Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falsecontinues to be that of the manufacture of architectural woodworking products.true2022-03-011113trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03794359 2022-03-01 2023-02-28 03794359 2021-03-01 2022-02-28 03794359 2023-02-28 03794359 2022-02-28 03794359 2021-03-01 03794359 c:Director1 2022-03-01 2023-02-28 03794359 d:Buildings d:ShortLeaseholdAssets 2022-03-01 2023-02-28 03794359 d:Buildings d:ShortLeaseholdAssets 2023-02-28 03794359 d:Buildings d:ShortLeaseholdAssets 2022-02-28 03794359 d:PlantMachinery 2022-03-01 2023-02-28 03794359 d:PlantMachinery 2023-02-28 03794359 d:PlantMachinery 2022-02-28 03794359 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03794359 d:MotorVehicles 2022-03-01 2023-02-28 03794359 d:MotorVehicles 2023-02-28 03794359 d:MotorVehicles 2022-02-28 03794359 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03794359 d:FurnitureFittings 2022-03-01 2023-02-28 03794359 d:FurnitureFittings 2023-02-28 03794359 d:FurnitureFittings 2022-02-28 03794359 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03794359 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 03794359 d:CurrentFinancialInstruments 2023-02-28 03794359 d:CurrentFinancialInstruments 2022-02-28 03794359 d:Non-currentFinancialInstruments 2023-02-28 03794359 d:Non-currentFinancialInstruments 2022-02-28 03794359 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 03794359 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 03794359 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 03794359 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 03794359 d:ShareCapital 2023-02-28 03794359 d:ShareCapital 2022-02-28 03794359 d:RetainedEarningsAccumulatedLosses 2023-02-28 03794359 d:RetainedEarningsAccumulatedLosses 2022-02-28 03794359 c:OrdinaryShareClass2 2022-03-01 2023-02-28 03794359 c:OrdinaryShareClass2 2023-02-28 03794359 c:OrdinaryShareClass2 2022-02-28 03794359 c:OrdinaryShareClass3 2022-03-01 2023-02-28 03794359 c:OrdinaryShareClass3 2023-02-28 03794359 c:OrdinaryShareClass3 2022-02-28 03794359 c:FRS102 2022-03-01 2023-02-28 03794359 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 03794359 c:FullAccounts 2022-03-01 2023-02-28 03794359 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 03794359 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 03794359 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 03794359 2 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03794359









C W ARCHITECTURAL INTERIORS LIMITED








FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
C W ARCHITECTURAL INTERIORS LIMITED
REGISTERED NUMBER: 03794359

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
35,792
43,131

  
35,792
43,131

Current assets
  

Stocks
  
118,368
88,650

Debtors: amounts falling due within one year
 5 
107,476
78,276

Cash at bank and in hand
  
63,154
6

  
288,998
166,932

Creditors: amounts falling due within one year
 6 
(256,794)
(163,296)

Net current assets
  
 
 
32,204
 
 
3,636

Total assets less current liabilities
  
67,996
46,767

Creditors: amounts falling due after more than one year
 7 
(24,053)
(34,307)

Provisions for liabilities
  

Deferred tax
 8 
(6,354)
(7,715)

  
 
 
(6,354)
 
 
(7,715)

Net assets
  
37,589
4,745


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
37,489
4,645

  
37,589
4,745


Page 1

 
C W ARCHITECTURAL INTERIORS LIMITED
REGISTERED NUMBER: 03794359
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

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 period 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 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 28 November 2023.




John Husselbee
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
C W ARCHITECTURAL INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

The company is registered in England and Wales. The company's registered office is Cope House 33 Cope Street, Springhill, Birmingham, England, B18 7BA. The principal activity of the company continues to be that of the manufacture of architectural woodworking products.

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.

 
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.

 
2.5

Interest income

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

Page 3

 
C W ARCHITECTURAL INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.8

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the period 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 reporting 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 reporting 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 reporting date.

Page 4

 
C W ARCHITECTURAL INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.10

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Straight line over the life of the lease
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
20% 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.

 
2.11

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 reporting 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.

 
2.12

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.

 
2.13

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.

 
2.14

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

 
C W ARCHITECTURAL INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.15

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 reporting 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 Statement of financial position.

 
2.16

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.

 
2.17

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 period was 11 (2022 - 13).

Page 6

 
C W ARCHITECTURAL INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 March 2022
50,718
147,399
31,250
27,354
256,721


Disposals
-
-
(5,900)
-
(5,900)



At 28 February 2023

50,718
147,399
25,350
27,354
250,821



Depreciation


At 1 March 2022
50,135
109,207
30,341
23,907
213,590


Charge for the period on owned assets
200
5,730
228
691
6,849


Disposals
-
-
(5,410)
-
(5,410)



At 28 February 2023

50,335
114,937
25,159
24,598
215,029



Net book value



At 28 February 2023
383
32,462
191
2,756
35,792



At 28 February 2022
583
38,192
909
3,447
43,131

Page 7

 
C W ARCHITECTURAL INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
68,878
49,479

Other debtors
22,233
11,078

Prepayments and accrued income
16,365
17,719

107,476
78,276



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
34,830

Bank loans
9,274
9,027

Trade creditors
137,910
72,875

Corporation tax
9,157
9,816

Other taxation and social security
36,675
8,884

Other creditors
49,697
15,319

Accruals and deferred income
14,081
12,545

256,794
163,296


The bank loans and overdrafts are secured by a charge over the assets of the company.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,053
34,307

24,053
34,307


The bank loans and overdrafts are secured by a charge over the assets of the company.

Page 8

 
C W ARCHITECTURAL INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

8.


Deferred taxation




2023
2022


£

£






At beginning of year
7,715
8,690


Charged to profit or loss
(1,361)
(975)



At end of year
6,354
7,715

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
6,354
7,715

6,354
7,715


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) 'A' Ordinary shares of £1.00 each
50
50
50 (2022 - 50) 'B' Ordinary shares of £1.00 each
50
50

100

100



10.


Controlling party

The controlling interest in the company is held by John Husselbee and Denise Husselbee.

 
Page 9