Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01falseNo description of principal activity1212truetruefalse 00965466 2023-10-01 2024-09-30 00965466 2022-10-01 2023-09-30 00965466 2024-09-30 00965466 2023-09-30 00965466 c:Director1 2023-10-01 2024-09-30 00965466 d:Buildings 2023-10-01 2024-09-30 00965466 d:Buildings 2024-09-30 00965466 d:Buildings 2023-09-30 00965466 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00965466 d:CurrentFinancialInstruments 2024-09-30 00965466 d:CurrentFinancialInstruments 2023-09-30 00965466 d:Non-currentFinancialInstruments 2024-09-30 00965466 d:Non-currentFinancialInstruments 2023-09-30 00965466 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00965466 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00965466 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 00965466 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00965466 d:ShareCapital 2024-09-30 00965466 d:ShareCapital 2023-09-30 00965466 d:OtherMiscellaneousReserve 2024-09-30 00965466 d:OtherMiscellaneousReserve 2023-09-30 00965466 d:RetainedEarningsAccumulatedLosses 2024-09-30 00965466 d:RetainedEarningsAccumulatedLosses 2023-09-30 00965466 c:FRS102 2023-10-01 2024-09-30 00965466 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00965466 c:FullAccounts 2023-10-01 2024-09-30 00965466 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00965466 2 2023-10-01 2024-09-30 00965466 6 2023-10-01 2024-09-30 00965466 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 00965466








HOWLANDS (FURNITURE) LIMITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
HOWLANDS (FURNITURE) LIMITED
REGISTERED NUMBER: 00965466

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
                                                                        Note
£
£

Fixed assets
  

Tangible assets
 5 
453,538
492,497

Investments
 6 
203,525
203,525

  
657,063
696,022

Current assets
  

Debtors: amounts falling due within one year
 7 
346,192
192,934

Cash at bank and in hand
 8 
1,342,133
1,389,371

  
1,688,325
1,582,305

Creditors: amounts falling due within one year
 9 
(758,368)
(647,670)

Net current assets
  
 
 
929,957
 
 
934,635

Total assets less current liabilities
  
1,587,020
1,630,657

Creditors: amounts falling due after more than one year
 10 
(255,639)
(255,639)

  

Net assets
  
1,331,381
1,375,018


Capital and reserves
  

Called up share capital 
  
23,724
23,724

Other reserves
  
20,362
20,362

Profit and loss account
  
1,287,295
1,330,932

  
1,331,381
1,375,018


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.



 
Page 1

 
HOWLANDS (FURNITURE) LIMITED
REGISTERED NUMBER: 00965466
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


 

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 18 June 2025.




P. D. Head
Director

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

Page 2

 
HOWLANDS (FURNITURE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Howlands (Furniture) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 36 Dashwood Avenue, High Wycombe, Bucks, HP12 3DX.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
HOWLANDS (FURNITURE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
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.

Page 4

 
HOWLANDS (FURNITURE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.8
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 land and buildings
-
2%
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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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.

 
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 12 (2023 - 12).


4.


Director's remuneration

2024
2023
£
£

Director's emoluments
57,842
425,295


Page 5

 
HOWLANDS (FURNITURE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Land and buildings

£



Cost or valuation


At 1 October 2023
2,791,211



At 30 September 2024

2,791,211



Depreciation


At 1 October 2023
2,298,714


Charge for the year on owned assets
38,959



At 30 September 2024

2,337,673



Net book value



At 30 September 2024
453,538



At 30 September 2023
492,497


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
203,525



At 30 September 2024
203,525




Page 6

 
HOWLANDS (FURNITURE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
17,264
28,897

Other debtors
318,614
160,663

Prepayments and accrued income
10,314
3,374

346,192
192,934



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,342,133
1,389,371

1,342,133
1,389,371



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
46,080
22,545

Amounts owed to group undertakings
485,123
182,993

Corporation tax
235
4,848

Accruals and deferred income
226,930
437,284

758,368
647,670



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
255,639
255,639

255,639
255,639


Page 7

 
HOWLANDS (FURNITURE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those in the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and totalled £23,782 (2023: £19,188).


12.


Related party transactions

At the year end £318,614 (2023: £158,614) was owed to the company by C Head, an employee of the company and son of the company director. This amount is interest free and has no fixed repayment terms.

 
Page 8