Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-1922023-09-01false3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10333253 2023-09-01 2024-08-31 10333253 2024-08-31 10333253 2022-09-01 2023-08-31 10333253 2023-08-31 10333253 c:Director1 2023-09-01 2024-08-31 10333253 d:PlantMachinery 2023-09-01 2024-08-31 10333253 d:PlantMachinery 2024-08-31 10333253 d:PlantMachinery 2023-08-31 10333253 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10333253 d:MotorVehicles 2023-09-01 2024-08-31 10333253 d:MotorVehicles 2024-08-31 10333253 d:MotorVehicles 2023-08-31 10333253 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10333253 d:OfficeEquipment 2023-09-01 2024-08-31 10333253 d:OfficeEquipment 2024-08-31 10333253 d:OfficeEquipment 2023-08-31 10333253 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10333253 d:ComputerEquipment 2023-09-01 2024-08-31 10333253 d:ComputerEquipment 2024-08-31 10333253 d:ComputerEquipment 2023-08-31 10333253 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10333253 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10333253 d:CurrentFinancialInstruments 2024-08-31 10333253 d:CurrentFinancialInstruments 2023-08-31 10333253 d:Non-currentFinancialInstruments 2024-08-31 10333253 d:Non-currentFinancialInstruments 2023-08-31 10333253 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10333253 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10333253 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10333253 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10333253 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 10333253 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 10333253 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 10333253 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10333253 d:ShareCapital 2024-08-31 10333253 d:ShareCapital 2023-08-31 10333253 d:RetainedEarningsAccumulatedLosses 2024-08-31 10333253 d:RetainedEarningsAccumulatedLosses 2023-08-31 10333253 c:FRS102 2023-09-01 2024-08-31 10333253 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10333253 c:FullAccounts 2023-09-01 2024-08-31 10333253 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10333253 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 10333253 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 10333253 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 10333253 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 10333253 d:HirePurchaseContracts d:MoreThanFiveYears 2024-08-31 10333253 d:HirePurchaseContracts d:MoreThanFiveYears 2023-08-31 10333253 2 2023-09-01 2024-08-31 10333253 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 10333253


NICHOLS & WEBSTER LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
NICHOLS & WEBSTER LTD
REGISTERED NUMBER: 10333253

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,459
27,548

  
25,459
27,548

Current assets
  

Debtors: amounts falling due within one year
 5 
99,378
36,911

Cash at bank and in hand
 6 
86,881
145,095

  
186,259
182,006

Creditors: amounts falling due within one year
 7 
(65,526)
(67,586)

Net current assets
  
 
 
120,733
 
 
114,420

Total assets less current liabilities
  
146,192
141,968

Creditors: amounts falling due after more than one year
 8 
(10,744)
(18,729)

  

Net assets
  
135,448
123,239


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
135,447
123,238

  
135,448
123,239


Page 1

 
NICHOLS & WEBSTER LTD
REGISTERED NUMBER: 10333253
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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: 




................................................
J Nichols
Director

Date: 19 May 2025

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

Page 2

 
NICHOLS & WEBSTER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Nichols & Webster Ltd is a private company, limited by shares, domiciled in England and Wales, registration number 10333253. The registered office is 1 Vincent Square, London, SW1P 2PN.

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

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
NICHOLS & WEBSTER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

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.


 
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:

Plant and machinery
-
25%
Motor vehicles
-
25%
Office equipment
-
33%
Computer equipment
-
33%

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.

Page 4

 
NICHOLS & WEBSTER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 3 (2023 - 2).

Page 5

 
NICHOLS & WEBSTER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
1,327
30,690
8,693
5,720
46,430


Additions
1,349
-
2,859
4,441
8,649



At 31 August 2024

2,676
30,690
11,552
10,161
55,079



Depreciation


At 1 September 2023
643
11,029
2,789
4,420
18,881


Charge for the year on owned assets
308
4,915
3,444
2,072
10,739



At 31 August 2024

951
15,944
6,233
6,492
29,620



Net book value



At 31 August 2024
1,725
14,746
5,319
3,669
25,459



At 31 August 2023
684
19,661
5,903
1,300
27,548


5.


Debtors

2024
2023
£
£


Trade debtors
53,968
26,743

Other debtors
44,380
9,008

Prepayments and accrued income
1,030
1,160

99,378
36,911


Included within other debtors due within one year is a loan to the director, amounting to £37,323 (2023 - £NIL). Amounts repaid during the year totalled £NIL. This loan is interest free and repayable on demand.



Page 6

 
NICHOLS & WEBSTER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
86,881
145,095

86,881
145,095



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,000
4,000

Trade creditors
1,649
1,037

Corporation tax
39,635
40,943

Other taxation and social security
14,187
16,005

Obligations under finance lease and hire purchase contracts
4,328
3,969

Other creditors
1,727
1,632

65,526
67,586



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,000
7,000

Net obligations under finance leases and hire purchase contracts
7,744
11,729

10,744
18,729


Page 7

 
NICHOLS & WEBSTER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
4,000
4,000


4,000
4,000

Amounts falling due 1-2 years

Bank loans
3,000
4,000


3,000
4,000

Amounts falling due 2-5 years

Bank loans
-
3,000


-
3,000


7,000
11,000



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
3,969
3,611

Between 1-5 years
11,727
3,969

Over 5 years
-
11,728

15,696
19,308


11.


Pension commitments

The company contributed a total of £19,744 (2023: £6,220) to a defined contribution scheme during the year. A balance of £373 (2023: £153) was outstanding at the balance sheet date.

 
Page 8