Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12368928 2023-01-01 2023-12-31 12368928 2022-01-01 2022-12-31 12368928 2023-12-31 12368928 2022-12-31 12368928 c:Director1 2023-01-01 2023-12-31 12368928 d:PlantMachinery 2023-01-01 2023-12-31 12368928 d:PlantMachinery 2023-12-31 12368928 d:PlantMachinery 2022-12-31 12368928 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12368928 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12368928 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 12368928 d:OtherPropertyPlantEquipment 2023-12-31 12368928 d:OtherPropertyPlantEquipment 2022-12-31 12368928 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12368928 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12368928 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12368928 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 12368928 d:CurrentFinancialInstruments 2023-12-31 12368928 d:CurrentFinancialInstruments 2022-12-31 12368928 d:Non-currentFinancialInstruments 2023-12-31 12368928 d:Non-currentFinancialInstruments 2022-12-31 12368928 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12368928 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12368928 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12368928 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12368928 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 12368928 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 12368928 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 12368928 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 12368928 d:ShareCapital 2023-12-31 12368928 d:ShareCapital 2022-12-31 12368928 d:RetainedEarningsAccumulatedLosses 2023-12-31 12368928 d:RetainedEarningsAccumulatedLosses 2022-12-31 12368928 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12368928 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 12368928 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 12368928 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 12368928 c:FRS102 2023-01-01 2023-12-31 12368928 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12368928 c:FullAccounts 2023-01-01 2023-12-31 12368928 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12368928 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 12368928 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 12368928 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 12368928 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 12368928 2 2023-01-01 2023-12-31 12368928 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 12368928 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-31 12368928 d:LeasedAssetsHeldAsLessee 2023-12-31 12368928 d:LeasedAssetsHeldAsLessee 2022-12-31 12368928 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12368928










WILLIAM AND HERBERT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WILLIAM AND HERBERT LTD
REGISTERED NUMBER: 12368928

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,620
19,792

  
9,620
19,792

Current assets
  

Stocks
  
37,483
31,513

Debtors: amounts falling due within one year
 5 
-
376

Cash at bank and in hand
 6 
2,751
2,222

  
40,234
34,111

Creditors: amounts falling due within one year
 7 
(114,305)
(70,407)

Net current liabilities
  
 
 
(74,071)
 
 
(36,296)

Total assets less current liabilities
  
(64,451)
(16,504)

Creditors: amounts falling due after more than one year
 8 
(25,732)
(33,852)

Provisions for liabilities
  

Deferred tax
 11 
(25,026)
(15,070)

  
 
 
(25,026)
 
 
(15,070)

Net liabilities
  
(115,209)
(65,426)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(115,309)
(65,526)

  
(115,209)
(65,426)


Page 1

 
WILLIAM AND HERBERT LTD
REGISTERED NUMBER: 12368928
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 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 by: 




................................................
C R Lockwood
Director

Date: 6 September 2024

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

Page 2

 
WILLIAM AND HERBERT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

William and Herbert Ltd is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 1st Floor Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE.

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 Director believes that the company's financial statements should be prepared on a going
concern basis on the grounds that current and future sources of funding or support will be more than
adequate for the company's needs.
Based on this, the Director has concluded that they have a reasonable expectation that the
Company will have adequate resources to continue in operational existence for the foreseeable
future, being at least twelve months from the date of signing these financial statements, and they
therefore continue to adopt the going concern basis of accounting in preparing these financial
statements.

 
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.

 
2.4

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.

Page 3

 
WILLIAM AND HERBERT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 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.

 
2.8

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

 
WILLIAM AND HERBERT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
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.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Other fixed assets
-
10%

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.

 
2.9

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 reporting 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
WILLIAM AND HERBERT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

2023
£

Wages and salaries
15,473

15,473


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

Page 6

 
WILLIAM AND HERBERT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 January 2023
40,291
996
41,287



At 31 December 2023

40,291
996
41,287



Depreciation


At 1 January 2023
21,395
100
21,495


Charge for the year on owned assets
3,246
100
3,346


Charge for the year on financed assets
6,826
-
6,826



At 31 December 2023

31,467
200
31,667



Net book value



At 31 December 2023
8,824
796
9,620



At 31 December 2022
18,896
896
19,792

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


2023
2022
£
£



Plant and machinery
6,826
13,652

6,826
13,652


5.


Debtors

2023
2022
£
£


Other debtors
-
376

-
376


Page 7

 
WILLIAM AND HERBERT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,751
2,222

2,751
2,222



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,500
7,500

Other taxation and social security
42
-

Obligations under finance lease and hire purchase contracts
3,820
3,820

Other creditors
100,845
57,477

Accruals and deferred income
2,098
1,610

114,305
70,407



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,257
19,239

Net obligations under finance leases and hire purchase contracts
10,475
14,613

25,732
33,852


Page 8

 
WILLIAM AND HERBERT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
7,500
7,500


7,500
7,500

Amounts falling due 1-2 years

Bank loans
7,500
7,500


7,500
7,500

Amounts falling due 2-5 years

Bank loans
7,757
11,739


7,757
11,739


22,757
26,739



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
3,820
3,820

Between 1-5 years
10,475
14,613

14,295
18,433

Page 9

 
WILLIAM AND HERBERT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Deferred taxation




2023


£






At beginning of year
(15,070)


Charged to profit or loss
(9,956)



At end of year
(25,026)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
2,165
4,700

Tax losses carried forward
(27,191)
(19,770)

(25,026)
(15,070)

 
Page 10