Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00757948 2023-06-01 2024-05-31 00757948 2022-06-01 2023-05-31 00757948 2024-05-31 00757948 2023-05-31 00757948 c:Director2 2023-06-01 2024-05-31 00757948 d:PlantMachinery 2023-06-01 2024-05-31 00757948 d:PlantMachinery 2024-05-31 00757948 d:PlantMachinery 2023-05-31 00757948 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 00757948 d:OfficeEquipment 2023-06-01 2024-05-31 00757948 d:OfficeEquipment 2024-05-31 00757948 d:OfficeEquipment 2023-05-31 00757948 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 00757948 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 00757948 d:CurrentFinancialInstruments 2024-05-31 00757948 d:CurrentFinancialInstruments 2023-05-31 00757948 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 00757948 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 00757948 d:ShareCapital 2024-05-31 00757948 d:ShareCapital 2023-05-31 00757948 d:CapitalRedemptionReserve 2023-06-01 2024-05-31 00757948 d:CapitalRedemptionReserve 2024-05-31 00757948 d:CapitalRedemptionReserve 2023-05-31 00757948 d:RetainedEarningsAccumulatedLosses 2024-05-31 00757948 d:RetainedEarningsAccumulatedLosses 2023-05-31 00757948 c:OrdinaryShareClass1 2023-06-01 2024-05-31 00757948 c:OrdinaryShareClass1 2024-05-31 00757948 c:OrdinaryShareClass1 2023-05-31 00757948 c:FRS102 2023-06-01 2024-05-31 00757948 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 00757948 c:FullAccounts 2023-06-01 2024-05-31 00757948 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 00757948 2 2023-06-01 2024-05-31 00757948 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00757948









A.F.HUSSEY(LONDON)LIMITED







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2024

 
A.F.HUSSEY(LONDON)LIMITED
Registered number: 00757948

Balance Sheet
As at 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
468
1,180

  
468
1,180

Current assets
  

Stocks
 5 
6,370
9,354

Debtors: amounts falling due within one year
 6 
81,180
46,440

Cash at bank and in hand
 7 
78,536
82,389

  
166,086
138,183

Creditors: amounts falling due within one year
 8 
(53,216)
(41,682)

Net current assets
  
 
 
112,870
 
 
96,501

Total assets less current liabilities
  
113,338
97,681

  

Net assets
  
113,338
97,681


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Capital redemption reserve
 10 
1,000
1,000

Profit and loss account
 10 
111,338
95,681

  
113,338
97,681


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 28 October 2024.

Page 1

 
A.F.HUSSEY(LONDON)LIMITED
Registered number: 00757948
    
Balance Sheet (continued)
As at 31 May 2024




Brian John Harmsworth
Director

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

Page 2

 
A.F.HUSSEY(LONDON)LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2024

1.


General information

A.F Hussey (London) 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. 

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 3

 
A.F.HUSSEY(LONDON)LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.


 
2.7

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:

Plant & machinery
-
10% straight line
Office equipment
-
25% written down value

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

 
A.F.HUSSEY(LONDON)LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2024

2.Accounting policies (continued)

 
2.8

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 on a first in first out basis basis. 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
A.F.HUSSEY(LONDON)LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2024

3.


Employees

2024
2023
£
£

Wages and salaries
172,337
134,978

Social security costs
7,027
5,088

Cost of defined contribution scheme
1,421
1,465

180,785
141,531


The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Manufacturing
6
6



Administration
1
1

7
7


4.


Tangible fixed assets





Plant & machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
11,629
5,766
17,395


Additions
95
135
230



At 31 May 2024

11,724
5,901
17,625



Depreciation


At 1 June 2023
10,779
5,436
16,215


Charge for the year on owned assets
858
84
942



At 31 May 2024

11,637
5,520
17,157



Net book value



At 31 May 2024
87
381
468



At 31 May 2023
850
330
1,180

Page 6

 
A.F.HUSSEY(LONDON)LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2024

5.


Stocks

2024
2023
£
£

Raw materials and consumables
4,820
7,574

Work in progress (goods to be sold)
1,550
1,780

6,370
9,354



6.


Debtors

2024
2023
£
£


Trade debtors
50,539
21,017

Other debtors
-
59

Prepayments and accrued income
30,641
25,364

81,180
46,440



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
78,536
82,389

78,536
82,389



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,925
7,984

Corporation tax
6,420
4,080

Other taxation and social security
14,313
14,590

Other creditors
10,362
112

Accruals and deferred income
18,196
14,916

53,216
41,682


Page 7

 
A.F.HUSSEY(LONDON)LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 May 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) ordinary shares of £1.00 each
1,000
1,000



10.


Reserves

Capital redemption reserve

Transfer on purchase of own shares £1,000.

Page 8