
 
 
855,049

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,795,287
1,667,769

Creditors: amounts falling due after more than one year
  
(236,895)
(208,809)

PROVISIONS FOR LIABILITIES
  

Deferred Taxation
  
(145,668)
(129,064)

  
 
 
(145,668)
 
 
(129,064)

NET ASSETS
  
1,412,724
1,329,896


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,412,624
1,329,796

  
1,412,724
1,329,896


Page 1

 
C C POWELL LIMITED
REGISTERED NUMBER: SC372103

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

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 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 on 12 October 2023.





C R Powell
Director

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

Page 2

 
C C POWELL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


GENERAL INFORMATION

C C Powell Limited is a private limited company, limited by shares, domiciled in Scotland, registered number SC372103. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ and the principle place of business is Montbletton, Banff, Aberdeenshire AB45 3QJ.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Rendering of services

Turnover 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 turnover 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.

Page 3

 
C C POWELL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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 Statement of Income and Retained Earnings in the same period as the related expenditure.

 
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 reporting 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 reporting 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 reporting 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.

Page 4

 
C C POWELL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.5
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 and machinery
-
12.5% Reducing balance
Motor vehicles
-
25.0% Reducing balance
Office equipment
-
12.5% Reducing balance
Biomass boiler
-
12.5% Reducing balance

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

VALUATION OF INVESTMENTS

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

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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 reporting 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.

 
2.8

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 16 (2022 - 16).

Page 5

 
C C POWELL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


TANGIBLE FIXED ASSETS





Plant & machinery
Motor vehicles
Office equipment
Biomass boiler
Total

£
£
£
£
£



COST OR VALUATION


At 1 February 2022
682,095
164,098
20,491
263,954
1,130,638


Additions
184,575
26,285
-
-
210,860


Disposals
-
-
(3,550)
-
(3,550)



At 31 January 2023

866,670
190,383
16,941
263,954
1,337,948



DEPRECIATION


At 1 February 2022
197,267
114,510
11,005
128,570
451,352


Charge for the year on owned assets
83,676
18,969
798
16,923
120,366


Disposals
-
-
(444)
-
(444)



At 31 January 2023

280,943
133,479
11,359
145,493
571,274



NET BOOK VALUE



At 31 January 2023
585,727
56,904
5,582
118,461
766,674



At 31 January 2022
484,828
49,588
9,486
135,384
679,286

Page 6

 
C C POWELL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


DEBTORS

2023
2022
£
£


Trade debtors
446,387
618,263

Other debtors
20,432
8,208

466,819
626,471



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank overdrafts
294,054
321,689

Other loans
19,045
18,730

Trade creditors
601,102
755,341

Obligations under finance lease and hire purchase contracts
133,413
88,233

1,047,614
1,183,993


Hire purchase liabilities are secured over the assets to which they relate.


7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 7