Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseConstruction of domestic buildings2023-01-01false2323truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11978037 2023-01-01 2023-12-31 11978037 2023-12-31 11978037 2022-01-01 2022-12-31 11978037 2022-12-31 11978037 c:Director1 2023-01-01 2023-12-31 11978037 c:Director2 2023-01-01 2023-12-31 11978037 d:PlantMachinery 2023-01-01 2023-12-31 11978037 d:PlantMachinery 2023-12-31 11978037 d:PlantMachinery 2022-12-31 11978037 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11978037 d:FurnitureFittings 2023-01-01 2023-12-31 11978037 d:ComputerEquipment 2023-01-01 2023-12-31 11978037 d:ComputerSoftware 2023-12-31 11978037 d:ComputerSoftware 2022-12-31 11978037 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 11978037 d:CurrentFinancialInstruments 2023-12-31 11978037 d:CurrentFinancialInstruments 2022-12-31 11978037 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11978037 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11978037 d:ShareCapital 2023-12-31 11978037 d:ShareCapital 2022-12-31 11978037 d:RetainedEarningsAccumulatedLosses 2023-12-31 11978037 d:RetainedEarningsAccumulatedLosses 2022-12-31 11978037 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 11978037 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 11978037 c:FRS102 2023-01-01 2023-12-31 11978037 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11978037 c:FullAccounts 2023-01-01 2023-12-31 11978037 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11978037 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 11978037 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 11978037 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11978037


HARPERCREWE LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HARPERCREWE LTD
REGISTERED NUMBER: 11978037

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
72,747
37,035

Tangible assets
 5 
61,713
26,577

  
134,460
63,612

Current assets
  

Stocks
  
3,295,573
1,019,081

Debtors: amounts falling due within one year
 6 
613,848
1,291,644

Cash at bank and in hand
 7 
20,325
56,913

  
3,929,746
2,367,638

Creditors: amounts falling due within one year
 8 
(7,827,902)
(3,998,477)

Net current liabilities
  
 
 
(3,898,156)
 
 
(1,630,839)

Total assets less current liabilities
  
(3,763,696)
(1,567,227)

  

Net liabilities
  
(3,763,696)
(1,567,227)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(3,763,796)
(1,567,327)

  
(3,763,696)
(1,567,227)


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 13 September 2024.

Page 1

 
HARPERCREWE LTD
REGISTERED NUMBER: 11978037
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023




................................................
Adrian John Bloor
................................................
George Edward Martin Bossom
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HARPERCREWE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Harpercrewe Ltd 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.

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.

 
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:
Revenue represents the value of legally completed open market sales during the period. Revenue is measured at the fair value of the consideration received, excluding discounts and VAT, arising from the principal activity of the company. In relation to JCT contracts revenue represents the amount invoiced under the contract based on monthly valuations, which are in turn based on percentage completion.

 
2.3

Finance costs

Finance costs are charged to the profit and loss in the period in which they are incurred.

Page 3

 
HARPERCREWE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

Tax on the profit or loss for the year comprises current and deferred tax.  Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and many adjustments to tax payable in respect of previous years.
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for; differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investments to the extent that it is not probable that they will reverse in the foreseeable recognised on permanent diffferences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.
Deferred tax is measured at the tax rate that is expeced to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet.  Deferred tax balances are not discounted.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.


 
2.5

Intangible assets


 Intangible fixed assets are stated at cost less accumulated amortisation and accumulated impairment losses.
The Company assesses at each reporting date whether intangible fixed assets are impaired.   
Amortisation is charged to the profit and loss account over the estimated useful lives of each part of an item of intangible fixed assets
The estimated useful lives are as follows:
Computer software
-
33%
straight line

Amortisation methods, useful lives and residual values are reviewed if there is an indication of a significant change since last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

Page 4

 
HARPERCREWE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight line
Computer equipment
-
33%
straight line

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. 
The Company assesses at each reporting date whether tangible fixed assets are impaired.
Depreciation is charged to the profit and loss account over the estimated useful lives of each part of an item of tangible fixed assets.

 
2.7

Work in progress

Work in progress are stated at the lower of cost and net realisable value. Costs include amounts incurred on development projects that are yet to commence.


 
2.8

Debtors

Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price, including any transaction costs, and subsequently measured at amortised cost determined using the effective interest rate, less any impairment losses for bad and doubtful debts.

 
2.9

Creditors

Short-term creditors are measured at the transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Page 5

 
HARPERCREWE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Group and its subsidiaries a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Group and its subsidiaries becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of expenditure required to settle the obligation, takinginto account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
Contingent liabilities are recognised as a provision when the likelihood of economic outflow is assessed as probable. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the company's control.  Contingent liabilities are not recognised as a provision but are instead disclosed in the financial statements when the likelihood of economic settlement is deemed possible and not probable.  Contingent liabilities are not recognised as a disclosure when the probability of an outflow of resources is remote.
 

 
2.11

Financial instruments

Financial instruments, or their component parts, are classified on initial recognition as either a financial asset, a financial liability or an equity instrument in accordance with the substance of the contractual arrangement. Financial instruments are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial instruments are derecognised when the Company is no longer a party to the contractual provisions of the instrument.       
        
Financial assets        
Financial assets are stated at either a) cost or b) amortised cost using the effective interest method which is a method of calculating the amortised cost of a financial asset, where this differs from the original transaction value, and of allocating the interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments through the expected life of the financial asset.        
(i) Cash and cash equivalents - cash is represented by cash in hand and on demand deposits less overdrafts.  Cash equivalents represents deposits held with financial institutions repayable without penalty on notice of not more than 24 hours.        
(ii) Trade receivables - trade receivables are recognised and carried at the original transaction value. A provision for impairment is established where there is evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables concerned.    
Financial liabilities        
Financial liabilities and equity are classified according to the substance of the financial instruments contractual obligations, rather than the financial instruments legal form.      
(i) Trade payables - trade payables are recognised and carried at the original transaction value.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2022 - 23)

Page 6

 
HARPERCREWE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
43,718


Additions
49,350



At 31 December 2023

93,068



Amortisation


At 1 January 2023
6,683


Charge for the year on owned assets
13,638



At 31 December 2023

20,321



Net book value



At 31 December 2023
72,747



At 31 December 2022
37,035



Page 7

 
HARPERCREWE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery etc

£



Cost or valuation


At 1 January 2023
39,717


Additions
51,061



At 31 December 2023

90,778



Depreciation


At 1 January 2023
13,140


Charge for the year on owned assets
15,925



At 31 December 2023

29,065



Net book value



At 31 December 2023
61,713


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
742,376

Other debtors
120,798
56,218

Deferred taxation
493,050
493,050

613,848
1,291,644



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
20,325
56,913

20,325
56,913


Page 8

 
HARPERCREWE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
278,726
85,242

Amounts owed to group undertakings
7,128,607
3,645,744

Other taxation and social security
81,207
37,307

Other creditors
339,362
230,184

7,827,902
3,998,477



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
20,325
56,913



 
Page 9