Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-242024-10-242023-11-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12924040 2023-11-01 2024-10-24 12924040 2022-11-01 2023-10-31 12924040 2024-10-24 12924040 2023-10-31 12924040 c:Director1 2023-11-01 2024-10-24 12924040 d:PlantMachinery 2023-11-01 2024-10-24 12924040 d:PlantMachinery 2024-10-24 12924040 d:PlantMachinery 2023-10-31 12924040 d:MotorVehicles 2023-11-01 2024-10-24 12924040 d:MotorVehicles 2024-10-24 12924040 d:MotorVehicles 2023-10-31 12924040 d:CurrentFinancialInstruments 2024-10-24 12924040 d:CurrentFinancialInstruments 2023-10-31 12924040 d:Non-currentFinancialInstruments 2024-10-24 12924040 d:Non-currentFinancialInstruments 2023-10-31 12924040 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-24 12924040 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12924040 d:ShareCapital 2024-10-24 12924040 d:ShareCapital 2023-10-31 12924040 d:RetainedEarningsAccumulatedLosses 2024-10-24 12924040 d:RetainedEarningsAccumulatedLosses 2023-10-31 12924040 c:EntityNoLongerTradingButTradedInPast 2023-11-01 2024-10-24 12924040 c:FRS102 2023-11-01 2024-10-24 12924040 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-24 12924040 c:FullAccounts 2023-11-01 2024-10-24 12924040 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-24 12924040 2 2023-11-01 2024-10-24 12924040 e:PoundSterling 2023-11-01 2024-10-24 iso4217:GBP xbrli:pure

Registered number: 12924040










HZD LIMITED








UNAUDITED

 FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 24 OCTOBER 2024

 
HZD LIMITED
REGISTERED NUMBER: 12924040

BALANCE SHEET
AS AT 24 OCTOBER 2024

24 October
31 October
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
165,044

  
-
165,044

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
272,000

Debtors: amounts falling due within one year
 5 
670,024
149

Cash at bank and in hand
 6 
-
68,213

  
670,024
340,362

Creditors: amounts falling due within one year
 7 
-
(80,651)

Net current assets
  
 
 
670,024
 
 
259,711

Total assets less current liabilities
  
670,024
424,755

  

Net assets
  
670,024
424,755


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
669,924
424,655

  
670,024
424,755


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 period 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 income and retained earnings 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 25 October 2024.




Page 1

 
HZD LIMITED
REGISTERED NUMBER: 12924040

BALANCE SHEET (CONTINUED)
AS AT 24 OCTOBER 2024

D Hedges
Director

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

Page 2

 
HZD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 OCTOBER 2024

1.


General information

The company is limited by shares and incorporated in England. Its registered office is 601 London Road, Westcliff On Sea, Essex, SS0 9PE. The principal place of business of the company is Kingswood Cottage, High Park Avenue, East Horley, KT24 5DF
 

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

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
HZD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 OCTOBER 2024

2.Accounting policies (continued)

 
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.

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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.

Page 4

 
HZD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

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.


 
2.8

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 following methods.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight-line
Motor vehicles
-
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.

 
2.9

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.

 
2.10

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.

 
2.11

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

 
HZD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 OCTOBER 2024

2.Accounting policies (continued)

 
2.12

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

2024
2023
£
£

Wages and salaries
112,000
30,000

Social security costs
-
(3,785)

Cost of defined contribution scheme
100,000
-

212,000
26,215


The average monthly number of employees, including directors, during the period was 4 (2023 - 4).


4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Total

£
£
£





At 1 November 2023
6,315
159,596
165,911


Additions
2,265
-
2,265


Disposals
(8,580)
(159,596)
(168,176)



At 24 October 2024

-
-
-





At 1 November 2023
867
-
867


Disposals
(867)
-
(867)



At 24 October 2024

-
-
-



Net book value



At 24 October 2024
-
-
-



At 31 October 2023
5,448
159,596
165,044


5.


Debtors

24 October
31 October
Page 6

 
HZD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 OCTOBER 2024

5.Debtors (continued)

2024
2023
£
£

Due after more than one year

Trade debtors
-
272,000

-
272,000


24 October
31 October
2024
2023
£
£

Due within one year

Other debtors
670,024
149

670,024
149



6.


Cash and cash equivalents

24 October
31 October
2024
2023
£
£

Cash at bank and in hand
-
68,213

-
68,213



7.


Creditors: Amounts falling due within one year

24 October
31 October
2024
2023
£
£

Corporation tax
-
32,787

Other creditors
-
46,774

Accruals and deferred income
-
1,090

-
80,651



8.


Pension commitments


Page 7