Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity12falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01689700 2023-01-01 2023-12-31 01689700 2022-01-01 2022-12-31 01689700 2023-12-31 01689700 2022-12-31 01689700 c:Director1 2023-01-01 2023-12-31 01689700 d:MotorVehicles 2023-01-01 2023-12-31 01689700 d:MotorVehicles 2023-12-31 01689700 d:MotorVehicles 2022-12-31 01689700 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01689700 d:OfficeEquipment 2023-01-01 2023-12-31 01689700 d:OfficeEquipment 2023-12-31 01689700 d:OfficeEquipment 2022-12-31 01689700 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01689700 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01689700 d:CurrentFinancialInstruments 2023-12-31 01689700 d:CurrentFinancialInstruments 2022-12-31 01689700 d:Non-currentFinancialInstruments 2023-12-31 01689700 d:Non-currentFinancialInstruments 2022-12-31 01689700 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01689700 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01689700 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01689700 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01689700 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 01689700 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 01689700 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 01689700 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 01689700 d:ShareCapital 2023-12-31 01689700 d:ShareCapital 2022-12-31 01689700 d:RetainedEarningsAccumulatedLosses 2023-12-31 01689700 d:RetainedEarningsAccumulatedLosses 2022-12-31 01689700 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01689700 c:OrdinaryShareClass1 2023-12-31 01689700 c:FRS102 2023-01-01 2023-12-31 01689700 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01689700 c:FullAccounts 2023-01-01 2023-12-31 01689700 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01689700 d:WithinOneYear 2023-12-31 01689700 d:WithinOneYear 2022-12-31 01689700 e:PoundSterling 2023-01-01 2023-12-31 01689700 d:EntityControlledByKeyManagementPersonnel2 2023-01-01 2023-12-31 01689700 d:EntityControlledByKeyManagementPersonnel2 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01689700









T. ROGERS & CO. (PACKERS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
T. ROGERS & CO. (PACKERS) LIMITED
REGISTERED NUMBER: 01689700

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023


2023

2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
5,219
6,170

  
5,219
6,170

Current assets
  

Debtors: amounts falling due within one year
 5 
21,466
31,848

Cash at bank and in hand
 6 
140,573
163,907

  
162,039
195,755

Creditors: amounts falling due within one year
 7 
(60,414)
(82,786)

Net current assets
  
 
 
101,625
 
 
112,969

Total assets less current liabilities
  
106,844
119,139

Creditors: amounts falling due after more than one year
 8 
(18,667)
(26,667)

  

Net assets
  
88,177
92,472


Capital and reserves
  

Called up share capital 
 10 
228,904
228,904

Profit and loss account
  
(140,727)
(136,432)

  
88,177
92,472


Page 1

 
T. ROGERS & CO. (PACKERS) LIMITED
REGISTERED NUMBER: 01689700
    
STATEMENT OF FINANCIAL POSITION (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.



R J Pepprell
Director


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

Page 2

 
T. ROGERS & CO. (PACKERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

T. Rogers & Co. (Packers) Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 1A Broughton Street, London, SW8 3QJ.
The company specialises in shipping, forwarding and storage.

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

Going concern

The financial statements have been prepared on the going concern basis.
The parent company has provided the company with an undertaking that it will continue to support the company and will not seek to withdraw any funds from the company for the foreseeable future, which will enable it to meet its liabilities as they fall due.
On this basis the director believes it remains appropriate to prepare the financial statements on the going concern basis.

 
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:
Rendering of services
Revenue from a contract to provide services is recognised in the year 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; and
• the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
T. ROGERS & CO. (PACKERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

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:

Motor vehicles
-
20% reducing balance
Furniture, fittings and equipment
-
15% 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 the Statement of comprehensive income.

 
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.

 
2.7

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.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income 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.

Page 4

 
T. ROGERS & CO. (PACKERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.10

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.11

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 the Statement of comprehensive income 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.

 
2.12

Taxation

Tax is recognised in the Statement of comprehensive income 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).

Page 5

 
T. ROGERS & CO. (PACKERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Furniture, fittings and equipment
Total

£
£
£



Cost


At 1 January 2023
12,100
7,906
20,006



At 31 December 2023

12,100
7,906
20,006



Depreciation


At 1 January 2023
6,452
7,384
13,836


Charge for the year
847
104
951



At 31 December 2023

7,299
7,488
14,787



Net book value



At 31 December 2023
4,801
418
5,219



At 31 December 2022
5,648
522
6,170

Page 6

 
T. ROGERS & CO. (PACKERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
6,139
18,366

Amounts owed by group undertakings
7,400
-

Prepayments and accrued income
7,927
13,482

21,466
31,848



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
140,573
163,907

140,573
163,907



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
8,000
8,000

Trade creditors
28,929
47,057

Amounts owed to group undertakings
-
5,100

Other taxation and social security
7,714
6,603

Other creditors
8,838
6,632

Accruals and deferred income
6,933
9,394

60,414
82,786



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,667
26,667

18,667
26,667


Page 7

 
T. ROGERS & CO. (PACKERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
8,000
8,000

Amounts falling due 1-2 years

Bank loans
8,000
8,000

Amounts falling due 2-5 years

Bank loans
10,667
18,667


26,667
34,667



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



228,904  Ordinary shares of £1 each
228,904
228,904



11.


Contingent liabilities

The company has given counter indemnity to its bankers in respect of a guarantee for payment of sums due to the International Air Transport Association. The maximum potential liability under this guarantee amounts to £25,000 (2022 - £25,000).


12.


Pension commitments

The company operates a group personal pension scheme for its employees. The assets of the scheme are held separately from the company in an independently administered fund. The annual commitment under the scheme is for the contributions of £2,310 (2022 - £2,310).

Page 8

 
T. ROGERS & CO. (PACKERS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


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
-
23,333

-
23,333


14.


Related party transactions

The total balance owed by the parent company at year end was £7,400 (2022 - £5,100 owed to).
 
At the year end the company owed £6,632 (2022 - £6,632) to the director.
 


15.


Ultimate parent undertaking and controlling party

The company is a wholly owned subsidiary of T. Rogers & Co. (Holdings) Limited. The ultimate controlling party is the director by virtue of his majority shareholding in the parent company.

 
Page 9