Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalse2023-05-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03381278 2023-05-01 2024-04-30 03381278 2022-05-01 2023-04-30 03381278 2024-04-30 03381278 2023-04-30 03381278 c:Director2 2023-05-01 2024-04-30 03381278 d:Buildings 2023-05-01 2024-04-30 03381278 d:Buildings 2024-04-30 03381278 d:Buildings 2023-04-30 03381278 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03381278 d:PlantMachinery 2023-05-01 2024-04-30 03381278 d:PlantMachinery 2024-04-30 03381278 d:PlantMachinery 2023-04-30 03381278 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03381278 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03381278 d:CurrentFinancialInstruments 2024-04-30 03381278 d:CurrentFinancialInstruments 2023-04-30 03381278 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03381278 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03381278 d:ShareCapital 2024-04-30 03381278 d:ShareCapital 2023-04-30 03381278 d:RetainedEarningsAccumulatedLosses 2024-04-30 03381278 d:RetainedEarningsAccumulatedLosses 2023-04-30 03381278 c:FRS102 2023-05-01 2024-04-30 03381278 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03381278 c:FullAccounts 2023-05-01 2024-04-30 03381278 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03381278 2 2023-05-01 2024-04-30 03381278 6 2023-05-01 2024-04-30 03381278 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03381278










WR & PJ TANN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
WR & PJ TANN LIMITED
REGISTERED NUMBER:03381278

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
885,943
912,098

Investments
 5 
53,220
53,220

  
939,163
965,318

Current assets
  

Stocks
  
42,322
70,411

Debtors: amounts falling due within one year
 6 
7,230,010
7,221,559

Cash at bank and in hand
  
1,023,717
1,328,911

  
8,296,049
8,620,881

Creditors: amounts falling due within one year
 7 
(67,859)
(327,047)

Net current assets
  
 
 
8,228,190
 
 
8,293,834

Total assets less current liabilities
  
9,167,353
9,259,152

  

Net assets
  
9,167,353
9,259,152


Capital and reserves
  

Called up share capital 
  
1,350,002
1,350,002

Profit and loss account
  
7,817,351
7,909,150

  
9,167,353
9,259,152


Page 1

 
WR & PJ TANN LIMITED
REGISTERED NUMBER:03381278
    
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 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 by: 




D R Tann
Director

Date: 8 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WR & PJ TANN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

WR & PJ Tann Limited is a private company limited by shares and incorporated in England and Wales, registration number 03381278. The registered office is Grange Farm, Repps Road, Martham, Great Yarmouth, Norfolk, NR29 4RA.

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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
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:

Sale of goods

Turnover 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 turnover 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

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.

Page 3

 
WR & PJ TANN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Interest income

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

  
2.4

Borrowing costs

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

 
2.5

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.


 
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.

Land is not depreciated. Depreciation on other assets 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
-
nil
Plant & machinery
-
10%
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

Intangible assets

Intangible assets relate to the Basic Payment Scheme entitlements held by the company.

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
WR & PJ TANN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Page 5

 
WR & PJ TANN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.14

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 2 (2023 - 2).

Page 6

 
WR & PJ TANN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 May 2023
649,543
475,687
1,125,230


Additions
-
1,087
1,087


Disposals
-
(1,835)
(1,835)



At 30 April 2024

649,543
474,939
1,124,482



Depreciation


At 1 May 2023
-
213,132
213,132


Charge for the year on owned assets
-
26,267
26,267


Disposals
-
(860)
(860)



At 30 April 2024

-
238,539
238,539



Net book value



At 30 April 2024
649,543
236,400
885,943



At 30 April 2023
649,543
262,555
912,098


5.


Fixed asset investments





Unlisted investments
Other fixed asset investments
Total

£
£
£



Cost or valuation


At 1 May 2023
6,020
47,200
53,220



At 30 April 2024
6,020
47,200
53,220




Page 7

 
WR & PJ TANN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
74,694
64,758

Other debtors
7,142,830
7,144,713

Prepayments and accrued income
12,486
12,088

7,230,010
7,221,559



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
40,402
32,560

Corporation tax
15,293
281,009

Other taxation and social security
3,997
3,571

Accruals and deferred income
8,167
9,907

67,859
327,047



Page 8