Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseNo description of principal activity69truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC419707 2022-05-01 2023-04-30 SC419707 2021-05-01 2022-04-30 SC419707 2023-04-30 SC419707 2022-04-30 SC419707 c:Director1 2022-05-01 2023-04-30 SC419707 c:Director2 2022-05-01 2023-04-30 SC419707 c:RegisteredOffice 2022-05-01 2023-04-30 SC419707 d:Buildings 2022-05-01 2023-04-30 SC419707 d:Buildings 2023-04-30 SC419707 d:Buildings 2022-04-30 SC419707 d:Buildings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC419707 d:FurnitureFittings 2022-05-01 2023-04-30 SC419707 d:FurnitureFittings 2023-04-30 SC419707 d:FurnitureFittings 2022-04-30 SC419707 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC419707 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC419707 d:CurrentFinancialInstruments 2023-04-30 SC419707 d:CurrentFinancialInstruments 2022-04-30 SC419707 d:Non-currentFinancialInstruments 2023-04-30 SC419707 d:Non-currentFinancialInstruments 2022-04-30 SC419707 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC419707 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 SC419707 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC419707 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 SC419707 d:ShareCapital 2023-04-30 SC419707 d:ShareCapital 2022-04-30 SC419707 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC419707 d:RetainedEarningsAccumulatedLosses 2022-04-30 SC419707 c:OrdinaryShareClass1 2022-05-01 2023-04-30 SC419707 c:OrdinaryShareClass1 2023-04-30 SC419707 c:OrdinaryShareClass1 2022-04-30 SC419707 c:OrdinaryShareClass2 2022-05-01 2023-04-30 SC419707 c:OrdinaryShareClass2 2023-04-30 SC419707 c:OrdinaryShareClass2 2022-04-30 SC419707 c:OrdinaryShareClass3 2022-05-01 2023-04-30 SC419707 c:OrdinaryShareClass3 2023-04-30 SC419707 c:OrdinaryShareClass3 2022-04-30 SC419707 c:OrdinaryShareClass4 2022-05-01 2023-04-30 SC419707 c:OrdinaryShareClass4 2023-04-30 SC419707 c:OrdinaryShareClass4 2022-04-30 SC419707 c:FRS102 2022-05-01 2023-04-30 SC419707 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 SC419707 c:FullAccounts 2022-05-01 2023-04-30 SC419707 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC419707










CHARLES WOOD & SON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

 
CHARLES WOOD & SON LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr C T Cant 
Mr C W Cant 




REGISTERED NUMBER
SC419707



REGISTERED OFFICE
37 Kirk Wynd

Kirkcaldy

Fife

KY1 1EN




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
CHARLES WOOD & SON LIMITED
REGISTERED NUMBER: SC419707

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
281,590
282,011

  
281,590
282,011

Current assets
  

Debtors: amounts falling due within one year
 5 
155,407
143,900

Cash at bank and in hand
  
500,868
710,344

  
656,275
854,244

Creditors: amounts falling due within one year
 6 
(281,329)
(426,495)

Net current assets
  
 
 
374,946
 
 
427,749

Total assets less current liabilities
  
656,536
709,760

Creditors: amounts falling due after more than one year
 7 
(31,119)
(60,583)

  

Net assets
  
625,417
649,177


Capital and reserves
  

Called up share capital 
 8 
105
105

Profit and loss account
  
625,312
649,072

  
625,417
649,177


Page 1

 
CHARLES WOOD & SON LIMITED
REGISTERED NUMBER: SC419707

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 on 23 November 2023.




Mr C W Cant
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


GENERAL INFORMATION

Charles Wood & Son Limited is a private company, limited by shares and incorporated in Scotland.  The address of the registered office is 37 Kirk Wynd, Kirkcaldy, Fife, KY1 1EN.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 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:

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.

 
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 Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

 
2.5

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 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

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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
-
nil
Fixtures and fittings
-
25% to 33.33% 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.

 
2.7

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.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

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 directors, during the year was 6 (2022 - 9).

Page 5

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


TANGIBLE FIXED ASSETS





Freehold property
Fixtures, fittings and equipment
Total

£
£
£



Cost or valuation


At 1 May 2022
280,000
18,158
298,158


Additions
-
691
691



At 30 April 2023

280,000
18,849
298,849



Depreciation


At 1 May 2022
-
16,147
16,147


Charge for the year on owned assets
-
1,112
1,112



At 30 April 2023

-
17,259
17,259



Net book value



At 30 April 2023
280,000
1,590
281,590



At 30 April 2022
280,000
2,011
282,011


5.


DEBTORS

2023
2022
£
£


Trade debtors
71,722
46,718

Other debtors
56,743
67,477

Prepayments and accrued income
22,108
26,680

Deferred taxation
4,834
3,025

155,407
143,900


Page 6

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
54,960
90,798

Other creditors
181,961
292,868

Accruals and deferred income
44,408
42,829

281,329
426,495


Secured loans
Other creditors as noted above are secured by a combination of a standard security over the company's freehold property and a floating charge.


7.


CREDITORS: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
31,119
60,583


Secured loans
Other creditors as noted above are secured by a standard security over the company's freehold property.


8.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



5 (2022 - 5) Ordinary A shares of £1.00 each
5
5
5 (2022 - 5) Ordinary B shares of £1.00 each
5
5
5 (2022 - 5) Ordinary C shares of £1.00 each
5
5
90 (2022 - 90) Ordinary shares of £1.00 each
90
90

105

105



9.


CONTINGENT LIABILITIES

Grants accounted for in the amount of £53,924 during previous years have various conditions attached. Should these conditions be breached, then all of part of the grants may become repayable. 
The company has granted a standard security over the property at 37 Kirk Wynd, Kirkcaldy, in favour of Fife Council in respect of grants received to cover the contingent liability period.

Page 7

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


COMMITMENTS UNDER OPERATING LEASES

The Company had no commitments under non-cancellable operating leases at the reporting date.


11.


CONTROLLING PARTY

During the period, the company became a wholly owned subsidiary of Charles Wood Law Limited, a company registered in Scotland. 

Page 8