Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11303289 2023-05-01 2024-04-30 11303289 2022-05-01 2023-04-30 11303289 2024-04-30 11303289 2023-04-30 11303289 2022-05-01 11303289 1 2022-05-01 2023-04-30 11303289 d:Director1 2023-05-01 2024-04-30 11303289 e:PlantMachinery 2023-05-01 2024-04-30 11303289 e:PlantMachinery 2024-04-30 11303289 e:PlantMachinery 2023-04-30 11303289 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11303289 e:MotorVehicles 2023-05-01 2024-04-30 11303289 e:MotorVehicles 2024-04-30 11303289 e:MotorVehicles 2023-04-30 11303289 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11303289 e:OfficeEquipment 2023-05-01 2024-04-30 11303289 e:OfficeEquipment 2024-04-30 11303289 e:OfficeEquipment 2023-04-30 11303289 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11303289 e:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11303289 e:FreeholdInvestmentProperty 2024-04-30 11303289 e:FreeholdInvestmentProperty 2023-04-30 11303289 e:CurrentFinancialInstruments 2024-04-30 11303289 e:CurrentFinancialInstruments 2023-04-30 11303289 e:Non-currentFinancialInstruments 2024-04-30 11303289 e:Non-currentFinancialInstruments 2023-04-30 11303289 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 11303289 e:CurrentFinancialInstruments e:WithinOneYear 2023-04-30 11303289 e:Non-currentFinancialInstruments e:AfterOneYear 2024-04-30 11303289 e:Non-currentFinancialInstruments e:AfterOneYear 2023-04-30 11303289 e:ShareCapital 2024-04-30 11303289 e:ShareCapital 2023-04-30 11303289 e:ShareCapital 2022-05-01 11303289 e:InvestmentPropertiesRevaluationReserve 2023-05-01 2024-04-30 11303289 e:InvestmentPropertiesRevaluationReserve 2024-04-30 11303289 e:InvestmentPropertiesRevaluationReserve 2023-04-30 11303289 e:InvestmentPropertiesRevaluationReserve 2022-05-01 11303289 e:InvestmentPropertiesRevaluationReserve 1 2022-05-01 2023-04-30 11303289 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 11303289 e:RetainedEarningsAccumulatedLosses 2024-04-30 11303289 e:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 11303289 e:RetainedEarningsAccumulatedLosses 2023-04-30 11303289 e:RetainedEarningsAccumulatedLosses 2022-05-01 11303289 e:RetainedEarningsAccumulatedLosses 1 2022-05-01 2023-04-30 11303289 d:FRS102 2023-05-01 2024-04-30 11303289 d:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11303289 d:FullAccounts 2023-05-01 2024-04-30 11303289 d:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11303289 e:ShareCapital 1 2022-05-01 2023-04-30 11303289 e:AcceleratedTaxDepreciationDeferredTax 2024-04-30 11303289 e:AcceleratedTaxDepreciationDeferredTax 2023-04-30 11303289 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11303289









SHERWOOD CONSULTANCY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
SHERWOOD CONSULTANCY LIMITED
REGISTERED NUMBER: 11303289

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,915
2,744

Investment property
 5 
280,000
280,000

  
281,915
282,744

Current assets
  

Debtors: amounts falling due within one year
 6 
4,040
2,570

Cash at bank and in hand
  
40,388
25,125

  
44,428
27,695

Creditors: amounts falling due within one year
 7 
(8,950)
(8,449)

Net current assets
  
 
 
35,478
 
 
19,246

Total assets less current liabilities
  
317,393
301,990

Creditors: amounts falling due after more than one year
 8 
(136,058)
(143,058)

Provisions for liabilities
  

Deferred tax
 9 
(17,129)
(17,287)

Net assets
  
164,206
141,645


Capital and reserves
  

Called up share capital 
  
200
200

Investment property revaluation reserve
 10 
71,475
71,475

Profit and loss account
 10 
92,531
69,970

  
164,206
141,645


Page 1

 
SHERWOOD CONSULTANCY LIMITED
REGISTERED NUMBER: 11303289
    
BALANCE SHEET (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 24 January 2025.




A M Snell
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
SHERWOOD CONSULTANCY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 May 2022
200
47,175
51,116
98,491


Comprehensive income for the year

Profit for the year
-
-
47,154
47,154

Net gain on revaluation of investment property
-
24,300
(24,300)
-


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(4,000)
(4,000)



At 1 May 2023
200
71,475
69,970
141,645


Comprehensive income for the year

Profit for the year
-
-
24,561
24,561


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(2,000)
(2,000)


At 30 April 2024
200
71,475
92,531
164,206


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
SHERWOOD CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a private limited company, which is incorporated and registered in England (registration number: 11303289). The address of the registered office is Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR.

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

At the date of signing there is a degree of uncertainty about the economic impact of the cost of living and wider geopolitical issues. The directors continue to monitor the position closely, however they believe that the company will maintain its current level of activity and therefore continue to adopt the going concern basis.

 
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:

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 4

 
SHERWOOD CONSULTANCY 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 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.


 
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 and reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line basis
Motor vehicles
-
25%
reducing balance basis
Office equipment
-
25%
straight line 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.

Page 5

 
SHERWOOD CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
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 3 (2023 - 3)


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
731
7,000
2,882
10,613



At 30 April 2024

731
7,000
2,882
10,613



Depreciation


At 1 May 2023
620
4,784
2,464
7,868


Charge for the year on owned assets
108
554
168
830



At 30 April 2024

728
5,338
2,632
8,698



Net book value



At 30 April 2024
3
1,662
250
1,915



At 30 April 2023
110
2,216
418
2,744

Page 6

 
SHERWOOD CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
280,000



At 30 April 2024
280,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Trade debtors
3,400
2,000

Prepayments and accrued income
640
570

4,040
2,570



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
5,951
5,448

Accruals and deferred income
2,999
3,001

8,950
8,449



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
136,058
143,058


Page 7

 
SHERWOOD CONSULTANCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Deferred taxation




2024


£






At beginning of year
(17,287)


Charged to profit or loss
158



At end of year
(17,129)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(17,129)
(17,287)

(17,129)
(17,287)


10.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve is not distributable, it contains unrealised gains on the valuation of the investment property.

Profit and loss account

The profit and loss reserve includes all current and prior retained profits and losses.

 
Page 8