Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01 false The principal activity was that of joinery.35 36 false true false 01336997 2024-04-01 2025-03-31 01336997 2023-01-01 2024-03-31 01336997 2025-03-31 01336997 2024-03-31 01336997 c:Director1 2024-04-01 2025-03-31 01336997 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 01336997 d:Buildings d:ShortLeaseholdAssets 2025-03-31 01336997 d:Buildings d:ShortLeaseholdAssets 2024-03-31 01336997 d:PlantMachinery 2024-04-01 2025-03-31 01336997 d:PlantMachinery 2025-03-31 01336997 d:PlantMachinery 2024-03-31 01336997 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01336997 d:MotorVehicles 2024-04-01 2025-03-31 01336997 d:MotorVehicles 2025-03-31 01336997 d:MotorVehicles 2024-03-31 01336997 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01336997 d:FurnitureFittings 2024-04-01 2025-03-31 01336997 d:FurnitureFittings 2025-03-31 01336997 d:FurnitureFittings 2024-03-31 01336997 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01336997 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 01336997 d:Goodwill 2024-04-01 2025-03-31 01336997 d:Goodwill 2025-03-31 01336997 d:Goodwill 2024-03-31 01336997 d:CurrentFinancialInstruments 2025-03-31 01336997 d:CurrentFinancialInstruments 2024-03-31 01336997 d:Non-currentFinancialInstruments 2025-03-31 01336997 d:Non-currentFinancialInstruments 2024-03-31 01336997 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 01336997 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01336997 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 01336997 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01336997 d:ShareCapital 2025-03-31 01336997 d:ShareCapital 2024-03-31 01336997 d:RetainedEarningsAccumulatedLosses 2025-03-31 01336997 d:RetainedEarningsAccumulatedLosses 2024-03-31 01336997 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 01336997 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01336997 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 01336997 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 01336997 d:RetirementBenefitObligationsDeferredTax 2025-03-31 01336997 d:RetirementBenefitObligationsDeferredTax 2024-03-31 01336997 c:OrdinaryShareClass1 2024-04-01 2025-03-31 01336997 c:OrdinaryShareClass1 2025-03-31 01336997 c:OrdinaryShareClass1 2024-03-31 01336997 c:OrdinaryShareClass2 2024-04-01 2025-03-31 01336997 c:OrdinaryShareClass2 2025-03-31 01336997 c:OrdinaryShareClass2 2024-03-31 01336997 c:FRS102 2024-04-01 2025-03-31 01336997 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01336997 c:FullAccounts 2024-04-01 2025-03-31 01336997 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01336997 d:WithinOneYear 2025-03-31 01336997 d:WithinOneYear 2024-03-31 01336997 d:BetweenOneFiveYears 2025-03-31 01336997 d:BetweenOneFiveYears 2024-03-31 01336997 2 2024-04-01 2025-03-31 01336997 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2025-03-31 01336997 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-31 01336997 d:LeasedAssetsHeldAsLessee 2025-03-31 01336997 d:LeasedAssetsHeldAsLessee 2024-03-31 01336997 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01336997 L W WEDD & SON LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
L W WEDD & SON LIMITED REGISTERED NUMBER: 01336997 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 5 |  | 653,861 |  | 465,729
|  |  | 653,861 |  | 465,729
CURRENT ASSETS |  |  |  |  |
Stocks | 6 | 447,010 |  | 287,884 |
Debtors: amounts falling due within one year | 7 | 1,182,572 |  | 1,280,470 |
Bank and cash balances |  | 889,855 |  | 1,367,519 |
|  | 2,519,437 |  | 2,935,873 |
Creditors: amounts falling due within one year | 8 | (743,704) |  | (862,685) |
NET CURRENT ASSETS |  |  | 1,775,733 |  | 2,073,188
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,429,594 |  | 2,538,917
Creditors: amounts falling due after more than one year | 9 |  | (73,333) |  | (12,482)
PROVISIONS FOR LIABILITIES |  |  |  |  |
Deferred tax | 10 | (121,884) |  | (96,026) |
|  |  | (121,884) |  | (96,026)
NET ASSETS |  |  | 2,234,377 |  | 2,430,409
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital | 11 |  | 1,000 |  | 1,000
Profit and loss account |  |  | 2,233,377 |  | 2,429,409
|  |  | 2,234,377 |  | 2,430,409
Page 1
L W WEDD & SON LIMITED REGISTERED NUMBER: 01336997 BALANCE SHEET (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 by:
Mr P D Wedd
Director
Date: 3 December 2025
The notes on pages 3 to 11 form part of these financial statements. Page 2
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
L W Wedd & Son Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 9 Granta Park, Stapleford, Cambridge, CB22 5FJ. The Company's functional and presentational currency is GBP. 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 | TURNOVER
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised: Sale of goods Turnover 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 turnover 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 | 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.
