Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31director's shareholder190855197600falsetrue2022-04-01was the manufacture of specialist bespoke lacquer and veneer furniture.98trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01141574 2022-04-01 2023-03-31 01141574 2021-04-01 2022-03-31 01141574 2023-03-31 01141574 2022-03-31 01141574 c:Director3 2022-04-01 2023-03-31 01141574 c:Director4 2022-04-01 2023-03-31 01141574 d:Buildings 2022-04-01 2023-03-31 01141574 d:Buildings 2023-03-31 01141574 d:Buildings 2022-03-31 01141574 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01141574 d:Buildings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 01141574 d:PlantMachinery 2022-04-01 2023-03-31 01141574 d:PlantMachinery 2023-03-31 01141574 d:PlantMachinery 2022-03-31 01141574 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01141574 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 01141574 d:MotorVehicles 2022-04-01 2023-03-31 01141574 d:MotorVehicles 2023-03-31 01141574 d:MotorVehicles 2022-03-31 01141574 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01141574 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 01141574 d:OfficeEquipment 2022-04-01 2023-03-31 01141574 d:OfficeEquipment 2023-03-31 01141574 d:OfficeEquipment 2022-03-31 01141574 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01141574 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 01141574 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 01141574 d:OtherPropertyPlantEquipment 2023-03-31 01141574 d:OtherPropertyPlantEquipment 2022-03-31 01141574 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01141574 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 01141574 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01141574 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 01141574 d:FreeholdInvestmentProperty 2023-03-31 01141574 d:FreeholdInvestmentProperty 2022-03-31 01141574 d:CurrentFinancialInstruments 2023-03-31 01141574 d:CurrentFinancialInstruments 2022-03-31 01141574 d:Non-currentFinancialInstruments 2023-03-31 01141574 d:Non-currentFinancialInstruments 2022-03-31 01141574 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01141574 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01141574 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01141574 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 01141574 d:ShareCapital 2023-03-31 01141574 d:ShareCapital 2022-03-31 01141574 d:RevaluationReserve 2023-03-31 01141574 d:RevaluationReserve 2022-03-31 01141574 d:InvestmentPropertiesRevaluationReserve 2023-03-31 01141574 d:InvestmentPropertiesRevaluationReserve 2022-03-31 01141574 d:RetainedEarningsAccumulatedLosses 2023-03-31 01141574 d:RetainedEarningsAccumulatedLosses 2022-03-31 01141574 c:OrdinaryShareClass1 2022-04-01 2023-03-31 01141574 c:OrdinaryShareClass1 2023-03-31 01141574 c:OrdinaryShareClass1 2022-03-31 01141574 c:OrdinaryShareClass2 2022-04-01 2023-03-31 01141574 c:OrdinaryShareClass2 2023-03-31 01141574 c:OrdinaryShareClass2 2022-03-31 01141574 c:OrdinaryShareClass3 2022-04-01 2023-03-31 01141574 c:OrdinaryShareClass3 2023-03-31 01141574 c:OrdinaryShareClass3 2022-03-31 01141574 c:OrdinaryShareClass4 2022-04-01 2023-03-31 01141574 c:OrdinaryShareClass4 2023-03-31 01141574 c:OrdinaryShareClass4 2022-03-31 01141574 c:FRS102 2022-04-01 2023-03-31 01141574 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01141574 c:FullAccounts 2022-04-01 2023-03-31 01141574 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01141574 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-04-01 2023-03-31 01141574 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 01141574 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-03-31 01141574 5 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01141574









H J CONTRACTS GENERAL WOODWORKERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 9


 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF H J CONTRACTS GENERAL WOODWORKERS LIMITED
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H J Contracts General Woodworkers Limited for the year ended 31 March 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of H J Contracts General Woodworkers Limited, as a body, in accordance with the terms of our engagement letter dated 28 April 2020Our work has been undertaken solely to prepare for your approval the financial statements of H J Contracts General Woodworkers Limited  and state those matters that we have agreed to state to the Board of Directors of H J Contracts General Woodworkers Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H J Contracts General Woodworkers Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that H J Contracts General Woodworkers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H J Contracts General Woodworkers Limited. You consider that H J Contracts General Woodworkers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of H J Contracts General Woodworkers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
31 October 2023
Page 1

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
REGISTERED NUMBER: 01141574

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
192,365
205,884

Investment property
 5 
95,000
95,000

  
287,365
300,884

Current assets
  

Stocks
  
21,171
32,253

Debtors: amounts falling due within one year
 6 
122,459
112,653

Cash at bank and in hand
  
17,795
11,575

  
161,425
156,481

Creditors: amounts falling due within one year
 7 
(403,529)
(407,168)

Net current liabilities
  
 
 
(242,104)
 
 
(250,687)

Total assets less current liabilities
  
45,261
50,197

Creditors: amounts falling due after more than one year
 8 
(2,019)
(6,628)

Provisions for liabilities
  

Deferred tax
  
(7,282)
(4,081)

  
 
 
(7,282)
 
 
(4,081)

Net assets
  
35,960
39,488


Capital and reserves
  

Called up share capital 
 9 
100
100

Revaluation reserve
  
26,690
27,903

Investment property reserve
  
8,003
8,003

Profit and loss account
  
1,167
3,482

  
35,960
39,488


Page 2

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
REGISTERED NUMBER: 01141574
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 comprehensive income 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 31 October 2023.




