Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04193251 2022-04-01 2023-03-31 04193251 2021-04-01 2022-03-31 04193251 2023-03-31 04193251 2022-03-31 04193251 c:Director1 2022-04-01 2023-03-31 04193251 d:PlantMachinery 2022-04-01 2023-03-31 04193251 d:PlantMachinery 2023-03-31 04193251 d:PlantMachinery 2022-03-31 04193251 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04193251 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 04193251 d:MotorVehicles 2022-04-01 2023-03-31 04193251 d:MotorVehicles 2023-03-31 04193251 d:MotorVehicles 2022-03-31 04193251 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04193251 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 04193251 d:FurnitureFittings 2022-04-01 2023-03-31 04193251 d:FurnitureFittings 2023-03-31 04193251 d:FurnitureFittings 2022-03-31 04193251 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04193251 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 04193251 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04193251 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 04193251 d:CurrentFinancialInstruments 2023-03-31 04193251 d:CurrentFinancialInstruments 2022-03-31 04193251 d:Non-currentFinancialInstruments 2023-03-31 04193251 d:Non-currentFinancialInstruments 2022-03-31 04193251 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04193251 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04193251 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04193251 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04193251 d:ShareCapital 2023-03-31 04193251 d:ShareCapital 2022-03-31 04193251 d:RetainedEarningsAccumulatedLosses 2023-03-31 04193251 d:RetainedEarningsAccumulatedLosses 2022-03-31 04193251 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04193251 c:OrdinaryShareClass1 2023-03-31 04193251 c:OrdinaryShareClass1 2022-03-31 04193251 c:FRS102 2022-04-01 2023-03-31 04193251 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04193251 c:FullAccounts 2022-04-01 2023-03-31 04193251 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04193251 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 04193251 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 04193251 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 04193251 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 04193251 2 2022-04-01 2023-03-31 04193251 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 04193251 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 04193251 d:LeasedAssetsHeldAsLessee 2023-03-31 04193251 d:LeasedAssetsHeldAsLessee 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04193251










SIMON ROWE LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
SIMON ROWE LIMITED
REGISTERED NUMBER: 04193251

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,578
30,001

  
45,578
30,001

Current assets
  

Stocks
  
475
475

Debtors: amounts falling due within one year
 5 
29,868
19,561

Cash at bank and in hand
 6 
88,750
105,418

  
119,093
125,454

Creditors: amounts falling due within one year
 7 
(111,683)
(111,652)

Net current assets
  
 
 
7,410
 
 
13,802

Total assets less current liabilities
  
52,988
43,803

Creditors: amounts falling due after more than one year
 8 
(8,027)
(3,307)

  

Net assets
  
44,961
40,496


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
44,959
40,494

  
44,961
40,496


Page 1

 
SIMON ROWE LIMITED
REGISTERED NUMBER: 04193251
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 her 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 27 October 2023.




Mrs J E Rowe
Director

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

Page 2

 
SIMON ROWE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Simon Rowe Limited is a company domiciled in England and Wales, registration number 04193251. The registered office is Unit 1 Aston Leys, Haddenham Road, Kingsey, Aylesbury, Bucks, HP17 8LR.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SIMON ROWE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and equipment
-
20%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Fixtures and fittings
-
20%
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.

Page 4

 
SIMON ROWE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 3 (2022 - 3).

Page 5

 
SIMON ROWE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2022
25,750
47,470
23,693
96,913


Additions
-
29,918
-
29,918


Disposals
-
(20,425)
-
(20,425)



At 31 March 2023

25,750
56,963
23,693
106,406



Depreciation


At 1 April 2022
19,041
25,128
22,743
66,912


Charge for the year on owned assets
1,342
843
190
2,375


Charge for the year on financed assets
-
8,385
-
8,385


Disposals
-
(16,844)
-
(16,844)



At 31 March 2023

20,383
17,512
22,933
60,828



Net book value



At 31 March 2023
5,367
39,451
760
45,578



At 31 March 2022
6,709
22,342
950
30,001

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£


Motor vehicles
35,626
20,264

35,626
20,264

Page 6

 
SIMON ROWE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
28,417
18,792

Other debtors
649
-

Prepayments and accrued income
802
769

29,868
19,561



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
88,750
105,418

88,750
105,418



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
643
482

Other taxation and social security
11,117
13,305

Obligations under finance lease and hire purchase contracts
8,973
5,665

Other creditors
89,450
89,450

Accruals and deferred income
1,500
2,750

111,683
111,652



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
8,027
3,307

8,027
3,307


Page 7

 
SIMON ROWE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
8,973
5,665

Between 1-5 years
8,028
3,308

17,001
8,973


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 8