Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2023-04-01falseNo description of principal activity2021false 01044926 2023-04-01 2024-03-31 01044926 2022-04-01 2023-03-31 01044926 2024-03-31 01044926 2023-03-31 01044926 2022-04-01 01044926 c:Director2 2023-04-01 2024-03-31 01044926 d:Buildings 2023-04-01 2024-03-31 01044926 d:Buildings 2024-03-31 01044926 d:Buildings 2023-03-31 01044926 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01044926 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 01044926 d:Buildings d:LongLeaseholdAssets 2024-03-31 01044926 d:Buildings d:LongLeaseholdAssets 2023-03-31 01044926 d:MotorVehicles 2023-04-01 2024-03-31 01044926 d:MotorVehicles 2024-03-31 01044926 d:MotorVehicles 2023-03-31 01044926 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01044926 d:FurnitureFittings 2023-04-01 2024-03-31 01044926 d:FurnitureFittings 2024-03-31 01044926 d:FurnitureFittings 2023-03-31 01044926 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01044926 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01044926 d:CurrentFinancialInstruments 2024-03-31 01044926 d:CurrentFinancialInstruments 2023-03-31 01044926 d:Non-currentFinancialInstruments 2024-03-31 01044926 d:Non-currentFinancialInstruments 2023-03-31 01044926 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01044926 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01044926 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01044926 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01044926 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 01044926 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 01044926 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 01044926 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 01044926 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 01044926 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 01044926 d:ShareCapital 2024-03-31 01044926 d:ShareCapital 2023-03-31 01044926 d:CapitalRedemptionReserve 2024-03-31 01044926 d:CapitalRedemptionReserve 2023-03-31 01044926 d:RetainedEarningsAccumulatedLosses 2024-03-31 01044926 d:RetainedEarningsAccumulatedLosses 2023-03-31 01044926 c:OrdinaryShareClass2 2023-04-01 2024-03-31 01044926 c:OrdinaryShareClass2 2024-03-31 01044926 c:OrdinaryShareClass2 2023-03-31 01044926 c:OrdinaryShareClass3 2023-04-01 2024-03-31 01044926 c:OrdinaryShareClass3 2024-03-31 01044926 c:OrdinaryShareClass3 2023-03-31 01044926 c:FRS102 2023-04-01 2024-03-31 01044926 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01044926 c:FullAccounts 2023-04-01 2024-03-31 01044926 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01044926 d:WithinOneYear 2024-03-31 01044926 d:WithinOneYear 2023-03-31 01044926 d:BetweenOneFiveYears 2024-03-31 01044926 d:BetweenOneFiveYears 2023-03-31 01044926 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01044926 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01044926 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 01044926 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 01044926 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01044926










BEADLE & CROME (READING) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BEADLE & CROME (READING) LIMITED
REGISTERED NUMBER: 01044926

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,727,942
1,743,904

  
1,727,942
1,743,904

Current assets
  

Stocks
 5 
303,619
370,385

Debtors: amounts falling due within one year
 6 
71,281
50,364

Cash at bank and in hand
  
269,642
314,466

  
644,542
735,215

Current liability
  

Creditors: amounts falling due within one year
 7 
(343,395)
(395,060)

Net current assets
  
 
 
301,147
 
 
340,155

Total assets less current liabilities
  
2,029,089
2,084,059

Creditors: amounts falling due after more than one year
 8 
(561,026)
(569,122)

Provisions for liabilities
  

Deferred tax
 12 
(19,869)
(30,161)

  
 
 
(19,869)
 
 
(30,161)

Net assets
  
1,448,194
1,484,776


Capital and reserves
  

Called up share capital 
 13 
27,000
27,000

Capital redemption reserve
  
21,000
21,000

Profit and loss account
  
1,400,194
1,436,776

  
1,448,194
1,484,776


Page 1

 
BEADLE & CROME (READING) LIMITED
REGISTERED NUMBER: 01044926

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 comprehensive income 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 G Dodd
Director
Date: 16 September 2024

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

Page 2

 
BEADLE & CROME (READING) LIMITED
 

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

1.


