Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-30falseNo description of principal activity2023-09-012524falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02218702 2023-09-01 2024-08-31 02218702 2022-09-01 2023-08-31 02218702 2024-08-31 02218702 2023-08-31 02218702 c:Director3 2023-09-01 2024-08-31 02218702 d:PlantMachinery 2023-09-01 2024-08-31 02218702 d:PlantMachinery 2024-08-31 02218702 d:PlantMachinery 2023-08-31 02218702 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02218702 d:MotorVehicles 2023-09-01 2024-08-31 02218702 d:MotorVehicles 2024-08-31 02218702 d:MotorVehicles 2023-08-31 02218702 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02218702 d:FurnitureFittings 2023-09-01 2024-08-31 02218702 d:OfficeEquipment 2023-09-01 2024-08-31 02218702 d:OfficeEquipment 2024-08-31 02218702 d:OfficeEquipment 2023-08-31 02218702 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02218702 d:ComputerEquipment 2023-09-01 2024-08-31 02218702 d:ComputerEquipment 2024-08-31 02218702 d:ComputerEquipment 2023-08-31 02218702 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02218702 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02218702 d:CurrentFinancialInstruments 2024-08-31 02218702 d:CurrentFinancialInstruments 2023-08-31 02218702 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 02218702 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 02218702 d:ShareCapital 2024-08-31 02218702 d:ShareCapital 2023-08-31 02218702 d:RetainedEarningsAccumulatedLosses 2024-08-31 02218702 d:RetainedEarningsAccumulatedLosses 2023-08-31 02218702 c:FRS102 2023-09-01 2024-08-31 02218702 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02218702 c:FullAccounts 2023-09-01 2024-08-31 02218702 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02218702 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 02218702









FISHER RESEARCH LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
FISHER RESEARCH LTD
REGISTERED NUMBER: 02218702

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
277,148
280,291

  
277,148
280,291

Current assets
  

Stocks
 5 
546,920
620,031

Debtors: amounts falling due within one year
 6 
3,479,112
3,106,596

Cash at bank and in hand
 7 
203,596
250,117

  
4,229,628
3,976,744

Creditors: amounts falling due within one year
 8 
(540,901)
(393,959)

Net current assets
  
 
 
3,688,727
 
 
3,582,785

Total assets less current liabilities
  
3,965,875
3,863,076

Provisions for liabilities
  

Deferred tax
  
(60,519)
(60,519)

  
 
 
(60,519)
 
 
(60,519)

Net assets
  
3,905,356
3,802,557


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
3,895,356
3,792,557

  
3,905,356
3,802,557


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 on 30 May 2025.
Page 1

 
FISHER RESEARCH LTD
REGISTERED NUMBER: 02218702
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024





I C U Fisher
Director

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

Page 2

 
FISHER RESEARCH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Fisher Research Ltd is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 02218702. The registered business address of 68 Bilton Way, Enfield, Middlesex, EN3 7NH. The principal acitivity of the company is manufacture of chemical goods. 

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FISHER RESEARCH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

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.

 
2.7

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.

Page 4

 
FISHER RESEARCH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

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.


 
2.9

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
15%
straight line
Office equipment
-
25%
straight line
Computer equipment
-
25%
straight line

Page 5

 
FISHER RESEARCH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 24).

Page 6

 
FISHER RESEARCH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
621,296
14,042
275,486
130,724
1,041,548


Additions
71,725
-
5,929
13,366
91,020



At 31 August 2024

693,021
14,042
281,415
144,090
1,132,568



Depreciation


At 1 September 2023
570,881
14,042
53,543
122,792
761,258


Charge for the year on owned assets
43,265
-
41,875
9,022
94,162



At 31 August 2024

614,146
14,042
95,418
131,814
855,420



Net book value



At 31 August 2024
78,875
-
185,997
12,276
277,148



At 31 August 2023
50,415
-
221,943
7,932
280,290

Page 7

 
FISHER RESEARCH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
546,920
620,031

546,920
620,031



6.


Debtors

2024
2023
£
£


Trade debtors
526,328
512,846

Amounts owed by group undertakings
2,924,084
2,547,724

Other debtors
2,898
7,044

Prepayments and accrued income
25,802
38,982

3,479,112
3,106,596



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
203,596
250,117

203,596
250,117



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
368,960
271,819

Amounts owed to group undertakings
12,073
25,909

Corporation tax
39,577
-

Other taxation and social security
102,643
75,534

Accruals and deferred income
17,648
20,697

540,901
393,959


Page 8

 
FISHER RESEARCH LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Related party transactions

At the year end the following amounts were due to related parties:


2024
2023
£
£

Due to intercompanies
2,912,011
2,521,815
2,912,011
2,521,815

Included within sales and purchases to group companies totalled £2,394,347 and £51,119 respectively.


10.


Controlling party

The company is a wholly owned subsidiary of Fisher Darville Holding Limited. Fisher Darville Holdings Limited is controlled by Mr A C U Fisher.

 
Page 9