Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-09-01falseNo description of principal activity1617truetrue 05462390 2022-09-01 2023-08-31 05462390 2021-09-01 2022-08-31 05462390 2023-08-31 05462390 2022-08-31 05462390 2021-09-01 05462390 c:Director2 2022-09-01 2023-08-31 05462390 d:Buildings 2022-09-01 2023-08-31 05462390 d:Buildings 2023-08-31 05462390 d:Buildings 2022-08-31 05462390 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05462390 d:PlantMachinery 2022-09-01 2023-08-31 05462390 d:PlantMachinery 2023-08-31 05462390 d:PlantMachinery 2022-08-31 05462390 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05462390 d:MotorVehicles 2022-09-01 2023-08-31 05462390 d:FurnitureFittings 2022-09-01 2023-08-31 05462390 d:FurnitureFittings 2023-08-31 05462390 d:FurnitureFittings 2022-08-31 05462390 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05462390 d:OfficeEquipment 2022-09-01 2023-08-31 05462390 d:OfficeEquipment 2023-08-31 05462390 d:OfficeEquipment 2022-08-31 05462390 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05462390 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05462390 d:CurrentFinancialInstruments 2023-08-31 05462390 d:CurrentFinancialInstruments 2022-08-31 05462390 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 05462390 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 05462390 d:ShareCapital 2023-08-31 05462390 d:ShareCapital 2022-08-31 05462390 d:RetainedEarningsAccumulatedLosses 2023-08-31 05462390 d:RetainedEarningsAccumulatedLosses 2022-08-31 05462390 c:FRS102 2022-09-01 2023-08-31 05462390 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 05462390 c:FullAccounts 2022-09-01 2023-08-31 05462390 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05462390 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 05462390 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 05462390 2 2022-09-01 2023-08-31 05462390 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 05462390










DAVID NORRIS ANALYTICAL LABORATORIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
REGISTERED NUMBER: 05462390

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
893,145
981,378

  
893,145
981,378

Current assets
  

Stocks
  
8,050
7,800

Debtors: amounts falling due within one year
 5 
190,078
227,400

Cash at bank and in hand
 6 
835,433
600,153

  
1,033,561
835,353

Creditors: amounts falling due within one year
 7 
(235,704)
(249,958)

Net current assets
  
 
 
797,857
 
 
585,395

Total assets less current liabilities
  
1,691,002
1,566,773

Provisions for liabilities
  

Deferred tax
 8 
(28,600)
(34,700)

  
 
 
(28,600)
 
 
(34,700)

Net assets
  
1,662,402
1,532,073


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,661,402
1,531,073

  
1,662,402
1,532,073


Page 1

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
REGISTERED NUMBER: 05462390

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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 1 February 2024.



K L Norris
Director

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

Page 2

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
 

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

1.


General information

David Norris Analytical Laboratories Limited is a private limited company, incorporated in England & Wales. Its registered office is Unit 14, Swan Business Park, Sandpit Road, Dartford, Kent DA1 5ED.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
 

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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
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.

Page 4

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
 

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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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 5

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
 

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

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line / reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Plant & machinery
-
25%
Straight line
Motor vehicles
-
25%
Reducing balance
Fixtures & fittings
-
25%
Reducing balance
Office equipment
-
25%
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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 6

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
 

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

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

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 year was 16 (2022 - 17).


4.


Tangible fixed assets





Freehold property
Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2022
972,781
1,211,174
30,535
31,927
2,246,417


Additions
-
15,000
-
10,379
25,379



At 31 August 2023

972,781
1,226,174
30,535
42,306
2,271,796



Depreciation


At 1 September 2022
180,387
1,038,864
24,566
21,222
1,265,039


Charge for the year on owned assets
19,456
84,900
1,492
7,764
113,612



At 31 August 2023

199,843
1,123,764
26,058
28,986
1,378,651



Net book value



At 31 August 2023
772,938
102,410
4,477
13,320
893,145



At 31 August 2022
792,394
172,310
5,969
10,705
981,378

Page 7

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
 

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

5.


Debtors

2023
2022
£
£


Trade debtors
183,838
218,712

Prepayments and accrued income
6,240
8,688

190,078
227,400



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
835,433
600,153



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,262
8,520

Corporation tax
207,054
202,159

Other taxation and social security
21,096
28,863

Other creditors
1,392
1,936

Accruals and deferred income
4,900
8,480

235,704
249,958



8.


Deferred taxation




2023
2022


£

£






At beginning of year
(34,700)
(27,000)


Charged to profit or loss
6,100
(7,700)



At end of year
(28,600)
(34,700)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(28,600)
(34,700)

(28,600)
(34,700)

Page 8

 
DAVID NORRIS ANALYTICAL LABORATORIES LIMITED
 

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

9.


Pension commitments

The Company operates defined contributions pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £137,127 (2022 - £96,274). There were contributions payable to the funds of £Nil (2022 - £Nil) at the balance sheet date.


10.


Controlling party

The company is controlled by the directors.


Page 9