Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3152022-04-01falseNo description of principal activity6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05091001 2022-04-01 2023-03-31 05091001 2021-04-01 2022-03-31 05091001 2023-03-31 05091001 2022-03-31 05091001 c:Director1 2022-04-01 2023-03-31 05091001 d:PlantMachinery 2022-04-01 2023-03-31 05091001 d:PlantMachinery 2023-03-31 05091001 d:PlantMachinery 2022-03-31 05091001 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05091001 d:MotorVehicles 2022-04-01 2023-03-31 05091001 d:MotorVehicles 2023-03-31 05091001 d:MotorVehicles 2022-03-31 05091001 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05091001 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05091001 d:CurrentFinancialInstruments 2023-03-31 05091001 d:CurrentFinancialInstruments 2022-03-31 05091001 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05091001 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05091001 d:ShareCapital 2023-03-31 05091001 d:ShareCapital 2022-03-31 05091001 d:RetainedEarningsAccumulatedLosses 2023-03-31 05091001 d:RetainedEarningsAccumulatedLosses 2022-03-31 05091001 c:FRS102 2022-04-01 2023-03-31 05091001 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05091001 c:FullAccounts 2022-04-01 2023-03-31 05091001 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 05091001










CHRIS MAUDE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CHRIS MAUDE LIMITED
REGISTERED NUMBER: 05091001

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
69,583
49,604

  
69,583
49,604

Current assets
  

Stocks
 5 
11,138
16,366

Debtors: amounts falling due within one year
 6 
1,543
13,878

Cash at bank and in hand
 7 
351,185
285,022

  
363,866
315,266

Creditors: amounts falling due within one year
 8 
(44,014)
(64,321)

Net current assets
  
 
 
319,852
 
 
250,945

Total assets less current liabilities
  
389,435
300,549

  

Net assets
  
389,435
300,549


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
389,434
300,548

  
389,435
300,549


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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 10 November 2023.




C Maude
Director
Page 1

 
CHRIS MAUDE LIMITED
REGISTERED NUMBER: 05091001

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


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

Page 2

 
CHRIS MAUDE LIMITED
 

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

1.


General information

Chris Maude Limited is a private company, limited by shares, registered in England & Wales. The registered office is Harford House, Lower Harford, Naunton, Cheltenham. 

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 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:

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

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.

Page 3

 
CHRIS MAUDE LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 4

 
CHRIS MAUDE LIMITED
 

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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation 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%
Motor vehicles
-
25%

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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

 
CHRIS MAUDE LIMITED
 

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

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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 the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
6
5

Page 6

 
CHRIS MAUDE LIMITED
 

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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2022
20,305
102,190
122,495


Additions
-
51,928
51,928


Disposals
-
(28,995)
(28,995)



At 31 March 2023

20,305
125,123
145,428



Depreciation


At 1 April 2022
15,335
57,556
72,891


Charge for the year on owned assets
1,243
21,951
23,194


Disposals
-
(20,240)
(20,240)



At 31 March 2023

16,578
59,267
75,845



Net book value



At 31 March 2023
3,727
65,856
69,583



At 31 March 2022
4,970
44,634
49,604


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
11,138
16,366

11,138
16,366



6.


Debtors

2023
2022
£
£


Trade debtors
1,543
13,788

Deferred taxation
-
90

1,543
13,878


Page 7

 
CHRIS MAUDE LIMITED
 

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

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
351,186
285,023

351,186
285,023



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
865
108

Other taxation and social security
42,176
29,452

Other creditors
973
34,761

44,014
64,321



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,756 (2022 - £102,546) . 


Page 8