Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity1414truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00334980 2023-02-01 2024-01-31 00334980 2022-02-01 2023-01-31 00334980 2024-01-31 00334980 2023-01-31 00334980 c:Director3 2023-02-01 2024-01-31 00334980 d:Buildings 2023-02-01 2024-01-31 00334980 d:Buildings 2024-01-31 00334980 d:Buildings 2023-01-31 00334980 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00334980 d:Buildings d:ShortLeaseholdAssets 2023-02-01 2024-01-31 00334980 d:Buildings d:ShortLeaseholdAssets 2024-01-31 00334980 d:Buildings d:ShortLeaseholdAssets 2023-01-31 00334980 d:MotorVehicles 2023-02-01 2024-01-31 00334980 d:MotorVehicles 2024-01-31 00334980 d:MotorVehicles 2023-01-31 00334980 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00334980 d:FurnitureFittings 2023-02-01 2024-01-31 00334980 d:FurnitureFittings 2024-01-31 00334980 d:FurnitureFittings 2023-01-31 00334980 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00334980 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00334980 d:PatentsTrademarksLicencesConcessionsSimilar 2024-01-31 00334980 d:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 00334980 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 00334980 d:FreeholdInvestmentProperty 2024-01-31 00334980 d:FreeholdInvestmentProperty 2023-01-31 00334980 d:CurrentFinancialInstruments 2024-01-31 00334980 d:CurrentFinancialInstruments 2023-01-31 00334980 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 00334980 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 00334980 d:ShareCapital 2024-01-31 00334980 d:ShareCapital 2023-01-31 00334980 d:RevaluationReserve 2024-01-31 00334980 d:RevaluationReserve 2023-01-31 00334980 d:OtherMiscellaneousReserve 2024-01-31 00334980 d:OtherMiscellaneousReserve 2023-01-31 00334980 d:RetainedEarningsAccumulatedLosses 2024-01-31 00334980 d:RetainedEarningsAccumulatedLosses 2023-01-31 00334980 c:FRS102 2023-02-01 2024-01-31 00334980 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 00334980 c:FullAccounts 2023-02-01 2024-01-31 00334980 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 00334980 5 2023-02-01 2024-01-31 00334980 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 00334980







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


J.ROBARTS & SON LIMITED






































img7d6e.png                        

 


J.ROBARTS & SON LIMITED
REGISTERED NUMBER:00334980



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,190,153
1,179,469

Investment property
 6 
426,350
350,000

  
1,616,503
1,529,469

Current assets
  

Stocks
  
75,219
61,406

Debtors: amounts falling due within one year
 7 
88,971
111,733

Cash at bank and in hand
  
410,556
471,717

  
574,746
644,856

Creditors: amounts falling due within one year
 8 
(72,643)
(81,001)

Net current assets
  
 
 
502,103
 
 
563,855

Total assets less current liabilities
  
2,118,606
2,093,324

Provisions for liabilities
  

Deferred tax
  
(211,124)
(208,245)

  
 
 
(211,124)
 
 
(208,245)

Net assets
  
1,907,482
1,885,079


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
623,941
623,941

Other reserves
  
211,192
211,192

Profit and loss account
  
1,072,249
1,049,846

  
1,907,482
1,885,079


Page 1

 


J.ROBARTS & SON LIMITED
REGISTERED NUMBER:00334980


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 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 by: 




___________________________
J E Chamberlin
Director

Date: 20 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


J.ROBARTS & SON LIMITED
 


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

1.


General information

J.Robarts & Son Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).  

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.

Property rental
Rental income is recognised on a straight-line basis over the year in which the rental relates.

Page 3

 


J.ROBARTS & SON LIMITED
 


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

2.Accounting policies (continued)

 
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

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.

 
2.5

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.

 
2.6

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.

Page 4

 


J.ROBARTS & SON LIMITED
 


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

2.Accounting policies (continued)

 
2.7

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Short-term leasehold property
-
Motor vehicles
-
25%
Fixtures and fittings
-
10%

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.

 
2.8

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.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value 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 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.

 
2.11

Financial instruments

Page 5

 


J.ROBARTS & SON LIMITED
 


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

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 14).


4.


Intangible assets




Patents

£



Cost


At 1 February 2023
23,500



At 31 January 2024

23,500



Amortisation


At 1 February 2023
23,500



At 31 January 2024

23,500



Net book value



At 31 January 2024
-



At 31 January 2023
-



Page 6

 


J.ROBARTS & SON LIMITED
 


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

5.


Tangible fixed assets





Freehold property
Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
950,000
160,000
7,462
195,506
1,312,968


Additions
-
-
-
18,472
18,472


Disposals
-
-
(7,462)
-
(7,462)



At 31 January 2024

950,000
160,000
-
213,978
1,323,978



Depreciation


At 1 February 2023
-
-
7,462
126,037
133,499


Charge for the year on owned assets
-
-
-
7,788
7,788


Disposals
-
-
(7,462)
-
(7,462)



At 31 January 2024

-
-
-
133,825
133,825



Net book value



At 31 January 2024
950,000
160,000
-
80,153
1,190,153



At 31 January 2023
950,000
160,000
-
69,469
1,179,469

Page 7

 


J.ROBARTS & SON LIMITED
 


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

6.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
350,000


Additions at cost
76,350



At 31 January 2024
426,350


Comprising


Cost
165,889

Valuation in:


2019
260,461

At 31 January 2024
426,350

The 2024 valuations were made by the directors, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Trade debtors
-
2,000

Other debtors
67,166
91,535

Prepayments and accrued income
9,164
5,556

Tax recoverable
12,641
12,642

88,971
111,733



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
36,894
29,579

Corporation tax
2,376
3,096

Other taxation and social security
16,169
-

Other creditors
6,462
45,826

Accruals and deferred income
10,742
2,500

72,643
81,001


Page 8

 


J.ROBARTS & SON LIMITED
 


 
 Page 9