Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3114No description of principal activity2023-04-01false14truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00510610 2023-04-01 2024-03-31 00510610 2024-03-31 00510610 2022-04-01 2023-03-31 00510610 2023-03-31 00510610 2022-04-01 00510610 5 2023-04-01 2024-03-31 00510610 5 2022-04-01 2023-03-31 00510610 d:CompanySecretary1 2023-04-01 2024-03-31 00510610 d:Director1 2023-04-01 2024-03-31 00510610 d:RegisteredOffice 2023-04-01 2024-03-31 00510610 e:Buildings 2023-04-01 2024-03-31 00510610 e:Buildings 2024-03-31 00510610 e:Buildings 2023-03-31 00510610 e:Buildings e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00510610 e:PlantMachinery 2023-04-01 2024-03-31 00510610 e:PlantMachinery 2024-03-31 00510610 e:PlantMachinery 2023-03-31 00510610 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00510610 e:MotorVehicles 2023-04-01 2024-03-31 00510610 e:MotorVehicles 2024-03-31 00510610 e:MotorVehicles 2023-03-31 00510610 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00510610 e:ComputerEquipment 2023-04-01 2024-03-31 00510610 e:ComputerEquipment 2024-03-31 00510610 e:ComputerEquipment 2023-03-31 00510610 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00510610 e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00510610 e:CurrentFinancialInstruments 2024-03-31 00510610 e:CurrentFinancialInstruments 2023-03-31 00510610 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 00510610 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 00510610 e:ShareCapital 2023-04-01 2024-03-31 00510610 e:ShareCapital 2024-03-31 00510610 e:ShareCapital 2022-04-01 2023-03-31 00510610 e:ShareCapital 2023-03-31 00510610 e:ShareCapital 2022-04-01 00510610 e:CapitalRedemptionReserve 2023-04-01 2024-03-31 00510610 e:CapitalRedemptionReserve 2024-03-31 00510610 e:CapitalRedemptionReserve 2022-04-01 2023-03-31 00510610 e:CapitalRedemptionReserve 2023-03-31 00510610 e:CapitalRedemptionReserve 2022-04-01 00510610 e:RevaluationReserve 2023-04-01 2024-03-31 00510610 e:RevaluationReserve 2024-03-31 00510610 e:RevaluationReserve 5 2023-04-01 2024-03-31 00510610 e:RevaluationReserve 2022-04-01 2023-03-31 00510610 e:RevaluationReserve 2023-03-31 00510610 e:RevaluationReserve 2022-04-01 00510610 e:RevaluationReserve 5 2022-04-01 2023-03-31 00510610 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00510610 e:RetainedEarningsAccumulatedLosses 2024-03-31 00510610 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00510610 e:RetainedEarningsAccumulatedLosses 2023-03-31 00510610 e:RetainedEarningsAccumulatedLosses 2022-04-01 00510610 d:FRS102 2023-04-01 2024-03-31 00510610 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00510610 d:FullAccounts 2023-04-01 2024-03-31 00510610 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00510610 2 2023-04-01 2024-03-31 00510610 5 2023-04-01 2024-03-31 00510610 6 2023-04-01 2024-03-31 00510610 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 00510610







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED






































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BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 


 
COMPANY INFORMATION


Director
J J R Bolton 




Company secretary
J J R Bolton



Registered number
00510610



Registered office
Bolton House, Penn Street
Scotswood Industrial Estate

Newcastle Upon Tyne

NE4 7BG




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3 - 4
Notes to the financial statements
5 - 11


 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
REGISTERED NUMBER:00510610



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
300,718
326,158

  
300,718
326,158

Current assets
  

Stocks
  
15,000
18,000

Debtors: amounts falling due within one year
 6 
168,501
185,732

Cash at bank and in hand
  
80,217
185,425

  
263,718
389,157

Creditors: amounts falling due within one year
 7 
(122,652)
(148,071)

