Caseware UK (AP4) 2024.0.164 2024.0.164 false2023-07-01The principal activities of the company are that of funeral directors, monumental masonry and catering.5443truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00625725 2023-07-01 2024-06-30 00625725 2022-07-01 2023-06-30 00625725 2024-06-30 00625725 2023-06-30 00625725 c:Director5 2023-07-01 2024-06-30 00625725 d:Buildings 2023-07-01 2024-06-30 00625725 d:Buildings 2024-06-30 00625725 d:Buildings 2023-06-30 00625725 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00625725 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 00625725 d:Buildings d:LongLeaseholdAssets 2024-06-30 00625725 d:Buildings d:LongLeaseholdAssets 2023-06-30 00625725 d:PlantMachinery 2023-07-01 2024-06-30 00625725 d:PlantMachinery 2024-06-30 00625725 d:PlantMachinery 2023-06-30 00625725 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00625725 d:MotorVehicles 2023-07-01 2024-06-30 00625725 d:MotorVehicles 2024-06-30 00625725 d:MotorVehicles 2023-06-30 00625725 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00625725 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00625725 d:CurrentFinancialInstruments 2024-06-30 00625725 d:CurrentFinancialInstruments 2023-06-30 00625725 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00625725 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00625725 d:ShareCapital 2024-06-30 00625725 d:ShareCapital 2023-06-30 00625725 d:SharePremium 2023-07-01 2024-06-30 00625725 d:SharePremium 2024-06-30 00625725 d:SharePremium 2023-06-30 00625725 d:CapitalRedemptionReserve 2023-07-01 2024-06-30 00625725 d:CapitalRedemptionReserve 2024-06-30 00625725 d:CapitalRedemptionReserve 2023-06-30 00625725 d:OtherMiscellaneousReserve 2023-07-01 2024-06-30 00625725 d:OtherMiscellaneousReserve 2024-06-30 00625725 d:OtherMiscellaneousReserve 2023-06-30 00625725 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 00625725 d:RetainedEarningsAccumulatedLosses 2024-06-30 00625725 d:RetainedEarningsAccumulatedLosses 2023-06-30 00625725 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-06-30 00625725 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-06-30 00625725 c:OrdinaryShareClass1 2023-07-01 2024-06-30 00625725 c:OrdinaryShareClass1 2024-06-30 00625725 c:OrdinaryShareClass1 2023-06-30 00625725 c:OrdinaryShareClass2 2023-07-01 2024-06-30 00625725 c:OrdinaryShareClass2 2024-06-30 00625725 c:OrdinaryShareClass2 2023-06-30 00625725 c:FRS102 2023-07-01 2024-06-30 00625725 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00625725 c:FullAccounts 2023-07-01 2024-06-30 00625725 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00625725 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 00625725 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 00625725 d:OtherDeferredTax 2024-06-30 00625725 d:OtherDeferredTax 2023-06-30 00625725 2 2023-07-01 2024-06-30 00625725 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00625725










H.D.Tribe Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2024

 
H.D.Tribe Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of H.D.Tribe Limited for the year ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H.D.Tribe Limited for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of H.D.Tribe Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of H.D.Tribe Limited and state those matters that we have agreed to state to the Board of directors of H.D.Tribe Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H.D.Tribe Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that H.D.Tribe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H.D.Tribe Limited. You consider that H.D.Tribe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of H.D.Tribe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
23 December 2024
Page 1

 
H.D.Tribe Limited
Registered number: 00625725

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,824,405
2,536,087

  
2,824,405
2,536,087

Current assets
  

Stocks
  
78,142
89,333

Debtors: amounts falling due within one year
 5 
581,463
606,241

Current asset investments
 6 
603,671
803,657

Cash at bank and in hand
  
471,080
290,178

  
1,734,356
1,789,409

Creditors: amounts falling due within one year
 7 
(843,326)
(771,162)

Net current assets
  
 
 
891,030
 
 
1,018,247

Total assets less current liabilities
  
3,715,435
3,554,334

Provisions for liabilities
  

Deferred tax
 8 
(218,132)
(226,005)

