Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-04-01false12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08074142 2023-04-01 2024-09-30 08074142 2022-04-01 2023-03-31 08074142 2024-09-30 08074142 2023-03-31 08074142 c:Director1 2023-04-01 2024-09-30 08074142 d:PlantMachinery 2023-04-01 2024-09-30 08074142 d:PlantMachinery 2024-09-30 08074142 d:PlantMachinery 2023-03-31 08074142 d:CurrentFinancialInstruments 2024-09-30 08074142 d:CurrentFinancialInstruments 2023-03-31 08074142 d:Non-currentFinancialInstruments 2024-09-30 08074142 d:Non-currentFinancialInstruments 2023-03-31 08074142 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08074142 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08074142 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 08074142 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08074142 d:ShareCapital 2024-09-30 08074142 d:ShareCapital 2023-03-31 08074142 d:RetainedEarningsAccumulatedLosses 2024-09-30 08074142 d:RetainedEarningsAccumulatedLosses 2023-03-31 08074142 c:OrdinaryShareClass1 2023-04-01 2024-09-30 08074142 c:OrdinaryShareClass1 2024-09-30 08074142 c:OrdinaryShareClass1 2023-03-31 08074142 c:FRS102 2023-04-01 2024-09-30 08074142 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-30 08074142 c:FullAccounts 2023-04-01 2024-09-30 08074142 c:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 08074142 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 08074142 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08074142 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 08074142 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08074142 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-09-30 08074142 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 08074142 e:PoundSterling 2023-04-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 08074142









EAST ANGLIA STRAW LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
EAST ANGLIA STRAW LIMITED
REGISTERED NUMBER: 08074142

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September 2024
31 March 2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
270,260

Current assets
  

Stocks
  
-
118,000

Debtors: amounts falling due within one year
 5 
50,230
76,932

Cash at bank and in hand
  
11,392
66,339

  
61,622
261,271

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(40,373)
(641,205)

Net current assets/(liabilities)
  
 
 
21,249
 
 
(379,934)

Total assets less current liabilities
  
21,249
(109,674)

Creditors: amounts falling due after more than one year
 7 
-
(51,784)

  

Net assets/(liabilities)
  
21,249
(161,458)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
21,149
(161,558)

  
21,249
(161,458)


Page 1

 
EAST ANGLIA STRAW LIMITED
REGISTERED NUMBER: 08074142

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 period 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: 




................................................
Mr J M Willis
Director

Date: 2 June 2025

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

Page 2

 
EAST ANGLIA STRAW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

East Anglia Straw Limited is a private Company limited by shares, incorporated in England and Wales
within the United Kingdom. The address of the registered office is Redgate Farmhouse, Thorney Road,
Guyhirn, PE13 4AD. The Company is not part of a group.

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 following principal accounting policies have been applied:

 
2.2

Break-up basis

The Company ceased to trade on 30 September 2024. Consequently, at the balance sheet date, it is not regarded to be a going concern and the financial statements have been prepared on a break-up
basis. Accordingly all assets have been written down to their net realisable values and provision has
been made for all known liabilities.

 
2.3

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.

 
2.4

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.

 
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.

Page 3

 
EAST ANGLIA STRAW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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 corporation 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.


 
2.7

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 basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%, 25% & 10% reducing balance

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.

 
2.8

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 weighted average 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 4

 
EAST ANGLIA STRAW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 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.

 
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 Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 2).

Page 5

 
EAST ANGLIA STRAW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets







Plant and machinery

£





At 1 April 2023
491,607


Disposals
(491,607)



At 30 September 2024

-





At 1 April 2023
221,347


Disposals
(221,347)



At 30 September 2024

-



Net book value



At 30 September 2024
-



At 31 March 2023
270,260

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


30 September 2024
31 March 2023
£
£



Plant and machinery
-
180,262

Page 6

 
EAST ANGLIA STRAW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.


Debtors

30 September 2024
31 March 2023
£
£


Trade debtors
-
74,191

Other debtors
50,230
-

Prepayments
-
2,741

50,230
76,932



6.


Creditors: Amounts falling due within one year

30 September 2024
31 March 2023
£
£

Trade creditors
-
411,820

Corporation tax
6,000
-

Other taxation and social security
31,373
49,664

Net obligations under finance lease and hire purchase contracts
-
47,870

Other creditors
-
129,318

Accruals
3,000
2,533

40,373
641,205



7.


Creditors: Amounts falling due after more than one year

30 September 2024
31 March 2023
£
£

Net obligations under finance lease and hire purchase contracts
-
51,784


Page 7

 
EAST ANGLIA STRAW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

30 September
31 March
2024
2023
£
£


Within one year
-
47,870

Between 1-5 years
-
51,784

-
99,654


9.


Share capital

30 September
31 March
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

During the period the Company operated loans with Redgate Dairy Farm Limited, a company under common control. The amount receivable from Redgate Dairy Farm Limited at the period end was £4,790 (2023 - £29,318 payable to Redgate Dairy Farm Limited). This loan is interest free and repayable on demand.
During the period the Company operated loans with Frieden Limited, a company under common control. The Company also operated loans with Frieden Limited. The amount receivable from Frieden Limited at the period end was £45,440 (2023 - £100,000 payable to Frieden Limited). This loan is interest free and repayable on demand.


Page 8