Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-312025-05-06falsetrue2024-04-01No description of principal activity5959falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13860194 2024-04-01 2025-03-31 13860194 2023-04-01 2024-03-31 13860194 2025-03-31 13860194 2024-03-31 13860194 c:Director1 2024-04-01 2025-03-31 13860194 c:Director2 2024-04-01 2025-03-31 13860194 c:Director3 2024-04-01 2025-03-31 13860194 c:Director4 2024-04-01 2025-03-31 13860194 c:Director4 2025-03-31 13860194 c:Director5 2024-04-01 2025-03-31 13860194 c:Director6 2024-04-01 2025-03-31 13860194 c:RegisteredOffice 2024-04-01 2025-03-31 13860194 d:FurnitureFittings 2024-04-01 2025-03-31 13860194 d:FurnitureFittings 2025-03-31 13860194 d:FurnitureFittings 2024-03-31 13860194 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13860194 d:ComputerEquipment 2024-04-01 2025-03-31 13860194 d:ComputerEquipment 2025-03-31 13860194 d:ComputerEquipment 2024-03-31 13860194 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13860194 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 13860194 d:Goodwill 2024-04-01 2025-03-31 13860194 d:Goodwill 2025-03-31 13860194 d:Goodwill 2024-03-31 13860194 d:CurrentFinancialInstruments 2025-03-31 13860194 d:CurrentFinancialInstruments 2024-03-31 13860194 d:Non-currentFinancialInstruments 2025-03-31 13860194 d:Non-currentFinancialInstruments 2024-03-31 13860194 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13860194 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13860194 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 13860194 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13860194 d:ShareCapital 2025-03-31 13860194 d:ShareCapital 2024-03-31 13860194 d:RetainedEarningsAccumulatedLosses 2025-03-31 13860194 d:RetainedEarningsAccumulatedLosses 2024-03-31 13860194 c:FRS102 2024-04-01 2025-03-31 13860194 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13860194 c:FullAccounts 2024-04-01 2025-03-31 13860194 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13860194 2 2024-04-01 2025-03-31 13860194 d:Goodwill d:OwnedIntangibleAssets 2024-04-01 2025-03-31 13860194 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 13860194







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


SW & H LIMITED






































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SW & H LIMITED
 


 
COMPANY INFORMATION


Directors
Mr D J S Alcock 
Mr P Bosher 
Mr R D Hemming 
Mr P Lecheta (appointed 1 October 2024)
Mr I J Llewellyn 
Mr D O C Searle 




Registered number
13860194



Registered office
Fountain House
26 St. John's Street

Bedford

MK42 0AQ




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


SW & H LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 


SW & H LIMITED
REGISTERED NUMBER:13860194



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
539,000
616,000

Tangible assets
 5 
41,131
56,042

  
580,131
672,042

Current assets
  

Debtors: amounts falling due within one year
 6 
1,386,966
1,667,990

Cash at bank and in hand
  
160
47

  
1,387,126
1,668,037

Creditors: amounts falling due within one year
 7 
(1,107,840)
(2,036,651)

Net current assets/(liabilities)
  
 
 
279,286
 
 
(368,614)

Total assets less current liabilities
  
859,417
303,428

Creditors: amounts falling due after more than one year
 8 
(551,752)
(23,299)

Provisions for liabilities
  

Other provisions
  
(9,531)
(19,248)

  
 
 
(9,531)
 
 
(19,248)

Net assets
  
298,134
260,881

Page 1

 


SW & H LIMITED
REGISTERED NUMBER:13860194


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Capital and reserves
  

Called up share capital 
  
770,001
770,001

Profit and loss account
  
(471,867)
(509,120)

  
298,134
260,881


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: 


Mr R D Hemming
Director

Date: 6 May 2025

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

Page 2

 


SW & H LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

SW & H Limited  is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found 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

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.

 
2.3

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.

 
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.

Page 3

 


SW & H LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

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 Income and Retained Earnings 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 life of goodwill is considered to be 10 years.

 
2.8

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 and straight line basis .

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance
Computer equipment
-
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.

 
2.9

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.

 
2.10

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.

Page 4

 


SW & H LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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 Statement of Financial Position 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.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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 receipts 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.
Page 5

 


SW & H LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 59 (2024 - 59).

Page 6

 


SW & H LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets



Goodwill

£



Cost


At 1 April 2024
770,000



At 31 March 2025

770,000



Amortisation


At 1 April 2024
154,000


Charge for the year on owned assets
77,000



At 31 March 2025

231,000



Net book value



At 31 March 2025
539,000




5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
30,284
91,013
121,297


Additions
8,582
3,946
12,528



At 31 March 2025

38,866
94,959
133,825



Depreciation


At 1 April 2024
10,890
54,366
65,256


Charge for the year on owned assets
5,029
22,409
27,438



At 31 March 2025

15,919
76,775
92,694



Net book value



At 31 March 2025
22,947
18,184
41,131

Page 7

 


SW & H LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
741,167
951,106

Amounts owed by group undertakings
20,251
12,691

Other debtors
108,644
85,885

Called up share capital not paid
1
1

Prepayments and accrued income
516,903
618,307

1,386,966
1,667,990



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
146,345
162,870

Bank loans
17,430
8,085

Trade creditors
491,630
677,190

Other taxation and social security
267,319
358,196

Other creditors
125,708
626,732

Accruals and deferred income
59,408
203,578

1,107,840
2,036,651


The following liabilities were secured:

2025
2024
£
£



Bank overdraft
146,345
162,870

146,345
162,870

Details of security provided:

A fixed and floating charge covering all the property or undertaking of the company is in place including a negative pledge.

Page 8

 


SW & H LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
54,515
23,299

Other creditors
497,237
-

551,752
23,299



9.


Related party transactions

At the year end the company owed £571,345 (2024: £552,548) to the directors, these loans are undated and interest is charged at 3% above the Bank of England base rate.

 
Page 9