Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01false910falsetruefalse 07915886 2023-07-01 2024-06-30 07915886 2022-07-01 2023-06-30 07915886 2024-06-30 07915886 2023-06-30 07915886 2022-07-01 07915886 c:Director1 2023-07-01 2024-06-30 07915886 d:PlantMachinery 2023-07-01 2024-06-30 07915886 d:PlantMachinery 2024-06-30 07915886 d:PlantMachinery 2023-06-30 07915886 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07915886 d:FurnitureFittings 2023-07-01 2024-06-30 07915886 d:FurnitureFittings 2024-06-30 07915886 d:FurnitureFittings 2023-06-30 07915886 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07915886 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07915886 d:CurrentFinancialInstruments 2024-06-30 07915886 d:CurrentFinancialInstruments 2023-06-30 07915886 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07915886 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07915886 d:ShareCapital 2024-06-30 07915886 d:ShareCapital 2023-06-30 07915886 d:RetainedEarningsAccumulatedLosses 2024-06-30 07915886 d:RetainedEarningsAccumulatedLosses 2023-06-30 07915886 c:FRS102 2023-07-01 2024-06-30 07915886 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07915886 c:FullAccounts 2023-07-01 2024-06-30 07915886 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07915886 d:WithinOneYear 2024-06-30 07915886 d:WithinOneYear 2023-06-30 07915886 d:BetweenOneFiveYears 2024-06-30 07915886 d:BetweenOneFiveYears 2023-06-30 07915886 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 07915886 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 07915886 2 2023-07-01 2024-06-30 07915886 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 07915886









TISSHAWS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
TISSHAWS LIMITED
REGISTERED NUMBER: 07915886

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,937
6,324

  
6,937
6,324

Current assets
  

Debtors: amounts falling due within one year
 5 
427,704
336,986

Cash at bank and in hand
  
235,961
133,320

  
663,665
470,306

Creditors: amounts falling due within one year
 6 
(252,766)
(158,960)

Net current assets
  
 
 
410,899
 
 
311,346

Total assets less current liabilities
  
417,836
317,670

Provisions for liabilities
  

Deferred tax
 7 
(1,734)
(1,581)

  
 
 
(1,734)
 
 
(1,581)

Net assets
  
416,102
316,089


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
416,101
316,088

  
416,102
316,089


Page 1

 
TISSHAWS LIMITED
REGISTERED NUMBER: 07915886

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 her 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: 






G D J Tisshaw
Director

Date: 24 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TISSHAWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Tisshaws Limited is a private Company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 3 Hazelgrove Road, Haywards Heath, West Sussex, RH16 3PH. The registration number of the company is 07915886. This company is not part of a group.

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 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:

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.

Amounts recoverable on contracts are valued at cost including overhead expenses plus that proportion of attributable profits, estimated to be earned to date on the stage of completion, less provision for any known or anticipated losses and payments on account.

 
2.3

Interest income

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

Page 3

 
TISSHAWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 4

 
TISSHAWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Plant and machinery
-
3 year straight line
Fixtures and fittings
-
25% 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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


 

Page 5

 
TISSHAWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. 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 payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.11

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 6

 
TISSHAWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 10).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost


At 1 July 2023
20,657
9,906
30,563


Additions
3,803
-
3,803


Disposals
(3,293)
-
(3,293)



At 30 June 2024

21,167
9,906
31,073



Depreciation


At 1 July 2023
17,845
6,394
24,239


Charge for the year on owned assets
2,312
878
3,190


Disposals
(3,293)
-
(3,293)



At 30 June 2024

16,864
7,272
24,136



Net book value



At 30 June 2024
4,303
2,634
6,937



At 30 June 2023
2,812
3,512
6,324


5.


Debtors

2024
2023
£
£


Trade debtors
341,880
247,274

Prepayments and accrued income
25,017
20,284

Amounts recoverable on long term contracts
60,807
69,428

427,704
336,986


Page 7

 
TISSHAWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,958
470

Corporation tax
63,822
30,160

Other taxation and social security
113,774
78,732

Accruals and deferred income
71,212
49,598

252,766
158,960



7.


Deferred taxation




2024
2023


£

£






At beginning of year
(1,581)
(2,421)


Charged to profit or loss
(153)
840



At end of year
(1,734)
(1,581)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,734)
(1,581)

(1,734)
(1,581)


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £50,977 (2023 - £15,123) Contributions totalling £NIL (2023 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.

Page 8

 
TISSHAWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
29,000
29,000

Later than 1 year and not later than 5 years
29,000
58,000

58,000
87,000


Page 9