Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3117falseNo description of principal activitytrue2023-04-0118falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09377768 2023-04-01 2024-03-31 09377768 2022-04-01 2023-03-31 09377768 2024-03-31 09377768 2023-03-31 09377768 2022-04-01 09377768 c:Director1 2023-04-01 2024-03-31 09377768 d:Buildings 2023-04-01 2024-03-31 09377768 d:Buildings 2024-03-31 09377768 d:Buildings 2023-03-31 09377768 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09377768 d:PlantMachinery 2023-04-01 2024-03-31 09377768 d:PlantMachinery 2024-03-31 09377768 d:PlantMachinery 2023-03-31 09377768 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09377768 d:MotorVehicles 2023-04-01 2024-03-31 09377768 d:MotorVehicles 2024-03-31 09377768 d:MotorVehicles 2023-03-31 09377768 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09377768 d:FurnitureFittings 2023-04-01 2024-03-31 09377768 d:FurnitureFittings 2024-03-31 09377768 d:FurnitureFittings 2023-03-31 09377768 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09377768 d:OfficeEquipment 2023-04-01 2024-03-31 09377768 d:OfficeEquipment 2024-03-31 09377768 d:OfficeEquipment 2023-03-31 09377768 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09377768 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09377768 d:CurrentFinancialInstruments 2024-03-31 09377768 d:CurrentFinancialInstruments 2023-03-31 09377768 d:Non-currentFinancialInstruments 2024-03-31 09377768 d:Non-currentFinancialInstruments 2023-03-31 09377768 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09377768 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09377768 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09377768 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09377768 d:ShareCapital 2023-04-01 2024-03-31 09377768 d:ShareCapital 2024-03-31 09377768 d:ShareCapital 2022-04-01 2023-03-31 09377768 d:ShareCapital 2023-03-31 09377768 d:ShareCapital 2022-04-01 09377768 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09377768 d:RetainedEarningsAccumulatedLosses 2024-03-31 09377768 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09377768 d:RetainedEarningsAccumulatedLosses 2023-03-31 09377768 d:RetainedEarningsAccumulatedLosses 2022-04-01 09377768 c:FRS102 2023-04-01 2024-03-31 09377768 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09377768 c:FullAccounts 2023-04-01 2024-03-31 09377768 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09377768 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 09377768 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09377768 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 09377768 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 09377768 2 2023-04-01 2024-03-31 09377768 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09377768









HWD SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
HWD SOLUTIONS LIMITED
REGISTERED NUMBER: 09377768

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
179,937
192,355

  
179,937
192,355

Current assets
  

Debtors: amounts falling due within one year
 5 
1,403,032
1,175,134

Cash at bank and in hand
 6 
(6)
-

  
1,403,026
1,175,134

Creditors: amounts falling due within one year
 7 
(467,517)
(369,200)

Net current assets
  
 
 
935,509
 
 
805,934

Total assets less current liabilities
  
1,115,446
998,289

Creditors: amounts falling due after more than one year
 8 
(140,251)
(142,259)

  

Net assets
  
975,195
856,030


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
975,095
855,930

  
975,195
856,030


Page 1

 
HWD SOLUTIONS LIMITED
REGISTERED NUMBER: 09377768
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 6 November 2024.




L R Mooney
Director

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
HWD SOLUTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
855,930
856,030


Comprehensive income for the year

Profit for the year

-
119,165
119,165


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
119,165
119,165


Total transactions with owners
-
-
-


At 31 March 2024
100
975,095
975,195


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
HWD SOLUTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
621,641
621,741


Comprehensive income for the year

Profit for the year

-
234,289
234,289


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
234,289
234,289


Total transactions with owners
-
-
-


At 31 March 2023
100
855,930
856,030


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
HWD SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

HWD Solutions Limited is a private company incorporated in England.
The company's registered office is 56 West Street, Stratford-upon-Avon, Warwickshire CV37 6DR.
These financial statements are presented in £ Sterling which is the functional currency of the company.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

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.

Page 5

 
HWD SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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 straight line basis for motor vehicles and a reducing balance basis for the other assets..

Depreciation is provided on the following basis:

Freehold property
-
in accordance with lease term
Plant and machinery
-
33%
Motor vehicles
-
25%
Fixtures and fittings
-
33%
Office equipment
-
33%

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 6

 
HWD SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







18
17


4.


Tangible fixed assets





Short leasehold
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 April 2023
37,182
17,863
282,950
20,506
13,908


Additions
-
-
88,415
-
-



At 31 March 2024

37,182
17,863
371,365
20,506
13,908



Depreciation


At 1 April 2023
33,236
17,863
98,587
18,026
12,342


Charge for the year on owned assets
3,946
-
92,841
2,480
1,566



At 31 March 2024

37,182
17,863
191,428
20,506
13,908



Net book value



At 31 March 2024
-
-
179,937
-
-



At 31 March 2023
3,946
-
184,363
2,480
1,566
Page 7

 
HWD SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 April 2023
372,409


Additions
88,415



At 31 March 2024

460,824



Depreciation


At 1 April 2023
180,054


Charge for the year on owned assets
100,833



At 31 March 2024

280,887



Net book value



At 31 March 2024
179,937



At 31 March 2023
192,355

Page 8

 
HWD SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
168,403
229,278

Amounts owed by group undertakings
1,069,293
917,105

Other debtors
165,336
28,751

1,403,032
1,175,134



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
(6)
-

Less: bank overdrafts
(25,817)
(9,703)

(25,823)
(9,703)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
7,688
-

Bank overdrafts
25,817
9,703

Bank loans
32,645
43,428

Trade creditors
18,921
39,634

Amounts owed to group undertakings
232,545
83,359

Corporation tax
3,115
-

Other taxation and social security
62,828
97,795

Obligations under hire purchase contracts
70,124
50,712

Other creditors
(2,666)
44,569

Accruals and deferred income
16,500
-

467,517
369,200


Page 9

 
HWD SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under hire purchase contracts
140,251
142,259

140,251
142,259



9.


Hire purchase


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
70,203
50,712

Between 1-5 years
140,407
142,259

210,610
192,971


10.


Controlling party

The controlling party is Leadar Limited.

 
Page 10