Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30true32022-10-01falseNo description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00858367 2022-10-01 2023-09-30 00858367 2021-10-01 2022-09-30 00858367 2023-09-30 00858367 2022-09-30 00858367 c:Director1 2022-10-01 2023-09-30 00858367 d:Buildings 2022-10-01 2023-09-30 00858367 d:Buildings 2023-09-30 00858367 d:Buildings 2022-09-30 00858367 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00858367 d:PlantMachinery 2022-10-01 2023-09-30 00858367 d:PlantMachinery 2023-09-30 00858367 d:PlantMachinery 2022-09-30 00858367 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00858367 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00858367 d:PatentsTrademarksLicencesConcessionsSimilar 2022-10-01 2023-09-30 00858367 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 00858367 d:PatentsTrademarksLicencesConcessionsSimilar 2022-09-30 00858367 d:CurrentFinancialInstruments 2023-09-30 00858367 d:CurrentFinancialInstruments 2022-09-30 00858367 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00858367 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 00858367 d:ShareCapital 2023-09-30 00858367 d:ShareCapital 2022-09-30 00858367 d:RetainedEarningsAccumulatedLosses 2023-09-30 00858367 d:RetainedEarningsAccumulatedLosses 2022-09-30 00858367 c:FRS102 2022-10-01 2023-09-30 00858367 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 00858367 c:FullAccounts 2022-10-01 2023-09-30 00858367 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 00858367 2 2022-10-01 2023-09-30 00858367 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 00858367






P.L. ELLIS & SON LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
P.L. ELLIS & SON LIMITED
REGISTERED NUMBER:00858367

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
33,542
36,077

  
33,542
36,077

Current assets
  

Stocks
  
68,389
133,030

Debtors: amounts falling due within one year
 6 
30,850
20,260

Cash at bank and in hand
  
249,947
206,835

  
349,186
360,125

Creditors: amounts falling due within one year
 7 
(118,893)
(129,830)

Net current assets
  
 
 
230,293
 
 
230,295

Total assets less current liabilities
  
263,835
266,372

Provisions for liabilities
  

Deferred tax
  
(2,736)
(2,561)

  
 
 
(2,736)
 
 
(2,561)

Net assets
  
261,099
263,811


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
260,999
263,711

  
261,099
263,811


Page 1

 
P.L. ELLIS & SON LIMITED
REGISTERED NUMBER:00858367
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 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 income statement 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 M Ellis
Director

Date: 22 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
P.L. ELLIS & SON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

P.L. Ellis & Son Limited is a private company limited by shares and incorporated in England and Wales, registration number 00858367. The registered office is King Street House, 15 Upper King Street, Norwich, Norfolk, NR3 1RB.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

The following principal accounting policies have been applied:

Page 3

 
P.L. ELLIS & SON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.2

Turnover

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:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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

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.

 
2.4

Interest income

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

 
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.

Page 4

 
P.L. ELLIS & SON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
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

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.

 
2.8

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 5

 
P.L. ELLIS & SON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
NIL and 10% of cost p.a straight line
Plant & machinery
-
15% to 25% p.a. 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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

 
P.L. ELLIS & SON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

2023
2022
£
£

Social security costs
508
453

508
453


The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Intangible assets




BPS Entitlements

£





At 1 October 2022
11,279


Disposals
(11,279)



At 30 September 2023

-





At 1 October 2022
11,279


On disposals
(11,279)



At 30 September 2023

-



Net book value



At 30 September 2023
-



At 30 September 2022
-


Page 7

 
P.L. ELLIS & SON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
 
           4.Intangible assets (continued)



5.


Tangible fixed assets





Freehold property
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 October 2022
50,686
129,279
179,965



At 30 September 2023

50,686
129,279
179,965



Depreciation


At 1 October 2022
28,088
115,800
143,888


Charge for the year on owned assets
-
2,535
2,535



At 30 September 2023

28,088
118,335
146,423



Net book value



At 30 September 2023
22,598
10,944
33,542



At 30 September 2022
22,598
13,479
36,077

Page 8

 
P.L. ELLIS & SON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
28,662
6,349

Other debtors
1,226
12,990

Prepayments and accrued income
962
921

30,850
20,260



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,091
3,634

Corporation tax
-
5,474

Other creditors
53,947
48,340

Accruals and deferred income
53,855
72,382

118,893
129,830



Page 9