Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01falseNo description of principal activity4645truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01337646 2022-07-01 2023-06-30 01337646 2021-07-01 2022-06-30 01337646 2023-06-30 01337646 2022-06-30 01337646 2021-07-01 01337646 c:Director1 2022-07-01 2023-06-30 01337646 d:PlantMachinery 2022-07-01 2023-06-30 01337646 d:PlantMachinery 2023-06-30 01337646 d:PlantMachinery 2022-06-30 01337646 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01337646 d:MotorVehicles 2022-07-01 2023-06-30 01337646 d:MotorVehicles 2023-06-30 01337646 d:MotorVehicles 2022-06-30 01337646 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01337646 d:FurnitureFittings 2022-07-01 2023-06-30 01337646 d:FurnitureFittings 2023-06-30 01337646 d:FurnitureFittings 2022-06-30 01337646 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01337646 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01337646 d:CurrentFinancialInstruments 2023-06-30 01337646 d:CurrentFinancialInstruments 2022-06-30 01337646 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01337646 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 01337646 d:ShareCapital 2023-06-30 01337646 d:ShareCapital 2022-06-30 01337646 d:ShareCapital 2021-07-01 01337646 d:CapitalRedemptionReserve 2023-06-30 01337646 d:CapitalRedemptionReserve 2022-06-30 01337646 d:CapitalRedemptionReserve 2021-07-01 01337646 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 01337646 d:RetainedEarningsAccumulatedLosses 2023-06-30 01337646 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 01337646 d:RetainedEarningsAccumulatedLosses 2022-06-30 01337646 d:RetainedEarningsAccumulatedLosses 2021-07-01 01337646 c:OrdinaryShareClass1 2022-07-01 2023-06-30 01337646 c:OrdinaryShareClass1 2023-06-30 01337646 c:OrdinaryShareClass1 2022-06-30 01337646 c:FRS102 2022-07-01 2023-06-30 01337646 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 01337646 c:FullAccounts 2022-07-01 2023-06-30 01337646 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01337646 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 01337646 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 01337646 4 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01337646














LESSITERS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
LESSITERS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 9


 
LESSITERS LIMITED
REGISTERED NUMBER:01337646

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
726,936
662,569

Current assets
  

Stocks
 5 
297,452
281,740

Debtors: amounts falling due within one year
 6 
1,626,298
1,828,811

Cash at bank and in hand
  
1,763,911
1,658,421

  
3,687,661
3,768,972

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(761,247)
(909,199)

Net current assets
  
 
 
2,926,414
 
 
2,859,773

Total assets less current liabilities
  
3,653,350
3,522,342

Provisions for liabilities
  

Deferred tax
 8 
(168,455)
(150,012)

Net assets
  
3,484,895
3,372,330


Capital and reserves
  

Called up share capital 
 9 
45,000
45,000

Capital redemption reserve
  
5,000
5,000

Profit and loss account
  
3,434,895
3,322,330

  
3,484,895
3,372,330


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.

Page 1

 
LESSITERS LIMITED
REGISTERED NUMBER:01337646
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

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 6 November 2023.



Peter Luder
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
LESSITERS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 July 2021
45,000
5,000
2,795,673
2,845,673



Profit for the year
-
-
620,657
620,657

Dividends: Equity capital
-
-
(94,000)
(94,000)



At 1 July 2022
45,000
5,000
3,322,330
3,372,330



Profit for the year
-
-
252,565
252,565


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(140,000)
(140,000)


At 30 June 2023
45,000
5,000
3,434,895
3,484,895


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
LESSITERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Lessiters Limited is a private limited liability company incorporated in England and Wales with its registered office and principal place of business at 61 London Road, Woolmer Green, Hertfordshire, SG3 6JE.
The principal activity of the company continued to be that of the manufacture and wholesale of fine chocolates.

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

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts.
Turnover is recognised when goods are dispatched.

 
2.3

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 the following bases:

Depreciation is provided on the following basis:

Plant & machinery
-
10% - 25% straight line
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
10% straight line

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 Comprehensive Income.

Page 4

 
LESSITERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
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.

 
2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.6

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.

 
2.7

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, and loans from related parties.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Government grants

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure. 

 
2.10

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 5

 
LESSITERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 

 
2.12

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.13

Pensions

Defined contribution pension plan
The company contributes to 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 Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.14

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 reporting 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 Statement of Financial Position 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.

 
2.15

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 6

 
LESSITERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 46 (2022 - 45).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost


At 1 July 2022
2,781,393
99,719
617,622
3,498,734


Additions
179,689
67,594
29,220
276,503


Disposals
(41,978)
(59,729)
-
(101,707)



At 30 June 2023

2,919,104
107,584
646,842
3,673,530



Depreciation


At 1 July 2022
2,292,504
44,761
498,900
2,836,165


Charge for the year on owned assets
110,806
26,896
38,482
176,184


Disposals
(20,995)
(44,760)
-
(65,755)



At 30 June 2023

2,382,315
26,897
537,382
2,946,594



Net book value



At 30 June 2023
536,789
80,687
109,460
726,936



At 30 June 2022
488,889
54,958
118,722
662,569


5.


Stocks

2023
2022
£
£

Raw materials and consumables
297,452
281,740


Page 7

 
LESSITERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
562,725
667,278

Amounts owed by group undertakings
1,006,293
1,113,065

Other debtors
20,579
21,526

Prepayments
36,701
26,942

1,626,298
1,828,811



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
51,920
158,356

Amounts owed to group undertakings
110,000
110,000

Taxation and social security
261,086
284,149

Other creditors
253,598
282,475

Accruals and deferred income
84,643
74,219

761,247
909,199



8.


Deferred taxation




2023


£






At beginning of year
150,012


Charged to statement of comprehensive income
18,443



At end of year
168,455

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
168,455
150,012

Page 8

 
LESSITERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



45,000 (2022 - 45,000) Ordinary shares of £1 each
45,000
45,000



10.


Related party transactions

The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.


11.


Controlling party

The directors regard Lessiters Holdings Limited as the ultimate parent undertaking. 

 
Page 9