Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-3192022-08-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10278007 2022-08-01 2023-07-31 10278007 2021-08-01 2022-07-31 10278007 2023-07-31 10278007 2022-07-31 10278007 c:Director1 2022-08-01 2023-07-31 10278007 d:FurnitureFittings 2022-08-01 2023-07-31 10278007 d:FurnitureFittings 2023-07-31 10278007 d:FurnitureFittings 2022-07-31 10278007 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10278007 d:OfficeEquipment 2022-08-01 2023-07-31 10278007 d:OfficeEquipment 2023-07-31 10278007 d:OfficeEquipment 2022-07-31 10278007 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10278007 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10278007 d:CurrentFinancialInstruments 2023-07-31 10278007 d:CurrentFinancialInstruments 2022-07-31 10278007 d:Non-currentFinancialInstruments 2023-07-31 10278007 d:Non-currentFinancialInstruments 2022-07-31 10278007 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10278007 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 10278007 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 10278007 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 10278007 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 10278007 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 10278007 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 10278007 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 10278007 d:ShareCapital 2023-07-31 10278007 d:ShareCapital 2022-07-31 10278007 d:RetainedEarningsAccumulatedLosses 2023-07-31 10278007 d:RetainedEarningsAccumulatedLosses 2022-07-31 10278007 c:OrdinaryShareClass1 2022-08-01 2023-07-31 10278007 c:OrdinaryShareClass1 2023-07-31 10278007 c:OrdinaryShareClass1 2022-07-31 10278007 c:OrdinaryShareClass2 2022-08-01 2023-07-31 10278007 c:OrdinaryShareClass2 2023-07-31 10278007 c:OrdinaryShareClass2 2022-07-31 10278007 c:OrdinaryShareClass3 2022-08-01 2023-07-31 10278007 c:OrdinaryShareClass3 2023-07-31 10278007 c:OrdinaryShareClass3 2022-07-31 10278007 c:FRS102 2022-08-01 2023-07-31 10278007 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10278007 c:FullAccounts 2022-08-01 2023-07-31 10278007 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10278007 2 2022-08-01 2023-07-31 10278007 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10278007









DAWSON RADFORD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
DAWSON RADFORD LIMITED
REGISTERED NUMBER: 10278007

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
10,947
16,954

  
10,947
16,954

Current assets
  

Debtors: amounts falling due within one year
 6 
135,955
128,824

Cash at bank and in hand
 7 
7,335
13,227

  
143,290
142,051

Creditors: amounts falling due within one year
 8 
(105,316)
(97,342)

Net current assets
  
 
 
37,974
 
 
44,709

Total assets less current liabilities
  
48,921
61,663

Creditors: amounts falling due after more than one year
 9 
(20,046)
(29,325)

Provisions for liabilities
  

Deferred tax
  
(2,380)
(2,902)

Net assets
  
26,495
29,436


Capital and reserves
  

Called up share capital 
 11 
10
10

Profit and loss account
  
26,485
29,426

  
26,495
29,436


Page 1

 
DAWSON RADFORD LIMITED
REGISTERED NUMBER: 10278007
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 comprehensive income 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 February 2024.




J L Dawson
Director

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

Page 2

 
DAWSON RADFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration number: 10278007).  The address of the registered office is 26 Napier Court, Gander Lane, Barlborough Chesterfield, S43 4PZ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the date of approving the financial statements, there remains a degree of uncertainty surrounding the full economic impact of the current geopolitical environment and the cost of living.  The directors continue to monitor the situation carefully but believe that the company will be able to continue at its current level of activity. The financial statements have therefore been prepared on the going concern basis. 

 
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:

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

Government grants

Grants of a revenue nature are recognised in the Statement of comprehensive income upon receipt.

 
2.5

Interest income

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

Page 3

 
DAWSON RADFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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 year in which they are incurred.

 
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 4

 
DAWSON RADFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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 method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
straight line basis
Office equipment
-
33%
straight line basis

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

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.

 
2.11

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.

Page 5

 
DAWSON RADFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
DAWSON RADFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.16

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

2023
£

Wages and salaries
256,222

Cost of defined contribution scheme
7,628

263,850


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


        2023
        2022
            No.
            No.







Directors
3
1



Staff
8
8

11
9


4.


Dividends

2023
2022
£
£


Ordinary
40,000
50,600

40,000
50,600

Page 7

 
DAWSON RADFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
16,519
18,839
35,358


Additions
270
1,379
1,649



At 31 July 2023

16,789
20,218
37,007



Depreciation


At 1 August 2022
6,515
11,889
18,404


Charge for the year on owned assets
2,518
5,138
7,656



At 31 July 2023

9,033
17,027
26,060



Net book value



At 31 July 2023
7,756
3,191
10,947



At 31 July 2022
10,004
6,950
16,954

Page 8

 
DAWSON RADFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
75,324
65,616

Other debtors
13,020
11,304

Prepayments and accrued income
47,611
51,904

135,955
128,824


Included within other debtors due within one year is a loan to a director, amounting to £10,209 (2022 - £8,773).   The main conditions were as follows:  The loan is interest free and repayable on demand.




7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,335
13,227

7,335
13,227



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,174
8,680

Trade creditors
8,015
9,157

Other taxation and social security
56,647
54,413

Other creditors
25,007
16,721

Accruals and deferred income
6,473
8,371

105,316
97,342



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,046
29,325


Page 9

 
DAWSON RADFORD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,174
8,680

Amounts falling due 1-2 years

Bank loans
9,788
9,240

Amounts falling due 2-5 years

Bank loans
10,258
20,085


29,220
38,005



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



6 (2022 - 6) Ordinary shares of £1.00 each
6
6
2 (2022 - 2) Ordinary A shares of £1.00 each
2
2
2 (2022 - 2) Ordinary B shares of £1.00 each
2
2

10

10



12.


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 £4,628 (2022: £6,239).  Contributions totalling £1,637 (2022: £745) were outstanding at the year end date.

 
Page 10