Net current assets
  
 
 
141,066
 
 
241,086

Total assets less current liabilities
  
441,784
567,244

Provisions for liabilities
  

Deferred tax
  
-
(8,709)

  
 
 
-
 
 
(8,709)

Net assets
  
441,784
558,535

Page 1

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
REGISTERED NUMBER:00510610


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
10,250
10,250

Revaluation reserve
  
242,916
250,482

Capital redemption reserve
  
4,750
4,750

Profit and loss account
  
183,868
293,053

  
441,784
558,535


The director considers 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 director acknowledges his 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: 




................................................
J J R Bolton
Director

Date: 7 August 2024

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


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

£
£
£
£
£

At 1 April 2023
10,250
4,750
250,482
293,053
558,535


Comprehensive income for the year

Loss for the year

-
-
-
(116,751)
(116,751)

Reclassification from revaluation reserve to profit and loss account
-
-
(7,566)
7,566
-


Other comprehensive income for the year
-
-
(7,566)
7,566
-


Total comprehensive income for the year
-
-
(7,566)
(109,185)
(116,751)


Total transactions with owners
-
-
-
-
-


At 31 March 2024
10,250
4,750
242,916
183,868
441,784


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 



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


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

£
£
£
£
£

At 1 April 2022
10,250
4,750
257,292
339,125
611,417


Comprehensive income for the year

Loss for the year

-
-
-
(52,882)
(52,882)

Reclassification from revaluation reserve to profit and loss account
-
-
(6,810)
6,810
-


Other comprehensive income for the year
-
-
(6,810)
6,810
-


Total comprehensive income for the year
-
-
(6,810)
(46,072)
(52,882)


Total transactions with owners
-
-
-
-
-


At 31 March 2023
10,250
4,750
250,482
293,053
558,535


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Bolton Bros. (Surgical Shoe Makers) Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the registered office and the principal place of business is disclosed on the company information page.
The company's functional and presentational currency is GBP.

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 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.

 
2.3

Interest income

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

 
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.

Page 5

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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 6

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation 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
-
3%
Straight line
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Computer equipment
-
33%
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.

 
2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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 reporting 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.

Page 7

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 14).

Page 8

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
300,000
214,408
62,161
1,015
577,584



At 31 March 2024

300,000
214,408
62,161
1,015
577,584



Depreciation


At 1 April 2023
39,375
191,697
20,047
307
251,426


Charge for the year on owned assets
9,000
5,678
10,528
234
25,440



At 31 March 2024

48,375
197,375
30,575
541
276,866



Net book value



At 31 March 2024
251,625
17,033
31,586
474
300,718



At 31 March 2023
260,625
22,711
42,114
708
326,158

The freehold property has been valued by the Director at a fair value of £300,000. 

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Aggregate cost
47,787
47,787

Aggregate depreciation
(36,965)
(35,888)

Net book value
10,822
11,899

Page 9

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
6,050



At 31 March 2024

6,050



Impairment


At 1 April 2023
6,050



At 31 March 2024

6,050



Net book value



At 31 March 2024
-



At 31 March 2023
-


6.


Debtors

2024
2023
£
£


Trade debtors
14,431
54,951

Amounts owed by group undertakings
142,552
130,259

Other debtors
3,624
-

Prepayments and accrued income
2,618
522

Deferred taxation
5,276
-

168,501
185,732


Page 10

 


BOLTON BROS. (SURGICAL SHOE MAKERS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
28,395
45,931

Other taxation and social security
23,779
20,264

Other creditors
3,074
8,062

Accruals and deferred income
67,404
73,814

122,652
148,071



8.


Transactions with directors

During the year the following transactions with a director took place:


Brought Forward
Advance/ Credit
Repaid
Carried Forward
£
£
£
£

Director loan
-
3,624
-
3,624
-
3,624
-
3,624

No interest was charged on this loan during the year.

 
Page 11