Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 2024-02-29 false No description of principal activity 2 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06505712 2024-02-29 2025-02-28 06505712 2023-03-01 2024-02-28 06505712 2025-02-28 06505712 2024-02-28 06505712 c:Director3 2024-02-29 2025-02-28 06505712 d:MotorVehicles 2024-02-29 2025-02-28 06505712 d:MotorVehicles 2025-02-28 06505712 d:MotorVehicles 2024-02-28 06505712 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 06505712 d:CurrentFinancialInstruments 2025-02-28 06505712 d:CurrentFinancialInstruments 2024-02-28 06505712 d:Non-currentFinancialInstruments 2025-02-28 06505712 d:Non-currentFinancialInstruments 2024-02-28 06505712 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 06505712 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 06505712 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 06505712 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-28 06505712 d:ShareCapital 2025-02-28 06505712 d:ShareCapital 2024-02-28 06505712 d:RetainedEarningsAccumulatedLosses 2025-02-28 06505712 d:RetainedEarningsAccumulatedLosses 2024-02-28 06505712 c:FRS102 2024-02-29 2025-02-28 06505712 c:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 06505712 c:FullAccounts 2024-02-29 2025-02-28 06505712 c:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 06505712 d:HirePurchaseContracts d:WithinOneYear 2025-02-28 06505712 d:HirePurchaseContracts d:WithinOneYear 2024-02-28 06505712 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-02-28 06505712 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-02-28 06505712 2 2024-02-29 2025-02-28 06505712 6 2024-02-29 2025-02-28 06505712 e:PoundSterling 2024-02-29 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 06505712 WHO NEEDS SHOPS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
WHO NEEDS SHOPS LIMITED REGISTERED NUMBER: 06505712 BALANCE SHEET AS AT 28 FEBRUARY 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 26,703 |  | -
Investments | 5 |  | 100 |  | 100
|  |  | 26,803 |  | 100
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 382,235 |  | 604,891 |
Cash at bank and in hand |  | 26,598 |  | 9,990 |
|  | 408,833 |  | 614,881 |
Creditors: amounts falling due within one year | 7 | (217,412) |  | (450,049) |
Net current assets |  |  | 191,421 |  | 164,832
Creditors: amounts falling due after more than one year | 8 |  | (52,155) |  | -
Net assets |  |  | 166,069 |  | 164,932
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Profit and loss account |  |  | 166,067 |  | 164,930
|  |  | 166,069 |  | 164,932
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WHO NEEDS SHOPS LIMITED REGISTERED NUMBER: 06505712 BALANCE SHEET (CONTINUED) AS AT 28 FEBRUARY 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 14 January 2026.
R Payne
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
WHO NEEDS SHOPS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
Who Needs Shops Limited ("the Company") is a private company limited by shares and is incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and 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 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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. Page 3
WHO NEEDS SHOPS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets (continued)
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:
|  |  |  | Motor vehicles | - | 25% | on a reducing balance basis
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 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.6 | Debtors
Short term debtors are measured at transaction price, less any impairment.
| 2.7 | 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. Page 4
WHO NEEDS SHOPS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
| 2.9 | Creditors
Short term creditors are measured at the transaction price.
| 2.10 | Taxation
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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 5
WHO NEEDS SHOPS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
4. | Tangible fixed assets
|  | Motor vehicles
|  | £
| Cost or valuation |
| Additions | 28,483
| At 28 February 2025 | 28,483
| Depreciation |
| Charge for the year on owned assets | 1,780
| At 28 February 2025 | 1,780
| Net book value |
| At 28 February 2025 | 26,703
| At 28 February 2024 | -
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 29 February 2024 | 100
| At 28 February 2025 | 100
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WHO NEEDS SHOPS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 382,235 | 604,891
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,873 | 430,353
| Corporation tax | - | 4,560
| VAT | 12,247 | 12,012
| Obligations under finance lease and hire purchase contracts | 23,267 | -
| Other creditors | 176,505 | 100
| Accruals and deferred income | 2,520 | 3,024
|  | 217,412 | 450,049
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 52,155 | -
|  | 52,155 | -
9. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 23,267 | -
| Between 1-5 years | 52,155 | -
|  | 75,422 | -
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