Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31false2022-09-01No description of principal activity1917falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00289720 2022-09-01 2023-08-31 00289720 2021-09-01 2022-08-31 00289720 2023-08-31 00289720 2022-08-31 00289720 2021-09-01 00289720 c:Director2 2022-09-01 2023-08-31 00289720 c:Director4 2022-09-01 2023-08-31 00289720 d:Buildings 2022-09-01 2023-08-31 00289720 d:Buildings 2023-08-31 00289720 d:Buildings 2022-08-31 00289720 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00289720 d:PlantMachinery 2022-09-01 2023-08-31 00289720 d:PlantMachinery 2023-08-31 00289720 d:PlantMachinery 2022-08-31 00289720 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00289720 d:MotorVehicles 2022-09-01 2023-08-31 00289720 d:MotorVehicles 2023-08-31 00289720 d:MotorVehicles 2022-08-31 00289720 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00289720 d:FurnitureFittings 2022-09-01 2023-08-31 00289720 d:FurnitureFittings 2023-08-31 00289720 d:FurnitureFittings 2022-08-31 00289720 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00289720 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 00289720 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-08-31 00289720 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-08-31 00289720 d:CurrentFinancialInstruments 2023-08-31 00289720 d:CurrentFinancialInstruments 2022-08-31 00289720 d:Non-currentFinancialInstruments 2023-08-31 00289720 d:Non-currentFinancialInstruments 2022-08-31 00289720 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 00289720 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 00289720 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 00289720 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 00289720 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 00289720 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 00289720 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 00289720 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 00289720 d:ShareCapital 2023-08-31 00289720 d:ShareCapital 2022-08-31 00289720 d:CapitalRedemptionReserve 2023-08-31 00289720 d:CapitalRedemptionReserve 2022-08-31 00289720 d:RetainedEarningsAccumulatedLosses 2023-08-31 00289720 d:RetainedEarningsAccumulatedLosses 2022-08-31 00289720 c:FRS102 2022-09-01 2023-08-31 00289720 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 00289720 c:FullAccounts 2022-09-01 2023-08-31 00289720 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 00289720 d:WithinOneYear 2023-08-31 00289720 d:WithinOneYear 2022-08-31 00289720 d:BetweenOneFiveYears 2023-08-31 00289720 d:BetweenOneFiveYears 2022-08-31 00289720 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 00289720 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 00289720 d:RetirementBenefitObligationsDeferredTax 2023-08-31 00289720 d:RetirementBenefitObligationsDeferredTax 2022-08-31 00289720 d:OtherDeferredTax 2023-08-31 00289720 d:OtherDeferredTax 2022-08-31 00289720 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

00289720







CARR & WESTLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 AUGUST 2023
























CARR & WESTLEY LIMITED
REGISTERED NUMBER:00289720

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,475
4,075

Tangible assets
 5 
45,436
50,807

  
48,911
54,882

Current assets
  

Stocks
 6 
528,102
463,595

Debtors
 7 
35,733
40,839

Cash at bank and in hand
  
54,893
245,991

  
618,728
750,425

Creditors: amounts falling due within one year
 8 
(271,658)
(302,498)

Net current assets
  
 
 
347,070
 
 
447,927

Total assets less current liabilities
  
395,981
502,809

Creditors: amounts falling due after more than one year
 9 
(19,063)
(29,099)

Provisions for liabilities
  

Deferred tax
 11 
(2,803)
(4,711)

  
 
 
(2,803)
 
 
(4,711)

Net assets
  
374,115
468,999


Capital and reserves
  

Called up share capital 
  
9,935
9,935

Capital redemption reserve
  
65
65

Profit and loss account
  
364,115
458,999

  
374,115
468,999


Page 1

CARR & WESTLEY LIMITED
REGISTERED NUMBER:00289720
    
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 by  




A. W. Gorringe
J. A. Gorringe
Director
Director


Date: 16 February 2024

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

Page 2

CARR & WESTLEY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Carr & Westley Limited (the 'Company') is a private company limited by shares, domiciled and incorporated in England and Wales.
The address of its registered office and principal place of business is The Bourne Mill, Hadlow, Tonbridge, Kent, TN11 0EU.

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.

Monetary amounts in these financial statements are stated in sterling and rounded to the nearest whole £1.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised at the point the order is dispatched.

 
2.3

 Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 10 years.
All intangible fixed assets are amortised over their estimated useful life of 10 years.

 
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.

Page 3

CARR & WESTLEY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
15% reducing balance
Motor vehicles
-
33% straight line
Fixtures and fittings
-
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.

The freehold property is maintained to a high standard which, in the opinion of the directors, gives the property a residual value of no less that the historical cost. The situation is not predicted to change within the following 50 years and therefore freehold property is not depreciated.

 
2.5

Stocks

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

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads, and is based on a first in, first out basis.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.

Page 4

CARR & WESTLEY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.10

 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.
 
 
2.11

 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.

 
2.12

 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.

 
2.13

 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.

Page 5

CARR & WESTLEY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 17).


4.


Intangible assets




Trademarks

£



Cost


At 1 September 2022
6,000



At 31 August 2023

6,000



Amortisation


At 1 September 2022
1,925


Charge for the year
600



At 31 August 2023

2,525



Net book value



At 31 August 2023
3,475



At 31 August 2022
4,075



Page 6

CARR & WESTLEY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 September 2022
21,917
39,904
2,555
112,350
176,726


Additions
-
2,168
-
-
2,168


Disposals
-
-
(2,555)
-
(2,555)



At 31 August 2023

21,917
42,072
-
112,350
176,339



Depreciation


At 1 September 2022
-
22,054
2,555
101,310
125,919


Charge for the year on owned assets
-
2,936
-
4,603
7,539


Disposals
-
-
(2,555)
-
(2,555)



At 31 August 2023

-
24,990
-
105,913
130,903



Net book value



At 31 August 2023
21,917
17,082
-
6,437
45,436



At 31 August 2022
21,917
17,850
-
11,040
50,807


6.


Stocks

2023
2022
£
£

Raw materials and consumables
123,763
121,647

Finished goods and goods for resale
404,339
341,948

528,102
463,595



7.


Debtors: amounts falling due within one year

2023
2022
£
£



Trade debtors
259
-

Corporation tax
16,598
-

Prepayments and accrued income
18,876
40,839

35,733
40,839


Page 7

CARR & WESTLEY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
10,036
9,788

Trade creditors
127,739
159,425

Corporation tax
-
16,560

Other taxation and social security
43,046
45,943

Other creditors
90,837
70,782

271,658
302,498



9.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,063
29,099


The aggregate bank loan liability at the year-end amounted to £29,099 (2022: £38,886) and is 100% backed by the UK Government and is therefore not secured on the assets of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,036
9,788

Amounts falling due 1-2 years

Bank loans
10,289
10,035

Amounts falling due 2-5 years

Bank loans
8,774
19,063


29,099
38,886


Page 8

CARR & WESTLEY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

11.


Deferred taxation




2023
2022


£

£






At beginning of year
(4,711)
(5,967)


Charged to profit or loss
1,908
1,256



At end of year
(2,803)
(4,711)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,591)
(4,852)

Pension provision
222
141

Unused losses
566
-

(2,803)
(4,711)


12.


Commitments under operating leases

At 31 August 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
28,752
27,752

Later than 1 year and not later than 5 years
25,585
54,337

54,337
82,089

 
Page 9