Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31truefalse222022-09-01falseNo description of principal activity27trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05807389 2022-09-01 2023-08-31 05807389 2021-09-01 2022-08-31 05807389 2023-08-31 05807389 2022-08-31 05807389 2021-09-01 05807389 c:Director3 2022-09-01 2023-08-31 05807389 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 05807389 d:Buildings d:LongLeaseholdAssets 2023-08-31 05807389 d:Buildings d:LongLeaseholdAssets 2022-08-31 05807389 d:PlantMachinery 2022-09-01 2023-08-31 05807389 d:PlantMachinery 2023-08-31 05807389 d:PlantMachinery 2022-08-31 05807389 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05807389 d:MotorVehicles 2022-09-01 2023-08-31 05807389 d:MotorVehicles 2023-08-31 05807389 d:MotorVehicles 2022-08-31 05807389 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05807389 d:FurnitureFittings 2022-09-01 2023-08-31 05807389 d:FurnitureFittings 2023-08-31 05807389 d:FurnitureFittings 2022-08-31 05807389 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05807389 d:ComputerEquipment 2022-09-01 2023-08-31 05807389 d:ComputerEquipment 2023-08-31 05807389 d:ComputerEquipment 2022-08-31 05807389 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05807389 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 05807389 d:CurrentFinancialInstruments 2023-08-31 05807389 d:CurrentFinancialInstruments 2022-08-31 05807389 d:Non-currentFinancialInstruments 2023-08-31 05807389 d:Non-currentFinancialInstruments 2022-08-31 05807389 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 05807389 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 05807389 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 05807389 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 05807389 d:ShareCapital 2023-08-31 05807389 d:ShareCapital 2022-08-31 05807389 d:ShareCapital 2021-09-01 05807389 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 05807389 d:RetainedEarningsAccumulatedLosses 2023-08-31 05807389 d:RetainedEarningsAccumulatedLosses 2021-09-01 2022-08-31 05807389 d:RetainedEarningsAccumulatedLosses 2022-08-31 05807389 d:RetainedEarningsAccumulatedLosses 2021-09-01 05807389 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 05807389 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 05807389 d:TaxLossesCarry-forwardsDeferredTax 2023-08-31 05807389 d:TaxLossesCarry-forwardsDeferredTax 2022-08-31 05807389 c:OrdinaryShareClass1 2022-09-01 2023-08-31 05807389 c:OrdinaryShareClass1 2023-08-31 05807389 c:OrdinaryShareClass1 2022-08-31 05807389 c:FRS102 2022-09-01 2023-08-31 05807389 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 05807389 c:FullAccounts 2022-09-01 2023-08-31 05807389 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05807389 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05807389










SEE BRILLIANCE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
SEE BRILLIANCE LIMITED
REGISTERED NUMBER: 05807389

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
165,510
147,560

  
165,510
147,560

Current assets
  

Stocks
 5 
54,010
47,590

Debtors: amounts falling due within one year
 6 
387,459
359,255

Cash at bank and in hand
 7 
364,344
303,976

  
805,813
710,821

Creditors: amounts falling due within one year
 8 
(420,248)
(204,891)

Net current assets
  
 
 
385,565
 
 
505,930

Total assets less current liabilities
  
551,075
653,490

Creditors: amounts falling due after more than one year
 9 
(41,268)
-

Provisions for liabilities
  

Deferred tax
 10 
(40,891)
(29,716)

  
 
 
(40,891)
 
 
(29,716)

Net assets
  
468,916
623,774


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
468,914
623,772

  
468,916
623,774


Page 1

 
SEE BRILLIANCE LIMITED
REGISTERED NUMBER: 05807389

BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

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 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 by: 




Mr N C Down
Director
Date: 4 April 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
SEE BRILLIANCE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 September 2021
2
685,438
685,440



Profit for the year
-
178,334
178,334

Dividends: Equity capital
-
(240,000)
(240,000)



At 1 September 2022
2
623,772
623,774



Profit for the year
-
335,853
335,853

Dividends: Equity capital
-
(490,711)
(490,711)


At 31 August 2023
2
468,914
468,916


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
SEE BRILLIANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

See Brilliance Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Page 4

 
SEE BRILLIANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

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

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.

 
2.6

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 basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the length of the lease
Plant and machinery
-
25%
Reducing balance method
Motor vehicles
-
25%
Reducing balance method
Fixtures and fittings
-
15%
Reducing balance method
Computer equipment
-
25%
Reducing balance method

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.

Page 5

 
SEE BRILLIANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
SEE BRILLIANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.13

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 27 (2022 - 22).

Page 7

 
SEE BRILLIANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 September 2022
39,982
125,540
235,747
59,242
36,217
496,728


Additions
-
4,597
74,985
2,123
10,980
92,685


Disposals
-
-
(104,210)
-
-
(104,210)



At 31 August 2023

39,982
130,137
206,522
61,365
47,197
485,203



Depreciation


At 1 September 2022
27,947
98,063
159,929
37,071
26,158
349,168


Charge for the year on owned assets
3,999
7,814
20,889
3,367
3,812
39,881


Disposals
-
-
(69,356)
-
-
(69,356)



At 31 August 2023

31,946
105,877
111,462
40,438
29,970
319,693



Net book value



At 31 August 2023
8,036
24,260
95,060
20,927
17,227
165,510



At 31 August 2022
12,035
27,477
75,818
22,171
10,059
147,560


5.


Stocks

2023
2022
£
£

Stocks
54,010
47,590



6.


Debtors

2023
2022
£
£


Trade debtors
317,314
307,666

Other debtors
14,113
-

Prepayments and accrued income
56,032
51,589

387,459
359,255


Page 8

 
SEE BRILLIANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
364,344
303,976



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
57,724
63,660

Other loans
-
582

Corporation tax
80,420
40,954

Other taxation and social security
37,618
39,276

Obligations under finance lease and hire purchase contracts
10,317
-

Other creditors
54,669
56,404

Accruals and deferred income
179,500
4,015

420,248
204,891



9.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
41,268
-

41,268
-


Page 9

 
SEE BRILLIANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

10.


Deferred taxation




2023


£






At beginning of year
(29,716)


Utilised in year
(11,175)



At end of year
(40,891)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
(40,891)
(29,995)

Short term timing differences
-
279

(40,891)
(29,716)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



12.


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 £75,916 (2022 - £56,528). Contributions were payable to the fund at the balance sheet date of £81 (2022 - £2,687).


13.


Controlling party

The Company is owned by the See Brilliance Holdings Limited.

Page 10