General information

Beadle & Crome (Reading) Limited is a private company, limited by shares and incorporated in England and Wales (registered number 01044926). The registered office is 44/52 Oxford Road, Reading, Berkshire, RG1 7LA.

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 recognition

Turnover represents net sales of goods, excluding value added tax.

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
1% on cost
Leasehold property
-
over term of lease
Motor vehicles
-
25% on reducing balance
Fixtures & fittings
-
15% on reducing balance

 
2.4

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.

 
2.5

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.

 
2.6

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.

Page 3

 
BEADLE & CROME (READING) LIMITED
 

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

2.Accounting policies (continued)

 
2.7

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.

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.

 
2.8

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.

 
2.9

Government grants

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 Comprehensive Income in the same period as the related expenditure.

 
2.10

Foreign currency translation

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

 
2.11

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.12

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. 

Page 4

 
BEADLE & CROME (READING) LIMITED
 

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

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 21).

Page 5

 
BEADLE & CROME (READING) LIMITED
 

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

4.


Tangible fixed assets





Freehold property
Leasehold property
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost 


At 1 April 2023
1,918,134
2,486
66,838
190,808
2,178,266


Additions
-
-
-
777
777



At 31 March 2024

1,918,134
2,486
66,838
191,585
2,179,043



Depreciation


At 1 April 2023
219,421
2,486
59,462
152,993
434,362


Charge for the year on owned assets
9,184
-
1,844
5,711
16,739



At 31 March 2024

228,605
2,486
61,306
158,704
451,101



Net book value



At 31 March 2024
1,689,529
-
5,532
32,881
1,727,942



At 31 March 2023
1,698,713
-
7,376
37,815
1,743,904


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
303,619
370,385

303,619
370,385



6.


Debtors

2024
2023
£
£


Prepayments and accrued income
65,482
44,565

Tax recoverable
5,799
5,799

71,281
50,364


Page 6

 
BEADLE & CROME (READING) LIMITED
 

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

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
29,139
29,139

Payments received on account
78,483
107,334

Trade creditors
155,439
154,372

Other taxation and social security
58,992
75,533

Other creditors
10,000
10,000

Accruals and deferred income
11,342
18,682

343,395
395,060



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
318,526
326,622

Other loans
242,500
242,500

561,026
569,122


Page 7

 
BEADLE & CROME (READING) LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
29,139
29,139


29,139
29,139

Amounts falling due 1-2 years

Bank loans
29,139
29,139


29,139
29,139

Amounts falling due 2-5 years

Bank loans
87,416
87,416


87,416
87,416

Amounts falling due after more than 5 years

Bank loans
201,971
210,067

Other loans
242,500
242,500

444,471
452,567

590,165
598,261


Bank loans and other loans have a fixed and floating charge over the company.


10.


Pension commitments

The Company operates a defined contribution 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 £16,959 (2023: £17,166).
 
No contribution were outstanding in the current or prior year.

Page 8

 
BEADLE & CROME (READING) LIMITED
 

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

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
37,770
37,770

Later than 1 year and not later than 5 years
8,779
46,549

46,549
84,319


12.


Deferred taxation




2024
2023


£

£






At beginning of year
(30,161)
(46,313)


Charged to profit or loss
10,292
16,152



At end of year
(19,869)
(30,161)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(35,746)
(30,161)

Tax losses carried forward
15,877
-

(19,869)
(30,161)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



18,000 (2023 - 18,000) B Ordinary shares of £1.00 each
18,000
18,000
9,000 (2023 - 9,000) C Ordinary shares of £1.00 each
9,000
9,000

27,000

27,000


Page 9

 
BEADLE & CROME (READING) LIMITED
 

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

14.


Controlling party

The company was controlled throughout the current and previous periods by its directors, who between them own the whole of the issued share capital of the company.


Page 10