................................................
Mrs K J Drake
................................................
Mr P J Body
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales.  The address of its registered office and principal place of business is 43B Hardingham Road, Hingham, Norfolk, NR9 4LX.
The company's principal activity during the year was the manufacture of specialist bespoke lacquer and veneer furniture.

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

Going concern

COVID has caused disruption and uncertainty to the business over the last few years, however, the company was back in a profit situation in the current year accounts. The shareholders and directors have lent money to the company to assist with its cashflow over the last few years and continue to be committed to supporting the company.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of the manufacture of specialist bespoke lacquer and veneer furniture. Turnover is exclusive of value added tax and is recognised on an accruals basis. 
Turnover is recognised to the extent that it is probable that economic benefits will flow to the company and the turnover can be reliably measured. 

Page 4

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

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 and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant & machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
15%
reducing balance
Other fixed assets
-
5%
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.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at book value, previously restated at 31 March 1996 and the company will not update that valuation. 

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income. 

 
2.7

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost includes all cost of purchase and other costs incurred in bringing stock to its present location and condition. 

  
2.8

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.

Page 5

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

  
2.9

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.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date. 
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 

 
2.11

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 Comprehensive Income in the same period as the related expenditure.


 
2.12

Pensions

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. 


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 8).

Page 6

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Office equipment
Other fixed assets
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2022
246,536
178,358
16,995
16,394
43,956
502,239


Additions
-
225
-
-
-
225



At 31 March 2023

246,536
178,583
16,995
16,394
43,956
502,464



Depreciation


At 1 April 2022
106,190
153,093
7,436
13,705
15,931
296,355


Charge for the year on owned assets
4,930
3,823
-
403
2,198
11,354


Charge for the year on financed assets
-
-
2,390
-
-
2,390



At 31 March 2023

111,120
156,916
9,826
14,108
18,129
310,099



Net book value



At 31 March 2023
135,416
21,667
7,169
2,286
25,827
192,365



At 31 March 2022
140,346
25,265
9,559
2,689
28,025
205,884

Page 7

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
95,000



At 31 March 2023
95,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





6.


Debtors

2023
2022
£
£


Trade debtors
7,200
28,206

Other debtors
5,142
9,832

Prepayments and accrued income
110,117
74,615

122,459
112,653



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
10,442
16,129

Payments received on account
109,475
98,671

Trade creditors
24,756
32,068

Other taxation and social security
27,137
23,006

Obligations under finance lease and hire purchase contracts
4,609
4,277

Other creditors
217,568
223,638

Accruals and deferred income
9,542
9,379

403,529
407,168


Included within creditors: amounts falling due within one year are secured creditors of £186,624 (2022 -  £173,259).

Page 8

 
H J CONTRACTS GENERAL WOODWORKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
2,019
6,628

2,019
6,628


Included within creditors: amounts falling due after more than one year are secured creditors of £2,019 (2022 - £6,628).


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



46 (2022 - 46) Ordinary A shares of £1 each
46
46
44 (2022 - 44) Ordinary B shares of £1 each
44
44
5 (2022 - 5) Ordinary C shares of £1 each
5
5
5 (2022 - 5) Ordinary D shares of £1 each
5
5

100

100



10.


Pension commitments

Contributions totalling £880 (2022: £288) were payable to the fund at the balance sheet date and are included in creditors. 


11.


Transactions with directors

As at 31 March 2023 the balance on a director's loan accounts was £8,840 (2022: £28,617) in credit. The loans are interest free and repayable on demand.  The loans are included in other creditors note 7 to the accounts.
As at 31 March 2022 the balance on a director's loan account was £2,682 overdrawn. The company advanced £16,660 to the director and the director introduced funds to the company of £14,200. The balance on a director's loan account at 31 March 2023 was £5,142 overdrawn. Interest of £130 (2022: nil) has been charged on the overdrawn balances during the year at a rate of 2%. The loan is included in other debtors note 6 to the accounts and repayable on demand. 
        
As at 31 March 2023 the company owed a shareholder £182,015 (2022: £168,983). The loan is included in other creditors note 7 to the accounts. No interest has been paid on the loan and it is repayable on demand.

 
Page 9