Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01truefalseNo description of principal activity99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01542054 2024-01-01 2024-12-31 01542054 2023-01-01 2023-12-31 01542054 2024-12-31 01542054 2023-12-31 01542054 c:CompanySecretary1 2024-01-01 2024-12-31 01542054 c:Director1 2024-01-01 2024-12-31 01542054 c:Director2 2024-01-01 2024-12-31 01542054 c:Director3 2024-01-01 2024-12-31 01542054 c:RegisteredOffice 2024-01-01 2024-12-31 01542054 d:PlantMachinery 2024-01-01 2024-12-31 01542054 d:PlantMachinery 2024-12-31 01542054 d:PlantMachinery 2023-12-31 01542054 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01542054 d:MotorVehicles 2024-01-01 2024-12-31 01542054 d:MotorVehicles 2024-12-31 01542054 d:MotorVehicles 2023-12-31 01542054 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01542054 d:FurnitureFittings 2024-01-01 2024-12-31 01542054 d:FurnitureFittings 2024-12-31 01542054 d:FurnitureFittings 2023-12-31 01542054 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01542054 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01542054 d:Goodwill 2024-12-31 01542054 d:Goodwill 2023-12-31 01542054 d:CurrentFinancialInstruments 2024-12-31 01542054 d:CurrentFinancialInstruments 2023-12-31 01542054 d:Non-currentFinancialInstruments 2024-12-31 01542054 d:Non-currentFinancialInstruments 2023-12-31 01542054 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01542054 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01542054 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 01542054 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01542054 d:ShareCapital 2024-12-31 01542054 d:ShareCapital 2023-12-31 01542054 d:RetainedEarningsAccumulatedLosses 2024-12-31 01542054 d:RetainedEarningsAccumulatedLosses 2023-12-31 01542054 c:FRS102 2024-01-01 2024-12-31 01542054 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01542054 c:FullAccounts 2024-01-01 2024-12-31 01542054 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01542054 2 2024-01-01 2024-12-31 01542054 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 01542054







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


K.H.R COMPANY LIMITED






































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K.H.R COMPANY LIMITED
 


 
COMPANY INFORMATION


Directors
Mrs D J Roese 
Mr P Roese 
Mrs K Roese-Mclean 




Company secretary
Mrs D J Roese



Registered number
01542054



Registered office
38 Clausentum Road

Southampton

Hampshire

SO14 6RZ




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


K.H.R COMPANY LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


K.H.R COMPANY LIMITED
REGISTERED NUMBER:01542054



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
17,146
22,190

  
17,146
22,190

Current assets
  

Stocks
  
277,102
387,149

Debtors: amounts falling due within one year
 6 
141,350
112,903

Cash at bank and in hand
  
51,957
28,352

  
470,409
528,404

Creditors: amounts falling due within one year
 7 
(365,268)
(349,025)

Net current assets
  
 
 
105,141
 
 
179,379

Total assets less current liabilities
  
122,287
201,569

Creditors: amounts falling due after more than one year
 8 
(38,051)
(69,668)

Provisions for liabilities
  

Deferred tax
  
(4,286)
(5,548)

  
 
 
(4,286)
 
 
(5,548)

Net assets
  
79,950
126,353

Page 1

 


K.H.R COMPANY LIMITED
REGISTERED NUMBER:01542054


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
79,850
126,253

  
79,950
126,353


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: 




Mrs K Roese-Mclean
Director

Date: 17 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


K.H.R COMPANY LIMITED
 


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

1.


General information

K.H.R Company Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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

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 3

 


K.H.R COMPANY LIMITED
 


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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

Page 4

 


K.H.R COMPANY LIMITED
 


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

2.Accounting policies (continued)

 
2.8

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.


 
2.9

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
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.

Page 5

 


K.H.R COMPANY LIMITED
 


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

2.Accounting policies (continued)

 
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 weighted average 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.

 
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

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 9 (2023 - 9).

Page 6

 


K.H.R COMPANY LIMITED
 


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

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
53



At 31 December 2024

53



Amortisation


At 1 January 2024
53



At 31 December 2024

53



Net book value



At 31 December 2024
-



At 31 December 2023
-




5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2024
64,441
20,832
48,543
133,816


Additions
-
-
680
680



At 31 December 2024

64,441
20,832
49,223
134,496



Depreciation


At 1 January 2024
64,186
1,736
45,704
111,626


Charge for the year on owned assets
64
4,774
886
5,724



At 31 December 2024

64,250
6,510
46,590
117,350



Net book value



At 31 December 2024
191
14,322
2,633
17,146



At 31 December 2023
255
19,096
2,839
22,190

Page 7

 


K.H.R COMPANY LIMITED
 


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

6.


Debtors

2024
2023
£
£


Trade debtors
112,936
83,697

Prepayments and accrued income
28,414
29,206

141,350
112,903



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
17,636

Bank loans
30,518
30,268

Trade creditors
150,094
192,722

Amounts owed to group undertakings
57,569
37,585

Corporation tax
12,745
-

Other taxation and social security
68,440
44,488

Other creditors
43,427
23,851

Accruals and deferred income
2,475
2,475

365,268
349,025



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
38,051
69,668

38,051
69,668


 
Page 8