Caseware UK (AP4) 2022.0.179 2022.0.179 2022-07-312022-07-31true2021-08-01falseNo description of principal activity56trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01974649 2021-08-01 2022-07-31 01974649 2020-08-01 2021-07-31 01974649 2022-07-31 01974649 2021-07-31 01974649 c:Director3 2021-08-01 2022-07-31 01974649 d:Buildings 2021-08-01 2022-07-31 01974649 d:Buildings 2022-07-31 01974649 d:Buildings 2021-07-31 01974649 d:Buildings d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01974649 d:PlantMachinery 2021-08-01 2022-07-31 01974649 d:PlantMachinery 2022-07-31 01974649 d:PlantMachinery 2021-07-31 01974649 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01974649 d:FurnitureFittings 2021-08-01 2022-07-31 01974649 d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 01974649 d:CurrentFinancialInstruments 2022-07-31 01974649 d:CurrentFinancialInstruments 2021-07-31 01974649 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 01974649 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 01974649 d:ShareCapital 2022-07-31 01974649 d:ShareCapital 2021-07-31 01974649 d:RetainedEarningsAccumulatedLosses 2022-07-31 01974649 d:RetainedEarningsAccumulatedLosses 2021-07-31 01974649 c:FRS102 2021-08-01 2022-07-31 01974649 c:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 01974649 c:FullAccounts 2021-08-01 2022-07-31 01974649 c:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 01974649









L.J. BUTLER & SON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2022

 
L.J. BUTLER & SON LIMITED
REGISTERED NUMBER: 01974649

BALANCE SHEET
AS AT 31 JULY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
79,959
84,589

  
79,959
84,589

Current assets
  

Stocks
 5 
3,575
3,575

Debtors: amounts falling due within one year
 6 
15,086
26,985

Cash at bank and in hand
 7 
100,002
42,674

  
118,663
73,234

Creditors: amounts falling due within one year
 8 
(300,909)
(280,432)

Net current liabilities
  
 
 
(182,246)
 
 
(207,198)

Total assets less current liabilities
  
(102,287)
(122,609)

  

Net liabilities
  
(102,287)
(122,609)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(102,387)
(122,709)

  
(102,287)
(122,609)


Page 1

 
L.J. BUTLER & SON LIMITED
REGISTERED NUMBER: 01974649
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2022

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: 




................................................
A Saville
Director

Date: 26 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
L.J. BUTLER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1.


General information

L J Butler and Son Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 01974649.

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

Going concern

Whilst the company is in a net liabilities position, it retains the support of its shareholders and as such the directors consider it appropriate to prepare the accounts on a going concern basis.

 
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:

 
2.4

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.

 
2.5

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

 
L.J. BUTLER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Freehold property
-
Straight line over 50 years
Plant & machinery
-
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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 5 (2021 - 6).

Page 4

 
L.J. BUTLER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

4.


Tangible fixed assets





Freehold property
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 August 2021
169,650
115,638
285,288


Disposals
-
(28,362)
(28,362)



At 31 July 2022

169,650
87,276
256,926



Depreciation


At 1 August 2021
91,827
108,873
200,700


Charge for the year on owned assets
3,323
1,306
4,629


Disposals
-
(28,362)
(28,362)



At 31 July 2022

95,150
81,817
176,967



Net book value



At 31 July 2022
74,500
5,459
79,959



At 31 July 2021
77,823
6,766
84,589


5.


Stocks

2022
2021
£
£

Finished goods and goods for resale
3,575
3,575

3,575
3,575


Page 5

 
L.J. BUTLER & SON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

6.


Debtors

2022
2021
£
£


Trade debtors
-
6,988

Other debtors
5,278
10,189

Prepayments and accrued income
9,808
9,808

15,086
26,985



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
100,002
42,674

100,002
42,674



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other taxation and social security
4,320
-

Other creditors
289,389
273,232

Accruals and deferred income
7,200
7,200

300,909
280,432



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £10,889 (2021: £4,998).


10.


Related party transactions

Included in other creditors is an interest free loan of £286,753 (2021: £270,253) owed to G Saville and Son Limited, a company with common directors. The loan is repayable by mutual consent.

 
Page 6