Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-0111falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00274825 2023-04-01 2024-03-31 00274825 2022-04-01 2023-03-31 00274825 2024-03-31 00274825 2023-03-31 00274825 c:Director1 2023-04-01 2024-03-31 00274825 d:Buildings 2023-04-01 2024-03-31 00274825 d:Buildings 2024-03-31 00274825 d:Buildings 2023-03-31 00274825 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00274825 d:Buildings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00274825 d:PlantMachinery 2023-04-01 2024-03-31 00274825 d:PlantMachinery 2024-03-31 00274825 d:PlantMachinery 2023-03-31 00274825 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00274825 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00274825 d:MotorVehicles 2023-04-01 2024-03-31 00274825 d:MotorVehicles 2024-03-31 00274825 d:MotorVehicles 2023-03-31 00274825 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00274825 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00274825 d:FurnitureFittings 2023-04-01 2024-03-31 00274825 d:FurnitureFittings 2024-03-31 00274825 d:FurnitureFittings 2023-03-31 00274825 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00274825 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00274825 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00274825 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 00274825 d:Goodwill 2024-03-31 00274825 d:Goodwill 2023-03-31 00274825 d:CurrentFinancialInstruments 2024-03-31 00274825 d:CurrentFinancialInstruments 2023-03-31 00274825 d:Non-currentFinancialInstruments 2024-03-31 00274825 d:Non-currentFinancialInstruments 2023-03-31 00274825 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00274825 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00274825 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00274825 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00274825 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 00274825 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 00274825 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 00274825 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 00274825 d:UKTax 2023-04-01 2024-03-31 00274825 d:UKTax 2022-04-01 2023-03-31 00274825 d:ShareCapital 2024-03-31 00274825 d:ShareCapital 2023-03-31 00274825 d:CapitalRedemptionReserve 2024-03-31 00274825 d:CapitalRedemptionReserve 2023-03-31 00274825 d:RetainedEarningsAccumulatedLosses 2024-03-31 00274825 d:RetainedEarningsAccumulatedLosses 2023-03-31 00274825 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00274825 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00274825 d:OtherDeferredTax 2024-03-31 00274825 d:OtherDeferredTax 2023-03-31 00274825 c:FRS102 2023-04-01 2024-03-31 00274825 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00274825 c:FullAccounts 2023-04-01 2024-03-31 00274825 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00274825 2 2023-04-01 2024-03-31 00274825 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 00274825 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 00274825 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 00274825









F W HALL & SON LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
F W HALL & SON LIMITED
REGISTERED NUMBER: 00274825

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
461,559
444,057

  
461,559
444,057

Current assets
  

Stocks
 7 
44,354
34,405

Debtors: amounts falling due within one year
 8 
170,171
129,141

Cash at bank and in hand
  
85,033
150,645

  
299,558
314,191

Creditors: amounts falling due within one year
 9 
(214,481)
(170,216)

Net current assets
  
 
 
85,077
 
 
143,975

Total assets less current liabilities
  
546,636
588,032

Creditors: amounts falling due after more than one year
 10 
(120,368)
(139,661)

Provisions for liabilities
  

Deferred tax
 12 
(56,293)
(50,804)

  
 
 
(56,293)
 
 
(50,804)

Net assets
  
369,975
397,567


Capital and reserves
  

Called up share capital 
  
1,320
1,320

Capital redemption reserve
  
680
680

Profit and loss account
  
367,975
395,567

  
369,975
397,567


Page 1

 
F W HALL & SON LIMITED
REGISTERED NUMBER: 00274825

BALANCE SHEET (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 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 8 July 2024.




................................................
I F Hall
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
F W HALL & SON LIMITED
 

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

1.


General information

F W Hall & Son Limited is a private company, limited by shares, incorporated in England and Wales, with the company registration number 00274825. The address of the registered office is Wendover Road, Rackheath, Norwich, Norfolk, NR13 6LH.

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

Going concern

The director considers that the resources available to the company will be sufficient for it to be able to continue as a going concern. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

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.

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.

Page 3

 
F W HALL & SON LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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.

