Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity44true2023-04-01false44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05006458 2023-04-01 2024-03-31 05006458 2022-04-01 2023-03-31 05006458 2024-03-31 05006458 2023-03-31 05006458 c:Director4 2023-04-01 2024-03-31 05006458 d:Buildings 2023-04-01 2024-03-31 05006458 d:Buildings 2024-03-31 05006458 d:Buildings 2023-03-31 05006458 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05006458 d:PlantMachinery 2023-04-01 2024-03-31 05006458 d:PlantMachinery 2024-03-31 05006458 d:PlantMachinery 2023-03-31 05006458 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05006458 d:MotorVehicles 2023-04-01 2024-03-31 05006458 d:MotorVehicles 2024-03-31 05006458 d:MotorVehicles 2023-03-31 05006458 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05006458 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05006458 d:CurrentFinancialInstruments 2024-03-31 05006458 d:CurrentFinancialInstruments 2023-03-31 05006458 d:Non-currentFinancialInstruments 2024-03-31 05006458 d:Non-currentFinancialInstruments 2023-03-31 05006458 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05006458 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05006458 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05006458 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05006458 d:ShareCapital 2024-03-31 05006458 d:ShareCapital 2023-03-31 05006458 d:RetainedEarningsAccumulatedLosses 2024-03-31 05006458 d:RetainedEarningsAccumulatedLosses 2023-03-31 05006458 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05006458 c:OrdinaryShareClass1 2024-03-31 05006458 c:OrdinaryShareClass1 2023-03-31 05006458 c:OrdinaryShareClass2 2023-04-01 2024-03-31 05006458 c:OrdinaryShareClass2 2024-03-31 05006458 c:OrdinaryShareClass2 2023-03-31 05006458 c:OrdinaryShareClass3 2023-04-01 2024-03-31 05006458 c:OrdinaryShareClass3 2024-03-31 05006458 c:OrdinaryShareClass3 2023-03-31 05006458 c:OrdinaryShareClass4 2023-04-01 2024-03-31 05006458 c:OrdinaryShareClass4 2024-03-31 05006458 c:OrdinaryShareClass4 2023-03-31 05006458 c:FRS102 2023-04-01 2024-03-31 05006458 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05006458 c:FullAccounts 2023-04-01 2024-03-31 05006458 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05006458 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 05006458 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 05006458 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 05006458 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 05006458 d:HirePurchaseContracts d:MoreThanFiveYears 2024-03-31 05006458 d:HirePurchaseContracts d:MoreThanFiveYears 2023-03-31 05006458 2 2023-04-01 2024-03-31 05006458 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05006458










MARCHES ARCHITECTURAL HARDWARE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MARCHES ARCHITECTURAL HARDWARE LIMITED
REGISTERED NUMBER: 05006458

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
244,379
1,229,802

  
244,379
1,229,802

Current assets
  

Stocks
  
4,403,637
3,887,139

Debtors: amounts falling due after more than one year
 5 
1,188,073
110,000

Debtors: amounts falling due within one year
 5 
2,265,635
2,406,537

Cash at bank and in hand
 6 
1,004,985
1,044,407

  
8,862,330
7,448,083

Creditors: amounts falling due within one year
 7 
(1,042,661)
(1,367,834)

Net current assets
  
 
 
7,819,669
 
 
6,080,249

Total assets less current liabilities
  
8,064,048
7,310,051

Creditors: amounts falling due after more than one year
  
(107,420)
-

Provisions for liabilities
  

Deferred tax
  
(23,260)
(42,156)

  
 
 
(23,260)
 
 
(42,156)

Net assets
  
7,933,368
7,267,895


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
7,933,268
7,267,795

  
7,933,368
7,267,895


Page 1

 
MARCHES ARCHITECTURAL HARDWARE LIMITED
REGISTERED NUMBER: 05006458
    
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 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 profit and loss account 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.




T Underhill
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MARCHES ARCHITECTURAL HARDWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Marchees Architectural Hardware Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

 
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.

Page 3

 
MARCHES ARCHITECTURAL HARDWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.6

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:

Plant and machinery
-
20%
Reducing balance
Motor vehicles
-
20%
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.

Page 4

 
MARCHES ARCHITECTURAL HARDWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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 balance sheet 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.

 
2.8

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.

 
2.11

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.

 
2.12

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 44 (2023 - 44).

Page 5

 
MARCHES ARCHITECTURAL HARDWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Land & buildings
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 April 2023
1,282,940
447,105
82,147
1,812,192


Additions
114,777
55,770
65,449
235,996


Disposals
(1,397,717)
-
(21,208)
(1,418,925)



At 31 March 2024

-
502,875
126,388
629,263



Depreciation


At 1 April 2023
241,842
266,796
73,753
582,391


Charge for the year on owned assets
-
47,216
14,769
61,985


Disposals
(241,842)
-
(17,650)
(259,492)



At 31 March 2024

-
314,012
70,872
384,884



Net book value



At 31 March 2024
-
188,863
55,516
244,379



At 31 March 2023
1,041,098
180,309
8,395
1,229,802

Page 6

 
MARCHES ARCHITECTURAL HARDWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Due from participating interests
1,188,073
110,000

1,188,073
110,000


2024
2023
£
£

Due within one year

Trade debtors
1,234,592
1,363,811

Other debtors
999,176
1,042,319

Prepayments and accrued income
31,867
407

2,265,635
2,406,537



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,004,985
1,044,407

1,004,985
1,044,407



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
418,578
546,235

Other taxation and social security
573,766
562,303

Obligations under finance lease and hire purchase contracts
24,701
-

Other creditors
22,041
255,796

Accruals and deferred income
3,575
3,500

1,042,661
1,367,834


Page 7

 
MARCHES ARCHITECTURAL HARDWARE 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 finance leases and hire purchase contracts
107,420
-

107,420
-



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
24,701
-

Between 1-5 years
24,701
-

Over 5 years
82,718
-

132,120
-


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



26 (2023 - 26) Ordinary A shares of £1.00 each
26
26
26 (2023 - 26) Ordinary B shares of £1.00 each
26
26
24 (2023 - 24) Ordinary C shares of £1.00 each
24
24
24 (2023 - 24) Ordinary D shares of £1.00 each
24
24

100

100


 
Page 8