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13227867







LEIGH ROBERTS LIMITED

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2024

































LEIGH ROBERTS LIMITED
REGISTERED NUMBER:13227867

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,967
22,908

Current assets
  

Stocks
  
12,000
12,000

Debtors: amounts falling due within one year
 5 
247,871
231,016

Cash at bank and in hand
  
5,074
13,717

  
264,945
256,733

Creditors: amounts falling due within one year
 6 
(218,782)
(223,679)

Net current assets
  
 
 
46,163
 
 
33,054

Total assets less current liabilities
  
65,130
55,962

Creditors: amounts falling due after more than one year
 7 
(11,997)
(24,085)

Provisions for liabilities
  

Deferred tax
 9 
(3,183)
(3,631)

  
 
 
(3,183)
 
 
(3,631)

Net assets
  
49,950
28,246


Capital and reserves
  

Called up share capital 
 10 
200
200

Profit and loss account
  
49,750
28,046

  
49,950
28,246


Page 1

LEIGH ROBERTS LIMITED
REGISTERED NUMBER:13227867
    
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 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: 




L Roberts
K O'Brien
Director
Director


Date: 3 September 2024

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

Page 2

LEIGH ROBERTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Leigh Roberts Limited is a company limited by shares and is domiciled and incorporated in England and Wales. 
The address of the Company's registered office and place of business is 6 Vale Road, Tunbridge Wells, Kent, TN1 1BP.
The presentation currency of the financial statements is 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 represents amounts receivable for goods and services net of VAT and trade discounts. 
Revenue is recognised at the point of sale.

 
2.3

Grants receivable

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.4

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 3

LEIGH ROBERTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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 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.

 
2.6

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:

Fixtures and fittings
-
20% 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.

  
2.7

Stocks

Stock is valued at the lower of cost and net realisable value. 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.

Page 4

LEIGH ROBERTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).

Page 5

LEIGH ROBERTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
118,312


Additions
730



At 31 March 2024

119,042



Depreciation


At 1 April 2023
95,404


Charge for the year on owned assets
4,671



At 31 March 2024

100,075



Net book value



At 31 March 2024
18,967



At 31 March 2023
22,908


5.


Debtors

2024
2023
£
£


Amounts owed by connected companies
237,146
226,477

Other debtors
10,725
4,539

247,871
231,016


Page 6

LEIGH ROBERTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
826
-

Bank loans
12,088
11,873

Corporation tax
22,799
20,404

Other taxation and social security
16,245
21,476

Other creditors
160,933
164,425

Accruals and deferred income
5,891
5,501

218,782
223,679


Within Other Creditors is £158,953 owed to a director (2023: 163,216). This balance is interest free and repayable on demand.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,997
24,085



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
12,088
11,873

Amounts falling due 1-2 years

Bank loans
8,960
12,088

Amounts falling due 2-5 years

Bank loans
3,037
11,997


24,085
35,958


Page 7

LEIGH ROBERTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024


£






At beginning of year
3,631


Charged to profit or loss
(448)



At end of year
3,183

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
3,183
3,631


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary A shares of £1.00 each
100
100
100 (2023 - 100) Ordinary B shares of £1.00 each
100
100

200

200


Both Ordinary A and Ordinary B shares have full rights regarding voting, payment of dividends and distributions.


11.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
1,664

Page 8

LEIGH ROBERTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Transactions with directors

L Roberts 2024
L Roberts 2023
        £
        £

Balance brought forward

2,831

(125)

Advances to directors

44,387

45,352

Repayments in the year

(38,000)

(42,396)

Balance carried forward

9,218

2,831


Loans to directors are interest free and repayable on demand. 

 
Page 9