Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-3122024-04-01falseProperty maintenance2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04790293 2024-04-01 2025-03-31 04790293 2023-04-01 2024-03-31 04790293 2025-03-31 04790293 2024-03-31 04790293 c:Director1 2024-04-01 2025-03-31 04790293 d:MotorVehicles 2024-04-01 2025-03-31 04790293 d:MotorVehicles 2025-03-31 04790293 d:MotorVehicles 2024-03-31 04790293 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04790293 d:OfficeEquipment 2024-04-01 2025-03-31 04790293 d:OfficeEquipment 2025-03-31 04790293 d:OfficeEquipment 2024-03-31 04790293 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04790293 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04790293 d:Goodwill 2024-04-01 2025-03-31 04790293 d:Goodwill 2025-03-31 04790293 d:Goodwill 2024-03-31 04790293 d:CurrentFinancialInstruments 2025-03-31 04790293 d:CurrentFinancialInstruments 2024-03-31 04790293 d:Non-currentFinancialInstruments 2025-03-31 04790293 d:Non-currentFinancialInstruments 2024-03-31 04790293 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 04790293 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04790293 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 04790293 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04790293 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 04790293 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04790293 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 04790293 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04790293 d:ShareCapital 2025-03-31 04790293 d:ShareCapital 2024-03-31 04790293 d:RetainedEarningsAccumulatedLosses 2025-03-31 04790293 d:RetainedEarningsAccumulatedLosses 2024-03-31 04790293 c:FRS102 2024-04-01 2025-03-31 04790293 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04790293 c:FullAccounts 2024-04-01 2025-03-31 04790293 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04790293 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 04790293










W FIRKINS & PARTNERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
W FIRKINS & PARTNERS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF W FIRKINS & PARTNERS LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W Firkins & Partners Limited for the year ended 31 March 2025 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of W Firkins & Partners Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of W Firkins & Partners Limited and state those matters that we have agreed to state to the Board of directors of W Firkins & Partners Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W Firkins & Partners Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that W Firkins & Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of W Firkins & Partners Limited. You consider that W Firkins & Partners Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of W Firkins & Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
12 August 2025
Page 1

 
W FIRKINS & PARTNERS LIMITED
REGISTERED NUMBER: 04790293

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
£
£

Fixed assets
  

Tangible assets
 6 
417
472

  
417
472

Current assets
  

Debtors: amounts falling due within one year
 7 
158
-

Cash at bank and in hand
  
9,535
23,181

  
9,693
23,181

Creditors: amounts falling due within one year
 8 
(4,768)
(5,136)

Net current assets
  
 
 
4,925
 
 
18,045

Total assets less current liabilities
  
5,342
18,517

Creditors: amounts falling due after more than one year
 9 
(267)
(1,867)

Provisions for liabilities
  

Deferred tax
  
-
(90)

  
 
 
-
 
 
(90)

Net assets
  
5,075
16,560


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,975
16,460

  
5,075
16,560


Page 2

 
W FIRKINS & PARTNERS LIMITED
REGISTERED NUMBER: 04790293
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 12 August 2025.




R H Firkins
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
W FIRKINS & PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

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.

 
1.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
W FIRKINS & PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)

 
1.5

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 reporting 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 reporting 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 reporting date.


 
1.6

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.

 
1.7

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.

Page 5

 
W FIRKINS & PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies (continued)


1.7
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 following methods.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Office equipment
-
33% 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.

 
1.8

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.

 
1.9

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.

 
1.10

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.

 
1.11

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.

 
1.12

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.

Page 6

 
W FIRKINS & PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 04790293
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

There have been no significant judgements made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


5.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
14,000



At 31 March 2025

14,000



Amortisation


At 1 April 2024
14,000



At 31 March 2025

14,000



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 7

 
W FIRKINS & PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
3,995
712
4,707


Additions
-
220
220



At 31 March 2025

3,995
932
4,927



Depreciation


At 1 April 2024
3,869
366
4,235


Charge for the year on owned assets
32
243
275



At 31 March 2025

3,901
609
4,510



Net book value



At 31 March 2025
94
323
417



At 31 March 2024
126
346
472


7.


Debtors

2025
2024
£
£


Other debtors
158
-

158
-


Page 8

 
W FIRKINS & PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
1,600
1,600

Corporation tax
-
158

Other creditors
1,975
2,215

Accruals and deferred income
1,193
1,163

4,768
5,136



9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
267
1,867

267
1,867


Page 9

 
W FIRKINS & PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
1,600
1,600


1,600
1,600

Amounts falling due 1-2 years

Bank loans
267
1,600


267
1,600

Amounts falling due 2-5 years

Bank loans
-
267


-
267


1,867
3,467



11.


Related party transactions

The amount due to the directors, and included in other creditors at the reporting date, was £1,975; (2024: £2,215). The loan does not attract a rate of interest and is repayable on demand.

 
Page 10