Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29No description of principal activity22023-03-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04796325 2023-03-01 2024-02-29 04796325 2022-03-01 2023-02-28 04796325 2024-02-29 04796325 2023-02-28 04796325 c:Director1 2023-03-01 2024-02-29 04796325 d:PlantMachinery 2023-03-01 2024-02-29 04796325 d:PlantMachinery 2024-02-29 04796325 d:PlantMachinery 2023-02-28 04796325 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04796325 d:FurnitureFittings 2023-03-01 2024-02-29 04796325 d:FurnitureFittings 2024-02-29 04796325 d:FurnitureFittings 2023-02-28 04796325 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04796325 d:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 04796325 d:OtherPropertyPlantEquipment 2024-02-29 04796325 d:OtherPropertyPlantEquipment 2023-02-28 04796325 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04796325 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04796325 d:CurrentFinancialInstruments 2024-02-29 04796325 d:CurrentFinancialInstruments 2023-02-28 04796325 d:Non-currentFinancialInstruments 2024-02-29 04796325 d:Non-currentFinancialInstruments 2023-02-28 04796325 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 04796325 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 04796325 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 04796325 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 04796325 d:ShareCapital 2024-02-29 04796325 d:ShareCapital 2023-02-28 04796325 d:RetainedEarningsAccumulatedLosses 2024-02-29 04796325 d:RetainedEarningsAccumulatedLosses 2023-02-28 04796325 c:FRS102 2023-03-01 2024-02-29 04796325 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 04796325 c:FullAccounts 2023-03-01 2024-02-29 04796325 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04796325 2 2023-03-01 2024-02-29 04796325 6 2023-03-01 2024-02-29 04796325 1 2024-02-29 04796325 1 2023-02-28 04796325 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 04796325










ALMEAD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ALMEAD LIMITED
REGISTERED NUMBER: 04796325

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,417
48,559

Investments
 5 
291,892
275,460

  
328,309
324,019

Current assets
  

Debtors: amounts falling due after more than one year
 6 
80,246
-

Debtors: amounts falling due within one year
 6 
356,950
136,954

Cash at bank and in hand
  
394,911
689,795

  
832,107
826,749

Creditors: amounts falling due within one year
 7 
(48,350)
(65,802)

Net current assets
  
 
 
783,757
 
 
760,947

Total assets less current liabilities
  
1,112,066
1,084,966

Creditors: amounts falling due after more than one year
 8 
(20,833)
(30,833)

  

Net assets
  
1,091,233
1,054,133


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,091,133
1,054,033

  
1,091,233
1,054,133


Page 1

 
ALMEAD LIMITED
REGISTERED NUMBER: 04796325
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 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 income statement 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: 




................................................
M Doherty
Director

Date: 10 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ALMEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Almead Limited is a private limited company by shares and incorporated in England and Wales, registration number 04796325. The registered office is 1 Claydon Business Park, Great Blakenham, Ipswich, IP6 0NL

The financial statements are presented in sterling which is a functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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:

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.

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
ALMEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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

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 reporting date in the countries where the Company operates and generates income.

 
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 reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Property improvements
-
6 years 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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

Page 4

 
ALMEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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.

 
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




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
ALMEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Fixtures and fittings
Property Improvements
Total

£
£
£
£



Cost or valuation


At 1 March 2023
37,778
144,722
33,294
215,794



At 29 February 2024

37,778
144,722
33,294
215,794



Depreciation


At 1 March 2023
35,253
120,881
11,101
167,235


Charge for the year on owned assets
632
5,962
5,548
12,142



At 29 February 2024

35,885
126,843
16,649
179,377



Net book value



At 29 February 2024
1,893
17,879
16,645
36,417



At 28 February 2023
2,525
23,841
22,193
48,559

Page 6

 
ALMEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Fixed asset investments








Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 March 2023
100
275,360
275,460



At 29 February 2024

100
275,360
275,460



Impairment


Revaluations
-
(16,432)
(16,432)



At 29 February 2024

-
(16,432)
(16,432)



Net book value



At 29 February 2024
100
291,792
291,892



At 28 February 2023
100
275,360
275,460

Page 7

 
ALMEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Debtors

29 February
28 February
2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
80,246
-

80,246
-


29 February
28 February
2024
2023
£
£

Due within one year

Trade debtors
-
13,329

Amounts owed by group undertakings
354,612
121,287

Tax recoverable
2,338
2,338

356,950
136,954



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
1,080
1,999

Amounts owed to group undertakings
3,264
3,264

Corporation tax
-
16,300

Other taxation and social security
25,195
17,106

Other creditors
2,791
11,648

Accruals and deferred income
6,020
5,485

48,350
65,802


Page 8

 
ALMEAD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
20,833
30,833

20,833
30,833


 
Page 9