Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302truefalseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-12-01false2true 04955747 2022-12-01 2023-11-30 04955747 2021-12-01 2022-11-30 04955747 2023-11-30 04955747 2022-11-30 04955747 c:Director1 2022-12-01 2023-11-30 04955747 d:PlantMachinery 2022-12-01 2023-11-30 04955747 d:PlantMachinery 2023-11-30 04955747 d:PlantMachinery 2022-11-30 04955747 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04955747 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 04955747 d:MotorVehicles 2022-12-01 2023-11-30 04955747 d:MotorVehicles 2023-11-30 04955747 d:MotorVehicles 2022-11-30 04955747 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04955747 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 04955747 d:FurnitureFittings 2022-12-01 2023-11-30 04955747 d:FurnitureFittings 2023-11-30 04955747 d:FurnitureFittings 2022-11-30 04955747 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04955747 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 04955747 d:OfficeEquipment 2022-12-01 2023-11-30 04955747 d:OfficeEquipment 2023-11-30 04955747 d:OfficeEquipment 2022-11-30 04955747 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04955747 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 04955747 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04955747 d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 04955747 d:CurrentFinancialInstruments 2023-11-30 04955747 d:CurrentFinancialInstruments 2022-11-30 04955747 d:Non-currentFinancialInstruments 2023-11-30 04955747 d:Non-currentFinancialInstruments 2022-11-30 04955747 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04955747 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 04955747 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 04955747 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 04955747 d:ShareCapital 2023-11-30 04955747 d:ShareCapital 2022-11-30 04955747 d:RetainedEarningsAccumulatedLosses 2023-11-30 04955747 d:RetainedEarningsAccumulatedLosses 2022-11-30 04955747 c:FRS102 2022-12-01 2023-11-30 04955747 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04955747 c:FullAccounts 2022-12-01 2023-11-30 04955747 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04955747 d:EntityControlledByKeyManagementPersonnel1 2022-12-01 2023-11-30 04955747 d:EntityControlledByKeyManagementPersonnel1 2023-11-30 04955747 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-30 04955747 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-11-30 04955747 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-30 04955747 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-30 04955747 d:LeasedAssetsHeldAsLessee 2023-11-30 04955747 d:LeasedAssetsHeldAsLessee 2022-11-30 04955747 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 04955747










W PYNN (CONTRACTORS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
W PYNN (CONTRACTORS) LIMITED
REGISTERED NUMBER: 04955747

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
53,097
70,974

  
53,097
70,974

Current assets
  

Stocks
 7 
31,500
24,300

Debtors: amounts falling due within one year
 8 
24,663
27,617

Cash at bank and in hand
  
52,242
18,903

  
108,405
70,820

Creditors: amounts falling due within one year
 9 
(55,844)
(34,998)

Net current assets
  
 
 
52,561
 
 
35,822

Total assets less current liabilities
  
105,658
106,796

Creditors: amounts falling due after more than one year
 10 
(12,960)
(25,910)

Provisions for liabilities
  

Deferred tax
  
(13,259)
(14,527)

  
 
 
(13,259)
 
 
(14,527)

Net assets
  
79,439
66,359


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
79,437
66,357

  
79,439
66,359


Page 1

 
W PYNN (CONTRACTORS) LIMITED
REGISTERED NUMBER: 04955747
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 by: 




Mrs W E Pynn
Director

Date: 23 August 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
W PYNN (CONTRACTORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

W Pynn (Contractors) Limited is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, Kent, ME14 5DA.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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

Going concern

The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.

Page 3

 
W PYNN (CONTRACTORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
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.

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 4

 
W PYNN (CONTRACTORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
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.

Depreciation is provided on the following basis:

Plant and machinery etc
-
25% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
15% Straight line
Office equipment
-
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.

Page 5

 
W PYNN (CONTRACTORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
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.

 
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

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 6

 
W PYNN (CONTRACTORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements apart from those disclosed in note 2.


4.


Employees

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

Page 7

 
W PYNN (CONTRACTORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Directors' remuneration

2023
2022
£
£

Directors' emoluments
36,706
36,706

36,706
36,706



6.


Tangible fixed assets





Plant and machinery etc
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2022
170,747
23,863
1,115
1,258
196,983



At 30 November 2023

170,747
23,863
1,115
1,258
196,983



Depreciation


At 1 December 2022
102,343
21,543
1,115
1,008
126,009


Charge for the year on owned assets
4,198
580
-
197
4,975


Charge for the year on financed assets
12,902
-
-
-
12,902



At 30 November 2023

119,443
22,123
1,115
1,205
143,886



Net book value



At 30 November 2023
51,304
1,740
-
53
53,097



At 30 November 2022
68,404
2,320
-
250
70,974

Page 8

 
W PYNN (CONTRACTORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

           6.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
38,707
51,609

Motor vehicles
-
1,062

38,707
52,671


7.


Stocks

2023
2022
£
£

Raw materials and consumables
31,500
24,300

31,500
24,300



8.


Debtors

2023
2022
£
£


Trade debtors
4,155
4,560

Other debtors
14,859
14,397

Prepayments and accrued income
5,649
8,660

24,663
27,617


Page 9

 
W PYNN (CONTRACTORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,330
3,823

Corporation tax
4,898
-

Other taxation and social security
11,358
8,238

Obligations under finance lease and hire purchase contracts
12,950
12,950

Other creditors
8,323
5,925

Accruals and deferred income
4,985
4,062

55,844
34,998



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
12,960
25,910

12,960
25,910



11.


Pension commitments

The Company operates a defined contributions pension scheme. The pension cost charge included within wages represents contributes payable by the company and amounted to £706 (2022: £706). At the year end, there was an amount payable of £137 (2022: £137) and is included within other creditors.


12.


Related party transactions


Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£

Directors' Loan
3,647
20,782
9,570
14,859
3,647
20,782
9,570
14,859

Interest is charged on these loans at the official rate of 2% for 2022/23 and 2.25% for 2023/24 per HM Revenue and Customs. The closing balance of the directors' loan was repaid in full after the year end.

 
Page 10