Caseware UK (AP4) 2022.0.179 2022.0.179 2022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10030543 2022-04-01 2023-03-31 10030543 2021-04-01 2022-03-31 10030543 2023-03-31 10030543 2022-03-31 10030543 c:Director2 2022-04-01 2023-03-31 10030543 d:Buildings 2022-04-01 2023-03-31 10030543 d:Buildings 2023-03-31 10030543 d:Buildings 2022-03-31 10030543 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10030543 d:PlantMachinery 2022-04-01 2023-03-31 10030543 d:PlantMachinery 2023-03-31 10030543 d:PlantMachinery 2022-03-31 10030543 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10030543 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10030543 d:CurrentFinancialInstruments 2023-03-31 10030543 d:CurrentFinancialInstruments 2022-03-31 10030543 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10030543 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10030543 d:ShareCapital 2023-03-31 10030543 d:ShareCapital 2022-03-31 10030543 d:RetainedEarningsAccumulatedLosses 2023-03-31 10030543 d:RetainedEarningsAccumulatedLosses 2022-03-31 10030543 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10030543 c:OrdinaryShareClass1 2023-03-31 10030543 c:OrdinaryShareClass1 2022-03-31 10030543 c:FRS102 2022-04-01 2023-03-31 10030543 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10030543 c:FullAccounts 2022-04-01 2023-03-31 10030543 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10030543










S W A Fieldsports Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
S W A Fieldsports Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of S W A Fieldsports 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 S W A Fieldsports 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 S W A Fieldsports Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of S W A Fieldsports Limited  and state those matters that we have agreed to state to the Board of Directors of S W A Fieldsports 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 S W A Fieldsports Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that S W A Fieldsports 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 S W A Fieldsports Limited. You consider that S W A Fieldsports 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 S W A Fieldsports 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
7 November 2023
Page 1

 
S W A Fieldsports Limited
Registered number: 10030543

Balance Sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
185,720
183,743

Current assets
  

Stocks
  
27,000
24,000

Cash at bank and in hand
  
5,537
2,923

  
32,537
26,923

Creditors: amounts falling due within one year
 5 
(91,054)
(107,111)

Net current liabilities
  
 
 
(58,517)
 
 
(80,188)

Total assets less current liabilities
  
127,203
103,555

  

Net assets
  
127,203
103,555


Capital and reserves
  

Called up share capital 
 6 
2
2

Profit and loss account
  
127,201
103,553

  
127,203
103,555


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.





S W Attwood
Director

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

Page 2

 
S W A Fieldsports Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

1.


General information

S W A Fieldsports Limited (formerly J F Attwood (Estates) Limited) is a private company limited by shares and is incorporated in England and Wales with the registration number 10030543. The address of the registered office, and trading address, is New Hook Farm Lower Road, Minster, Sheerness, Kent, England, ME12 3SU.

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:

Sale of goods

Revenue 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 revenue 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

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

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 balance sheet date in the countries where the Company operates and generates income.

Page 3

 
S W A Fieldsports 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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Land is not depreciated. Depreciation on other assets 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
-
25%
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.

 
2.5

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 balance sheet 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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Page 4

 
S W A Fieldsports Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


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

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2022
183,053
3,881
186,934


Additions
-
2,400
2,400



At 31 March 2023

183,053
6,281
189,334



Depreciation


At 1 April 2022
-
3,191
3,191


Charge for the year on owned assets
-
423
423



At 31 March 2023

-
3,614
3,614



Net book value



At 31 March 2023
183,053
2,667
185,720



At 31 March 2022
183,053
690
183,743

Page 5

 
S W A Fieldsports Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
48,147
36,243

Corporation tax
5,495
1,307

Other creditors
35,960
68,241

Accruals and deferred income
1,452
1,320

91,054
107,111



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



7.


Related party transactions

Included within other creditors due in one year are loans from the directors. At 31 March 2023 the company owed to S W Attwood £23,779 (2022: £42,085) and J F Attwood £10,365 (2022: £24,405), these amounts are repayable on demand. The directors agreed that no interest is to be charged on these balances. 


Page 6