Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31true2023-11-01falseRetail sale not in stores, stalls or markets and that of management consultancy activities other than financial.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06393263 2023-11-01 2024-10-31 06393263 2022-11-01 2023-10-31 06393263 2024-10-31 06393263 2023-10-31 06393263 c:Director1 2023-11-01 2024-10-31 06393263 d:PlantMachinery 2023-11-01 2024-10-31 06393263 d:PlantMachinery 2024-10-31 06393263 d:PlantMachinery 2023-10-31 06393263 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06393263 d:FurnitureFittings 2023-11-01 2024-10-31 06393263 d:FurnitureFittings 2024-10-31 06393263 d:FurnitureFittings 2023-10-31 06393263 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06393263 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06393263 d:CurrentFinancialInstruments 2024-10-31 06393263 d:CurrentFinancialInstruments 2023-10-31 06393263 d:Non-currentFinancialInstruments 2024-10-31 06393263 d:Non-currentFinancialInstruments 2023-10-31 06393263 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 06393263 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 06393263 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 06393263 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 06393263 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 06393263 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 06393263 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 06393263 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 06393263 d:ShareCapital 2024-10-31 06393263 d:ShareCapital 2023-10-31 06393263 d:RetainedEarningsAccumulatedLosses 2024-10-31 06393263 d:RetainedEarningsAccumulatedLosses 2023-10-31 06393263 c:FRS102 2023-11-01 2024-10-31 06393263 c:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 06393263 c:FullAccounts 2023-11-01 2024-10-31 06393263 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06393263 2 2023-11-01 2024-10-31 06393263 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 06393263 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 06393263 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 06393263










CHARLES CLEGHORN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CHARLES CLEGHORN LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHARLES CLEGHORN LIMITED
FOR THE YEAR ENDED 31 OCTOBER 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 Charles Cleghorn Limited for the year ended 31 October 2024 which comprise  the Statement of financial position 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 director of Charles Cleghorn Limited in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Charles Cleghorn Limited and state those matters that we have agreed to state to the director of Charles Cleghorn Limited 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 Charles Cleghorn Limited and its director for our work or for this report. 

It is your duty to ensure that Charles Cleghorn 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 Charles Cleghorn Limited. You consider that Charles Cleghorn 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 Charles Cleghorn 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.

  



McColes & Co (Herts) Ltd
 
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
29 January 2025
Page 1

 
CHARLES CLEGHORN LIMITED
REGISTERED NUMBER: 06393263

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
3,783
4,956

  
3,783
4,956

Current assets
  

Stocks
  
42,887
64,706

Debtors: amounts falling due within one year
 5 
115,817
50,136

Cash at bank and in hand
  
13,666
11,704

  
172,370
126,546

Creditors: amounts falling due within one year
 6 
(169,079)
(113,618)

Net current assets
  
 
 
3,291
 
 
12,928

Total assets less current liabilities
  
7,074
17,884

Creditors: amounts falling due after more than one year
 7 
(5,848)
(16,497)

Provisions for liabilities
  

Deferred tax
 9 
(876)
(942)

  
 
 
(876)
 
 
(942)

Net assets
  
350
445


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
250
345

  
350
445


Page 2

 
CHARLES CLEGHORN LIMITED
REGISTERED NUMBER: 06393263
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 his 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 on 29 January 2025.




C H Cleghorn
Director

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

Page 3

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

 
1.1

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:

 
1.2

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.3

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.

 
1.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.5

Interest income

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

 
1.6

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.

Page 5

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.7

Borrowing costs

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

 
1.8

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

 
1.9

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 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.


 
1.10

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.

Page 6

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)


1.10
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
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.

 
1.11

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 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.

 
1.12

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.

 
1.13

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.

 
1.14

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 7

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.15

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.


2.


General information

The company is a private company, limited by shares and registered in England and Wales.
Its registered number is: 06393263
The address of its registered office is:
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Employees

2024
2023
£
£

Wages and salaries
30,104
19,333

Cost of defined contribution scheme
692
393

30,796
19,726


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 8

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2023
12,849
2,188
15,037


Additions
-
374
374



At 31 October 2024

12,849
2,562
15,411



Depreciation


At 1 November 2023
8,783
1,297
10,080


Charge for the year on owned assets
1,016
532
1,548



At 31 October 2024

9,799
1,829
11,628



Net book value



At 31 October 2024
3,050
733
3,783



At 31 October 2023
4,065
891
4,956

Page 9

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
91,756
10,882

Other debtors
21,552
36,302

Prepayments and accrued income
2,509
2,952

115,817
50,136



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
8,646
7,527

Bank loans
10,048
10,048

Trade creditors
56,972
40,285

Corporation tax
21,199
19,983

Other taxation and social security
25,025
8,757

Other creditors
45,289
25,152

Accruals and deferred income
1,900
1,866

169,079
113,618



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,848
16,497

5,848
16,497


Page 10

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,048
10,048


10,048
10,048

Amounts falling due 1-2 years

Bank loans
5,848
10,348


5,848
10,348

Amounts falling due 2-5 years

Bank loans
-
6,148


-
6,148


15,896
26,544



9.


Deferred taxation




2024


£






At beginning of year
(942)


Utilised in year
66



At end of year
(876)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(876)
(942)

(876)
(942)

Page 11

 
CHARLES CLEGHORN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


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 £692 (2023: £393. Contributions totalling £104 (2023: £152) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

The amount due from the director Mr C H Cleghorn, and included in other debtors at the reporting date, was £10,972; (2023: £25,472).  The loan does not attract a rate of interest and is repayable on demand.

 
Page 12