Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31true2023-06-01falseCosts draftsmen3734trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07124959 2023-06-01 2024-05-31 07124959 2022-06-01 2023-05-31 07124959 2024-05-31 07124959 2023-05-31 07124959 2022-06-01 07124959 4 2023-06-01 2024-05-31 07124959 4 2022-06-01 2023-05-31 07124959 d:Director1 2023-06-01 2024-05-31 07124959 e:Buildings e:ShortLeaseholdAssets 2023-06-01 2024-05-31 07124959 e:Buildings e:ShortLeaseholdAssets 2024-05-31 07124959 e:Buildings e:ShortLeaseholdAssets 2023-05-31 07124959 e:FurnitureFittings 2023-06-01 2024-05-31 07124959 e:FurnitureFittings 2024-05-31 07124959 e:FurnitureFittings 2023-05-31 07124959 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07124959 e:ComputerEquipment 2023-06-01 2024-05-31 07124959 e:ComputerEquipment 2024-05-31 07124959 e:ComputerEquipment 2023-05-31 07124959 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07124959 e:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07124959 e:Goodwill 2024-05-31 07124959 e:Goodwill 2023-05-31 07124959 e:CurrentFinancialInstruments 2024-05-31 07124959 e:CurrentFinancialInstruments 2023-05-31 07124959 e:CurrentFinancialInstruments e:WithinOneYear 2024-05-31 07124959 e:CurrentFinancialInstruments e:WithinOneYear 2023-05-31 07124959 e:ShareCapital 2024-05-31 07124959 e:ShareCapital 2023-05-31 07124959 e:ShareCapital 2022-06-01 07124959 e:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 07124959 e:RetainedEarningsAccumulatedLosses 2024-05-31 07124959 e:RetainedEarningsAccumulatedLosses 4 2023-06-01 2024-05-31 07124959 e:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 07124959 e:RetainedEarningsAccumulatedLosses 2023-05-31 07124959 e:RetainedEarningsAccumulatedLosses 2022-06-01 07124959 e:RetainedEarningsAccumulatedLosses 4 2022-06-01 2023-05-31 07124959 d:FRS102 2023-06-01 2024-05-31 07124959 d:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07124959 d:FullAccounts 2023-06-01 2024-05-31 07124959 d:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07124959 e:WithinOneYear 2024-05-31 07124959 e:WithinOneYear 2023-05-31 07124959 e:BetweenOneFiveYears 2024-05-31 07124959 e:BetweenOneFiveYears 2023-05-31 07124959 e:AcceleratedTaxDepreciationDeferredTax 2024-05-31 07124959 e:AcceleratedTaxDepreciationDeferredTax 2023-05-31 07124959 e:RetirementBenefitObligationsDeferredTax 2024-05-31 07124959 e:RetirementBenefitObligationsDeferredTax 2023-05-31 07124959 e:Goodwill e:OwnedIntangibleAssets 2023-06-01 2024-05-31 07124959 f:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 07124959










THE JOHN M HAYES PARTNERSHIP LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
THE JOHN M HAYES PARTNERSHIP LTD
REGISTERED NUMBER: 07124959

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
645,085
750,701

Tangible assets
 5 
41,581
46,677

  
686,666
797,378

Current assets
  

Debtors: amounts falling due within one year
 6 
725,445
669,666

Cash at bank and in hand
  
401,872
329,744

  
1,127,317
999,410

Creditors: amounts falling due within one year
 7 
(497,497)
(466,014)

Net current assets
  
 
 
629,820
 
 
533,396

Total assets less current liabilities
  
1,316,486
1,330,774

Provisions for liabilities
  

Deferred tax
 8 
(8,984)
(9,898)

Net assets
  
1,307,502
1,320,876


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,306,502
1,319,876

  
1,307,502
1,320,876


Page 1

 
THE JOHN M HAYES PARTNERSHIP LTD
REGISTERED NUMBER: 07124959
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 comprehensive income 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 25 July 2024.




