Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseNo description of principal activity2023-01-015true4falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12372402 2023-01-01 2023-12-31 12372402 2022-01-01 2022-12-31 12372402 2023-12-31 12372402 2022-12-31 12372402 c:Director1 2023-01-01 2023-12-31 12372402 d:ComputerEquipment 2023-01-01 2023-12-31 12372402 d:ComputerEquipment 2023-12-31 12372402 d:ComputerEquipment 2022-12-31 12372402 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12372402 d:CurrentFinancialInstruments 2023-12-31 12372402 d:CurrentFinancialInstruments 2022-12-31 12372402 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12372402 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12372402 d:ShareCapital 2023-12-31 12372402 d:ShareCapital 2022-12-31 12372402 d:RetainedEarningsAccumulatedLosses 2023-12-31 12372402 d:RetainedEarningsAccumulatedLosses 2022-12-31 12372402 c:FRS102 2023-01-01 2023-12-31 12372402 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12372402 c:FullAccounts 2023-01-01 2023-12-31 12372402 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12372402 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12372402










FENTONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
FENTONS LIMITED
REGISTERED NUMBER: 12372402

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,775
1,470

  
1,775
1,470

Current assets
  

Debtors: amounts falling due within one year
 5 
10,192
3,469

Cash at bank and in hand
  
54,859
43,344

  
65,051
46,813

Creditors: amounts falling due within one year
 6 
(8,756)
(11,432)

Net current assets
  
 
 
56,295
 
 
35,381

Total assets less current liabilities
  
58,070
36,851

  

Net assets
  
58,070
36,851


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
57,970
36,751

  
58,070
36,851


Page 1

 
FENTONS LIMITED
REGISTERED NUMBER: 12372402
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 income statement 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: 




Dr M S Fenton
Director

Date: 10 September 2024

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

Page 2

 
FENTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Fentons Limited is a private company limited by shares and Incorporated in England and Wales registration number 12372402. The registered office is 20 Market Hill, Maldon, Essex, United Kingdom, CM9 4PZ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

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.

Page 3

 
FENTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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.

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:

Computer equipment
-
25%
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.

 
2.5

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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 4).

Page 4

 
FENTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
2,147


Additions
896



At 31 December 2023

3,043



Depreciation


At 1 January 2023
677


Charge for the year on owned assets
591



At 31 December 2023

1,268



Net book value



At 31 December 2023
1,775



At 31 December 2022
1,470

Page 5

 
FENTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
3,052
3,469

Other debtors
7,140
-

10,192
3,469



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
5,903
5,243

Other creditors
81
3,507

Accruals and deferred income
2,772
2,682

8,756
11,432



7.


Related party transactions

At the year end date the company was owed from the following directors S Fenton £3,510 (2022 owed by the company £120), R Fenton £3,630 (2022 owed by the company £3,237), this can be found within other debtors.
At the year end date the company owed to O Fenton £nil (2022 - £150), J Fenton £81 (2022- £Nil). This can be found within other creditors.

 
Page 6