Caseware UK (AP4) 2023.0.135 2023.0.135 44truetrue2023-01-01falsemanufacturing of hair nets and other related headwear.43truetruefalse 08829906 2023-01-01 2023-12-31 08829906 2022-01-01 2022-12-31 08829906 2023-12-31 08829906 2022-12-31 08829906 c:Director1 2023-01-01 2023-12-31 08829906 d:CurrentFinancialInstruments 2023-12-31 08829906 d:CurrentFinancialInstruments 2022-12-31 08829906 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08829906 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08829906 d:ShareCapital 2023-12-31 08829906 d:ShareCapital 2022-12-31 08829906 d:RetainedEarningsAccumulatedLosses 2023-12-31 08829906 d:RetainedEarningsAccumulatedLosses 2022-12-31 08829906 c:FRS102 2023-01-01 2023-12-31 08829906 c:Audited 2023-01-01 2023-12-31 08829906 c:FullAccounts 2023-01-01 2023-12-31 08829906 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08829906 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08829906 2 2023-01-01 2023-12-31 08829906 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 08829906













 
Aburnet (Hair Containment Solutions) Limited
Financial Statements
Information for filing with the registrar
For the year ended 31 December 2023




































Page Kirk LLP
Chartered Accountants and Statutory Auditors
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB


 
Aburnet (Hair Containment Solutions) Limited
Registered number:08829906


Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
670,867
486,124

Debtors
 4 
1,457,468
1,109,481

Cash at bank and in hand
 5 
574,227
774,288

  
2,702,562
2,369,893

Creditors: amounts falling due within one year
 6 
(2,053,469)
(1,966,686)

Net current assets
  
 
 
649,093
 
 
403,207

Total assets less current liabilities
  
649,093
403,207

  

Net assets
  
649,093
403,207


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
648,993
403,107

Shareholders' funds
  
649,093
403,207


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 profit and loss account 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 31 January 2025.




................................................
Mr R J S Burnet
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1


 
Aburnet (Hair Containment Solutions) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Manners Avenue
Manners Industrial Estate
Ilkeston
Derbyshire
DE7 8EF

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of Aburnet Limited as at 31/12/2023 and these financial statements may be obtained from Companies House.

Page 2


 
Aburnet (Hair Containment Solutions) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

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.

Page 3


 
Aburnet (Hair Containment Solutions) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

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.


 
2.9

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 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.

Page 4


 
Aburnet (Hair Containment Solutions) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
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 only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.
 
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.

 

Page 5


 
Aburnet (Hair Containment Solutions) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2022 - 43).


4.


Debtors

2023
2022
£
£


Trade debtors
1,120,489
984,686

Amounts owed by group undertakings
208,464
47

Other debtors
165
13,949

Prepayments and accrued income
128,350
110,799

1,457,468
1,109,481



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
574,227
774,288

574,227
774,288



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
278,691
248,671

Amounts owed to group undertakings
1,089,148
1,131,573

Other taxation and social security
82,889
103,196

Accruals and deferred income
602,741
483,246

2,053,469
1,966,686


Page 6


 
Aburnet (Hair Containment Solutions) Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

7.


Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is Aburnet Limited, incorporated in England.
The address of Aburnet Limited is:
Manners Avenue
Manners Industrial Estate
Ilkeston
Derbyshire
England
DE7 8EF

8.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 31 January 2025 by John S Wallis (FCA) (Senior statutory auditor) on behalf of Page Kirk LLP.

 
Page 7