Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-08-01falseNo description of principal activity22falsetrue 12411895 2022-08-01 2023-07-31 12411895 2021-06-01 2022-07-31 12411895 2023-07-31 12411895 2022-07-31 12411895 c:Director1 2022-08-01 2023-07-31 12411895 d:PlantMachinery 2022-08-01 2023-07-31 12411895 d:PlantMachinery 2023-07-31 12411895 d:PlantMachinery 2022-07-31 12411895 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12411895 d:CurrentFinancialInstruments 2023-07-31 12411895 d:CurrentFinancialInstruments 2022-07-31 12411895 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12411895 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12411895 d:ShareCapital 2023-07-31 12411895 d:ShareCapital 2022-07-31 12411895 d:RetainedEarningsAccumulatedLosses 2023-07-31 12411895 d:RetainedEarningsAccumulatedLosses 2022-07-31 12411895 c:FRS102 2022-08-01 2023-07-31 12411895 c:Audited 2022-08-01 2023-07-31 12411895 c:FullAccounts 2022-08-01 2023-07-31 12411895 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12411895 c:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12411895










H R COMMODITIES LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
H R COMMODITIES LTD
REGISTERED NUMBER: 12411895

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
317
453

  
317
453

Current assets
  

Stocks
 5 
46,400
43,645

Debtors: amounts falling due within one year
 6 
172,208
247,994

Cash at bank and in hand
 7 
174,285
228,262

  
392,893
519,901

Creditors: amounts falling due within one year
 8 
(236,431)
(425,195)

Net current assets
  
 
 
156,462
 
 
94,706

Total assets less current liabilities
  
156,779
95,159

  

Net assets
  
156,779
95,159


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
156,669
95,049

  
156,779
95,159


Page 1

 
H R COMMODITIES LTD
REGISTERED NUMBER: 12411895
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

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 on 1 March 2024.




H  W  Russell
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
H R COMMODITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

H R Commodities is a private company, limited by shares, registered in England and Wales. (Company number 12411895)  and registered office address is 25 Salisbury Road, Eastbourne, East Sussex, BN20 7UA.

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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has confirmed that his support will continue for the foreseeable future and the business will continue to trade with the facilities made available. For this reason, the company has decided to prepare the accounts using 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:

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.

Page 3

 
H R COMMODITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Taxation

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.

 
2.5

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:

Plant and machinery
-
30%
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.

 
2.6

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.

 
2.7

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 4

 
H R COMMODITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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 the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
2
2

Page 5

 
H R COMMODITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 August 2022
1,320



At 31 July 2023

1,320



Depreciation


At 1 August 2022
867


Charge for the year on owned assets
136



At 31 July 2023

1,003



Net book value



At 31 July 2023
317



At 31 July 2022
453


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
46,400
43,645

46,400
43,645



6.


Debtors

2023
2022
£
£


Trade debtors
172,208
247,994

172,208
247,994


Page 6

 
H R COMMODITIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
174,285
228,262

174,285
228,262



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,040
4,048

Amounts owed to group undertakings
102,027
298,554

Corporation tax
12,501
12,567

Other taxation and social security
68,227
83,578

Other creditors
4,000
4,000

Accruals and deferred income
47,636
22,448

236,431
425,195



9.


Controlling party

The Parent company is Webster Thompson Limited. Its registered office is Unit 2 Carlton Yard, Victoria Road, Farnham, Surrey, England, GU9 7RD. The ultimate controlling party is Mr S N W Thompson by virtue of his majority shareholding.
The group in which the results of the company are consolidated is that headed by Webster Thompson Limited. The consolidated financial statements of this group are available to the public and may be obtained from Companies House.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2023 was unqualified.

The audit report was signed on 1 March 2024 by Stephen Morgan FCA (Senior statutory auditor) on behalf of Shaw Gibbs (Audit) Limited.

 
Page 7