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REGISTERED NUMBER: 00656455 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

W Cawthorne & Son Limited

W Cawthorne & Son Limited (Registered number: 00656455)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W Cawthorne & Son Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M J Cawthorne
M W Cawthorne
Mrs L Cawthorne
Miss H E Cawthorne
Mrs L J Claridge
W M Grigg





SECRETARY: M J Cawthorne





REGISTERED OFFICE: Corporation Street
Nuneaton
CV11 5AG





REGISTERED NUMBER: 00656455 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

W Cawthorne & Son Limited (Registered number: 00656455)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 84,037 101,103
Investments 6 2,200 2,200
86,237 103,303

CURRENT ASSETS
Stocks 55,278 89,378
Debtors 7 477,829 450,317
Cash at bank and in hand 210,741 214,483
743,848 754,178
CREDITORS
Amounts falling due within one year 8 334,832 344,427
NET CURRENT ASSETS 409,016 409,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

495,253

513,054

CREDITORS
Amounts falling due after more than one
year

9

(104,000

)

(152,000

)

PROVISIONS FOR LIABILITIES (10,133 ) (1,384 )
NET ASSETS 381,120 359,670

CAPITAL AND RESERVES
Called up share capital 45,252 45,252
Retained earnings 335,868 314,418
381,120 359,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

W Cawthorne & Son Limited (Registered number: 00656455)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





M J Cawthorne - Director


W Cawthorne & Son Limited (Registered number: 00656455)

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

1. STATUTORY INFORMATION

W Cawthorne & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 50% on cost, 33% on cost, 20% on cost, 15% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

W Cawthorne & Son Limited (Registered number: 00656455)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 25 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 108,947
AMORTISATION
At 1 April 2022
and 31 March 2023 108,947
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 5,059 278,474 117,352 400,885
Additions - 4,429 - 4,429
Disposals - - (16,500 ) (16,500 )
At 31 March 2023 5,059 282,903 100,852 388,814
DEPRECIATION
At 1 April 2022 5,059 224,730 69,993 299,782
Charge for year - 8,726 11,530 20,256
Eliminated on disposal - - (15,261 ) (15,261 )
At 31 March 2023 5,059 233,456 66,262 304,777
NET BOOK VALUE
At 31 March 2023 - 49,447 34,590 84,037
At 31 March 2022 - 53,744 47,359 101,103

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 2,200
NET BOOK VALUE
At 31 March 2023 2,200
At 31 March 2022 2,200

W Cawthorne & Son Limited (Registered number: 00656455)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 464,775 421,000
Other debtors 12,020 11,672
Directors' current accounts - 8,276
Prepayments 1,034 9,369
477,829 450,317

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 48,000 48,000
Trade creditors 243,496 269,121
Tax 48 8
Social security and other taxes 12,855 7,827
Pensions 1,848 1,833
Other creditors - 95
Directors' current accounts 296 -
Accrued expenses 28,289 17,543
334,832 344,427

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 48,000 48,000
Bank loans - 2-5 years 56,000 104,000
104,000 152,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 152,000 200,000

National Westminster Bank PLC holds fixed and floating charges over the undertaking and all property and assets present and future of the company.

11. PENSION COMMITMENTS

At the year end date there were pension commitments outstanding of £1,848 (2022- £1833).