J M Hayes
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 

 
THE JOHN M HAYES PARTNERSHIP LTD


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 June 2022
1,000
1,314,025
1,315,025



Comprehensive income for the year


Profit for the year
-
105,851
105,851



Contributions by and distributions to owners


Dividends: Equity capital
-
(20,000)
(20,000)


EOT distribution
-
(80,000)
(80,000)





At 1 June 2023
1,000
1,319,876
1,320,876



Comprehensive income for the year


Profit for the year
-
106,626
106,626



Contributions by and distributions to owners


EOT distribution
-
(120,000)
(120,000)



At 31 May 2024
1,000
1,306,502
1,307,502



The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
THE JOHN M HAYES PARTNERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The John M Hayes Partnership Limited is a Private Company limited by shares, incorporated in England and Wales (registered number: 07124959). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA.  The principal activity of the Company throughout the year continued to be that of costs draftsmen.

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 Company's functional and presentation currency is pounds sterling.

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

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.
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. 

Page 4

 
THE JOHN M HAYES PARTNERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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.

The depreciation rates used are:

S/term leasehold property
-
Straight line over the length of the lease
Fixtures & fittings
-
15% reducing balance
Office equipment
-
15% reducing balance

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 Statement of Comprehensive Income.

 
2.5

Financial instruments

Financial assets and liabilities such as bank and cash balances, trade and other accounts receivable
and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at the transaction price and
subsequently at amortised cost using the effective interest method. Debt instruments that are payable
or receivable within one year, typically trade payables or receivables, are measured, initially and
subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or
received. However, if the arrangements of a short-term instrument constitute a financing transaction,
the financial asset or liability is measured, initially, at the present value of the future cash flow
discounted at a market rate of interest for a similar debt instrument and subsequently at amortised
cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

 
2.6

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 The Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
THE JOHN M HAYES PARTNERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income.
The current 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 37 (2023 - 34).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
2,112,338



At 31 May 2024

2,112,338



Amortisation


At 1 June 2023
1,361,637


Charge for the year on owned assets
105,616



At 31 May 2024

1,467,253



Net book value



At 31 May 2024
645,085



At 31 May 2023
750,701



Page 6

 
THE JOHN M HAYES PARTNERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





S/term leasehold property
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost 


At 1 June 2023
32,183
203,285
384,224
619,692


Additions
-
-
8,870
8,870


Disposals
-
(34,837)
(74,895)
(109,732)



At 31 May 2024

32,183
168,448
318,199
518,830



Depreciation


At 1 June 2023
32,183
195,573
345,259
573,015


Charge for the year on owned assets
-
847
5,807
6,654


Disposals
-
(32,773)
(69,647)
(102,420)



At 31 May 2024

32,183
163,647
281,419
477,249



Net book value



At 31 May 2024
-
4,801
36,780
41,581



At 31 May 2023
-
7,712
38,965
46,677


6.


Debtors

2024
2023
£
£


Trade debtors
681,497
621,676

Prepayments and accrued income
43,948
47,990

725,445
669,666


Page 7

 
THE JOHN M HAYES PARTNERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
67,227
65,941

Corporation tax
74,123
56,962

Other taxation and social security
252,578
247,617

Other creditors
936
-

Accruals and deferred income
102,633
95,494

497,497
466,014



8.


Deferred taxation




2024
2023


£

£






At beginning of year
9,898
14,748


Released to Statement of Comprehensive Income
(914)
(4,850)



At end of year
8,984
9,898

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
10,395
11,079

Pension surplus
(1,411)
(1,181)

8,984
9,898


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £62,363 (2023 - £55,070). Contributions totalling £5,645 (2023 - £4,726) were payable to the fund at the Balance Sheet date and are included in creditors.

Page 8

 
THE JOHN M HAYES PARTNERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Commitments under operating leases

At 31 May 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
6,300
6,300

Later than 1 year and not later than 5 years
-
6,300

6,300
12,600


11.


Controlling party

The ultimate controlling party was The John M Hayes Partnership (EOT) Limited, by virtue of its majority shareholding in the company.

 
Page 9