Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-302022-10-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04245091 2022-10-01 2023-09-30 04245091 2021-10-01 2022-09-30 04245091 2023-09-30 04245091 2022-09-30 04245091 c:Director1 2022-10-01 2023-09-30 04245091 d:PlantMachinery 2022-10-01 2023-09-30 04245091 d:PlantMachinery 2023-09-30 04245091 d:PlantMachinery 2022-09-30 04245091 d:MotorVehicles 2022-10-01 2023-09-30 04245091 d:MotorVehicles 2023-09-30 04245091 d:MotorVehicles 2022-09-30 04245091 d:FurnitureFittings 2022-10-01 2023-09-30 04245091 d:FurnitureFittings 2023-09-30 04245091 d:FurnitureFittings 2022-09-30 04245091 d:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 04245091 d:OtherPropertyPlantEquipment 2023-09-30 04245091 d:OtherPropertyPlantEquipment 2022-09-30 04245091 d:Goodwill 2023-09-30 04245091 d:Goodwill 2022-09-30 04245091 d:CurrentFinancialInstruments 2023-09-30 04245091 d:CurrentFinancialInstruments 2022-09-30 04245091 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04245091 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 04245091 d:ShareCapital 2023-09-30 04245091 d:ShareCapital 2022-09-30 04245091 d:RetainedEarningsAccumulatedLosses 2023-09-30 04245091 d:RetainedEarningsAccumulatedLosses 2022-09-30 04245091 c:FRS102 2022-10-01 2023-09-30 04245091 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 04245091 c:FullAccounts 2022-10-01 2023-09-30 04245091 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04245091 d:WithinOneYear 2023-09-30 04245091 d:WithinOneYear 2022-09-30 04245091 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Company registration number: 04245091







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2023


HIGHFIELD CNC ENGINEERING LIMITED






































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HIGHFIELD CNC ENGINEERING LIMITED
REGISTERED NUMBER:04245091



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

  

Intangible assets
 4 
-
-

Tangible assets
 5 
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 6 
16,085
47,921

Cash at bank and in hand
  
61,892
74,372

  
77,977
122,293

Creditors: amounts falling due within one year
 7 
(76,885)
(116,636)

Net current assets
  
 
 
1,092
 
 
5,657

Total assets less current liabilities
  
1,092
5,657

  

Net assets
  
1,092
5,657


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
1,082
5,647

  
1,092
5,657


Page 1

 


HIGHFIELD CNC ENGINEERING LIMITED
REGISTERED NUMBER:04245091


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers 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 director acknowledges his 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: 




................................................
S P Barrett
Director

Date: 19 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


HIGHFIELD CNC ENGINEERING LIMITED
 


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

1.


General information

Highfield CNC Engineering Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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

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.

 
2.3

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.

Page 3

 


HIGHFIELD CNC ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 reporting date in the countries where the Company operates and generates income.

 
2.5

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.

 
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:

Plant and machinery
-
20%
Motor vehicles
-
20%
Fixtures and fittings
-
20%
Improvements to property
-
20%

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

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


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 3).

Page 4

 


HIGHFIELD CNC ENGINEERING LIMITED
 


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

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2022
145,000



At 30 September 2023

145,000



Amortisation


At 1 October 2022
145,000



At 30 September 2023

145,000



Net book value



At 30 September 2023
-



At 30 September 2022
-




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Improvement to property
Total

£
£
£
£
£



Cost or valuation


At 1 October 2022
64,922
4,500
7,794
3,558
80,774



At 30 September 2023

64,922
4,500
7,794
3,558
80,774



Depreciation


At 1 October 2022
64,922
4,500
7,794
3,558
80,774



At 30 September 2023

64,922
4,500
7,794
3,558
80,774



Net book value



At 30 September 2023
-
-
-
-
-



At 30 September 2022
-
-
-
-
-


6.


Debtors

Page 5

 


HIGHFIELD CNC ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
2023
2022
£
£


Trade debtors
13,966
45,322

Prepayments and accrued income
2,119
2,599

16,085
47,921



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,495
2,165

Corporation tax
5,615
15,468

Other taxation and social security
8,134
13,167

Other creditors
59,141
84,336

Accruals and deferred income
1,500
1,500

76,885
116,636



8.


Commitments under operating leases

At 30 September 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
-
17,500

-
17,500


9.


Related party transactions

During the year, transactions of £25,195 (2022: £12,942 increased) decreased the amount owed to the directors of the company. This loan is free of interest and repayable on demand.

 
Page 6