Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04940528 2023-01-01 2023-12-31 04940528 2022-01-01 2022-12-31 04940528 2023-12-31 04940528 2022-12-31 04940528 2022-01-01 04940528 c:Director1 2023-01-01 2023-12-31 04940528 d:PlantMachinery 2023-01-01 2023-12-31 04940528 d:PlantMachinery 2023-12-31 04940528 d:PlantMachinery 2022-12-31 04940528 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04940528 d:FurnitureFittings 2023-01-01 2023-12-31 04940528 d:FurnitureFittings 2023-12-31 04940528 d:FurnitureFittings 2022-12-31 04940528 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04940528 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04940528 d:Goodwill 2023-01-01 2023-12-31 04940528 d:Goodwill 2023-12-31 04940528 d:Goodwill 2022-12-31 04940528 d:CurrentFinancialInstruments 2023-12-31 04940528 d:CurrentFinancialInstruments 2022-12-31 04940528 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04940528 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04940528 d:ShareCapital 2023-12-31 04940528 d:ShareCapital 2022-12-31 04940528 d:RetainedEarningsAccumulatedLosses 2023-12-31 04940528 d:RetainedEarningsAccumulatedLosses 2022-12-31 04940528 c:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 04940528 c:FRS102 2023-01-01 2023-12-31 04940528 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04940528 c:FullAccounts 2023-01-01 2023-12-31 04940528 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04940528 2 2023-01-01 2023-12-31 04940528 6 2023-01-01 2023-12-31 04940528 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04940528 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04940528 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 04940528 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04940528









HEMSLEY MILLER LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HEMSLEY MILLER LIMITED
REGISTERED NUMBER: 04940528

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
231,684
245,312

Tangible assets
 5 
54,433
102,942

Investments
 6 
1,000
1,000

  
287,117
349,254

Current assets
  

Stocks
  
34,930
47,421

Debtors
 7 
448,112
486,770

Cash at bank and in hand
 8 
239,541
191,529

  
722,583
725,720

Creditors: amounts falling due within one year
 9 
(865,886)
(807,214)

Net current liabilities
  
 
 
(143,303)
 
 
(81,494)

Total assets less current liabilities
  
143,814
267,760

Provisions for liabilities
  

Deferred tax
 10 
(13,608)
(21,618)

  
 
 
(13,608)
 
 
(21,618)

Net assets
  
130,206
246,142


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
129,206
245,142

  
130,206
246,142


Page 1

 
HEMSLEY MILLER LIMITED
REGISTERED NUMBER: 04940528
    
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 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 24 September 2024.




................................................
A Miah
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

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

1.


General information

The legal form of the entity is a private company limited by share capital, incorporated in England and Wales and the registered address is situated at Unit 3, Bradburys Court, Lyon Road, Harrow HA1 2BY.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions


FRS 102 allows a qualifying entity certain disclosure exemptions. The company has not taken advantage of any available exemption for qualifying entities.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

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.

Page 3

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

2.Accounting policies (continued)

 
2.5

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Interest income

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

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

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 profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

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

2.Accounting policies (continued)

 
2.9

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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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.

 
2.10

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.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 5

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

2.Accounting policies (continued)

 
2.11

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.

The estimated useful lives range as follows:

Plant and machinery
-
3
Years
Fixtures and fittings
-
5
Years

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.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.13

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 weighted average 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.

 
2.14

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.

Page 6

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

2.Accounting policies (continued)

 
2.15

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.

 
2.16

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.

 
2.17

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.

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 7

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

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
272,569



At 31 December 2023

272,569



Amortisation


At 1 January 2023
27,257


Charge for the Year on owned assets
13,628



At 31 December 2023

40,885



Net book value



At 31 December 2023
231,684



At 31 December 2022
245,312



Page 8

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

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
156,549
63,682
220,231


Additions
9,840
-
9,840


Disposals
(128,491)
-
(128,491)



At 31 December 2023

37,898
63,682
101,580



Depreciation


At 1 January 2023
99,192
18,097
117,289


Charge for the Year on owned assets
45,613
12,736
58,349


Disposals
(128,491)
-
(128,491)



At 31 December 2023

16,314
30,833
47,147



Net book value



At 31 December 2023
21,584
32,849
54,433



At 31 December 2022
57,356
45,586
102,942


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,000



At 31 December 2023
1,000




Page 9

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

7.


Debtors


2023
2022
£
£



Trade debtors
154,907
117,863

Amounts owed by joint ventures and associated undertakings
1,000
-

Other debtors
292,205
368,907

448,112
486,770



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
239,541
191,529

239,541
191,529



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,597
9,171

Corporation tax
22,952
17,353

Other taxation and social security
29,665
41,209

Other creditors
612,591
575,751

Accruals and deferred income
195,081
163,730

865,886
807,214



10.


Deferred taxation

Page 10

 
HEMSLEY MILLER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
10.Deferred taxation (continued)




2023
2022


£

£






At beginning of year
(21,618)
(22,114)


Charged to the profit or loss
8,010
496



At end of year
(13,608)
(21,618)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(13,608)
(21,618)

(13,608)
(21,618)


11.


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 £5,522 (2022 - £5,600).


12.


Transactions with key management personnel

The company had loan advances from members of key management personnel that are free of interest and repayable on demand.  The amounts outstanding as at the balance sheet date was £423,587 (2022 - £422,107) and is included in other creditors amounts falling due within one year.

 
Page 11