Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2023-04-01false199168falsetrue 03554991 2023-04-01 2024-03-31 03554991 2022-04-01 2023-03-31 03554991 2024-03-31 03554991 2023-03-31 03554991 c:Director1 2023-04-01 2024-03-31 03554991 c:Director2 2023-04-01 2024-03-31 03554991 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 03554991 d:Buildings d:ShortLeaseholdAssets 2024-03-31 03554991 d:Buildings d:ShortLeaseholdAssets 2023-03-31 03554991 d:PlantMachinery 2023-04-01 2024-03-31 03554991 d:PlantMachinery 2024-03-31 03554991 d:PlantMachinery 2023-03-31 03554991 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03554991 d:MotorVehicles 2023-04-01 2024-03-31 03554991 d:MotorVehicles 2024-03-31 03554991 d:MotorVehicles 2023-03-31 03554991 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03554991 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03554991 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 03554991 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 03554991 d:Goodwill 2023-04-01 2024-03-31 03554991 d:Goodwill 2024-03-31 03554991 d:Goodwill 2023-03-31 03554991 d:CurrentFinancialInstruments 2024-03-31 03554991 d:CurrentFinancialInstruments 2023-03-31 03554991 d:Non-currentFinancialInstruments 2024-03-31 03554991 d:Non-currentFinancialInstruments 2023-03-31 03554991 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03554991 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03554991 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03554991 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03554991 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 03554991 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03554991 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 03554991 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03554991 d:ShareCapital 2024-03-31 03554991 d:ShareCapital 2023-03-31 03554991 d:RetainedEarningsAccumulatedLosses 2024-03-31 03554991 d:RetainedEarningsAccumulatedLosses 2023-03-31 03554991 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03554991 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03554991 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03554991 c:OrdinaryShareClass1 2024-03-31 03554991 c:OrdinaryShareClass1 2023-03-31 03554991 c:FRS102 2023-04-01 2024-03-31 03554991 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03554991 c:FullAccounts 2023-04-01 2024-03-31 03554991 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03554991 d:WithinOneYear 2024-03-31 03554991 d:WithinOneYear 2023-03-31 03554991 d:BetweenOneFiveYears 2024-03-31 03554991 d:BetweenOneFiveYears 2023-03-31 03554991 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 03554991 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 03554991 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 03554991 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 03554991 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-31 03554991 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 03554991 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 03554991 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-04-01 2024-03-31 03554991 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03554991
















DEELAND LIMITED
T/A SERVICEMASTER 




UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
DEELAND LIMITED
REGISTERED NUMBER: 03554991

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
124,967
141,164

Tangible assets
 5 
308,610
397,794

  
433,577
538,958

Current assets
  

Stocks
  
53,264
54,279

Debtors: amounts falling due within one year
 6 
1,578,670
1,384,141

Cash at bank and in hand
 7 
490,174
444,888

  
2,122,108
1,883,308

Current liability
  

Creditors: amounts falling due within one year
 8 
(1,253,103)
(1,106,713)

Net current assets
  
 
 
869,005
 
 
776,595

Total assets less current liabilities
  
1,302,582
1,315,553

Creditors: amounts falling due after more than one year
 9 
(134,529)
(234,620)

Provisions for liabilities
  

Deferred tax
  
(72,876)
(99,449)

Net assets
  
1,095,177
981,484


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
1,095,077
981,384

  
1,095,177
981,484


Page 1

 
DEELAND LIMITED
REGISTERED NUMBER: 03554991

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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: 




A B J Gottemaker
J A Paisley
Director
Director


Date: 8 August 2024
Date:8 August 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
DEELAND LIMITED
 

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

1.


General information

Deeland Limited is a private Company, limited by shares, registered in England and Wales. The Company's registered office is 101 Mill Lane, Newbury, Berkshire, RG14 5RE.

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

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated financial statements.

 
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:

Turnover represents net invoiced sales of goods and services, excluding value added tax.
Services are commercial and domestic cleaning works done in the year and goods are cleaning products that are used in the services, as well as being sold separately.
Domestic work is invoiced when work is completed, and are typically short term therefore there is minimal work in progress at anytime.
Commercial contracts are longer term, and these are generally invoiced monthly in arrears, and so there is minimal work in progress at the end of each month.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

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.

