Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31132023-09-01false12No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01810948 2023-09-01 2024-08-31 01810948 2022-09-01 2023-08-31 01810948 2024-08-31 01810948 2023-08-31 01810948 c:Director2 2023-09-01 2024-08-31 01810948 d:Buildings d:ShortLeaseholdAssets 2023-09-01 2024-08-31 01810948 d:Buildings d:ShortLeaseholdAssets 2024-08-31 01810948 d:Buildings d:ShortLeaseholdAssets 2023-08-31 01810948 d:MotorVehicles 2023-09-01 2024-08-31 01810948 d:MotorVehicles 2024-08-31 01810948 d:MotorVehicles 2023-08-31 01810948 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01810948 d:FurnitureFittings 2023-09-01 2024-08-31 01810948 d:FurnitureFittings 2024-08-31 01810948 d:FurnitureFittings 2023-08-31 01810948 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01810948 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 01810948 d:CurrentFinancialInstruments 2024-08-31 01810948 d:CurrentFinancialInstruments 2023-08-31 01810948 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 01810948 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 01810948 d:ShareCapital 2024-08-31 01810948 d:ShareCapital 2023-08-31 01810948 d:RetainedEarningsAccumulatedLosses 2024-08-31 01810948 d:RetainedEarningsAccumulatedLosses 2023-08-31 01810948 c:OrdinaryShareClass2 2023-09-01 2024-08-31 01810948 c:OrdinaryShareClass2 2024-08-31 01810948 c:OrdinaryShareClass2 2023-08-31 01810948 c:OrdinaryShareClass3 2023-09-01 2024-08-31 01810948 c:OrdinaryShareClass3 2024-08-31 01810948 c:OrdinaryShareClass3 2023-08-31 01810948 c:OrdinaryShareClass4 2023-09-01 2024-08-31 01810948 c:OrdinaryShareClass4 2024-08-31 01810948 c:OrdinaryShareClass4 2023-08-31 01810948 c:OrdinaryShareClass5 2023-09-01 2024-08-31 01810948 c:OrdinaryShareClass5 2024-08-31 01810948 c:OrdinaryShareClass5 2023-08-31 01810948 c:FRS102 2023-09-01 2024-08-31 01810948 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01810948 c:FullAccounts 2023-09-01 2024-08-31 01810948 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01810948 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01810948









PENHALIGAN SILVERWARE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
PENHALIGAN SILVERWARE LIMITED
REGISTERED NUMBER: 01810948

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,912
25,637

  
14,912
25,637

Current assets
  

Stocks
 5 
42,385
50,000

Debtors: amounts falling due within one year
 6 
226,809
150,817

Cash at bank and in hand
 7 
9,443
73,997

  
278,637
274,814

Creditors: amounts falling due within one year
 8 
(287,383)
(271,811)

Net current (liabilities)/assets
  
 
 
(8,746)
 
 
3,003

Total assets less current liabilities
  
6,166
28,640

  

Net assets
  
6,166
28,640


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
6,066
28,540

  
6,166
28,640


Page 1

 
PENHALIGAN SILVERWARE LIMITED
REGISTERED NUMBER: 01810948
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 comprehensive income 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: 




D Penhaligan
Director

Date: 1 July 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Penhaligan Silverware Limited is a private company limited by shares incorporated in England & Wales (registered number 01810948). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Straight line over the life of the lease
Motor vehicles
-
20% Straight Line
Fixtures and fittings
-
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.

 
2.5

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 reporting 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.

 
2.6

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.

 
2.7

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 13 (2023 - 12).

Page 4

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 September 2023
100,484
38,010
16,947
155,441



At 31 August 2024

100,484
38,010
16,947
155,441



Depreciation


At 1 September 2023
75,612
37,780
16,413
129,805


Charge for the year on owned assets
10,048
231
445
10,724



At 31 August 2024

85,660
38,011
16,858
140,529



Net book value



At 31 August 2024
14,824
(1)
89
14,912



At 31 August 2023
24,872
231
534
25,637

Page 5

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
42,385
50,000

42,385
50,000



6.


Debtors

2024
2023
£
£


Trade debtors
205,791
136,379

Other debtors
7,730
14,438

Prepayments and accrued income
13,288
-

226,809
150,817



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,443
73,997

9,443
73,997



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
109,353
111,387

Corporation tax
15,908
13,007

Other taxation and social security
31,933
18,505

Other creditors
101,384
100,108

Accruals and deferred income
28,805
28,804

287,383
271,811


Page 6

 
PENHALIGAN SILVERWARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



63 (2023 - 63) Ordinary Shares - A shares shares of £1.00 each
63
63
10 (2023 - 10) Ordinary Shares - B shares shares of £1.00 each
10
10
25 (2023 - 25) Ordinary Shares -C shares shares of £1.00 each
25
25
1 (2023 - 1) Ordinary Share - D shares share of £1.00
1
1
1 (2023 - 1) Ordinary Share - E shares share of £1.00
1
1

100

100


 
Page 7