Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-08-011010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06266686 2022-08-01 2023-07-31 06266686 2021-08-01 2022-07-31 06266686 2023-07-31 06266686 2022-07-31 06266686 2021-08-01 06266686 c:Director1 2022-08-01 2023-07-31 06266686 d:Buildings 2022-08-01 2023-07-31 06266686 d:Buildings 2023-07-31 06266686 d:Buildings 2022-07-31 06266686 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06266686 d:Buildings d:LongLeaseholdAssets 2022-08-01 2023-07-31 06266686 d:OfficeEquipment 2022-08-01 2023-07-31 06266686 d:OtherPropertyPlantEquipment 2022-08-01 2023-07-31 06266686 d:OtherPropertyPlantEquipment 2023-07-31 06266686 d:OtherPropertyPlantEquipment 2022-07-31 06266686 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06266686 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06266686 d:CurrentFinancialInstruments 2023-07-31 06266686 d:CurrentFinancialInstruments 2022-07-31 06266686 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06266686 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 06266686 d:ShareCapital 2023-07-31 06266686 d:ShareCapital 2022-07-31 06266686 d:CapitalRedemptionReserve 2023-07-31 06266686 d:CapitalRedemptionReserve 2022-07-31 06266686 d:RetainedEarningsAccumulatedLosses 2023-07-31 06266686 d:RetainedEarningsAccumulatedLosses 2022-07-31 06266686 c:OrdinaryShareClass1 2022-08-01 2023-07-31 06266686 c:OrdinaryShareClass1 2023-07-31 06266686 c:OrdinaryShareClass1 2022-07-31 06266686 c:OrdinaryShareClass2 2022-08-01 2023-07-31 06266686 c:OrdinaryShareClass2 2023-07-31 06266686 c:OrdinaryShareClass2 2022-07-31 06266686 c:OrdinaryShareClass3 2022-08-01 2023-07-31 06266686 c:OrdinaryShareClass3 2023-07-31 06266686 c:OrdinaryShareClass3 2022-07-31 06266686 c:OrdinaryShareClass4 2022-08-01 2023-07-31 06266686 c:OrdinaryShareClass4 2023-07-31 06266686 c:OrdinaryShareClass4 2022-07-31 06266686 c:FRS102 2022-08-01 2023-07-31 06266686 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06266686 c:FullAccounts 2022-08-01 2023-07-31 06266686 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06266686 2 2022-08-01 2023-07-31 06266686 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 06266686 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 06266686 d:RetirementBenefitObligationsDeferredTax 2023-07-31 06266686 d:RetirementBenefitObligationsDeferredTax 2022-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06266686









HENSON CRISP LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
HENSON CRISP LIMITED
REGISTERED NUMBER: 06266686

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,935
14,939

Investments
 5 
2,000
2,000

Current assets
  
13,935
16,939

Debtors: amounts falling due within one year
 6 
21,662
9,210

Cash at bank and in hand
  
185,401
139,837

  
207,063
149,047

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(93,746)
(60,379)

Net current assets
  
 
 
113,317
 
 
88,668

Total assets less current liabilities
  
127,252
105,607

Provisions for liabilities
  

Deferred tax
 8 
-
(615)

Net assets
  
127,252
104,992


Capital and reserves
  

Called up share capital 
 9 
10,003
10,003

Capital redemption reserve
  
10,000
10,000

Profit and loss account
  
107,249
84,989

  
127,252
104,992


Page 1

 
HENSON CRISP LIMITED
REGISTERED NUMBER: 06266686

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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: 






Mr J Crisp
Director

Date: 14 November 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HENSON CRISP LIMITED
 

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

1.


General information

Henson Crisp Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor Bank House, The Lawns, 33 Thorpe Road, Peterborough, Cambridgeshire, PE3 6AB. This Company is not part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

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.

Page 3

 
HENSON CRISP LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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.

 
2.8

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 corporation 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.

Page 4

 
HENSON CRISP LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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.

Depreciation is provided on the following basis:

 Leasehold property improvements
-
33.33% straight line
Office equipment
-
25% reducing balance
Computer equipment
-
25% 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.

 
2.10

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.11

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.

 
2.12

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.

 
2.13

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 5

 
HENSON CRISP LIMITED
 

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

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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.

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

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.

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.

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.

Page 6

 
HENSON CRISP LIMITED
 

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

2.Accounting policies (continued)


2.15
Financial instruments (continued)

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.

 
2.16

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 10 (2022 - 10).

Page 7

 
HENSON CRISP LIMITED
 

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

4.


Tangible fixed assets





Freehold property
Other fixed assets
Total

£
£
£



Cost


At 1 August 2022
907
46,842
47,749


Additions
-
3,991
3,991



At 31 July 2023

907
50,833
51,740



Depreciation


At 1 August 2022
907
31,903
32,810


Charge for the year on owned assets
-
6,995
6,995



At 31 July 2023

907
38,898
39,805



Net book value



At 31 July 2023
-
11,935
11,935



At 31 July 2022
-
14,939
14,939


5.


Fixed asset investments





Investments in associates

£



Cost 


At 1 August 2022
2,000



At 31 July 2023
2,000




Page 8

 
HENSON CRISP LIMITED
 

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

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
10,156
-

Other debtors
-
1,831

Unpaid share capital
3
3

Prepayments
11,473
7,376

Deferred taxation
30
-

21,662
9,210



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
78,762
45,705

Other taxation and social security
8,218
8,937

Other creditors
2,045
1,715

Accruals
4,721
4,022

93,746
60,379



8.


Deferred taxation




2023
2022


£

£






At beginning of year
(615)
(356)


Charged to profit or loss
645
(259)



At end of year
30
(615)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(399)
(986)

Pension surplus
429
371

30
(615)

Page 9

 
HENSON CRISP LIMITED
 

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

9.


Share capital

2023
2022
£
£
Allotted, called up and partly paid



100,000 (2022 - 100,000) Ordinary A shares of £0.10 each
10,000
10,000
1 (2022 - 1) Ordinary B share of £1.00
1
1
1 (2022 - 1) Ordinary C share of £1.00
1
1
1 (2022 - 1) Ordinary D share of £1.00
1
1

10,003

10,003



Page 10