Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-313030false2021-04-01No description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC181756 2021-04-01 2022-03-31 SC181756 2020-04-01 2021-03-31 SC181756 2022-03-31 SC181756 2021-03-31 SC181756 c:Director4 2021-04-01 2022-03-31 SC181756 d:PlantMachinery 2021-04-01 2022-03-31 SC181756 d:PlantMachinery 2022-03-31 SC181756 d:PlantMachinery 2021-03-31 SC181756 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 SC181756 d:MotorVehicles 2021-04-01 2022-03-31 SC181756 d:MotorVehicles 2022-03-31 SC181756 d:MotorVehicles 2021-03-31 SC181756 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 SC181756 d:OfficeEquipment 2021-04-01 2022-03-31 SC181756 d:OfficeEquipment 2022-03-31 SC181756 d:OfficeEquipment 2021-03-31 SC181756 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 SC181756 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 SC181756 d:CurrentFinancialInstruments 2022-03-31 SC181756 d:CurrentFinancialInstruments 2021-03-31 SC181756 d:Non-currentFinancialInstruments 2022-03-31 SC181756 d:Non-currentFinancialInstruments 2021-03-31 SC181756 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC181756 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 SC181756 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC181756 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 SC181756 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 SC181756 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-03-31 SC181756 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 SC181756 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 SC181756 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 SC181756 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-03-31 SC181756 d:ShareCapital 2022-03-31 SC181756 d:ShareCapital 2021-03-31 SC181756 d:CapitalRedemptionReserve 2022-03-31 SC181756 d:CapitalRedemptionReserve 2021-03-31 SC181756 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC181756 d:RetainedEarningsAccumulatedLosses 2021-03-31 SC181756 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 SC181756 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-03-31 SC181756 c:FRS102 2021-04-01 2022-03-31 SC181756 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 SC181756 c:FullAccounts 2021-04-01 2022-03-31 SC181756 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 SC181756 2 2021-04-01 2022-03-31 SC181756 4 2021-04-01 2022-03-31 SC181756 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 SC181756 d:AcceleratedTaxDepreciationDeferredTax 2021-03-31 iso4217:GBP xbrli:pure

Registered number: SC181756









BROUGHTON REMOVALS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
BROUGHTON REMOVALS LIMITED
REGISTERED NUMBER: SC181756

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
357,037
371,421

  
357,037
371,421

Current assets
  

Debtors: amounts falling due after more than one year
 5 
134,685
122,565

Debtors: amounts falling due within one year
 5 
37,036
36,994

Cash at bank and in hand
 6 
501,098
350,409

  
672,819
509,968

Creditors: amounts falling due within one year
 7 
(232,477)
(163,010)

Net current assets
  
 
 
440,342
 
 
346,958

Total assets less current liabilities
  
797,379
718,379

Creditors: amounts falling due after more than one year
 8 
(244,927)
(286,421)

Provisions for liabilities
  

Deferred tax
 11 
(63,443)
(65,075)

  
 
 
(63,443)
 
 
(65,075)

Net assets
  
489,009
366,883


Capital and reserves
  

Called up share capital 
  
7
7

Capital redemption reserve
  
3
3

Profit and loss account
  
488,999
366,873

  
489,009
366,883


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
Page 1

 
BROUGHTON REMOVALS LIMITED
REGISTERED NUMBER: SC181756
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

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 7 September 2022.




Joanne Munro
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BROUGHTON REMOVALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

The company is a family based removal company.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

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.

 
2.3

Interest income

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

Page 3

 
BROUGHTON REMOVALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Borrowing costs

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

 
2.6

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.

 
2.7

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.

 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 4

 
BROUGHTON REMOVALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
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:

Plant & machinery
-
15%
Motor vehicles
-
10%
Office equipment
-
10%

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

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.

 
2.11

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.

 
2.12

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.

Page 5

 
BROUGHTON REMOVALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2021 - 30).

Page 6

 
BROUGHTON REMOVALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2021
609,309
950,671
68,912
1,628,892


Additions
39,000
74,104
-
113,104


Disposals
(308,305)
(491,253)
(49,861)
(849,419)



At 31 March 2022

340,004
533,522
19,051
892,577



Depreciation


At 1 April 2021
432,479
776,070
48,922
1,257,471


Charge for the year on owned assets
32,368
24,870
1,999
59,237


Disposals
(261,858)
(476,097)
(43,213)
(781,168)



At 31 March 2022

202,989
324,843
7,708
535,540



Net book value



At 31 March 2022
137,015
208,679
11,343
357,037



At 31 March 2021
176,830
174,601
19,990
371,421


5.


Debtors

2022
2021
£
£

Due after more than one year

Director's loans
134,685
122,565

134,685
122,565


2022
2021
£
£

Due within one year

Other debtors
-
1,195

Tax recoverable
37,036
35,799

37,036
36,994

Page 7

 
BROUGHTON REMOVALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.Debtors (continued)



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
501,098
350,409

501,098
350,409



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
53,260
51,871

Trade creditors
84,939
-

Corporation tax
35,346
41,422

Other taxation and social security
57,695
69,717

Other creditors
1,237
-

232,477
163,010



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
205,139
286,397

Other loans
39,788
-

Other creditors
-
24

244,927
286,421


Page 8

 
BROUGHTON REMOVALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
53,260
51,871


53,260
51,871

Amounts falling due 1-2 years

Bank loans
53,260
53,609


53,260
53,609

Amounts falling due 2-5 years

Bank loans
151,879
158,338


151,879
158,338

Amounts falling due after more than 5 years

Bank loans
-
74,450

Other loans
39,786
-

39,786
74,450

298,185
338,268



10.


Financial instruments

2022
2021
£
£

Financial assets


Financial assets measured at fair value through profit or loss
501,098
501,098




11.


Deferred taxation

Page 9

 
BROUGHTON REMOVALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
 
11.Deferred taxation (continued)




2022


£






At beginning of year
(65,075)


Charged to profit or loss
1,632



At end of year
(63,443)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(63,443)
(65,075)

(63,443)
(65,075)


12.


Pension commitments

 
Page 10