Other provisions
 9 
(100,000)
(100,000)

  
 
 
(318,132)
 
 
(326,005)

Net assets
  
3,397,303
3,228,329


Capital and reserves
  

Called up share capital 
 10 
17,300
17,300

Share premium account
 11 
8,970
8,970

Capital redemption reserve
 11 
3,503
3,503

Other reserves
 11 
77,806
51,141

Profit and loss account
 11 
3,289,724
3,147,415

  
3,397,303
3,228,329


Page 2

 
H.D.Tribe Limited
Registered number: 00625725

Balance sheet (continued)
As at 30 June 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 by: 




................................................
M J Webber
Director

Date: 17 December 2024

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

H.D.Tribe Limited is a private company limited by share capital incorporated in England and Wales (Registered number 00625725).
The address of the registered office is:
130 Broadwater Road
Worthing
West Sussex
BN14 8HU

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

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.

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Page 4

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

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

 
2.8

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.

 
2.9

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.


Page 5

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.10

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, as follows.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Leasehold buildings
-
period of lease and 18 years
Plant and machinery
-
25%
reducing balance and 25% straight line
Motor vehicles
-
20%
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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.15

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 Balance sheet 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.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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 7

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)


2.15
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.

 
2.16

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 54 (2023 - 43).

Page 8

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

4.


Tangible fixed assets





Freehold property
Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
1,565,925
1,045,331
570,849
719,923
3,902,028


Additions
365,348
2,768
57,208
-
425,324


Disposals
-
-
-
(16,500)
(16,500)



At 30 June 2024

1,931,273
1,048,099
628,057
703,423
4,310,852



Depreciation


At 1 July 2023
120,998
312,279
530,505
402,159
1,365,941


Charge for the year on owned assets
28,611
35,847
18,057
54,490
137,005


Disposals
-
-
-
(16,499)
(16,499)



At 30 June 2024

149,609
348,126
548,562
440,150
1,486,447



Net book value



At 30 June 2024
1,781,664
699,973
79,495
263,273
2,824,405



At 30 June 2023
1,444,927
733,052
40,344
317,764
2,536,087

Page 9

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

5.


Debtors

2024
2023
£
£


Trade debtors
515,841
441,971

Other debtors
5,985
96,678

Prepayments and accrued income
59,637
67,592

581,463
606,241



6.


Current asset investments

2024
2023
£
£

Listed investments
603,671
803,657

603,671
803,657



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Debenture loans
300,000
300,000

Trade creditors
63,200
71,189

Corporation tax
166,671
-

Other taxation and social security
9,612
13

Other creditors
247,148
359,310

Accruals and deferred income
56,695
40,650

843,326
771,162


Page 10

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

8.


Deferred taxation




2024


£






At beginning of year
(226,005)


Charged to profit or loss
7,873



At end of year
(218,132)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(242,827)
(248,919)

Other short term differences
24,695
22,914

(218,132)
(226,005)


9.


Other provisions




Dilapidation provision

£





At 1 July 2023
100,000



At 30 June 2024
100,000

This dilapidation provision is in respect of the Chapel at Shoreham and is required to provide for the cost of returning the property to its original state on return to the freeholder. The lease expires in December 2033.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



17,297 (2023 - 17,297) Ordinary A shares of £1.00 each
17,297
17,297
3 (2023 - 3) Ordinary B shares of £1.00 each
3
3

17,300

17,300


Page 11

 
H.D.Tribe Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

11.


Reserves

Share premium account

The differences between the par value of the company's shares and the total amount received for those shares.

Capital redemption reserve

This includes historic amounts in relation to the buy back of own shares.

Other reserves

This includes all current and prior period gains and losses on current asset investments and is not considered to be distributable.

Profit and loss account

This includes all current and prior period retained profits and losses and is considered to be distributable.


12.


Pension commitments

The Company operates a defined contribution pension scheme. Contributions totalling £8,400 (2023 - £8,400) were payable to the fund at the balance sheet date and are included in creditors.


13.Other financial commitments

At the year end the Company had committed to future rental payments totalling £570,000 (2023 - £630,000)


Page 12