Page 4

 
F W HALL & SON LIMITED
 

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

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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:

Freehold property
-
2%
Straight line basis
Plant & machinery
-
15%
Reducing balance basis
Motor vehicles
-
25%
Reducing balance basis
Fixtures, fittings and office equipment
-
25%
Reducing balance basis

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.

 
2.12

Stock and work in progress

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. 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.

 
2.13

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.

 
2.14

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 5

 
F W HALL & SON LIMITED
 

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

2.Accounting policies (continued)

 
2.15

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.

 
2.16

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 11 (2023 - 11).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
6,393
32,379

Deferred tax


Origination and reversal of timing differences
5,489
(2,358)


Taxation on profit on ordinary activities
11,882
30,021

Factors affecting tax charge for the year

On 24 May 2021 the Finance Bill 2021 was substantively enacted resulting in the main rate of corporation
tax increasing to 25% on 1 April 2023.


Page 6

 
F W HALL & SON LIMITED
 

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

5.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
15,000



At 31 March 2024

15,000



Amortisation


At 1 April 2023
15,000



At 31 March 2024

15,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 7

 
F W HALL & SON LIMITED
 

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

6.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
406,905
95,217
58,518
16,464
577,104


Additions
16,941
19,024
-
868
36,833


Disposals
-
(2,007)
-
(2,988)
(4,995)



At 31 March 2024

423,846
112,234
58,518
14,344
608,942



Depreciation


At 1 April 2023
26,810
66,979
28,933
10,325
133,047


Charge for the year on owned assets
5,134
4,983
14
1,572
11,703


Charge for the year on financed assets
-
-
7,383
-
7,383


Disposals
-
-
(1,992)
(2,758)
(4,750)



At 31 March 2024

31,944
71,962
34,338
9,139
147,383



Net book value



At 31 March 2024
391,902
40,272
24,180
5,205
461,559



At 31 March 2023
380,095
28,238
29,585
6,139
444,057

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
22,146
29,529


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
44,354
34,405

44,354
34,405


Page 8

 
F W HALL & SON LIMITED
 

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

8.


Debtors

2024
2023
£
£


Trade debtors
117,901
119,023

Other debtors
31,310
-

Prepayments
20,960
10,118

170,171
129,141



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
5,632
-

Bank loans
27,010
27,010

Trade creditors
81,263
55,588

Accruals and deferred income
38,399
3,074

Obligations under finance lease and hire purchase contracts
2,516
3,982

Corporation tax
6,393
32,379

Other taxation and social security
52,009
46,083

Other creditors
1,259
2,100

214,481
170,216



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
104,150
121,499

Net obligations under finance leases and hire purchase contracts
16,218
18,162

120,368
139,661


Secured creditors
The total amount of creditors for which security has been given amounted to £126,457 (2023 - £137,397). Creditors include Bank Loans and Hire Purchase contracts secured on property and other assets owned by the company.

Page 9

 
F W HALL & SON LIMITED
 

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

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
27,010
27,010

Amounts falling due 2-5 years

Bank loans
81,278
91,297

Amounts falling due after more than 5 years

Bank loans
22,872
30,202

131,160
148,509



12.


Deferred taxation




2024


£






At beginning of year
(50,804)


Charged to profit or loss
(5,489)



At end of year
(56,293)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
17,654
12,165

Potential gain on freehold property
38,639
38,639

56,293
50,804


13.


Pension commitments

The Company operates defined contributions pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The pension cost charges represent contributions payable by the Company to the funds and amounted to £68,911 (2023 - £46,220).
Contributions totalling £1,259 (2023 - £2,051) were payable to the funds at the balance sheet date.

Page 10

 
F W HALL & SON LIMITED
 

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

14.


Transactions with directors

During the year the director operated a loan account.
At 1 April 2023 the account was a credit balance of £49. During the year, withdrawals were made totalling
£94,359 and dividends were declared of £63,000 leaving a debit balance of £31,310 as at 31 March 2024.
The loan account was unsecured, interest free and repayable on demand.


Page 11