Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3118312023-06-01falsefuneral and related activities1715truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04763584 2023-06-01 2024-05-31 04763584 2022-06-01 2023-05-31 04763584 2024-05-31 04763584 2023-05-31 04763584 c:Director1 2023-06-01 2024-05-31 04763584 c:Director2 2023-06-01 2024-05-31 04763584 d:Buildings 2023-06-01 2024-05-31 04763584 d:Buildings 2024-05-31 04763584 d:Buildings 2023-05-31 04763584 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04763584 d:Buildings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 04763584 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 04763584 d:Buildings d:LongLeaseholdAssets 2024-05-31 04763584 d:Buildings d:LongLeaseholdAssets 2023-05-31 04763584 d:PlantMachinery 2023-06-01 2024-05-31 04763584 d:PlantMachinery 2024-05-31 04763584 d:PlantMachinery 2023-05-31 04763584 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04763584 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 04763584 d:MotorVehicles 2023-06-01 2024-05-31 04763584 d:MotorVehicles 2024-05-31 04763584 d:MotorVehicles 2023-05-31 04763584 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04763584 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 04763584 d:FurnitureFittings 2023-06-01 2024-05-31 04763584 d:FurnitureFittings 2024-05-31 04763584 d:FurnitureFittings 2023-05-31 04763584 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04763584 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 04763584 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04763584 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 04763584 d:Goodwill 2024-05-31 04763584 d:Goodwill 2023-05-31 04763584 d:FreeholdInvestmentProperty 2024-05-31 04763584 d:FreeholdInvestmentProperty 2023-05-31 04763584 d:CurrentFinancialInstruments 2024-05-31 04763584 d:CurrentFinancialInstruments 2023-05-31 04763584 d:Non-currentFinancialInstruments 2024-05-31 04763584 d:Non-currentFinancialInstruments 2023-05-31 04763584 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04763584 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04763584 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 04763584 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 04763584 d:ShareCapital 2024-05-31 04763584 d:ShareCapital 2023-05-31 04763584 d:RetainedEarningsAccumulatedLosses 2024-05-31 04763584 d:RetainedEarningsAccumulatedLosses 2023-05-31 04763584 c:FRS102 2023-06-01 2024-05-31 04763584 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04763584 c:FullAccounts 2023-06-01 2024-05-31 04763584 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04763584 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 04763584 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 04763584 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 04763584 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 04763584 2 2023-06-01 2024-05-31 04763584 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 04763584










W. C. LITTLEPROUD & SON LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
W. C. LITTLEPROUD & SON LTD
REGISTERED NUMBER: 04763584

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
472,476
443,726

Investment property
 6 
275,000
275,000

  
747,476
718,726

Current assets
  

Stocks
  
43,535
47,131

Debtors: amounts falling due after more than one year
 7 
80,292
18,584

Debtors: amounts falling due within one year
 7 
435,341
281,881

Cash at bank and in hand
  
997,718
1,107,211

  
1,556,886
1,454,807

Creditors: amounts falling due within one year
 8 
(249,947)
(184,611)

Net current assets
  
 
 
1,306,939
 
 
1,270,196

Total assets less current liabilities
  
2,054,415
1,988,922

Creditors: amounts falling due after more than one year
 9 
(15,000)
-

Provisions for liabilities
  

Deferred tax
  
(4,068)
(10,775)

  
 
 
(4,068)
 
 
(10,775)

Net assets
  
2,035,347
1,978,147


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,035,247
1,978,047

  
2,035,347
1,978,147


Page 1

 
W. C. LITTLEPROUD & SON LTD
REGISTERED NUMBER: 04763584
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 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 by: 




................................................
Mr M Littleproud
................................................
Mr P Littleproud
Director
Director


Date: 19 February 2025

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

W.C. Littleproud & Son Ltd is a private company limited by shares and incorporated in England and Wales, registration number 04763584. The registered office is Hale Road, Bradenham, Thetford, Norfolk, IP25 7RA.

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

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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.

 
2.4

Interest income

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

 
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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 reporting 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 reporting 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 reporting date.


Page 4

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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, using the straight line and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight lane
Land and buildings - leasehold
-
10%
Straight lane
Plant & machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures & fittings
-
20%
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.

 
2.9

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.

 
2.10

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.

Page 5

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

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.
Page 6

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)


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.

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 17 (2023 - 15).

Page 7

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
15,447



At 31 May 2024

15,447



Amortisation


At 1 June 2023
15,447



At 31 May 2024

15,447



Net book value



At 31 May 2024
-



At 31 May 2023
-



Page 8

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Freehold property
Leasehold land and buildings
Plant & machinery
Motor vehicles
Furniture, fittings and equipment

£
£
£
£
£



Cost 


At 1 June 2023
358,543
13,873
28,389
404,318
50,544


Additions
-
18,314
-
63,844
3,377


Disposals
-
-
(420)
-
(2,712)



At 31 May 2024

358,543
32,187
27,969
468,162
51,209



Depreciation


At 1 June 2023
44,088
13,873
20,804
300,562
32,614


Charge for the year on owned assets
7,171
1,831
1,080
25,690
3,762


Charge for the year on financed assets
-
-
-
15,961
-


Disposals
-
-
(356)
-
(1,486)



At 31 May 2024

51,259
15,704
21,528
342,213
34,890



Net book value



At 31 May 2024
307,284
16,483
6,441
125,949
16,319



At 31 May 2023
314,455
-
7,585
103,756
17,930
Page 9

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

           5.Tangible fixed assets (continued)


Total

£



Cost 


At 1 June 2023
855,667


Additions
85,535


Disposals
(3,132)



At 31 May 2024

938,070



Depreciation


At 1 June 2023
411,941


Charge for the year on owned assets
39,534


Charge for the year on financed assets
15,961


Disposals
(1,842)



At 31 May 2024

465,594



Net book value



At 31 May 2024
472,476



At 31 May 2023
443,726

Page 10

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
275,000



At 31 May 2024
275,000

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





7.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
80,292
18,584


2024
2023
£
£

Due within one year

Trade debtors
77,774
82,848

Other debtors
239,853
57,013

Prepayments and accrued income
117,714
142,020

435,341
281,881


Page 11

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
16,576
13,520

Trade creditors
46,313
42,486

Corporation tax
121,892
88,136

Other taxation and social security
4,465
5,008

Obligations under finance lease and hire purchase contracts
15,000
-

Other creditors
38,401
28,740

Accruals and deferred income
7,300
6,721

249,947
184,611


The following liabilities were secured:




Details of security provided:

Net obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
15,000
-


Net obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.

Page 12

 
W. C. LITTLEPROUD & SON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
15,000
-

Between 1-5 years
15,000
-

30,000
-

Net obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.


11.


Related party transactions

At the year end P Littleproud director of the company owed the company £237,902 (2023: £55,063). M Littleproud director of the company was owed by the company £18,655 (2023 - £9,400). No interest is being charged. Balances are repayable on demand.

 
Page 13