Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31No description of principal activity2023-02-01false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00832514 2023-02-01 2024-01-31 00832514 2022-02-01 2023-01-31 00832514 2024-01-31 00832514 2023-01-31 00832514 c:Director1 2023-02-01 2024-01-31 00832514 c:RegisteredOffice 2023-02-01 2024-01-31 00832514 d:Buildings 2023-02-01 2024-01-31 00832514 d:Buildings 2024-01-31 00832514 d:Buildings 2023-01-31 00832514 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00832514 d:Buildings d:ShortLeaseholdAssets 2023-02-01 2024-01-31 00832514 d:Buildings d:ShortLeaseholdAssets 2024-01-31 00832514 d:Buildings d:ShortLeaseholdAssets 2023-01-31 00832514 d:MotorVehicles 2023-02-01 2024-01-31 00832514 d:MotorVehicles 2024-01-31 00832514 d:MotorVehicles 2023-01-31 00832514 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00832514 d:FurnitureFittings 2023-02-01 2024-01-31 00832514 d:FurnitureFittings 2024-01-31 00832514 d:FurnitureFittings 2023-01-31 00832514 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00832514 d:OfficeEquipment 2023-02-01 2024-01-31 00832514 d:OfficeEquipment 2024-01-31 00832514 d:OfficeEquipment 2023-01-31 00832514 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00832514 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 00832514 d:OtherPropertyPlantEquipment 2024-01-31 00832514 d:OtherPropertyPlantEquipment 2023-01-31 00832514 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00832514 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00832514 d:CurrentFinancialInstruments 2024-01-31 00832514 d:CurrentFinancialInstruments 2023-01-31 00832514 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 00832514 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 00832514 d:ShareCapital 2024-01-31 00832514 d:ShareCapital 2023-01-31 00832514 d:RevaluationReserve 2024-01-31 00832514 d:RevaluationReserve 2023-01-31 00832514 d:OtherMiscellaneousReserve 2024-01-31 00832514 d:OtherMiscellaneousReserve 2023-01-31 00832514 d:RetainedEarningsAccumulatedLosses 2024-01-31 00832514 d:RetainedEarningsAccumulatedLosses 2023-01-31 00832514 c:FRS102 2023-02-01 2024-01-31 00832514 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 00832514 c:FullAccounts 2023-02-01 2024-01-31 00832514 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 00832514 2 2023-02-01 2024-01-31 00832514 5 2023-02-01 2024-01-31 00832514 6 2023-02-01 2024-01-31 00832514 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 00832514







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


E.& S.SHOPS LIMITED






































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E.& S.SHOPS LIMITED
 


 
COMPANY INFORMATION


Director
Miss J A Hoskins 




Registered number
00832514



Registered office
12 High Street

Malmesbury

Wiltshire

SN16 9AU




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


E.& S.SHOPS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 10


 


E.& S.SHOPS LIMITED
REGISTERED NUMBER:00832514



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,694,119
1,738,380

Investments
 5 
3,505
3,505

  
1,697,624
1,741,885

Current assets
  

Stocks
  
176,424
200,659

Debtors: amounts falling due within one year
 6 
9,112
9,667

Current asset investments
 7 
5,859
5,859

Cash at bank and in hand
  
400,506
380,386

  
591,901
596,571

Creditors: amounts falling due within one year
 8 
(85,992)
(80,258)

Net current assets
  
 
 
505,909
 
 
516,313

Total assets less current liabilities
  
2,203,533
2,258,198

Provisions for liabilities
  

Deferred tax
  
(175,666)
(233,258)

  
 
 
(175,666)
 
 
(233,258)

Net assets
  
2,027,867
2,024,940

Page 1

 


E.& S.SHOPS LIMITED
REGISTERED NUMBER:00832514


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

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
4,005
4,005

Revaluation reserve
  
492,783
510,863

Other reserves
  
777,287
777,287

Profit and loss account
  
753,792
732,785

  
2,027,867
2,024,940


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 her 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 profit and loss account 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: 




Miss J A Hoskins
Director

Date: 7 August 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 


E.& S.SHOPS LIMITED
 


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

1.


General information

E.& S.Shops Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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.

Rendering of services

Revenue 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 revenue 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.

 
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.

Page 3

 


E.& S.SHOPS LIMITED
 


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

2.Accounting policies (continued)


2.3
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 Straight Line and Reducing Balance basis..

Depreciation is provided on the following basis:

Freehold property
-
50 Years
Leasehold property
-
125 Years
Motor vehicles
-
25%
Reducing Balance
Fixtures and fittings
-
10%
Reducing Balance
Equipment
-
25%
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.

 
2.4

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.

 
2.5

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 Profit and Loss Account 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.

 
2.6

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 4

 


E.& S.SHOPS LIMITED
 


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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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 Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

 
2.10

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.

 
2.11

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.

Page 5

 


E.& S.SHOPS LIMITED
 


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

2.Accounting policies (continued)

 
2.12

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.

 
2.13

Interest income

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

 
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.

Page 6

 


E.& S.SHOPS LIMITED
 


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

2.Accounting policies (continued)

 
2.15

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 7


E.& S.SHOPS LIMITED
  
 
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024



4.


Tangible fixed assets






Freehold property
Leasehold property
Motor vehicles
Fixtures and fittings
Equipment
Investment Property
Total

£
£
£
£
£
£
£



Cost or valuation


At 1 February 2023
904,000
209,030
35,325
69,437
2,115
818,917
2,038,824


Additions
-
-
-
650
-
-
650


Disposals
-
-
(2,500)
-
-
-
(2,500)


Revaluations
-
-
-
-
-
(23,912)
(23,912)



At 31 January 2024

904,000
209,030
32,825
70,087
2,115
795,005
2,013,062



Depreciation


At 1 February 2023
144,640
58,955
34,997
60,190
1,665
-
300,447


Charge for the year on owned assets
18,080
1,672
62
990
113
-
20,917


Disposals
-
-
(2,421)
-
-
-
(2,421)



At 31 January 2024

162,720
60,627
32,638
61,180
1,778
-
318,943



Net book value



At 31 January 2024
741,280
148,403
187
8,907
337
795,005
1,694,119



At 31 January 2023
759,360
150,075
329
9,248
451
818,917
1,738,380

Page 8

 


E.& S.SHOPS LIMITED
 


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

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 February 2023
3,505



At 31 January 2024
3,505





6.


Debtors

2024
2023
£
£


Trade debtors
2,968
3,467

Other debtors
6,144
6,200

9,112
9,667



7.


Current asset investments

2024
2023
£
£

Shares in group undertakings
5,859
5,859

5,859
5,859



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
25,383
18,510

Corporation tax
2,358
7,174

Other taxation and social security
11,990
9,375

Other creditors
24,402
24,368

Accruals and deferred income
21,859
20,831

85,992
80,258


Page 9

 


E.& S.SHOPS LIMITED
 


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

9.


Related party transactions

Included within the debtors due within one year are amounts owed to the company by the director amounting to £2,652 (2023 - £56). This amount is interest free and repayable on demand. 

 
Page 10