Page 3

 
DEELAND LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
DEELAND LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their useful economic life of twenty years in alignment with the treatment of goodwill.

 
2.10

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, using the straight-line method.

Depreciation is provided on the following basis:

Land and building
-
at varying rates on cost
Plant and machinery etc
-
25% on cost
Motor vehicles
-
25% on cost

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.

 
2.11

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.

Page 5

 
DEELAND LIMITED
 

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

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

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.

 
2.16

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. 

  
2.17

Employee ownership trust

Contributions to the Employee Ownership Trust are presented as a deduction from shareholders' funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 199 (2023 - 168).

Page 6

 
DEELAND LIMITED
 

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

4.


Intangible assets




Goodwill
Other intangible assets
Total

£
£
£



Cost


At 1 April 2023
178,355
263,100
441,455



At 31 March 2024

178,355
263,100
441,455



Amortisation


At 1 April 2023
127,549
172,742
300,291


Charge for the year on owned assets
8,118
8,079
16,197



At 31 March 2024

135,667
180,821
316,488



Net book value



At 31 March 2024
42,688
82,279
124,967



At 31 March 2023
50,806
90,358
141,164



Page 7

 
DEELAND LIMITED
 

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

5.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 April 2023
148,721
725,086
1,064,422
1,938,229


Additions
-
47,932
18,200
66,132


Disposals
-
(3,488)
(5,000)
(8,488)



At 31 March 2024

148,721
769,530
1,077,622
1,995,873



Depreciation


At 1 April 2023
136,858
570,095
833,482
1,540,435


Charge for the year on owned assets
3,985
65,273
86,058
155,316


Disposals
-
(3,488)
(5,000)
(8,488)



At 31 March 2024

140,843
631,880
914,540
1,687,263



Net book value



At 31 March 2024
7,878
137,650
163,082
308,610



At 31 March 2023
11,863
154,991
230,940
397,794

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
138,418
214,256


6.


Debtors

2024
2023
£
£


Trade debtors
1,413,362
1,192,786

Amounts owed by group undertakings
132
-

Other debtors
69,105
109,475

Prepayments and accrued income
96,071
81,880

1,578,670
1,384,141


Page 8

 
DEELAND LIMITED
 

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

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
490,174
444,888



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,000
50,000

Trade creditors
334,081
452,255

Amounts owed to group undertakings
-
9,783

Corporation tax
115,342
45,352

Other taxation and social security
372,702
324,956

Obligations under finance lease and hire purchase contracts
60,427
71,013

Other creditors
179,605
30,510

Accruals and deferred income
140,946
122,844

1,253,103
1,106,713



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
69,891
115,727

Net obligations under finance leases and hire purchase contracts
64,638
118,893

134,529
234,620


The bank loan is secured via a fixed and floating charge over the assets of the Company.
Hire purchase liabilities are secured against the assets to which they relate.  

Page 9

 
DEELAND LIMITED
 

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Amounts falling due within one year
50,000
50,000

Amounts falling due 1-2 years
50,000
50,000

Amounts falling due 2-5 years
19,891
65,727

119,891
165,727



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
60,427
71,013

Between 1-5 years
64,636
118,893

125,063
189,906


12.


Deferred taxation




2024


£






At beginning of year
(99,449)


Charged to profit or loss
26,573



At end of year
(72,876)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(72,876)
(99,449)

Page 10

 
DEELAND LIMITED
 

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

13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



14.


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 £62,050 (2023: £52,473). Contributions totalling £17,315 (2023: £14,698) were payable to the fund at the balance sheet date.


15.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
124,072
123,179

Later than 1 year and not later than 5 years
16,729
132,332

140,801
255,511


16.


Controlling party

The Company is controlled by Deeland Trustees Limited by virtue of its shareholding. The shares as held in trust on behalf of Deeland Ltd Employee Ownership Trust (EOT). Contributions paid to the EOT during the year were £140,000 (2023: £100,000). At the year end £132 was due to the Company (2022: £9,283 due from the Company).

Page 11