Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.39true2023-04-01falseNo description of principal activity37truefalse 00598057 2023-04-01 2024-03-31 00598057 2022-04-01 2023-03-31 00598057 2024-03-31 00598057 2023-03-31 00598057 c:Director1 2023-04-01 2024-03-31 00598057 d:Buildings 2023-04-01 2024-03-31 00598057 d:Buildings 2024-03-31 00598057 d:Buildings 2023-03-31 00598057 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00598057 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 00598057 d:PlantMachinery 2023-04-01 2024-03-31 00598057 d:PlantMachinery 2024-03-31 00598057 d:PlantMachinery 2023-03-31 00598057 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00598057 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00598057 d:CurrentFinancialInstruments 2024-03-31 00598057 d:CurrentFinancialInstruments 2023-03-31 00598057 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00598057 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00598057 d:ShareCapital 2024-03-31 00598057 d:ShareCapital 2023-03-31 00598057 d:RetainedEarningsAccumulatedLosses 2024-03-31 00598057 d:RetainedEarningsAccumulatedLosses 2023-03-31 00598057 c:FRS102 2023-04-01 2024-03-31 00598057 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00598057 c:FullAccounts 2023-04-01 2024-03-31 00598057 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00598057 d:WithinOneYear 2024-03-31 00598057 d:WithinOneYear 2023-03-31 00598057 d:BetweenOneFiveYears 2024-03-31 00598057 d:BetweenOneFiveYears 2023-03-31 00598057 d:MoreThanFiveYears 2024-03-31 00598057 d:MoreThanFiveYears 2023-03-31 00598057 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 00598057







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


W.AUSTIN & SONS (STEVENAGE) LIMITED






































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W.AUSTIN & SONS (STEVENAGE) LIMITED
REGISTERED NUMBER:00598057



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,909,769
3,472,091

  
2,909,769
3,472,091

Current assets
  

Stocks
  
120,581
110,932

Debtors: amounts falling due within one year
 5 
347,129
429,689

Bank and cash balances
  
1,431,411
982,461

  
1,899,121
1,523,082

Creditors: amounts falling due within one year
 6 
(301,195)
(295,327)

Net current assets
  
 
 
1,597,926
 
 
1,227,755

Total assets less current liabilities
  
4,507,695
4,699,846

Provisions for liabilities
  

Deferred tax
  
-
(8,408)

  
 
 
-
 
 
(8,408)

Net assets
  
4,507,695
4,691,438


Capital and reserves
  

Called up share capital 
  
11,126
11,126

Profit and loss account
  
4,496,569
4,680,312

  
4,507,695
4,691,438


Page 1

 


W.AUSTIN & SONS (STEVENAGE) LIMITED
REGISTERED NUMBER:00598057


    
STATEMENT OF FINANCIAL POSITION (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 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: 




................................................
C M Hope
Director

Date: 29 November 2024

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

Page 2

 


W.AUSTIN & SONS (STEVENAGE) LIMITED
 


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

1.


General information

W.Austin & Sons (Stevenage) 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 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.

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.

Page 3

 


W.AUSTIN & SONS (STEVENAGE) LIMITED
 


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

2.Accounting policies (continued)

 
2.4

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
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 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.

 
2.6

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.

Page 4

 


W.AUSTIN & SONS (STEVENAGE) LIMITED
 


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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as noted below.

Depreciation is provided on the following basis:

Land and buildings
-
25% on reducing balance and 2% on cost
Plant and machinery
-
25% on 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.

 
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 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.

 
2.8

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 39 (2023 - 37).

Page 5

 


W.AUSTIN & SONS (STEVENAGE) LIMITED
 


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

4.


Tangible fixed assets





Land and buildings
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2023
4,308,611
1,800,458
6,109,069


Additions
473,535
53,151
526,686


Disposals
(987,273)
(24,198)
(1,011,471)



At 31 March 2024

3,794,873
1,829,411
5,624,284



Depreciation


At 1 April 2023
1,199,694
1,437,284
2,636,978


Charge for the year on owned assets
89,764
95,196
184,960


Disposals
(98,727)
(8,696)
(107,423)



At 31 March 2024

1,190,731
1,523,784
2,714,515



Net book value



At 31 March 2024
2,604,142
305,627
2,909,769



At 31 March 2023
3,108,917
363,174
3,472,091


5.


Debtors

2024
2023
£
£


Trade debtors
87,682
229,965

Amounts owed by connected undertakings
13,130
28,745

Other debtors
3,678
5,393

Prepayments and accrued income
219,989
165,586

Deferred taxation
22,650
-

347,129
429,689


Page 6

 


W.AUSTIN & SONS (STEVENAGE) LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
228,970
96,347

Amounts owed to connected undertakings
347
-

Corporation tax
-
103,347

Other taxation and social security
35,883
36,240

Other creditors
7,526
1,067

Accruals and deferred income
28,469
58,326

301,195
295,327



7.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
201,650
240,150

Later than 1 year and not later than 5 years
661,917
711,525

Later than 5 years
627,667
781,375

1,491,234
1,733,050


8.


Related party transactions

At the reporting date the company owed £6,459 (2023: £Nil) to the directors. The balance can be found within creditors due within one year and no interest is being charged on this.
At the reporting date the company was owed £13,130 (2023: £28,745) by companies under common control. The balance can be found within debtors and no interest is being charged on this.
The company also owed £347 (2023: £Nil) to companies under common control. This balance can be found within creditors due within one year and no interest is being charged on this

 
Page 7