Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04625843 2023-02-01 2024-01-31 04625843 2022-02-01 2023-01-31 04625843 2024-01-31 04625843 2023-01-31 04625843 c:Director2 2023-02-01 2024-01-31 04625843 d:Buildings 2023-02-01 2024-01-31 04625843 d:Buildings 2024-01-31 04625843 d:Buildings 2023-01-31 04625843 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04625843 d:Buildings d:LongLeaseholdAssets 2023-02-01 2024-01-31 04625843 d:Buildings d:LongLeaseholdAssets 2024-01-31 04625843 d:Buildings d:LongLeaseholdAssets 2023-01-31 04625843 d:LandBuildings 2024-01-31 04625843 d:LandBuildings 2023-01-31 04625843 d:MotorVehicles 2023-02-01 2024-01-31 04625843 d:FurnitureFittings 2023-02-01 2024-01-31 04625843 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 04625843 d:OtherPropertyPlantEquipment 2024-01-31 04625843 d:OtherPropertyPlantEquipment 2023-01-31 04625843 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04625843 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04625843 d:CurrentFinancialInstruments 2024-01-31 04625843 d:CurrentFinancialInstruments 2023-01-31 04625843 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04625843 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04625843 d:ShareCapital 2024-01-31 04625843 d:ShareCapital 2023-01-31 04625843 d:RetainedEarningsAccumulatedLosses 2024-01-31 04625843 d:RetainedEarningsAccumulatedLosses 2023-01-31 04625843 c:FRS102 2023-02-01 2024-01-31 04625843 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04625843 c:FullAccounts 2023-02-01 2024-01-31 04625843 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04625843 2 2023-02-01 2024-01-31 04625843 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 04625843










R D AND J M MANN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
R D AND J M MANN LIMITED
REGISTERED NUMBER: 04625843

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
185,293
199,365

  
185,293
199,365

Current assets
  

Debtors: amounts falling due within one year
 5 
9,607
18,023

Cash at bank and in hand
  
464,766
399,929

  
474,373
417,952

Creditors: amounts falling due within one year
 6 
(209,424)
(180,178)

Net current assets
  
 
 
264,949
 
 
237,774

Total assets less current liabilities
  
450,242
437,139

Provisions for liabilities
  

Deferred tax
  
(10,798)
(9,904)

  
 
 
(10,798)
 
 
(9,904)

Net assets
  
439,444
427,235


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
439,344
427,135

  
439,444
427,235


Page 1

 
R D AND J M MANN LIMITED
REGISTERED NUMBER: 04625843
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 income statement 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: 




................................................
Mrs J M Mann
Director

Date: 11 July 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
R D AND J M MANN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

R D and J M Mann Limited is a private limited company limited by shares and incorporated in England and Wales, registration number 04625843. The registered office is Pightle Farm, Reepham Road, Whitwell, Norfolk, NR10 4RH.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements, and in particular the effects on the Company of the wider economy. As part of their assessment, they have taken into consideration a number of possible trading performance, profitability and cash flow scenarios. 
Based on this, the Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements, and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 
R D AND J M MANN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

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.

Land is not depreciated. Depreciation on other assets 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:

Freehold property
-
Land is not depreciated,buildings 4% straight line method
L/Term Leasehold Property
-
15% reducing balance method
Motor vehicles
-
25% reducing balance method
Plant and machinery
-
15% straight line and 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.

 
2.5

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.

 
2.6

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

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.

Page 4

 
R D AND J M MANN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

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

 
2.12

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 5

 
R D AND J M MANN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.13

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 reporting 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 reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
R D AND J M MANN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Freehold property
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 February 2023
503,819
151,096
654,915


Additions
-
9,886
9,886


Disposals
-
(3,024)
(3,024)



At 31 January 2024

503,819
157,958
661,777



Depreciation


At 1 February 2023
341,826
113,724
455,550


Charge for the year on owned assets
17,448
6,184
23,632


Disposals
-
(2,698)
(2,698)



At 31 January 2024

359,274
117,210
476,484



Net book value



At 31 January 2024
144,545
40,748
185,293



At 31 January 2023
161,993
37,372
199,365




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
143,720
161,023

Long leasehold
825
971

144,545
161,994


Included in land and buildings is land at cost of £50,000 (2023 - £50,000) which is not depreciated.

Page 7

 
R D AND J M MANN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
4,140
5,050

Prepayments and accrued income
5,467
4,425

Tax recoverable
-
8,548

9,607
18,023



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
185
780

Corporation tax
26,287
16,939

Other taxation and social security
10,256
9,557

Other creditors
155,582
137,261

Accruals and deferred income
17,114
15,641

209,424
180,178



7.


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 £68,600 (2023 - £27,600). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 8