Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-2970false2023-06-01falseNo description of principal activity70trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00505967 2023-06-01 2024-05-31 00505967 2022-06-01 2023-05-31 00505967 2024-05-31 00505967 2023-05-31 00505967 c:Director2 2023-06-01 2024-05-31 00505967 c:Director3 2023-06-01 2024-05-31 00505967 d:Buildings 2023-06-01 2024-05-31 00505967 d:Buildings 2024-05-31 00505967 d:Buildings 2023-05-31 00505967 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 00505967 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 00505967 d:PlantMachinery 2023-06-01 2024-05-31 00505967 d:MotorVehicles 2023-06-01 2024-05-31 00505967 d:FurnitureFittings 2023-06-01 2024-05-31 00505967 d:OfficeEquipment 2023-06-01 2024-05-31 00505967 d:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 00505967 d:OtherPropertyPlantEquipment 2024-05-31 00505967 d:OtherPropertyPlantEquipment 2023-05-31 00505967 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 00505967 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 00505967 d:CurrentFinancialInstruments 2024-05-31 00505967 d:CurrentFinancialInstruments 2023-05-31 00505967 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 00505967 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 00505967 d:ShareCapital 2024-05-31 00505967 d:ShareCapital 2023-05-31 00505967 d:RetainedEarningsAccumulatedLosses 2024-05-31 00505967 d:RetainedEarningsAccumulatedLosses 2023-05-31 00505967 c:FRS102 2023-06-01 2024-05-31 00505967 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 00505967 c:FullAccounts 2023-06-01 2024-05-31 00505967 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 00505967 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 00505967 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 00505967 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 00505967 d:TaxLossesCarry-forwardsDeferredTax 2023-05-31 00505967 6 2023-06-01 2024-05-31 00505967 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 00505967


W LAWRENCE TAYLOR LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2024

 
W LAWRENCE TAYLOR LIMITED
REGISTERED NUMBER:00505967

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
160,022
184,467

Investments
 5 
176
176

  
160,198
184,643

Current assets
  

Stocks
  
123,143
119,728

Debtors: amounts falling due within one year
 6 
85,171
27,323

Cash at bank and in hand
 7 
147,922
93,005

  
356,236
240,056

Creditors: amounts falling due within one year
 8 
(210,869)
(148,521)

Net current assets
  
 
 
145,367
 
 
91,535

Total assets less current liabilities
  
305,565
276,178

Provisions for liabilities
  

Deferred tax
 10 
(10,403)
(1,174)

  
 
 
(10,403)
 
 
(1,174)

Net assets
  
295,162
275,004


Capital and reserves
  

Called up share capital 
  
5,004
5,004

Profit and loss account
  
290,158
270,000

  
295,162
275,004


Page 1

 
W LAWRENCE TAYLOR LIMITED
REGISTERED NUMBER:00505967
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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: 






P J Taylor
J Taylor
Director
Director


Date: 29 May 2025


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

Page 2

 
W LAWRENCE TAYLOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

W Lawrence Taylor Limited is a limited liability company incorporated in England and Wales. The company registration number is 00505967. The registered office is Lathcoats, Beehive Lane, Galleywood, Chelmsford, CM2 8LX.
The financial statements are presented in pound sterling which is the functional currency of the Company
and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.

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:

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.

 
2.3

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.

Page 3

 
W LAWRENCE TAYLOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.


 
2.6

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

 
W LAWRENCE TAYLOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Freehold property
-
Nil
Long-term leasehold property
-
10% Straight Line
Plant and machinery
-
10%/20% Straight Line
Motor vehicles
-
25% Straight Line
Fixtures and fittings
-
25% Straight Line
Office equipment
-
20% 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.

 
2.7

Valuation of investments

Investments held as fixed assets are shown at cost.

 
2.8

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.

 
2.9

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 5

 
W LAWRENCE TAYLOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 70 (2023 - 70).


4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 June 2023
576,560
950,502
1,527,062


Additions
-
17,720
17,720



At 31 May 2024

576,560
968,222
1,544,782



Depreciation


At 1 June 2023
494,885
847,710
1,342,595


Charge for the year on owned assets
13,460
28,705
42,165



At 31 May 2024

508,345
876,415
1,384,760



Net book value



At 31 May 2024
68,215
91,807
160,022



At 31 May 2023
81,675
102,792
184,467

Page 6

 
W LAWRENCE TAYLOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 June 2023
176



At 31 May 2024
176





6.


Debtors

2024
2023
£
£


Trade debtors
65,057
4,315

Other debtors
20,009
22,903

Prepayments and accrued income
105
105

85,171
27,323



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
147,922
93,005



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
73,630
48,624

Other taxation and social security
48,812
38,320

Other creditors
61,653
24,725

Accruals and deferred income
26,774
36,852

210,869
148,521



9.


Financial instruments

All debtors and creditors are basic financial instruments and are held at amortised cost.

Page 7

 
W LAWRENCE TAYLOR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Deferred taxation




2024


£






At beginning of year
(1,174)


Utilised in year
(9,229)



At end of year
(10,403)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(25,085)
(28,906)

Tax losses carried forward
14,682
27,732

(10,403)
(1,174)

 
Page 8