Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04731351 2023-04-01 2024-03-31 04731351 2022-04-01 2023-03-31 04731351 2024-03-31 04731351 2023-03-31 04731351 c:Director1 2023-04-01 2024-03-31 04731351 d:MotorVehicles 2023-04-01 2024-03-31 04731351 d:MotorVehicles 2024-03-31 04731351 d:MotorVehicles 2023-03-31 04731351 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04731351 d:FurnitureFittings 2023-04-01 2024-03-31 04731351 d:FurnitureFittings 2024-03-31 04731351 d:FurnitureFittings 2023-03-31 04731351 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04731351 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04731351 d:Goodwill 2024-03-31 04731351 d:Goodwill 2023-03-31 04731351 d:CurrentFinancialInstruments 2024-03-31 04731351 d:CurrentFinancialInstruments 2023-03-31 04731351 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04731351 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04731351 d:ShareCapital 2024-03-31 04731351 d:ShareCapital 2023-03-31 04731351 d:RetainedEarningsAccumulatedLosses 2024-03-31 04731351 d:RetainedEarningsAccumulatedLosses 2023-03-31 04731351 c:FRS102 2023-04-01 2024-03-31 04731351 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04731351 c:FullAccounts 2023-04-01 2024-03-31 04731351 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 04731351







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


R. F. FAIREY & SON LIMITED






































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R. F. FAIREY & SON LIMITED
REGISTERED NUMBER:04731351



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
922
1,135

  
922
1,135

Current assets
  

Debtors
  
6,175
2,353

Cash at bank and in hand
  
9,154
30,522

  
15,329
32,875

Creditors: amounts falling due within one year
 7 
(13,374)
(23,135)

Net current assets
  
 
 
1,955
 
 
9,740

Total assets less current liabilities
  
2,877
10,875

Net assets
  
2,877
10,875


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
2,876
10,874

  
2,877
10,875


Page 1

 


R. F. FAIREY & SON LIMITED
REGISTERED NUMBER:04731351


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 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: 




................................................
K Fairey
Director

Date: 21 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


R. F. FAIREY & SON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

R F Fairey & Son 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.
The presentation currency of the financial statements is the Pound Sterling (£).

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

Page 3

 


R. F. FAIREY & SON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

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.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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:

Motor vehicles
-
20%
Fixtures and fittings
-
10%

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

 


R. F. FAIREY & SON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
48,665



At 31 March 2024

48,665



Amortisation


At 1 April 2023
48,665



At 31 March 2024

48,665



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 5

 


R. F. FAIREY & SON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
13,772
976
14,748



At 31 March 2024

13,772
976
14,748



Depreciation


At 1 April 2023
12,780
833
13,613


Charge for the year on owned assets
199
14
213



At 31 March 2024

12,979
847
13,826



Net book value



At 31 March 2024
793
129
922



At 31 March 2023
992
143
1,135


6.


Debtors

2024
2023
£
£


Trade debtors
-
2,353

Other debtors
2,856
-

Prepayments and accrued income
3,319
-

6,175
2,353


Page 6

 


R. F. FAIREY & SON LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,152
8,699

Corporation tax
6,314
8,413

Other taxation and social security
1,037
4,037

Other creditors
-
298

Accruals and deferred income
1,871
1,688

13,374
23,135


 
Page 7