Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09912320 2023-05-01 2024-04-30 09912320 2022-05-01 2023-04-30 09912320 2024-04-30 09912320 2023-04-30 09912320 c:Director1 2023-05-01 2024-04-30 09912320 d:ComputerEquipment 2023-05-01 2024-04-30 09912320 d:ComputerEquipment 2024-04-30 09912320 d:ComputerEquipment 2023-04-30 09912320 d:CurrentFinancialInstruments 2024-04-30 09912320 d:CurrentFinancialInstruments 2023-04-30 09912320 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09912320 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09912320 d:ShareCapital 2024-04-30 09912320 d:ShareCapital 2023-04-30 09912320 d:RetainedEarningsAccumulatedLosses 2024-04-30 09912320 d:RetainedEarningsAccumulatedLosses 2023-04-30 09912320 c:FRS102 2023-05-01 2024-04-30 09912320 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09912320 c:FullAccounts 2023-05-01 2024-04-30 09912320 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09912320 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 09912320 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 09912320 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09912320










GARNHAM HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
GARNHAM HOLDINGS LIMITED
REGISTERED NUMBER: 09912320

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
567,973
625,782

Debtors: amounts falling due within one year
 5 
46,078
77,743

Cash at bank and in hand
  
342,318
156,959

  
956,369
860,484

Creditors: amounts falling due within one year
 6 
(984,110)
(983,221)

Net current liabilities
  
 
 
(27,741)
 
 
(122,737)

Total assets less current liabilities
  
(27,741)
(122,737)

  

Net liabilities
  
(27,741)
(122,737)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(27,841)
(122,837)

  
(27,741)
(122,737)


The director considers 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 director acknowledges his 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 on 12 November 2024.

................................................
Miss V M Cooper
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
GARNHAM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Garnham Holdings Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 80a Taverham Road, Taverham, Norwich, Norfolk, NR8 6SB.

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

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

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.

Page 2

 
GARNHAM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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 3

 
GARNHAM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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 2 (2023 - 2).

Page 4

 
GARNHAM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2023
3,035



At 30 April 2024

3,035



Depreciation


At 1 May 2023
3,035



At 30 April 2024

3,035



Net book value



At 30 April 2024
-



At 30 April 2023
-


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
45,244
45,244

Deferred taxation
834
32,499

46,078
77,743



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
254
10

Other taxation and social security
1,285
685

Other creditors
981,031
981,031

Accruals and deferred income
1,540
1,495

984,110
983,221


Page 5

 
GARNHAM HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Deferred taxation




2024


£






At beginning of year
32,499


Charged to profit or loss
(31,665)



At end of year
834

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
834
32,499

834
32,499

 
Page 6