Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-312022-06-01false810truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02916053 2022-06-01 2023-05-31 02916053 2021-06-01 2022-05-31 02916053 2023-05-31 02916053 2022-05-31 02916053 c:Director1 2022-06-01 2023-05-31 02916053 d:PlantMachinery 2022-06-01 2023-05-31 02916053 d:PlantMachinery 2023-05-31 02916053 d:PlantMachinery 2022-05-31 02916053 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02916053 d:FurnitureFittings 2022-06-01 2023-05-31 02916053 d:FurnitureFittings 2023-05-31 02916053 d:FurnitureFittings 2022-05-31 02916053 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02916053 d:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 02916053 d:OtherPropertyPlantEquipment 2023-05-31 02916053 d:OtherPropertyPlantEquipment 2022-05-31 02916053 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02916053 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 02916053 d:CurrentFinancialInstruments 2023-05-31 02916053 d:CurrentFinancialInstruments 2022-05-31 02916053 d:Non-currentFinancialInstruments 2023-05-31 02916053 d:Non-currentFinancialInstruments 2022-05-31 02916053 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 02916053 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 02916053 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 02916053 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 02916053 d:ShareCapital 2023-05-31 02916053 d:ShareCapital 2022-05-31 02916053 d:CapitalRedemptionReserve 2023-05-31 02916053 d:CapitalRedemptionReserve 2022-05-31 02916053 d:RetainedEarningsAccumulatedLosses 2023-05-31 02916053 d:RetainedEarningsAccumulatedLosses 2022-05-31 02916053 c:FRS102 2022-06-01 2023-05-31 02916053 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 02916053 c:FullAccounts 2022-06-01 2023-05-31 02916053 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 02916053 2 2022-06-01 2023-05-31 02916053 6 2022-06-01 2023-05-31 02916053 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 02916053










R. HOLT & CO LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
R. HOLT & CO LTD
REGISTERED NUMBER: 02916053

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
54,254
36,901

Investments
 5 
30,349
30,349

  
84,603
67,250

Current assets
  

Stocks
  
323,344
298,339

Debtors: amounts falling due within one year
 6 
433,351
487,038

Cash at bank and in hand
  
112,935
104,532

  
869,630
889,909

Creditors: amounts falling due within one year
 7 
(165,034)
(158,129)

Net current assets
  
 
 
704,596
 
 
731,780

Total assets less current liabilities
  
789,199
799,030

Creditors: amounts falling due after more than one year
 8 
(30,828)
(41,667)

  

Net assets
  
758,371
757,363


Capital and reserves
  

Called up share capital 
  
95
95

Capital redemption reserve
  
4
5

Profit and loss account
  
758,272
757,263

  
758,371
757,363


Page 1

 
R. HOLT & CO LTD
REGISTERED NUMBER: 02916053
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 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: 




J Holt CBE
Director
Date: 25 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
R. HOLT & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. The registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

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.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
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.

 
2.5

Government grants

Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.6

Interest income

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

Page 3

 
R. HOLT & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
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

Borrowing costs

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

 
2.9

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.

 
2.10

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 balance sheet date in the countries where the Company operates and generates income.

 
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.

Page 4

 
R. HOLT & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

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 and reducing balance method..

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Website
-
20%
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.

 
2.12

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 balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
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 first in, first out basis.
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.

 
2.14

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.

 
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.

 
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.

Page 5

 
R. HOLT & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 10).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Other fixed assets
Total

£
£
£
£



Cost


At 1 June 2022
49,364
93,671
49,600
192,635


Additions
-
-
31,160
31,160



At 31 May 2023

49,364
93,671
80,760
223,795



Depreciation


At 1 June 2022
47,223
61,311
47,200
155,734


Charge for the year on owned assets
321
4,854
8,632
13,807



At 31 May 2023

47,544
66,165
55,832
169,541



Net book value



At 31 May 2023
1,820
27,506
24,928
54,254



At 31 May 2022
2,141
32,360
2,400
36,901


5.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost


At 1 June 2022
99
30,250
30,349



At 31 May 2023
99
30,250
30,349




Page 6

 
R. HOLT & CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
123,864
86,373

Amounts owed by group undertakings
30
30

Other debtors
309,457
400,635

433,351
487,038



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
50,093
55,436

Other taxation and social security
26,593
22,910

Other creditors
67,848
67,242

Accruals and deferred income
20,500
12,541

165,034
158,129



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
30,828
41,667



9.


Related party transactions

Included in other creditors are interest free loans repayable on demand to the value of £54,762 (2022 - £54,156) due to the directors and former directors of the company. 

 
Page 7