Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity66falsefalse 01244778 2023-05-01 2024-04-30 01244778 2022-05-01 2023-04-30 01244778 2024-04-30 01244778 2023-04-30 01244778 c:Director1 2023-05-01 2024-04-30 01244778 d:PlantMachinery 2023-05-01 2024-04-30 01244778 d:PlantMachinery 2024-04-30 01244778 d:PlantMachinery 2023-04-30 01244778 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01244778 d:MotorVehicles 2023-05-01 2024-04-30 01244778 d:MotorVehicles 2024-04-30 01244778 d:MotorVehicles 2023-04-30 01244778 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01244778 d:ComputerEquipment 2023-05-01 2024-04-30 01244778 d:ComputerEquipment 2024-04-30 01244778 d:ComputerEquipment 2023-04-30 01244778 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01244778 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01244778 d:CurrentFinancialInstruments 2024-04-30 01244778 d:CurrentFinancialInstruments 2023-04-30 01244778 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01244778 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01244778 d:ShareCapital 2024-04-30 01244778 d:ShareCapital 2023-04-30 01244778 d:RetainedEarningsAccumulatedLosses 2024-04-30 01244778 d:RetainedEarningsAccumulatedLosses 2023-04-30 01244778 c:FRS102 2023-05-01 2024-04-30 01244778 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01244778 c:FullAccounts 2023-05-01 2024-04-30 01244778 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01244778 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 01244778 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 01244778 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 01244778










W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
REGISTERED NUMBER: 01244778

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
16,491
14,243

Current assets
  

Stocks
  
16,831
23,098

Debtors: amounts falling due within one year
 4 
66,123
35,512

Cash at bank and in hand
 5 
183,007
181,117

  
265,961
239,727

Creditors: amounts falling due within one year
 6 
(67,606)
(64,606)

Net current assets
  
 
 
198,355
 
 
175,121

Total assets less current liabilities
  
214,846
189,364

Provisions for liabilities
  

Deferred tax
 7 
(3,085)
(2,474)

  
 
 
(3,085)
 
 
(2,474)

Net assets
  
211,761
186,890


Capital and reserves
  

Called up share capital 
  
20
20

Profit and loss account
  
211,741
186,870

  
211,761
186,890


Page 1

 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
REGISTERED NUMBER: 01244778
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 by: 




................................................
A P Smith
Director

Date: 23 July 2024

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

Page 2

 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies

  
1.1

General Information

W S Howe & Co (Wellingborough) Limited is a Company limited by shares, domiciled in England and Wales, registered number 01244778.
The registered office and principal place of business can be found in the Company Information section.

 
1.2

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:

 
1.3

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.

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.

Page 3

 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.4

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.

 
1.5

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.

 
1.6

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 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.

 
1.7

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.

Page 4

 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)


1.7
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 and reducing balance method.

Depreciation is provided on the following basis:

Plant & Equipment
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Computer equipment
-
4 years 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.

 
1.8

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 outbasis. Work in progress and finished goods include labour and attributable overheads.

 
1.9

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.

 
1.10

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.

 
1.11

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.

 
1.12

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

 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.Accounting policies (continued)

 
1.13

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.

 
1.14

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.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


3.


Tangible fixed assets





Plant & machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
29,203
47,503
4,340
81,046


Additions
-
6,500
-
6,500



At 30 April 2024

29,203
54,003
4,340
87,546



Depreciation


At 1 May 2023
28,423
34,445
3,935
66,803


Charge for the year on owned assets
117
3,943
192
4,252



At 30 April 2024

28,540
38,388
4,127
71,055



Net book value



At 30 April 2024
663
15,615
213
16,491



At 30 April 2023
780
13,058
405
14,243

Page 6

 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Trade debtors
62,391
32,140

Prepayments and accrued income
3,732
3,372

66,123
35,512



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
183,007
181,117



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
30,100
39,388

Corporation tax
8,073
5,017

Other taxation and social security
15,180
15,149

Other creditors
11,853
2,652

Accruals and deferred income
2,400
2,400

67,606
64,606



7.


Deferred taxation




2024


£






At beginning of year
2,474


Charged to profit or loss
611



At end of year
3,085

Page 7

 
W.S. HOWE AND CO. (WELLINGBOROUGH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
7.Deferred taxation (continued)

2024
2023
£
£


Accelerated capital allowances
3,085
2,474


8.


Related party transactions

At 30 April 2024, there was a directors loan account balance amounting to £11,853 owed to the Directors (2023: £2,652). 
There is no set repayment date and the loan is interest free.

 
Page 8