Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity22falsetruefalse 12539788 2023-10-01 2024-03-31 12539788 2022-04-01 2023-09-30 12539788 2024-03-31 12539788 2023-09-30 12539788 c:Director1 2023-10-01 2024-03-31 12539788 d:CurrentFinancialInstruments 2024-03-31 12539788 d:CurrentFinancialInstruments 2023-09-30 12539788 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12539788 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12539788 d:ShareCapital 2024-03-31 12539788 d:ShareCapital 2023-09-30 12539788 d:RetainedEarningsAccumulatedLosses 2024-03-31 12539788 d:RetainedEarningsAccumulatedLosses 2023-09-30 12539788 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-10-01 2024-03-31 12539788 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 12539788 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-09-30 12539788 c:FRS102 2023-10-01 2024-03-31 12539788 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-03-31 12539788 c:FullAccounts 2023-10-01 2024-03-31 12539788 c:PrivateLimitedCompanyLtd 2023-10-01 2024-03-31 12539788 e:PoundSterling 2023-10-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12539788










COLLINS & CLARK DEVELOPMENTS (LITTLE MELTON) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
COLLINS & CLARK DEVELOPMENTS (LITTLE MELTON) LIMITED
REGISTERED NUMBER: 12539788

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
30 September
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
5,410,707
7,027,568

Debtors: amounts falling due within one year
 5 
69,766
74,649

Cash at bank and in hand
 6 
43
66,949

  
5,480,516
7,169,166

Creditors: amounts falling due within one year
 7 
(5,701,822)
(6,781,444)

Net current (liabilities)/assets
  
 
 
(221,306)
 
 
387,722

Total assets less current liabilities
  
(221,306)
387,722

Provisions for liabilities
  

Other provisions
  
-
(200,000)

  
 
 
-
 
 
(200,000)

Net (liabilities)/assets
  
(221,306)
187,722


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(221,406)
187,622

  
(221,306)
187,722


Page 1

 
COLLINS & CLARK DEVELOPMENTS (LITTLE MELTON) LIMITED
REGISTERED NUMBER: 12539788
    
STATEMENT OF FINANCIAL POSITION (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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 A Collins
Director

Date: 19 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
COLLINS & CLARK DEVELOPMENTS (LITTLE MELTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Collins & Clark Developments (Little Melton) Limited is a private company limited by shares and incorporated in England and Wales, registration number 12539788 . The address of the registered office is 10 Riverside Road, Norwich, NR1 1SQ.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs and support being provided by the group company.
Based on this, the Directors have concluded that the Company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.

Page 3

 
COLLINS & CLARK DEVELOPMENTS (LITTLE MELTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

Taxation

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.

Page 4

 
COLLINS & CLARK DEVELOPMENTS (LITTLE MELTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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

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.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


    30 March 2024
 30 September 2023
            No.
            No.







Directors
2
2

Page 5

 
COLLINS & CLARK DEVELOPMENTS (LITTLE MELTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Stocks

31 March
30 September
2024
2023
£
£

Work in progress (goods to be sold)
5,410,707
7,027,568

5,410,707
7,027,568



5.


Debtors

31 March
30 September
2024
2023
£
£


Other debtors
69,766
74,649

69,766
74,649



6.


Cash and cash equivalents

31 March
30 September
2024
2023
£
£

Cash at bank and in hand
43
66,949

43
66,949


Page 6

 
COLLINS & CLARK DEVELOPMENTS (LITTLE MELTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

31 March
30 September
2024
2023
£
£

Bank loans
1,018,000
2,042,000

Other loans
2,729,261
2,583,465

Payments received on account
77,596
434,273

Trade creditors
705,089
545,094

Amounts owed to group undertakings
1,146,716
1,102,423

Corporation tax
10,677
35,089

Other creditors
9,733
34,150

Accruals and deferred income
4,750
4,950

5,701,822
6,781,444


The bank loan is secured by fixed and floating charges over company assets.


8.


Provisions








Other provision

£





At 1 October 2023
200,000


Utilised in period
(200,000)



At 31 March 2024
-


9.


Controlling party

The controlling party is Collins & Clark Group Developments Limited by way of owning 100% of the issued share capital. The company is under ultimate control of its Directors, J Collins and R Clark.

 
Page 7