Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01falseindependent financial advisors88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11503291 2023-11-01 2024-10-31 11503291 2022-11-01 2023-10-31 11503291 2024-10-31 11503291 2023-10-31 11503291 c:Director1 2023-11-01 2024-10-31 11503291 d:PlantMachinery 2023-11-01 2024-10-31 11503291 d:PlantMachinery 2024-10-31 11503291 d:PlantMachinery 2023-10-31 11503291 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11503291 d:FurnitureFittings 2023-11-01 2024-10-31 11503291 d:FurnitureFittings 2024-10-31 11503291 d:FurnitureFittings 2023-10-31 11503291 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11503291 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11503291 d:Goodwill 2023-11-01 2024-10-31 11503291 d:Goodwill 2024-10-31 11503291 d:Goodwill 2023-10-31 11503291 d:CurrentFinancialInstruments 2024-10-31 11503291 d:CurrentFinancialInstruments 2023-10-31 11503291 d:Non-currentFinancialInstruments 2024-10-31 11503291 d:Non-currentFinancialInstruments 2023-10-31 11503291 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 11503291 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11503291 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 11503291 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11503291 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 11503291 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 11503291 d:ShareCapital 2024-10-31 11503291 d:ShareCapital 2023-10-31 11503291 d:SharePremium 2024-10-31 11503291 d:SharePremium 2023-10-31 11503291 d:RetainedEarningsAccumulatedLosses 2024-10-31 11503291 d:RetainedEarningsAccumulatedLosses 2023-10-31 11503291 c:OrdinaryShareClass1 2023-11-01 2024-10-31 11503291 c:OrdinaryShareClass1 2024-10-31 11503291 c:OrdinaryShareClass1 2023-10-31 11503291 c:OrdinaryShareClass2 2023-11-01 2024-10-31 11503291 c:OrdinaryShareClass2 2024-10-31 11503291 c:OrdinaryShareClass2 2023-10-31 11503291 c:OrdinaryShareClass3 2023-11-01 2024-10-31 11503291 c:OrdinaryShareClass3 2024-10-31 11503291 c:OrdinaryShareClass3 2023-10-31 11503291 c:OrdinaryShareClass4 2023-11-01 2024-10-31 11503291 c:OrdinaryShareClass4 2024-10-31 11503291 c:OrdinaryShareClass4 2023-10-31 11503291 c:FRS102 2023-11-01 2024-10-31 11503291 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11503291 c:FullAccounts 2023-11-01 2024-10-31 11503291 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11503291 2 2023-11-01 2024-10-31 11503291 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 11503291 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11503291









ANNETTS & ORCHARD LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
ANNETTS & ORCHARD LTD
REGISTERED NUMBER: 11503291

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,400
6,600

Tangible assets
 5 
8,108
4,873

  
13,508
11,473

Current assets
  

Debtors: amounts falling due within one year
 6 
184,813
158,389

Cash at bank and in hand
 7 
166,297
164,398

  
351,110
322,787

Creditors: amounts falling due within one year
 8 
(285,883)
(249,544)

Net current assets
  
 
 
65,227
 
 
73,243

Total assets less current liabilities
  
78,735
84,716

Creditors: amounts falling due after more than one year
 9 
(5,813)
(15,813)

  

Net assets
  
72,922
68,903


Capital and reserves
  

Called up share capital 
 11 
1,003
1,003

Share premium account
  
67,900
67,900

Profit and loss account
  
4,019
-

  
72,922
68,903


Page 1

 
ANNETTS & ORCHARD LTD
REGISTERED NUMBER: 11503291
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 on 23 June 2025.





................................................
Paul Orchard
Director

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

Page 2

 
ANNETTS & ORCHARD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of independent financial advisers. 

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

 
ANNETTS & ORCHARD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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

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.

 
2.9

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

 
ANNETTS & ORCHARD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Computer equipment
-
33%
reducing balance
Plant & machinery
-
20%
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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 8 (2023 - 8).

Page 5

 
ANNETTS & ORCHARD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
12,000



At 31 October 2024

12,000



Amortisation


At 1 November 2023
5,400


Charge for the year on owned assets
1,200



At 31 October 2024

6,600



Net book value



At 31 October 2024
5,400



At 31 October 2023
6,600



Page 6

 
ANNETTS & ORCHARD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Computer equipment
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 November 2023
3,278
5,957
9,235


Additions
1,298
4,450
5,748



At 31 October 2024

4,576
10,407
14,983



Depreciation


At 1 November 2023
1,607
2,755
4,362


Charge for the year on owned assets
981
1,532
2,513



At 31 October 2024

2,588
4,287
6,875



Net book value



At 31 October 2024
1,988
6,120
8,108



At 31 October 2023
1,671
3,202
4,873

Page 7

 
ANNETTS & ORCHARD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
159,491
133,079

Other debtors
32
20

Prepayments and accrued income
25,290
25,290

184,813
158,389



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
166,297
164,398

166,297
164,398



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,020
10,020

Trade creditors
197,506
179,677

Corporation tax
53,467
35,650

Other taxation and social security
4,970
4,214

Other creditors
16,302
16,539

Accruals and deferred income
3,618
3,444

285,883
249,544



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,813
15,813

5,813
15,813


Page 8

 
ANNETTS & ORCHARD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,020
10,020


Amounts falling due 2-5 years

Bank loans
5,813
15,813


15,833
25,833



11.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1 each
1,000
1,000
1 (2023 - 1) Ordinary A share of £1
1
1
1 (2023 - 1) Ordinary B share of £1
1
1
1 (2023 - 1) Ordinary D share of £1
1
1

1,003

1,003



12.


Pension commitments

The Company operates a defined contributions pension scheme in respect of the employees and directors. 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 £13,413 (2023: £11,120). Contributions totalling £1,781 (2023: £1,135) were payable to the fund at the balance sheet date.


13.


Controlling party

There is no overall controlling interest in the Company.
 
Page 9