Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30falseNo description of principal activity52022-07-015falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05834571 2022-07-01 2023-06-30 05834571 2021-07-01 2022-06-30 05834571 2023-06-30 05834571 2022-06-30 05834571 c:Director1 2022-07-01 2023-06-30 05834571 c:Director2 2022-07-01 2023-06-30 05834571 d:Buildings 2022-07-01 2023-06-30 05834571 d:Buildings 2023-06-30 05834571 d:Buildings 2022-06-30 05834571 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05834571 d:Buildings d:LongLeaseholdAssets 2022-07-01 2023-06-30 05834571 d:Buildings d:LongLeaseholdAssets 2023-06-30 05834571 d:Buildings d:LongLeaseholdAssets 2022-06-30 05834571 d:PlantMachinery 2022-07-01 2023-06-30 05834571 d:PlantMachinery 2023-06-30 05834571 d:PlantMachinery 2022-06-30 05834571 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05834571 d:OfficeEquipment 2022-07-01 2023-06-30 05834571 d:OfficeEquipment 2023-06-30 05834571 d:OfficeEquipment 2022-06-30 05834571 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05834571 d:ComputerEquipment 2022-07-01 2023-06-30 05834571 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 05834571 d:CurrentFinancialInstruments 2023-06-30 05834571 d:CurrentFinancialInstruments 2022-06-30 05834571 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05834571 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05834571 d:ShareCapital 2023-06-30 05834571 d:ShareCapital 2022-06-30 05834571 d:RetainedEarningsAccumulatedLosses 2023-06-30 05834571 d:RetainedEarningsAccumulatedLosses 2022-06-30 05834571 c:FRS102 2022-07-01 2023-06-30 05834571 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 05834571 c:FullAccounts 2022-07-01 2023-06-30 05834571 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05834571 d:WithinOneYear 2023-06-30 05834571 d:WithinOneYear 2022-06-30 05834571 6 2022-07-01 2023-06-30 05834571 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05834571 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 iso4217:GBP xbrli:pure
Registered number: 05834571















P.C.J.M.W. Ltd
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
P.C.J.M.W. LTD
REGISTERED NUMBER:05834571

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
566,258
531,021

Investments
 5 
1,050
1,050

  
567,308
532,071

Current assets
  

Stocks
  
257,524
276,086

Debtors: amounts falling due within one year
 6 
46,311
51,094

Cash at bank and in hand
 7 
476,079
479,629

  
779,914
806,809

Creditors: amounts falling due within one year
 8 
(57,281)
(58,420)

Net current assets
  
 
 
722,633
 
 
748,389

Total assets less current liabilities
  
1,289,941
1,280,460

Provisions for liabilities
  

Deferred tax
 10 
(49,246)
(53,295)

  
 
 
(49,246)
 
 
(53,295)

Net assets
  
1,240,695
1,227,165


Capital and reserves
  

Called up share capital 
  
1,348
1,348

Profit and loss account
  
1,239,347
1,225,817

  
1,240,695
1,227,165


Page 1

 
P.C.J.M.W. LTD
REGISTERED NUMBER:05834571
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 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 by: 




................................................
Mrs M K Loveday
................................................
P J Seal
Director
Director


Date: 5 March 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
P.C.J.M.W. LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

P.C.J.M.W. Limited is a company limited by shares incorporated in England and Wales, registration number 05834571. The registered office is Home Farm, Holt Road, Horsford, Norfolk, NR10 3AG.

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.

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The significant accounting policies applied in the preperation of these financial statements are set out below. These policies have been consistantly applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

Page 3

 
P.C.J.M.W. LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
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

Borrowing costs

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

 
2.5

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.

 
2.6

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 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

 
P.C.J.M.W. LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

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, as follows:.

Depreciation is provided on the following basis:

Freehold property
-
Nil
Plant & machinery
-
15-20% reducing balance
Office equipment
-
33.3% reducing balance
Property improvements
-
4% 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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving stocks.

 
2.10

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.

Page 5

 
P.C.J.M.W. LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
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.

Page 6

 
P.C.J.M.W. LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
5
5


4.


Tangible fixed assets





Freehold property
Property improvements
Plant & machinery
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
140,627
294,241
573,820
1,549
1,010,237


Additions
-
44,094
65,000
-
109,094


Disposals
-
-
(52,000)
-
(52,000)



At 30 June 2023

140,627
338,335
586,820
1,549
1,067,331



Depreciation


At 1 July 2022
-
114,244
363,639
1,333
479,216


Charge for the year on owned assets
-
12,064
47,239
71
59,374


Disposals
-
-
(37,517)
-
(37,517)



At 30 June 2023

-
126,308
373,361
1,404
501,073



Net book value



At 30 June 2023
140,627
212,027
213,459
145
566,258



At 30 June 2022
140,627
179,997
210,181
216
531,021

Page 7

 
P.C.J.M.W. LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2022
1,050



At 30 June 2023
1,050




Page 8

 
P.C.J.M.W. LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
34,235
25,822

Other debtors
2,606
9,106

Prepayments and accrued income
9,470
16,166

46,311
51,094



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
476,079
479,629

476,079
479,629





8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
679
679

Trade creditors
4,604
1,694

Corporation tax
3,094
326

Obligations under finance lease and hire purchase contracts
-
17,353

Other creditors
34,618
29,345

Accruals and deferred income
14,286
9,023

57,281
58,420



9.


Creditors: Amounts falling due after more than one year




Page 9

 
P.C.J.M.W. LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Deferred taxation




2023


£






At beginning of year
53,295


Charged to profit or loss
(4,049)



At end of year
49,246

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
49,246
53,295

49,246
53,295


11.


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 £6,151


12.


Commitments under operating leases

At 30 June 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
17,600
17,600

17,600
17,600


13.


Related party transactions

The company pays annual rent below market value of £100 to a director of the company.

 
Page 10