Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01falseThe principal activity of the company is dispensing chemist in specialised stores.1515falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06229385 2022-09-01 2023-08-31 06229385 2021-09-01 2022-08-31 06229385 2023-08-31 06229385 2022-08-31 06229385 c:Director2 2022-09-01 2023-08-31 06229385 d:FurnitureFittings 2022-09-01 2023-08-31 06229385 d:FurnitureFittings 2023-08-31 06229385 d:FurnitureFittings 2022-08-31 06229385 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 06229385 d:Goodwill 2022-09-01 2023-08-31 06229385 d:Goodwill 2023-08-31 06229385 d:Goodwill 2022-08-31 06229385 d:CurrentFinancialInstruments 2023-08-31 06229385 d:CurrentFinancialInstruments 2022-08-31 06229385 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 06229385 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 06229385 d:ShareCapital 2023-08-31 06229385 d:ShareCapital 2022-08-31 06229385 d:RetainedEarningsAccumulatedLosses 2023-08-31 06229385 d:RetainedEarningsAccumulatedLosses 2022-08-31 06229385 c:FRS102 2022-09-01 2023-08-31 06229385 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 06229385 c:FullAccounts 2022-09-01 2023-08-31 06229385 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 06229385 d:Goodwill d:OwnedIntangibleAssets 2022-09-01 2023-08-31 06229385 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 06229385










BRITTON & ROBSON LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
BRITTON & ROBSON LIMITED
REGISTERED NUMBER: 06229385

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
541,762
637,367

Tangible assets
 5 
5,988
8,189

  
547,750
645,556

Current assets
  

Stocks
  
88,785
91,029

Debtors: amounts falling due within one year
 6 
217,855
222,250

Cash at bank and in hand
 7 
75,042
83,809

  
381,682
397,088

Creditors: amounts falling due within one year
 8 
(657,906)
(687,778)

Net current liabilities
  
 
 
(276,224)
 
 
(290,690)

Total assets less current liabilities
  
271,526
354,866

Provisions for liabilities
  

Deferred tax
  
(1,111)
(1,738)

  
 
 
(1,111)
 
 
(1,738)

Net assets
  
270,415
353,128


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
270,414
353,127

  
270,415
353,128


Page 1

 
BRITTON & ROBSON LIMITED
REGISTERED NUMBER: 06229385
    
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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 on 21 August 2024.




Mr K A Simpson
Director

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

Page 2

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The company is a private company limited by share capital, incorporated in England & Wales, registration number 06229385. 
The address of its registered office is Lakeside House, Kingfisher Way, Stockton-On-Tees, T818 3NB.
The principal place of business is 46 High Street, Willington, Crook, County Durham, DL15 0PG. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end the company reported net current liabilities totalling £276,224 (2022 - £290,690). However, liabilities includes £262,714 (2022 - £324,814) owed to companies under common control. The directors of the group undertakings have indicated a willingness to finance any shortages in the company's day to day finances via the group undertaking company and for such an arrangement to continue for a period of not less than one year from the date the financial statements were approved.
The company meets its day to day working capital requirements through cash generated from operations and shareholder borrowings.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of signing these financial statements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Page 3

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
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:

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.

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

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.

 
2.6

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 4

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 Income and Retained Earnings 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.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
20
years

Page 5

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.9

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:

Fixtures and fittings
-
20%
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.

 
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 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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 6

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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 the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
15
15

Page 7

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2022
1,912,102



At 31 August 2023

1,912,102



Amortisation


At 1 September 2022
1,274,735


Charge for the year on owned assets
95,605



At 31 August 2023

1,370,340



Net book value



At 31 August 2023
541,762



At 31 August 2022
637,367



Page 8

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2022
23,469



At 31 August 2023

23,469



Depreciation


At 1 September 2022
15,280


Charge for the year on owned assets
2,201



At 31 August 2023

17,481



Net book value



At 31 August 2023
5,988



At 31 August 2022
8,189


6.


Debtors

2023
2022
£
£


Trade debtors
173,786
155,403

Other debtors
40,998
61,243

Prepayments and accrued income
3,071
5,604

217,855
222,250



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
75,042
83,809

75,042
83,809


Page 9

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
352,416
257,844

Amounts owed to group undertakings
157,314
282,814

Corporation tax
35,155
76,744

Other taxation and social security
5,038
20,353

Other creditors
101,545
44,691

Accruals and deferred income
6,438
5,332

657,906
687,778



9.


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 £8,464 (2022 - £7,291).
Contributions totalling £1,545 (2022 - £2,691) were payable to the fund at the balance sheet date and are included in creditors.


10.Other financial commitments

Amounts not provided for in the statement of financial position
The total amount of financial commitments not included in the statement of financial position is £40,340 (2022 - £57,091)
The total amount of guarantees not included in the statement of financial position is £1,036,797 (2022 - £1,146,290). 

Page 10

 
BRITTON & ROBSON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

11.


Related party transactions

During the year the company paid management charges of £18,000 (2022 - £9,200) to Willington Healthcare Limited, the company's parent undertaking.
At the year end there was £157,314 (2022 - £282,814) owed to Willington Healthcare Limited included within amounts owed to group undertakings.
Included within trade creditors is an amount owed to Willington Healthcare Limited in the amount of £5,400 (2022 - £Nil).
Included within other creditors is an amount owed to Knightingales Limited a company under common control in the amount of £100,000 (2022 - £42,000).
Included within other debtors is an amount owed by Sunniside Healthcare Limited a company under common control in the amount of £12,000 (2022 - £12,000).


12.


Controlling party

The company's immediate parent is Willington Healthcare Limited, incorporated in England and Wales.
The registered oflice of Willington Healthcare Limited is Lakeside House, Kingfisher Way, Stockton-On-Tees, T818 3NB.
These financial statements are available upon request from Companies House.

 
Page 11