Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-016falseNo description of principal activity5truetruefalse 02643425 2023-07-01 2024-06-30 02643425 2022-07-01 2023-06-30 02643425 2024-06-30 02643425 2023-06-30 02643425 2022-07-01 02643425 c:Director4 2023-07-01 2024-06-30 02643425 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 02643425 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 02643425 d:Buildings d:ShortLeaseholdAssets 2024-06-30 02643425 d:Buildings d:ShortLeaseholdAssets 2023-06-30 02643425 d:PlantMachinery 2023-07-01 2024-06-30 02643425 d:PlantMachinery 2024-06-30 02643425 d:PlantMachinery 2023-06-30 02643425 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02643425 d:MotorVehicles 2023-07-01 2024-06-30 02643425 d:MotorVehicles 2024-06-30 02643425 d:MotorVehicles 2023-06-30 02643425 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02643425 d:ComputerEquipment 2023-07-01 2024-06-30 02643425 d:ComputerEquipment 2024-06-30 02643425 d:ComputerEquipment 2023-06-30 02643425 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02643425 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02643425 d:CurrentFinancialInstruments 2024-06-30 02643425 d:CurrentFinancialInstruments 2023-06-30 02643425 d:Non-currentFinancialInstruments 2024-06-30 02643425 d:Non-currentFinancialInstruments 2023-06-30 02643425 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02643425 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02643425 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02643425 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02643425 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 02643425 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 02643425 d:ShareCapital 2024-06-30 02643425 d:ShareCapital 2023-06-30 02643425 d:RetainedEarningsAccumulatedLosses 2024-06-30 02643425 d:RetainedEarningsAccumulatedLosses 2023-06-30 02643425 c:FRS102 2023-07-01 2024-06-30 02643425 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02643425 c:FullAccounts 2023-07-01 2024-06-30 02643425 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02643425 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 02643425 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 02643425 2 2023-07-01 2024-06-30 02643425 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 02643425










A W GARLAND LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
A W GARLAND LIMITED
REGISTERED NUMBER: 02643425

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,331
36,596

  
32,331
36,596

Current assets
  

Stocks
 5 
23,000
25,850

Debtors: amounts falling due within one year
 6 
31,517
62,342

Cash at bank and in hand
 7 
49,784
52,788

  
104,301
140,980

Creditors: amounts falling due within one year
 8 
(100,968)
(98,660)

Net current assets
  
 
 
3,333
 
 
42,320

Total assets less current liabilities
  
35,664
78,916

Creditors: amounts falling due after more than one year
 9 
(14,120)
(28,750)

Provisions for liabilities
  

Deferred tax
 11 
(8,083)
(9,149)

  
 
 
(8,083)
 
 
(9,149)

Net assets
  
13,461
41,017


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
13,361
40,917

  
13,461
41,017


Page 1

 
A W GARLAND LIMITED
REGISTERED NUMBER: 02643425
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

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 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 by: 






Mr E C Garland
Director

Date: 25 October 2024

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

Page 2

 
A W GARLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

A W Garland Limited, which is incorporated and registered in England and Wales (registered number 02643425), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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.

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

 
A W GARLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

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:

L/Term Leasehold Property
-
10% Straight Line
S/Term Leasehold Property
-
20% Straight Line
Plant and machinery
-
20% Straight Line
Motor vehicles
-
25% Straight Line
Computer equipment
-
25% 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.

 
2.5

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.

 
2.6

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 4

 
A W GARLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Interest income

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

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Borrowing costs

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

Page 5

 
A W GARLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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; 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 reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 6).

Page 6

 
A W GARLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





S/Term Leasehold Property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
4,434
124,339
30,940
8,771
168,484


Additions
-
-
-
1,007
1,007



At 30 June 2024

4,434
124,339
30,940
9,778
169,491



Depreciation


At 1 July 2023
887
95,374
26,857
8,770
131,888


Charge for the year on owned assets
887
2,102
2,235
48
5,272



At 30 June 2024

1,774
97,476
29,092
8,818
137,160



Net book value



At 30 June 2024
2,660
26,863
1,848
960
32,331



At 30 June 2023
3,547
28,965
4,083
1
36,596


5.


Stocks

2024
2023
£
£

Work in progress
5,500
7,200

Finished goods and goods for resale
17,500
18,650

23,000
25,850


Page 7

 
A W GARLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors net of financed element
30,517
61,342

Other debtors
1,000
1,000

31,517
62,342









7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
49,784
52,788

49,784
52,788



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,320
7,560

Trade creditors
30,116
35,873

Corporation tax
12,626
15,244

Other taxation and social security
10,781
16,335

Obligations under finance lease and hire purchase contracts
8,481
7,596

Other creditors
26,764
12,952

Accruals and deferred income
4,880
3,100

100,968
98,660


Page 8

 
A W GARLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,097
12,247

Net obligations under finance leases and hire purchase contracts
8,023
16,503

14,120
28,750



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,320
7,560


7,320
7,560

Amounts falling due 1-2 years

Bank loans
6,097
12,247


6,097
12,247



13,417
19,807


Page 9

 
A W GARLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(9,149)
(1,793)


Charged to profit or loss
1,066
(7,356)



At end of year
(8,083)
(9,149)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(8,083)
(9,149)

(8,083)
(9,149)


12.


Pension commitments

During the year the amounts paid into a defined benefit pension scheme amounted to £4,646 (2023: £3,422). 

 
Page 10