Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31402023-01-01falserecruitment consultants and suppliers of domestic staff45falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03991770 2023-01-01 2023-12-31 03991770 2022-01-01 2022-12-31 03991770 2023-12-31 03991770 2022-12-31 03991770 c:Director1 2023-01-01 2023-12-31 03991770 d:FurnitureFittings 2023-01-01 2023-12-31 03991770 d:FurnitureFittings 2023-12-31 03991770 d:FurnitureFittings 2022-12-31 03991770 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03991770 d:CurrentFinancialInstruments 2023-12-31 03991770 d:CurrentFinancialInstruments 2022-12-31 03991770 d:Non-currentFinancialInstruments 2023-12-31 03991770 d:Non-currentFinancialInstruments 2022-12-31 03991770 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03991770 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03991770 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03991770 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03991770 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 03991770 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 03991770 d:ShareCapital 2023-12-31 03991770 d:ShareCapital 2022-12-31 03991770 d:RetainedEarningsAccumulatedLosses 2023-12-31 03991770 d:RetainedEarningsAccumulatedLosses 2022-12-31 03991770 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03991770 c:OrdinaryShareClass1 2023-12-31 03991770 c:OrdinaryShareClass1 2022-12-31 03991770 c:FRS102 2023-01-01 2023-12-31 03991770 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03991770 c:FullAccounts 2023-01-01 2023-12-31 03991770 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03991770 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-12-31 03991770 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2022-12-31 03991770 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2023-12-31 03991770 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2022-12-31 03991770 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2023-12-31 03991770 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2022-12-31 03991770 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03991770













RANDOLPHS LIMITED
UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023


 
RANDOLPHS LIMITED
REGISTERED NUMBER:03991770


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,327
4,809

  
7,327
4,809

Current assets
  

Debtors: amounts falling due within one year
 5 
243,643
157,977

Cash at bank and in hand
  
49,916
150,966

  
293,559
308,943

Creditors: amounts falling due within one year
 6 
(235,565)
(263,113)

Net current assets
  
 
 
57,994
 
 
45,830

Total assets less current liabilities
  
65,321
50,639

Creditors: amounts falling due after more than one year
 7 
(38,333)
(58,333)

  

Net assets/(liabilities)
  
26,988
(7,694)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
26,987
(7,695)

  
26,988
(7,694)


Page 1


 
RANDOLPHS LIMITED
REGISTERED NUMBER:03991770

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 on 25 September 2024.




................................................
S J Randolph
Director

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

Page 2


 
RANDOLPHS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Randolphs Limited is incorporated and domiciled in England and Wales. The principal place of business  is 7-8 Henrietta Street, London, WC2E 8PW. The Registered Office is Harwood House, 43 Harwood Road, London, SW6 4QP.

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

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:

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3


 
RANDOLPHS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 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.

 
2.7

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.

Page 4


 
RANDOLPHS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
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 method.

Depreciation is provided on the following basis:

Fixtures, fittings & equipment
-
20%
straight line

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

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 40 (2022 - 45).

Page 5


 
RANDOLPHS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures, fittings & equipment

£



Cost or valuation


At 1 January 2023
27,690


Additions
5,697



At 31 December 2023

33,387



Depreciation


At 1 January 2023
22,881


Charge for the year on owned assets
3,179



At 31 December 2023

26,060



Net book value



At 31 December 2023
7,327



At 31 December 2022
4,809


5.


Debtors

2023
2022
£
£


Trade debtors
133,003
145,324

Other debtors
97,140
96

Prepayments and accrued income
13,500
12,557

243,643
157,977


Page 6


 
RANDOLPHS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
20,000
20,000

Trade creditors
25,169
35,059

Corporation tax
7,796
31,322

Other taxation and social security
158,460
156,086

Other creditors
18,640
15,146

Accruals and deferred income
5,500
5,500

235,565
263,113



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
38,333
58,333

38,333
58,333



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
20,000
20,000


20,000
20,000


Amounts falling due 2-5 years

Bank loans
38,333
58,333


38,333
58,333


58,333
78,333


On 24 November 2020 the company received a £100,000 Coronavirus Business Interruption Loan. The applicable interest rate is 2.81% over base. No interest or loan repayments were payable for the first twelve months. Capital repayments commenced in November 2021 and the loan capital will be repaid in sixty equal monthly installments.

Page 7


 
RANDOLPHS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



10.


Pension commitments

The Company operates a defined contribution pension scheme for staff. 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 £13,703 (31 December 2022 - £10,968). Contributions totalling £2,788 (31 December 2022 - £2,384) were payable to the fund at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022

£
£


Not later than 1 year
10,855
15,174

Later than 1 year and not later than 5 years
16,979
8,348

27,834
23,522

 
Page 8