Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01truefalse23No description of principal activity25trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI045364 2023-04-01 2024-03-31 NI045364 2022-04-01 2023-03-31 NI045364 2024-03-31 NI045364 2023-03-31 NI045364 c:Director1 2023-04-01 2024-03-31 NI045364 d:Buildings 2023-04-01 2024-03-31 NI045364 d:Buildings 2024-03-31 NI045364 d:Buildings 2023-03-31 NI045364 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI045364 d:PlantMachinery 2023-04-01 2024-03-31 NI045364 d:PlantMachinery 2024-03-31 NI045364 d:PlantMachinery 2023-03-31 NI045364 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI045364 d:MotorVehicles 2023-04-01 2024-03-31 NI045364 d:MotorVehicles 2024-03-31 NI045364 d:MotorVehicles 2023-03-31 NI045364 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI045364 d:OfficeEquipment 2023-04-01 2024-03-31 NI045364 d:OfficeEquipment 2024-03-31 NI045364 d:OfficeEquipment 2023-03-31 NI045364 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI045364 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 NI045364 d:Non-currentFinancialInstruments 2024-03-31 NI045364 d:Non-currentFinancialInstruments 2023-03-31 NI045364 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 NI045364 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 NI045364 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 NI045364 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 NI045364 d:ShareCapital 2024-03-31 NI045364 d:ShareCapital 2023-03-31 NI045364 d:RetainedEarningsAccumulatedLosses 2024-03-31 NI045364 d:RetainedEarningsAccumulatedLosses 2023-03-31 NI045364 c:FRS102 2023-04-01 2024-03-31 NI045364 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI045364 c:FullAccounts 2023-04-01 2024-03-31 NI045364 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI045364 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 NI045364 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 NI045364 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 NI045364 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 NI045364 2 2023-04-01 2024-03-31 NI045364 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 NI045364 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 NI045364 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: NI045364










E A BLYTHE & COMPANY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
E A BLYTHE & COMPANY LTD
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF E A BLYTHE & COMPANY LTD
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of E A Blythe & Company Ltd for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of E A Blythe & Company Ltd, as a body, in accordance with the terms of our engagement letter dated 1 June 2018Our work has been undertaken solely to prepare for your approval the financial statements of E A Blythe & Company Ltd and state those matters that we have agreed to state to the Board of directors of E A Blythe & Company Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E A Blythe & Company Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that E A Blythe & Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E A Blythe & Company Ltd. You consider that E A Blythe & Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of E A Blythe & Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



H Young Accountants Limited
41 Gregstown Park
Newtownards
Co Down
BT23 8GW
13 August 2024
Page 1

 
E A BLYTHE & COMPANY LTD
REGISTERED NUMBER: NI045364

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,737,215
1,615,927

  
1,737,215
1,615,927

Current assets
  

Stocks
  
100,250
119,920

Debtors
  
205,739
326,907

Cash at bank and in hand
  
1,078,392
600,960

  
1,384,381
1,047,787

Creditors: amounts falling due within one year
  
(333,399)
(318,463)

Net current assets
  
 
 
1,050,982
 
 
729,324

Total assets less current liabilities
  
2,788,197
2,345,251

Creditors: amounts falling due after more than one year
  
(101,569)
(83,000)

Provisions for liabilities
  
(136,863)
(98,792)

Net assets
  
2,549,765
2,163,459


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,549,665
2,163,359

  
2,549,765
2,163,459


Page 2

 
E A BLYTHE & COMPANY LTD
REGISTERED NUMBER: NI045364
    
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: 






C E Blythe
Director

Date: 13 August 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
E A BLYTHE & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

EA Blythe and Company Ltd is incorporated in Northern Ireland, registration number NI045364. The registered office is 95 Ballygowan Road, Comber, BT23 5RP.

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 recognition

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:

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
3% Straight Line
Plant and machinery
-
15% Straight Line
Motor vehicles
-
25% Reducing Balance
Office equipment
-
15% 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 profit or loss.

Page 4

 
E A BLYTHE & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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. 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.

 
2.5

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

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.

 
2.8

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.

 
2.9

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
E A BLYTHE & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 23).

Page 6

 
E A BLYTHE & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
1,235,341
1,454,095
80,280
10,563
2,780,279


Additions
-
234,839
75,950
5,264
316,053


Disposals
-
-
(50,500)
(5,047)
(55,547)



At 31 March 2024

1,235,341
1,688,934
105,730
10,780
3,040,785



Depreciation


At 1 April 2023
56,876
1,067,800
33,972
5,704
1,164,352


Charge for the year on owned assets
28,294
122,562
5,569
970
157,395


Disposals
-
-
(13,811)
(4,366)
(18,177)



At 31 March 2024

85,170
1,190,362
25,730
2,308
1,303,570



Net book value



At 31 March 2024
1,150,171
498,572
80,000
8,472
1,737,215



At 31 March 2023
1,178,465
386,295
46,308
4,859
1,615,927


5.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
101,569
83,000

101,569
83,000


Page 7

 
E A BLYTHE & COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
49,990
33,200

Between 1-5 years
101,569
83,000

151,559
116,200


7.


Deferred taxation




2024


£






At beginning of year
(98,792)


Charged to profit or loss
(38,071)



At end of year
(136,863)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(136,863)
(98,792)

(136,863)
(98,792)

 
Page 8