Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-304truefalseP2022-05-014trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02079929 2022-05-01 2023-04-30 02079929 2021-05-01 2022-04-30 02079929 2023-04-30 02079929 2022-04-30 02079929 c:Director2 2022-05-01 2023-04-30 02079929 d:CurrentFinancialInstruments 2023-04-30 02079929 d:CurrentFinancialInstruments 2022-04-30 02079929 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02079929 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 02079929 d:ShareCapital 2023-04-30 02079929 d:ShareCapital 2022-04-30 02079929 d:RetainedEarningsAccumulatedLosses 2023-04-30 02079929 d:RetainedEarningsAccumulatedLosses 2022-04-30 02079929 c:FRS102 2022-05-01 2023-04-30 02079929 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 02079929 c:FullAccounts 2022-05-01 2023-04-30 02079929 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 02079929 6 2022-05-01 2023-04-30 02079929 2 2023-04-30 02079929 2 2022-04-30 iso4217:GBP xbrli:pure

Registered number: 02079929










FENWICK ENGINEERING TECHNOLOGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
FENWICK ENGINEERING TECHNOLOGY LIMITED
REGISTERED NUMBER: 02079929

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
337,971
469,372

Current assets
  

Debtors: amounts falling due within one year
 5 
161,728
161,366

Cash at bank and in hand
  
319,321
177,266

  
481,049
338,632

Creditors: amounts falling due within one year
 6 
(297,149)
(299,387)

Net current assets
  
 
 
183,900
 
 
39,245

Provisions for liabilities
  

Deferred tax
  
(4,040)
(8,296)

Net assets
  
517,831
500,321


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
517,829
500,319

  
517,831
500,321


Page 1

 
FENWICK ENGINEERING TECHNOLOGY LIMITED
REGISTERED NUMBER: 02079929
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 on 7 November 2023.




L E C Fenwick
Director

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

Page 2

 
FENWICK ENGINEERING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Fenwick Engineering Technology Limited is a private company limited by shares, incorporated in England and Wales (registered number: 02079929). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. The principal activity of the Company throughout the year continued to be that of investment.

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 company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

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 Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price 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,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

Page 3

 
FENWICK ENGINEERING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 4

 
FENWICK ENGINEERING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2022
469,372


Disposals
(149,875)


Revaluations
18,474



At 30 April 2023

337,971






Net book value



At 30 April 2023
337,971



At 30 April 2022
469,372

Page 5

 
FENWICK ENGINEERING TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Debtors

2023
2022
£
£


Other debtors
161,728
161,366

161,728
161,366



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
9,302
10,559

Other creditors
286,056
287,203

Accruals and deferred income
1,791
1,625

297,149
299,387


 
Page 6