Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01falseNo description of principal activity34truetruefalse 10270229 2023-08-01 2024-07-31 10270229 2022-08-01 2023-07-31 10270229 2024-07-31 10270229 2023-07-31 10270229 2022-08-01 10270229 c:Director2 2023-08-01 2024-07-31 10270229 d:Buildings d:LongLeaseholdAssets 2023-08-01 2024-07-31 10270229 d:Buildings d:LongLeaseholdAssets 2024-07-31 10270229 d:Buildings d:LongLeaseholdAssets 2023-07-31 10270229 d:PlantMachinery 2023-08-01 2024-07-31 10270229 d:PlantMachinery 2024-07-31 10270229 d:PlantMachinery 2023-07-31 10270229 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10270229 d:MotorVehicles 2023-08-01 2024-07-31 10270229 d:MotorVehicles 2024-07-31 10270229 d:MotorVehicles 2023-07-31 10270229 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10270229 d:OfficeEquipment 2023-08-01 2024-07-31 10270229 d:OfficeEquipment 2024-07-31 10270229 d:OfficeEquipment 2023-07-31 10270229 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10270229 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10270229 d:Goodwill 2023-08-01 2024-07-31 10270229 d:Goodwill 2024-07-31 10270229 d:Goodwill 2023-07-31 10270229 d:CurrentFinancialInstruments 2024-07-31 10270229 d:CurrentFinancialInstruments 2023-07-31 10270229 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 10270229 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10270229 d:ShareCapital 2024-07-31 10270229 d:ShareCapital 2023-07-31 10270229 d:RetainedEarningsAccumulatedLosses 2024-07-31 10270229 d:RetainedEarningsAccumulatedLosses 2023-07-31 10270229 c:OrdinaryShareClass1 2023-08-01 2024-07-31 10270229 c:OrdinaryShareClass1 2024-07-31 10270229 c:OrdinaryShareClass1 2023-07-31 10270229 c:FRS102 2023-08-01 2024-07-31 10270229 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10270229 c:FullAccounts 2023-08-01 2024-07-31 10270229 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10270229 d:WithinOneYear 2024-07-31 10270229 d:WithinOneYear 2023-07-31 10270229 d:BetweenOneFiveYears 2024-07-31 10270229 d:BetweenOneFiveYears 2023-07-31 10270229 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 10270229 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 10270229 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 10270229 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10270229










HENWOOD AND DEAN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
HENWOOD AND DEAN LIMITED
REGISTERED NUMBER: 10270229

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,558
10,637

Tangible assets
 5 
38,814
10,050

  
44,372
20,687

Current assets
  

Stocks
  
10,500
17,500

Debtors: amounts falling due within one year
 6 
15,714
27,435

Cash at bank and in hand
 7 
178,202
212,094

  
204,416
257,029

Creditors: amounts falling due within one year
 8 
(66,703)
(105,536)

Net current assets
  
 
 
137,713
 
 
151,493

Total assets less current liabilities
  
182,085
172,180

Provisions for liabilities
  

Deferred tax
 9 
(9,705)
(2,514)

  
 
 
(9,705)
 
 
(2,514)

Net assets
  
172,380
169,666


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
172,280
169,566

  
172,380
169,666


Page 1

 
HENWOOD AND DEAN LIMITED
REGISTERED NUMBER: 10270229

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 26 February 2025.




D Wood
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HENWOOD AND DEAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Henwood and Dean Limited is a limited liability company incorporated in England and Wales. The registered office address is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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.

 
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.

Page 3

 
HENWOOD AND DEAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.

Other 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.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.4

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.

Depreciation is provided on the following basis:

Improvements to leasehold
-
20%
Straight line method
Plant and machinery
-
25%
Straight line method
Motor vehicles
-
25%
Straight line method
Office equipment
-
25%
Straight line method

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.

 
2.5

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

 
HENWOOD AND DEAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

  
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liablities like trade and othe debtors and creditors, loans from bank and othe thirs parties, loans to related parties and investments in ordinary shares.

 
2.9

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.

 
2.10

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 5

 
HENWOOD AND DEAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was 3 (2023: 4)






Page 6

 
HENWOOD AND DEAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
50,797



At 31 July 2024

50,797



Amortisation


At 1 August 2023
40,160


Charge for the year on owned assets
5,079



At 31 July 2024

45,239



Net book value



At 31 July 2024
5,558



At 31 July 2023
10,637



Page 7

 
HENWOOD AND DEAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Improvements to leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
35,591
45,539
-
681
81,811


Additions
-
1,906
34,663
1,447
38,016



At 31 July 2024

35,591
47,445
34,663
2,128
119,827



Depreciation


At 1 August 2023
31,943
39,137
-
681
71,761


Charge for the year on owned assets
1,416
2,621
5,055
160
9,252



At 31 July 2024

33,359
41,758
5,055
841
81,013



Net book value



At 31 July 2024
2,232
5,687
29,608
1,287
38,814



At 31 July 2023
3,648
6,402
-
-
10,050


6.


Debtors

2024
2023
£
£


Trade debtors
3,480
15,354

Other debtors
12,234
12,081

15,714
27,435



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
178,202
212,094


Page 8

 
HENWOOD AND DEAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
13,993
10,722

Corporation tax
2,346
19,347

Other taxation and social security
10,432
25,315

Other creditors
36,182
40,402

Accruals and deferred income
3,750
9,750

66,703
105,536



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(2,514)
(1,789)


Charged to profit or loss
(7,191)
(725)



At end of year
(9,705)
(2,514)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(9,705)
(2,514)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


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 £1,148 (2023 - £2,034). Contributions totalling £232 (2023 - £451) were payable to the fund at the balance sheet date and are included in creditors.

Page 9

 
HENWOOD AND DEAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

12.


Commitments under operating leases

At 31 July 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
59,019
59,019

Later than 1 year and not later than 5 years
59,019
118,039

118,038
177,058


13.


Related party transactions

Included in creditors at the year end is £nil (2023: £nil) owed to A Knights and £35,950 (2023: £39,950) owed to D Wood, who are directors of the Company. The loans are interest free with no set repayment date.


14.


Controlling party

The Company is controlled by the directors by virtue of their shareholding.

Page 10