Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312214true2022-04-01falseNo description of principal activity1717false 10655373 2022-04-01 2023-03-31 10655373 2021-04-01 2022-03-31 10655373 2023-03-31 10655373 2022-03-31 10655373 c:Director3 2022-04-01 2023-03-31 10655373 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 10655373 d:Buildings d:LongLeaseholdAssets 2023-03-31 10655373 d:Buildings d:LongLeaseholdAssets 2022-03-31 10655373 d:PlantMachinery 2022-04-01 2023-03-31 10655373 d:PlantMachinery 2023-03-31 10655373 d:PlantMachinery 2022-03-31 10655373 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10655373 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 10655373 d:MotorVehicles 2022-04-01 2023-03-31 10655373 d:MotorVehicles 2023-03-31 10655373 d:MotorVehicles 2022-03-31 10655373 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10655373 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 10655373 d:OfficeEquipment 2022-04-01 2023-03-31 10655373 d:OfficeEquipment 2023-03-31 10655373 d:OfficeEquipment 2022-03-31 10655373 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10655373 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 10655373 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10655373 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 10655373 d:CurrentFinancialInstruments 2023-03-31 10655373 d:CurrentFinancialInstruments 2022-03-31 10655373 d:Non-currentFinancialInstruments 2023-03-31 10655373 d:Non-currentFinancialInstruments 2022-03-31 10655373 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10655373 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10655373 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10655373 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 10655373 d:ShareCapital 2023-03-31 10655373 d:ShareCapital 2022-03-31 10655373 d:RetainedEarningsAccumulatedLosses 2023-03-31 10655373 d:RetainedEarningsAccumulatedLosses 2022-03-31 10655373 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10655373 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 10655373 d:RetirementBenefitObligationsDeferredTax 2023-03-31 10655373 d:RetirementBenefitObligationsDeferredTax 2022-03-31 10655373 c:FRS102 2022-04-01 2023-03-31 10655373 c:Audited 2022-04-01 2023-03-31 10655373 c:FullAccounts 2022-04-01 2023-03-31 10655373 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10655373 d:WithinOneYear 2023-03-31 10655373 d:WithinOneYear 2022-03-31 10655373 d:BetweenOneFiveYears 2023-03-31 10655373 d:BetweenOneFiveYears 2022-03-31 10655373 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 10655373 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 10655373 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 10655373 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 10655373 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10655373 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 10655373 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 10655373 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 10655373 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 10655373 d:LeasedAssetsHeldAsLessee 2023-03-31 10655373 d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure

10655373







ANDARA LTD

DIRECTORS' REPORT AND AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2023































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ANDARA LTD
REGISTERED NUMBER:10655373

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
533,275
503,725

Current assets
  

Stocks
 6 
65,647
59,975

Debtors: amounts falling due within one year
 7 
248,827
362,831

Bank and cash balances
  
311,408
292,358

  
625,882
715,164

Creditors: amounts falling due within one year
 8 
(408,428)
(447,003)

Net current assets
  
 
 
217,454
 
 
268,161

Total assets less current liabilities
  
750,729
771,886

Creditors: amounts falling due after more than one year
 9 
(281,682)
(392,157)

Provisions for liabilities
  

Deferred tax
 11 
(98,109)
(112,206)

  
 
 
(98,109)
 
 
(112,206)

Net assets
  
370,938
267,523


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
370,638
267,223

  
370,938
267,523


Page 1

ANDARA LTD
REGISTERED NUMBER:10655373
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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: 




P. McMahon
Director

Date: 3 October 2023

The notes on pages 3 to 11 form part of these financial statements.

Page 2

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Andara Ltd (the Company) is a private company, limited by shares, registered in England and Wales.
The Company's registered number is 10655373 and its registered office and principal place of business is Unit 6a Lagoon Road, Orpington, Kent, England, BR5 3QX.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
Monetary amounts in these financial statements are stated in pounds sterling and are rounded to  the nearest whole £1, except where otherwise indicated.

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.

Hire sales

Revenue from short term contract hire is recognised in the period in which it relates. 

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of income and retained earnings on a straight line basis over the lease term.

Page 3

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings 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

Finance costs

Finance costs are charged to the Statement of income and retained earnings 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.