| 2.4 | GOVERNMENT GRANTS
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure. Page 3
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 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 | 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.
| 2.8 | 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. Page 4
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.9 | 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.
| 2.10 | 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:
|  |  |  | Short-term leasehold property | - |  | straight line over the period of the lease
|  |  |  | Plant and machinery | - | 15% | reducing balance
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Fixtures and fittings | - | 25% | reducing balance
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.
| 2.11 | 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. Page 5
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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.
| 2.15 | DIVIDENDS
Equity dividends are recognised when they become legally payable.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 35 (2024 - 36).
Page 6
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | INTANGIBLE ASSETS
|  | Goodwill
|  | £
| COST |
| At 1 April 2024 | 203,604
| At 31 March 2025 | 203,604
| AMORTISATION |
| At 1 April 2024 | 203,604
| At 31 March 2025 | 203,604
| NET BOOK VALUE |
| At 31 March 2025 | -
| At 31 March 2024 | -
Page 7
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | TANGIBLE FIXED ASSETS
|  | Short-term leasehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| COST OR VALUATION |  |  |  |  |
| At 1 April 2024 | 84,500 | 910,929 | 159,148 | 171,374 | 1,325,951
| Additions | 240 | 261,281 | 18,000 | 6,510 | 286,031
| At 31 March 2025 | 84,740 | 1,172,210 | 177,148 | 177,884 | 1,611,982
| DEPRECIATION |  |  |  |  |
| At 1 April 2024 | 16,898 | 554,096 | 133,153 | 156,075 | 860,222
| Charge for the year on owned assets | 16,946 | 66,951 | 9,498 | 4,504 | 97,899
| At 31 March 2025 | 33,844 | 621,047 | 142,651 | 160,579 | 958,121
| NET BOOK VALUE |  |  |  |  |
| At 31 March 2025 | 50,896 | 551,163 | 34,497 | 17,305 | 653,861
| At 31 March 2024 | 67,602 | 356,833 | 25,995 | 15,299 | 465,729
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Plant and machinery | 313,757 | 155,655
|  | 313,757 | 155,655
Page 8
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | STOCKS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 25,303 | 53,060
| Work in progress (goods to be sold) | 421,707 | 234,824
|  | 447,010 | 287,884
7. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 506,842 | 1,070,738
| Other debtors | 666,118 | 193,992
| Prepayments and accrued income | 9,612 | 15,740
|  | 1,182,572 | 1,280,470
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 304,374 | 260,590
| Corporation tax | - | 112,401
| Other taxation and social security | 75,771 | 146,304
| Obligations under finance lease and hire purchase contracts | 51,686 | 62,414
| Other creditors | 311,873 | 280,976
|  | 743,704 | 862,685
| During the year the Company operated a defined benefit pension contribution scheme. Contributions during the period were £26,234 (2024 - £32,048). At the year end contributions outstanding totalled £5,303 (2024 - £5,103) and is included above within other creditors. Obligations under finance leases and hire purchase contracts are secured on the assets concerned.
Page 9
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 73,333 | 12,482
| Obligations under finance leases and hire purchase contracts are secured on the assets concerned.
10. | DEFERRED TAXATION
|  | 2025
|  | £
| At beginning of year | (96,026)
| Charged to profit or loss | (25,858)
| AT END OF YEAR | (121,884)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 144,371 | 96,581
| Tax losses carried forward | 20,607 | -
| Short term timing | 1,880 | 555
|  | 121,884 | 96,026
11. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | ALLOTTED, CALLED UP AND FULLY PAID |  |
|  | 800 (2024 - 800) A Ordinary shares of £1.00 each | 800 | 800
|  | 200 (2024 - 200) B Ordinary shares of £1.00 each | 200 | 200
|  |  | 1,000 | 1,000
Page 10
L W WEDD & SON LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | COMMITMENTS UNDER OPERATING LEASES
| At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 25,000 | 25,000
| Later than 1 year and not later than 5 years | 62,500 | 87,500
|  | 87,500 | 112,500
Page 11