Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-311117truefalse2023-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05659933 2023-01-01 2023-12-31 05659933 2022-01-01 2022-12-31 05659933 2023-12-31 05659933 2022-12-31 05659933 c:Director1 2023-01-01 2023-12-31 05659933 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 05659933 d:Buildings d:ShortLeaseholdAssets 2023-12-31 05659933 d:Buildings d:ShortLeaseholdAssets 2022-12-31 05659933 d:PlantMachinery 2023-01-01 2023-12-31 05659933 d:PlantMachinery 2023-12-31 05659933 d:PlantMachinery 2022-12-31 05659933 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05659933 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05659933 d:MotorVehicles 2023-01-01 2023-12-31 05659933 d:MotorVehicles 2023-12-31 05659933 d:MotorVehicles 2022-12-31 05659933 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05659933 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05659933 d:OfficeEquipment 2023-01-01 2023-12-31 05659933 d:OfficeEquipment 2023-12-31 05659933 d:OfficeEquipment 2022-12-31 05659933 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05659933 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05659933 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05659933 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 05659933 d:CurrentFinancialInstruments 2023-12-31 05659933 d:CurrentFinancialInstruments 2022-12-31 05659933 d:Non-currentFinancialInstruments 2023-12-31 05659933 d:Non-currentFinancialInstruments 2022-12-31 05659933 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05659933 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05659933 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05659933 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05659933 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 05659933 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 05659933 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05659933 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 05659933 d:ShareCapital 2023-12-31 05659933 d:ShareCapital 2022-12-31 05659933 d:RetainedEarningsAccumulatedLosses 2023-12-31 05659933 d:RetainedEarningsAccumulatedLosses 2022-12-31 05659933 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05659933 c:OrdinaryShareClass1 2023-12-31 05659933 c:OrdinaryShareClass1 2022-12-31 05659933 c:FRS102 2023-01-01 2023-12-31 05659933 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05659933 c:FullAccounts 2023-01-01 2023-12-31 05659933 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05659933 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 05659933 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 05659933 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 05659933 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 05659933 2 2023-01-01 2023-12-31 05659933 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 05659933 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-12-31 05659933 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 05659933 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 05659933 d:LeasedAssetsHeldAsLessee 2023-12-31 05659933 d:LeasedAssetsHeldAsLessee 2022-12-31 05659933 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05659933









DAVID WARD FIREWOOD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DAVID WARD FIREWOOD LIMITED
REGISTERED NUMBER: 05659933

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
243,562
199,136

  
243,562
199,136

Current assets
  

Stocks
  
48,500
83,110

Debtors: amounts falling due within one year
 5 
21,095
56,412

Cash at bank and in hand
 6 
26,279
-

  
95,874
139,522

Creditors: amounts falling due within one year
 7 
(128,537)
(126,192)

Net current (liabilities)/assets
  
 
 
(32,663)
 
 
13,330

Total assets less current liabilities
  
210,899
212,466

Creditors: amounts falling due after more than one year
 8 
(11,333)
(39,932)

Provisions for liabilities
  

Deferred tax
  
(43,231)
(34,577)

  
 
 
(43,231)
 
 
(34,577)

Net assets
  
156,335
137,957


Capital and reserves
  

Called up share capital 
 11 
3
3

Profit and loss account
  
156,332
137,954

  
156,335
137,957


Page 1

 
DAVID WARD FIREWOOD LIMITED
REGISTERED NUMBER: 05659933
    
BALANCE SHEET (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: 




................................................
David Ward
Director

Date: 25 September 2024

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

Page 2

 
DAVID WARD FIREWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

David Ward Firewood, 05659933, is incorporated and domiciled in the UK with its registered office and trading address Station Yard, Station Road, Woofferton, Ludlow, Shropshire, SY8 4AW.

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 company meets its day to day working capital requirements through the support of the company director. The director has formally considered the future trading of the company and believes that with continued financial support it is appropriate to prepare the financial statements on a going concern basis.

 
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.

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.

 
2.5

Interest income

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

Page 3

 
DAVID WARD FIREWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Borrowing costs

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

 
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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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 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.

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 balance sheet date.

Page 4

 
DAVID WARD FIREWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
5%
on cost
Plant and machinery
-
18%
reducing balance
Motor vehicles
-
10%
on cost
Office equipment
-
25%
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 profit or loss.

 
2.11

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 balance sheet 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.

 
2.12

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.

 
2.13

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.

 
2.14

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

 
DAVID WARD FIREWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.15

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.

 
2.16

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 6

 
DAVID WARD FIREWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
25,686
323,965
59,912
2,775
412,338


Additions
-
94,034
-
-
94,034


Disposals
-
(3,485)
-
-
(3,485)



At 31 December 2023

25,686
414,514
59,912
2,775
502,887



Depreciation


At 1 January 2023
8,538
186,657
15,957
2,051
213,203


Charge for the year on owned assets
1,117
36,071
2,845
181
40,214


Charge for the year on financed assets
-
5,423
3,147
-
8,570


Disposals
-
(2,662)
-
-
(2,662)



At 31 December 2023

9,655
225,489
21,949
2,232
259,325



Net book value



At 31 December 2023
16,031
189,025
37,963
543
243,562



At 31 December 2022
17,149
137,307
43,955
725
199,136

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


2023
2022
£
£


Plant and machinery
24,704
30,127

Motor vehicles
15,733
18,880

40,437
49,007

Page 7

 
DAVID WARD FIREWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
6,040
2,130

Other debtors
13,941
50,909

Prepayments and accrued income
1,114
3,373

21,095
56,412



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
26,279
-

Less: bank overdrafts
-
(3,317)

26,279
(3,317)



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
3,317

Other loans
20,229
17,076

Trade creditors
61,254
68,014

Other taxation and social security
10,249
14,822

Obligations under finance lease and hire purchase contracts
15,037
16,467

Other creditors
12,899
104

Accruals and deferred income
8,869
6,392

128,537
126,192


Page 8

 
DAVID WARD FIREWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
11,333
24,895

Net obligations under finance leases and hire purchase contracts
-
15,037

11,333
39,932



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
20,229
17,076


20,229
17,076

Amounts falling due 1-2 years

Other loans
8,000
13,562


8,000
13,562

Amounts falling due 2-5 years

Other loans
3,333
11,333


3,333
11,333


31,562
41,971


Page 9

 
DAVID WARD FIREWOOD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
15,037
16,465

Between 1-5 years
-
15,037

15,037
31,502


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



3 (2022 - 3) Ordinary shares of £1.00 each
3
3


 
Page 10