Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31falsetrueNo description of principal activity2022-09-011212trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01810948 2022-09-01 2023-08-31 01810948 2021-09-01 2022-08-31 01810948 2023-08-31 01810948 2022-08-31 01810948 c:Director2 2022-09-01 2023-08-31 01810948 d:Buildings d:ShortLeaseholdAssets 2022-09-01 2023-08-31 01810948 d:Buildings d:ShortLeaseholdAssets 2023-08-31 01810948 d:Buildings d:ShortLeaseholdAssets 2022-08-31 01810948 d:MotorVehicles 2022-09-01 2023-08-31 01810948 d:MotorVehicles 2023-08-31 01810948 d:MotorVehicles 2022-08-31 01810948 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01810948 d:FurnitureFittings 2022-09-01 2023-08-31 01810948 d:FurnitureFittings 2023-08-31 01810948 d:FurnitureFittings 2022-08-31 01810948 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01810948 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 01810948 d:CurrentFinancialInstruments 2023-08-31 01810948 d:CurrentFinancialInstruments 2022-08-31 01810948 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01810948 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 01810948 d:ShareCapital 2023-08-31 01810948 d:ShareCapital 2022-08-31 01810948 d:RetainedEarningsAccumulatedLosses 2023-08-31 01810948 d:RetainedEarningsAccumulatedLosses 2022-08-31 01810948 c:OrdinaryShareClass2 2022-09-01 2023-08-31 01810948 c:OrdinaryShareClass2 2023-08-31 01810948 c:OrdinaryShareClass2 2022-08-31 01810948 c:OrdinaryShareClass3 2022-09-01 2023-08-31 01810948 c:OrdinaryShareClass3 2023-08-31 01810948 c:OrdinaryShareClass3 2022-08-31 01810948 c:OrdinaryShareClass4 2022-09-01 2023-08-31 01810948 c:OrdinaryShareClass4 2023-08-31 01810948 c:OrdinaryShareClass4 2022-08-31 01810948 c:OrdinaryShareClass5 2022-09-01 2023-08-31 01810948 c:OrdinaryShareClass5 2023-08-31 01810948 c:OrdinaryShareClass5 2022-08-31 01810948 c:FRS102 2022-09-01 2023-08-31 01810948 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 01810948 c:FullAccounts 2022-09-01 2023-08-31 01810948 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 01810948 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01810948









PENHALIGAN SILVERWARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
PENHALIGAN SILVERWARE LIMITED
REGISTERED NUMBER: 01810948

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,635
39,470

  
25,635
39,470

Current assets
  

Stocks
 5 
50,000
48,350

Debtors: amounts falling due within one year
 6 
150,817
83,752

Cash at bank and in hand
 7 
73,997
76,892

  
274,814
208,994

Creditors: amounts falling due within one year
 8 
(271,809)
(214,386)

Net current assets/(liabilities)
  
 
 
3,005
 
 
(5,392)

Total assets less current liabilities
  
28,640
34,078

  

Net assets
  
28,640
34,078


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
28,540
33,978

  
28,640
34,078


Page 1

 
PENHALIGAN SILVERWARE LIMITED
REGISTERED NUMBER: 01810948
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 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 by: 




D Penhaligan
Director

Date: 28 October 2024

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

Page 2

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Penhaligan Silverware Limited is a private company limited by shares incorporated in England & Wales (registered number 01810948). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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:

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.

Page 3

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.3

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:

Short-term leasehold property
-
Straight line over the life of the lease
Motor vehicles
-
20% Straight Line
Fixtures and fittings
-
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.

 
2.4

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 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.

 
2.5

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 12 (2022 - 12).

Page 4

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 September 2022
100,484
38,010
16,947
155,441



At 31 August 2023

100,484
38,010
16,947
155,441



Depreciation


At 1 September 2022
65,563
36,009
14,401
115,973


Charge for the year on owned assets
10,048
1,771
2,012
13,831



At 31 August 2023

75,611
37,780
16,413
129,804



Net book value



At 31 August 2023
24,873
230
534
25,637



At 31 August 2022
34,920
2,002
2,547
39,469

Page 5

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
50,000
48,350

50,000
48,350



6.


Debtors

2023
2022
£
£


Trade debtors
136,379
51,789

Other debtors
14,438
6,804

Prepayments and accrued income
-
25,159

150,817
83,752



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
73,997
76,892

73,997
76,892



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
111,387
61,943

Corporation tax
13,007
5,526

Other taxation and social security
18,505
11,018

Other creditors
100,106
107,094

Accruals and deferred income
28,804
28,805

271,809
214,386


Page 6

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



63 (2022 - 63) Ordinary Shares - A shares shares of £1.00 each
63
63
10 (2022 - 10) Ordinary Shares - B shares shares of £1.00 each
10
10
25 (2022 - 25) Ordinary Shares -C shares shares of £1.00 each
25
25
1 (2022 - 1) Ordinary Share - D shares share of £1.00
1
1
1 (2022 - 1) Ordinary Share - E shares share of £1.00
1
1

100

100


 
Page 7