Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31trueNo description of principal activitytrue2022-09-01false1314The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01113943 2022-09-01 2023-08-31 01113943 2021-09-01 2022-08-31 01113943 2023-08-31 01113943 2022-08-31 01113943 2021-09-01 01113943 c:Director1 2022-09-01 2023-08-31 01113943 d:Buildings 2022-09-01 2023-08-31 01113943 d:Buildings 2023-08-31 01113943 d:Buildings 2022-08-31 01113943 d:Buildings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01113943 d:PlantMachinery 2022-09-01 2023-08-31 01113943 d:PlantMachinery 2023-08-31 01113943 d:PlantMachinery 2022-08-31 01113943 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01113943 d:MotorVehicles 2022-09-01 2023-08-31 01113943 d:MotorVehicles 2023-08-31 01113943 d:MotorVehicles 2022-08-31 01113943 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01113943 d:FurnitureFittings 2022-09-01 2023-08-31 01113943 d:FurnitureFittings 2023-08-31 01113943 d:FurnitureFittings 2022-08-31 01113943 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01113943 d:OfficeEquipment 2022-09-01 2023-08-31 01113943 d:OfficeEquipment 2023-08-31 01113943 d:OfficeEquipment 2022-08-31 01113943 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01113943 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01113943 d:ComputerSoftware 2023-08-31 01113943 d:ComputerSoftware 2022-08-31 01113943 d:OtherResidualIntangibleAssets 2022-09-01 2023-08-31 01113943 d:CurrentFinancialInstruments 2023-08-31 01113943 d:CurrentFinancialInstruments 2022-08-31 01113943 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01113943 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 01113943 d:ShareCapital 2023-08-31 01113943 d:ShareCapital 2022-08-31 01113943 d:ShareCapital 2021-09-01 01113943 d:SharePremium 2023-08-31 01113943 d:SharePremium 2022-08-31 01113943 d:SharePremium 2021-09-01 01113943 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 01113943 d:RetainedEarningsAccumulatedLosses 2023-08-31 01113943 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 01113943 d:RetainedEarningsAccumulatedLosses 2022-08-31 01113943 d:RetainedEarningsAccumulatedLosses 2021-09-01 01113943 c:FRS102 2022-09-01 2023-08-31 01113943 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 01113943 c:FullAccounts 2022-09-01 2023-08-31 01113943 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 01113943 d:ComputerSoftware d:OwnedIntangibleAssets 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Registered Number:01113943













H.W. ANDERSEN PRODUCTS LIMITED




UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023











 
H.W. ANDERSEN PRODUCTS LIMITED
 

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF H.W. ANDERSEN PRODUCTS LIMITED
FOR THE YEAR ENDED 31 AUGUST 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H.W. Andersen Products Limited for the year ended 31 August 2023 which comprise the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of H.W. Andersen Products Limited, as a body, in accordance with the terms of our engagement letter dated 19 December 2023Our work has been undertaken solely to prepare for your approval the financial statements of H.W. Andersen Products Limited  and state those matters that we have agreed to state to the Board of Directors of H.W. Andersen Products Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H.W. Andersen Products Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that H.W. Andersen Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H.W. Andersen Products Limited. You consider that H.W. Andersen Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of H.W. Andersen Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Scrutton Bland Limited
 
Chartered Accountants
  
820 The Crescent
Colchester Business Park
Colchester
Essex
CO4 9YQ
16 April 2024

- 1 -



 
H.W. ANDERSEN PRODUCTS LIMITED
REGISTERED NUMBER:01113943


BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,610
3,915

Tangible assets
 5 
1,128,775
1,147,148

  
1,131,385
1,151,063

Current assets
  

Stocks
  
729,834
540,960

Debtors: amounts falling due within one year
 6 
391,590
513,120

Cash at bank and in hand
  
390,580
538,161

  
1,512,004
1,592,241

Creditors: amounts falling due within one year
 7 
(329,886)
(554,586)

Net current assets
  
 
 
1,182,118
 
 
1,037,655

Total assets less current liabilities
  
2,313,503
2,188,718

Provisions for liabilities
  

Deferred tax
  
(82,980)
(85,069)

  
 
 
(82,980)
 
 
(85,069)

Net assets
  
2,230,523
2,103,649


- 2 -



 
H.W. ANDERSEN PRODUCTS LIMITED
REGISTERED NUMBER:01113943

    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
19,000
19,000

Share premium account
  
164,047
164,047

Profit and loss account
  
2,047,476
1,920,602

  
2,230,523
2,103,649


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 profit and loss account 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 2 April 2024.




