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Registered number: 02103242










STUART J. DAWS & CO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
STUART J. DAWS & CO LIMITED
REGISTERED NUMBER: 02103242

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
429,117
413,811

  
429,117
413,811

Current assets
  

Stocks
  
285,642
254,595

Debtors: amounts falling due within one year
 5 
37,888
45,944

Cash at bank and in hand
  
319,624
333,771

  
643,154
634,310

Creditors: amounts falling due within one year
 6 
(399,190)
(432,261)

Net current assets
  
 
 
243,964
 
 
202,049

Total assets less current liabilities
  
673,081
615,860

Provisions for liabilities
  

Deferred tax
 7 
(17,583)
(13,580)

  
 
 
(17,583)
 
 
(13,580)

Net assets
  
655,498
602,280


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
654,498
601,280

  
655,498
602,280

Page 1

 
STUART J. DAWS & CO LIMITED
REGISTERED NUMBER: 02103242
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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 W M Daws
Mr L G Daws
Director
Director


Date: 22 May 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
STUART J. DAWS & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Stuart J Daws & Co Ltd is a private company limited by shares incorporated in England and Wales in the United Kingdom.
The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, Kent, ME14 5DA.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

 
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.

Page 3

 
STUART J. DAWS & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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 4

 
STUART J. DAWS & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Land and buildings freehold
-
No depreciation on land, 7% on improvements
Improvement to workshop and stores
-
Over remaining period of the lease
Workshop and office equipment
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Showroom and office
-
20% reducing balance
Computer equipment
-
25% straight line basis

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 5

 
STUART J. DAWS & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).

Page 6

 
STUART J. DAWS & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold property
Short-term leasehold improvements
Plant and machinery
Motor vehicles
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
354,179
23,050
101,283
126,190
604,702


Additions
2,354
-
7,293
25,139
34,786


Disposals
-
-
(10,703)
-
(10,703)



At 30 September 2024

356,533
23,050
97,873
151,329
628,785



Depreciation


At 1 October 2023
2,287
19,086
87,459
82,059
190,891


Charge for the year on owned assets
471
324
6,432
11,824
19,051


Disposals
-
-
(10,274)
-
(10,274)



At 30 September 2024

2,758
19,410
83,617
93,883
199,668



Net book value



At 30 September 2024
353,775
3,640
14,256
57,446
429,117



At 30 September 2023
351,892
3,964
13,824
44,131
413,811


5.


Debtors

2024
2023
£
£


Trade debtors
21,313
25,361

Other debtors
100
100

Prepayments and accrued income
16,475
20,483

37,888
45,944


Page 7

 
STUART J. DAWS & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
62,547
77,886

Corporation tax
39,806
35,211

Other taxation and social security
38,791
55,171

Other creditors
250,098
257,480

Accruals and deferred income
7,948
6,513

399,190
432,261


Page 8

 
STUART J. DAWS & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Deferred taxation




2024
2023


£

£






At beginning of year
(13,580)
(10,399)


Charged to profit or loss
(4,003)
(3,181)



At end of year
(17,583)
(13,580)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(17,715)
(13,733)

Short term timing differences
132
153

(17,583)
(13,580)


8.


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 £125,100 (2023 - £124,183). Contributions totalling £1,402 (2023 £1,629) were payable to the fund at the balance sheet date.

 
Page 9