Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2023-05-01falseNo description of principal activity66false SC419707 2023-05-01 2024-04-30 SC419707 2022-05-01 2023-04-30 SC419707 2024-04-30 SC419707 2023-04-30 SC419707 c:Director1 2023-05-01 2024-04-30 SC419707 c:Director2 2023-05-01 2024-04-30 SC419707 c:RegisteredOffice 2023-05-01 2024-04-30 SC419707 d:Buildings 2023-05-01 2024-04-30 SC419707 d:Buildings 2024-04-30 SC419707 d:Buildings 2023-04-30 SC419707 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC419707 d:FurnitureFittings 2023-05-01 2024-04-30 SC419707 d:FurnitureFittings 2024-04-30 SC419707 d:FurnitureFittings 2023-04-30 SC419707 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC419707 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC419707 d:CurrentFinancialInstruments 2024-04-30 SC419707 d:CurrentFinancialInstruments 2023-04-30 SC419707 d:Non-currentFinancialInstruments 2024-04-30 SC419707 d:Non-currentFinancialInstruments 2023-04-30 SC419707 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC419707 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC419707 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC419707 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC419707 d:ShareCapital 2024-04-30 SC419707 d:ShareCapital 2023-04-30 SC419707 d:CapitalRedemptionReserve 2024-04-30 SC419707 d:CapitalRedemptionReserve 2023-04-30 SC419707 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC419707 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC419707 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC419707 c:OrdinaryShareClass1 2024-04-30 SC419707 c:OrdinaryShareClass1 2023-04-30 SC419707 c:OrdinaryShareClass2 2023-05-01 2024-04-30 SC419707 c:OrdinaryShareClass2 2024-04-30 SC419707 c:OrdinaryShareClass2 2023-04-30 SC419707 c:OrdinaryShareClass3 2023-05-01 2024-04-30 SC419707 c:OrdinaryShareClass3 2023-04-30 SC419707 c:OrdinaryShareClass4 2023-05-01 2024-04-30 SC419707 c:OrdinaryShareClass4 2024-04-30 SC419707 c:OrdinaryShareClass4 2023-04-30 SC419707 c:FRS102 2023-05-01 2024-04-30 SC419707 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC419707 c:FullAccounts 2023-05-01 2024-04-30 SC419707 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC419707 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC419707










CHARLES WOOD & SON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
CHARLES WOOD & SON LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr C T Cant 
Mr C W Cant 




REGISTERED NUMBER
SC419707



REGISTERED OFFICE
37 Kirk Wynd

Kirkcaldy

Fife

KY1 1EN




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
CHARLES WOOD & SON LIMITED
REGISTERED NUMBER: SC419707

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
284,065
281,590

  
284,065
281,590

Current assets
  

Debtors: amounts falling due within one year
 5 
166,256
155,407

Cash at bank and in hand
  
514,494
500,868

  
680,750
656,275

Creditors: amounts falling due within one year
 6 
(346,249)
(281,329)

Net current assets
  
 
 
334,501
 
 
374,946

Total assets less current liabilities
  
618,566
656,536

Creditors: amounts falling due after more than one year
 7 
(16,119)
(31,119)

  

Net assets
  
602,447
625,417


Capital and reserves
  

Called up share capital 
 8 
100
105

Capital redemption reserve
  
5
-

Profit and loss account
  
602,342
625,312

  
602,447
625,417


Page 1

 
CHARLES WOOD & SON LIMITED
REGISTERED NUMBER: SC419707

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 comprehensive income 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 25 November 2024.




Mr C W Cant
Director

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

Page 2

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

Charles Wood & Son Limited is a private company, limited by shares and incorporated in Scotland.  The address of the registered office is 37 Kirk Wynd, Kirkcaldy, Fife, KY1 1EN.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

Page 3

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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 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.

Page 4

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
nil
Fixtures and fittings
-
25% to 33.33% 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.

 
2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

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 6 (2023 - 6).

Page 5

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


TANGIBLE FIXED ASSETS





Freehold property
Fixtures, fittings and equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
280,000
18,849
298,849


Additions
-
4,622
4,622



At 30 April 2024

280,000
23,471
303,471



Depreciation


At 1 May 2023
-
17,259
17,259


Charge for the year on owned assets
-
2,147
2,147



At 30 April 2024

-
19,406
19,406



Net book value



At 30 April 2024
280,000
4,065
284,065



At 30 April 2023
280,000
1,590
281,590


5.


DEBTORS

2024
2023
£
£


Trade debtors
77,656
71,722

Other debtors
64,563
56,743

Prepayments and accrued income
18,008
22,108

Deferred taxation
6,029
4,834

166,256
155,407


Page 6

 
CHARLES WOOD & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
80,576
54,960

Other creditors
213,027
181,961

Accruals and deferred income
52,646
44,408

346,249
281,329


Secured loans
Other creditors as noted above are secured by a combination of a standard security over the company's freehold property and a floating charge.


7.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
16,119
31,119


Secured loans
Other creditors as noted above are secured by a standard security over the company's freehold property.


8.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



5 (2023 - 5) Ordinary A shares of £1.00 each
5
5
5 (2023 - 5) Ordinary B shares of £1.00 each
5
5
0 (2023 - 5) Ordinary C shares of £1.00 each
-
5
90 (2023 - 90) Ordinary shares of £1.00 each
90
90

100

105

The company bought back 5 Ordinary C Shares of £1 each at the par value. 



9.


COMMITMENTS UNDER OPERATING LEASES

The Company had no commitments under non-cancellable operating leases at the reporting date.


10.


CONTROLLING PARTY

During the period, the company became a wholly owned subsidiary of Charles Wood Law Limited, a company registered in Scotland. 

Page 7