 
2.6

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 the Statement of income and retained earnings 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 the Statement of income and retained earnings 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

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

 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, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
25%
On Cost
Plant and machinery
-
25%
On Cost
Motor vehicles
-
25%
On Cost
Office equipment
-
25%
On Cost

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 the Statement of income and retained earnings.

 
2.9

 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 the Statement of income and retained earnings.

 
2.10

 Debtors

Short-term debtors are measured at transaction price, 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. 

 
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

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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 the Statement of income and retained earnings 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

The Company only enters into basic financial instrument 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 and loans to related parties.

 
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 17 (2022 - 17).


4.


Directors' remuneration

2023
2022
£
£

Directors' emoluments
234,287
247,044

Company contributions to defined contribution pension schemes
6,871
6,636

241,158
253,680


During the year retirement benefits were accruing to 2 directors (2022 - 2) in respect of defined contribution pension schemes.

Page 6

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Leasehold Improvements
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
8,856
1,044,378
169,778
10,038
1,233,050


Additions
-
194,322
71,871
6,306
272,499


Disposals
-
(56,440)
-
-
(56,440)



At 31 March 2023

8,856
1,182,260
241,649
16,344
1,449,109



Depreciation


At 1 April 2022
4,613
675,416
43,599
5,697
729,325


Charge for the year on owned assets
2,214
136,968
3,372
2,074
144,628


Charge for the year on financed assets
-
34,766
44,190
-
78,956


Disposals
-
(37,075)
-
-
(37,075)



At 31 March 2023

6,827
810,075
91,161
7,771
915,834



Net book value



At 31 March 2023
2,029
372,185
150,488
8,573
533,275



At 31 March 2022
4,243
368,962
126,179
4,341
503,725

Page 7

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

           5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
124,264
91,614

Motor vehicles
143,744
116,063

268,008
207,677


6.


Stocks

2023
2022
£
£

Goods for resale
65,647
59,975



7.


Debtors

2023
2022
£
£


Trade debtors
188,806
178,539

Amounts owed by companies under common control
42,422
146,254

Prepayments and accrued income
17,599
38,038

248,827
362,831


Page 8

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Obligations under finance lease and hire purchase contracts
78,641
60,254

Trade creditors
86,590
107,835

Corporation tax
3,101
6,306

Amounts owed to companies under common control
104,433
146,964

Other taxation and social security
53,019
49,281

Other creditors
3,641
2,584

Accruals and deferred income
79,003
73,779

408,428
447,003


Secured loan
Included within the balance of amounts owed to companies under common control £88,076 (2022: £129,257) is an intercompany loan secured over the assets of the Company.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
197,768
160,707

Amounts owed to companies under common control
83,914
231,450

281,682
392,157


Secured loan
Included within the balance of amounts owed to companies under common control £83,914 (2022: £231,450) is an intercompany loan secured over the assets of the Company.
Guarantee
On 23 September 2020, a guarantee was put in place with the Bank of Scotland PLC with related companies Bryen & Langley (Holdings) Limited and Andara Limited. Each Company has a fixed charge over any overdraft held within Bryen & Langley Limited, with an overdraft limit of £350,000. At 31 March 2023 there was no overdraft held within Andara Limited and the Company had positive bank balances totalling £311,408 (2022: £292,358). Loans are secured by a debenture over all the assets of the Company and a legal charge over its assets with interest payable at LIBOR+3.5%.  Note, this year the charge was extended to all connected companies.

Page 9

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
78,641
60,254

Between 1-5 years
197,768
160,707

276,409
220,961

The above liabilities are secured over the assets to which they relate. At the balance sheet date, the  total net book value of fixed assets held under finance leases or hire purchase contracts amounted to £268,008 (2022: £207,677).


11.


Deferred taxation




2023


£






At beginning of year
(112,206)


Charged to profit or loss
14,097



At end of year
(98,109)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(98,801)
(112,851)

Pension surplus
692
645

(98,109)
(112,206)


12.


Capital commitments


At 31 March 2023 the Company had capital commitments as follows:

2023
2022
£
£


Contracted for but not provided in these financial statements
99,405
88,210

Page 10

ANDARA LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

13.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
85,000
87,437

Later than 1 year and not later than 5 years
170,000
-

255,000
87,437


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 5 October 2023 by Jeff Fletcher BA (Hons) FCCA (Senior statutory auditor) on behalf of Creaseys Group Limited.

 
Page 11