H W Andersen
Director

The notes on pages 5 to 11 form part of these financial statements.


- 3 -



 
H.W. ANDERSEN PRODUCTS LIMITED
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 September 2021
19,000
164,047
1,853,084
2,036,131



Profit for the year
-
-
144,468
144,468

Dividends: Equity capital
-
-
(76,950)
(76,950)



At 1 September 2022
19,000
164,047
1,920,602
2,103,649



Profit for the year
-
-
214,136
214,136

Dividends: Equity capital
-
-
(87,262)
(87,262)


At 31 August 2023
19,000
164,047
2,047,476
2,230,523


The notes on pages 5 to 11 form part of these financial statements.


- 4 -



 
H.W. ANDERSEN PRODUCTS LIMITED
 

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

1.


General information

H.W. Andersen Products Limited is a private company limited by share capital, incorporated in England
and Wales, registration number 01113943. The address of the registered office is 820 The Crescent,
Colchester Business Park, Colchester, Essex, CO4 9YQ.

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 financial statements have been prepared in Sterling (£) and rounded to the nearest £.

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

Turnover

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.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.


- 5 -



 
H.W. ANDERSEN PRODUCTS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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 ten years.

 Amortisation is provided on the following bases:

Website
-
25%
Straight line

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Straight line over 100 years
Plant and machinery
-
10% straight line
Motor vehicles
-
10% straight line
Fixtures and fittings
-
10% straight line
Office equipment
-
15 - 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.

 
2.6

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.


- 6 -



 
H.W. ANDERSEN PRODUCTS LIMITED
 

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

2.Accounting policies (continued)

 
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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
2.8

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.9

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.

 
2.10

Operating leases

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


- 7 -



 
H.W. ANDERSEN PRODUCTS LIMITED
 

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

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 - 14).


- 8 -



 
H.W. ANDERSEN PRODUCTS LIMITED
 

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

4.


Intangible assets




Website

£



Cost


At 1 September 2022
11,520



At 31 August 2023

11,520



Amortisation


At 1 September 2022
7,605


Charge for the year on owned assets
1,305



At 31 August 2023

8,910



Net book value



At 31 August 2023
2,610



At 31 August 2022
3,915




- 9 -



 
H.W. ANDERSEN PRODUCTS LIMITED
 

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

5.


Tangible fixed assets





Freehold land & property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2022
1,173,055
63,980
37,158
23,605
54,708
1,352,506


Additions
-
-
-
-
868
868



At 31 August 2023

1,173,055
63,980
37,158
23,605
55,576
1,353,374



Depreciation


At 1 September 2022
72,003
63,980
5,297
14,733
49,345
205,358


Charge for the year on owned assets
11,161
-
3,715
2,361
2,004
19,241



At 31 August 2023

83,164
63,980
9,012
17,094
51,349
224,599



Net book value



At 31 August 2023
1,089,891
-
28,146
6,511
4,227
1,128,775



At 31 August 2022
1,101,052
-
31,861
8,872
5,363
1,147,148

Included within Freehold land & property is land totalling £57,000 that is not depreciated (2022 - £57,000).


6.


Debtors

2023
2022
£
£


Trade debtors
261,350
441,115

Other debtors
17,165
28,006

Prepayments and accrued income
113,075
43,999

391,590
513,120



- 10 -



 
H.W. ANDERSEN PRODUCTS LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
215,602
447,413

Corporation tax
62,641
31,760

Other taxation and social security
11,874
33,741

Other creditors
21,176
22,463

Accruals and deferred income
18,593
19,209

329,886
554,586



8.


Controlling party

The company is controlled by H W Andersen, a director, by virtue of his shareholding.

 

- 11 -