Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-0133truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00563260 2023-04-01 2024-03-31 00563260 2022-04-01 2023-03-31 00563260 2024-03-31 00563260 2023-03-31 00563260 c:Director2 2023-04-01 2024-03-31 00563260 d:MotorVehicles 2023-04-01 2024-03-31 00563260 d:MotorVehicles 2024-03-31 00563260 d:MotorVehicles 2023-03-31 00563260 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00563260 d:ComputerEquipment 2023-04-01 2024-03-31 00563260 d:ComputerEquipment 2024-03-31 00563260 d:ComputerEquipment 2023-03-31 00563260 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00563260 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00563260 d:CurrentFinancialInstruments 2024-03-31 00563260 d:CurrentFinancialInstruments 2023-03-31 00563260 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00563260 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00563260 d:ShareCapital 2024-03-31 00563260 d:ShareCapital 2023-03-31 00563260 d:RetainedEarningsAccumulatedLosses 2024-03-31 00563260 d:RetainedEarningsAccumulatedLosses 2023-03-31 00563260 c:OrdinaryShareClass1 2023-04-01 2024-03-31 00563260 c:OrdinaryShareClass1 2024-03-31 00563260 c:OrdinaryShareClass1 2023-03-31 00563260 c:FRS102 2023-04-01 2024-03-31 00563260 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00563260 c:FullAccounts 2023-04-01 2024-03-31 00563260 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00563260 2 2023-04-01 2024-03-31 00563260 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00563260










WAGSTAFF FOUNDRIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WAGSTAFF FOUNDRIES LIMITED
REGISTERED NUMBER: 00563260

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
68
92

  
68
92

Current assets
  

Debtors: amounts falling due within one year
 5 
1,419,142
1,579,906

Cash at bank and in hand
 6 
15,957
25,383

  
1,435,099
1,605,289

Creditors: amounts falling due within one year
 7 
(47,612)
(21,295)

Net current assets
  
 
 
1,387,487
 
 
1,583,994

Total assets less current liabilities
  
1,387,555
1,584,086

  

Net assets
  
1,387,555
1,584,086


Capital and reserves
  

Called up share capital 
 9 
14,404
14,404

Profit and loss account
  
1,373,151
1,569,682

  
1,387,555
1,584,086


Page 1

 
WAGSTAFF FOUNDRIES LIMITED
REGISTERED NUMBER: 00563260
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 by: 




A J Wagstaff
Director

Date: 24 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WAGSTAFF FOUNDRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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

Turnover

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.

 
1.3

Interest income

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

 
1.4

Pensions

Defined contribution pension plan

The Company contributes to 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.

 
1.5

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 3

 
WAGSTAFF FOUNDRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)


1.5
Tangible fixed assets (continued)

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:

Motor vehicles
-
25%
reducing balance
Computer equipment
-
33%
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.

 
1.6

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.

 
1.7

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.

 
1.8

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.


General information

Wagstaff Foundries Limited is private company limited by shares incorporated in the United Kingdom whose registered office is 1 Vincent Square, London, SW1P 2PN.


3.


Employees

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

Page 4

 
WAGSTAFF FOUNDRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
41,338
3,855
45,193



At 31 March 2024

41,338
3,855
45,193



Depreciation


At 1 April 2023
41,246
3,855
45,101


Charge for the year on owned assets
24
-
24



At 31 March 2024

41,270
3,855
45,125



Net book value



At 31 March 2024
68
-
68



At 31 March 2023
92
-
92

Page 5

 
WAGSTAFF FOUNDRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
10,601
3,065

Amounts owed by group undertakings
1,406,505
1,576,841

Other debtors
2,036
-

1,419,142
1,579,906



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,957
25,383

15,957
25,383



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,162
1,592

Other taxation and social security
29,207
5,674

Other creditors
9,093
5,879

Accruals and deferred income
8,150
8,150

47,612
21,295



8.


Deferred taxation


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



14,404 (2023 - 14,404) Ordinary shares of £1.00 each
14,404
14,404


Page 6

 
WAGSTAFF FOUNDRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Pension commitments

The company contributes to 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.


11.


Controlling party

Throughout the current and prior period the company was a 100% subsidiary of Wagstaff Foundries (Holdings) Limited (a company incorporated in England). Throughout the current and prior period ultimate control of the company was held by A J Wagstaff (a director of the company).

 
Page 7