Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30true2023-12-01falseNo description of principal activity88trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06424696 2023-12-01 2024-11-30 06424696 2022-12-01 2023-11-30 06424696 2024-11-30 06424696 2023-11-30 06424696 c:Director2 2023-12-01 2024-11-30 06424696 d:Buildings 2023-12-01 2024-11-30 06424696 d:Buildings 2024-11-30 06424696 d:Buildings 2023-11-30 06424696 d:Buildings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06424696 d:Buildings d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06424696 d:PlantMachinery 2023-12-01 2024-11-30 06424696 d:PlantMachinery 2024-11-30 06424696 d:PlantMachinery 2023-11-30 06424696 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06424696 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06424696 d:MotorVehicles 2023-12-01 2024-11-30 06424696 d:MotorVehicles 2024-11-30 06424696 d:MotorVehicles 2023-11-30 06424696 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06424696 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06424696 d:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 06424696 d:OtherPropertyPlantEquipment 2024-11-30 06424696 d:OtherPropertyPlantEquipment 2023-11-30 06424696 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06424696 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06424696 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06424696 d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06424696 d:CurrentFinancialInstruments 2024-11-30 06424696 d:CurrentFinancialInstruments 2023-11-30 06424696 d:Non-currentFinancialInstruments 2024-11-30 06424696 d:Non-currentFinancialInstruments 2023-11-30 06424696 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 06424696 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06424696 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 06424696 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06424696 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-11-30 06424696 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 06424696 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 06424696 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 06424696 d:ShareCapital 2024-11-30 06424696 d:ShareCapital 2023-11-30 06424696 d:RetainedEarningsAccumulatedLosses 2024-11-30 06424696 d:RetainedEarningsAccumulatedLosses 2023-11-30 06424696 c:OrdinaryShareClass1 2023-12-01 2024-11-30 06424696 c:OrdinaryShareClass1 2024-11-30 06424696 c:OrdinaryShareClass1 2023-11-30 06424696 c:FRS102 2023-12-01 2024-11-30 06424696 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 06424696 c:FullAccounts 2023-12-01 2024-11-30 06424696 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06424696 2 2023-12-01 2024-11-30 06424696 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06424696










DERWEN GARAGE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
DERWEN GARAGE LIMITED
REGISTERED NUMBER: 06424696

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,374,852
1,131,796

  
1,374,852
1,131,796

Current assets
  

Stocks
  
15,000
15,066

Debtors: amounts falling due within one year
 5 
21,639
17,969

Cash at bank and in hand
 6 
179,944
305,223

  
216,583
338,258

Creditors: amounts falling due within one year
 7 
(817,610)
(519,548)

Net current liabilities
  
 
 
(601,027)
 
 
(181,290)

Total assets less current liabilities
  
773,825
950,506

Creditors: amounts falling due after more than one year
 8 
(5,172)
(13,292)

  

Net assets
  
768,653
937,214


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
768,651
937,212

  
768,653
937,214



 
DERWEN GARAGE LIMITED
REGISTERED NUMBER: 06424696
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 profit and loss account 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: 




Benjamin Melvyn Evans
Director

Date: 20 August 2025

The notes on  form part of these financial statements.


 
DERWEN GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Derwen Garage Limited, 06424696, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office address and principal place of business at Derwen Garage, Harford, Llanwrda, Carmarthenshire, SA19 8DT.

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 Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


 
DERWEN GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 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.

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.

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
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

Borrowing costs

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


 
DERWEN GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
reducing balance
Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Other fixed assets
-
Revaluation method

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

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.


 
DERWEN GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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.

3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 December 2023
46,323
248,320
365,783
887,658
1,548,084


Additions
-
11,400
52,765
522,098
586,263


Disposals
-
-
-
(286,391)
(286,391)



At 30 November 2024

46,323
259,720
418,548
1,123,365
1,847,956



Depreciation


At 1 December 2023
9,892
197,068
209,329
-
416,289


Charge for the year on owned assets
729
9,398
41,748
-
51,875


Charge for the year on financed assets
-
-
4,940
-
4,940



At 30 November 2024

10,621
206,466
256,017
-
473,104



Net book value



At 30 November 2024
35,702
53,254
162,531
1,123,365
1,374,852



At 30 November 2023
36,432
51,252
156,454
887,658
1,131,796


 
DERWEN GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
21,639
17,969

21,639
17,969



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
179,944
305,223

179,944
305,223



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,060
8,000

Trade creditors
115,132
36,311

Other taxation and social security
110,824
14,653

Obligations under finance lease and hire purchase contracts
-
1,667

Other creditors
580,699
456,286

Accruals and deferred income
2,895
2,631

817,610
519,548



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,172
13,292

5,172
13,292



 
DERWEN GARAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,060
8,000


8,060
8,000

Amounts falling due 1-2 years

Bank loans
5,172
8,000


5,172
8,000

Amounts falling due 2-5 years

Bank loans
-
5,292


-
5,292


13,232
21,292



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2