Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity1410falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC489989 2023-02-01 2024-01-31 SC489989 2022-02-01 2023-01-31 SC489989 2024-01-31 SC489989 2023-01-31 SC489989 c:Director1 2023-02-01 2024-01-31 SC489989 c:Director2 2023-02-01 2024-01-31 SC489989 c:Director3 2023-02-01 2024-01-31 SC489989 c:Director4 2023-02-01 2024-01-31 SC489989 c:Director5 2023-02-01 2024-01-31 SC489989 c:RegisteredOffice 2023-02-01 2024-01-31 SC489989 d:MotorVehicles 2023-02-01 2024-01-31 SC489989 d:MotorVehicles 2024-01-31 SC489989 d:MotorVehicles 2023-01-31 SC489989 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC489989 d:ComputerEquipment 2023-02-01 2024-01-31 SC489989 d:ComputerEquipment 2024-01-31 SC489989 d:ComputerEquipment 2023-01-31 SC489989 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC489989 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC489989 d:ComputerSoftware 2024-01-31 SC489989 d:ComputerSoftware 2023-01-31 SC489989 d:CurrentFinancialInstruments 2024-01-31 SC489989 d:CurrentFinancialInstruments 2023-01-31 SC489989 d:Non-currentFinancialInstruments 2024-01-31 SC489989 d:Non-currentFinancialInstruments 2023-01-31 SC489989 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC489989 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC489989 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 SC489989 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 SC489989 d:ShareCapital 2024-01-31 SC489989 d:ShareCapital 2023-01-31 SC489989 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC489989 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC489989 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC489989 c:OrdinaryShareClass1 2024-01-31 SC489989 c:OrdinaryShareClass1 2023-01-31 SC489989 c:FRS102 2023-02-01 2024-01-31 SC489989 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC489989 c:FullAccounts 2023-02-01 2024-01-31 SC489989 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC489989 d:ComputerSoftware d:OwnedIntangibleAssets 2023-02-01 2024-01-31 SC489989 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC489989










MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
 

COMPANY INFORMATION


Directors
Mrs C L Middlebrook 
Mr C Middlebrook 
Mr G White 
Mrs M R F White 
Mr D P Colman 




Registered number
SC489989



Registered office
14-18 Hill Street

Edinburgh

EH2 3JZ





 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
REGISTERED NUMBER: SC489989

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
5,882
6,582

Tangible assets
 5 
179,176
1,925

  
185,058
8,507

Current assets
  

Stocks
  
1,300,338
1,187,320

Debtors: amounts falling due within one year
 6 
78,959
95,134

Cash at bank and in hand
  
2
-

  
1,379,299
1,282,454

Creditors: amounts falling due within one year
 7 
(540,125)
(740,498)

Net current assets
  
 
 
839,174
 
 
541,956

Total assets less current liabilities
  
1,024,232
550,463

Creditors: amounts falling due after more than one year
 8 
(234,871)
(91,000)

Provisions for liabilities
  

Deferred tax
  
-
(279)

  
 
 
-
 
 
(279)

Net assets
  
789,361
459,184


Capital and reserves
  

Called up share capital 
 9 
10
10

Profit and loss account
  
789,351
459,174

  
789,361
459,184


Page 1

 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
REGISTERED NUMBER: SC489989

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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: 




Mrs C L Middlebrook
Director

Date: 24 September 2024

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

Page 2

 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
 

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

1.


General information

Middlebrooks Business Recovery & Advice Limited is a private company limited by shares, incorporated in
Scotland with the registration number SC489989. The registered office is 14-18 Hill Street, Edinburgh, Scotland, EH2 3JZ.
The Company's functional and presentational currency is GBP.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services 
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

 
2.3

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

  
2.6

Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment                       33.3% straight line
Motor Vehicles                                20.0% straight line

 
2.7

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.


Page 4

 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

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 14 (2023 - 10).

Page 5

 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
 

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

4.


Intangible assets




Intellectual Property

£



Cost


At 1 February 2023
7,000



At 31 January 2024

7,000



Amortisation


At 1 February 2023
418


Charge for the year on owned assets
700



At 31 January 2024

1,118



Net book value



At 31 January 2024
5,882



At 31 January 2023
6,582




5.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
-
29,244
29,244


Additions
208,285
3,081
211,366



At 31 January 2024

208,285
32,325
240,610



Depreciation


At 1 February 2023
-
27,319
27,319


Charge for the year on owned assets
32,951
1,164
34,115



At 31 January 2024

32,951
28,483
61,434



Net book value



At 31 January 2024
175,334
3,842
179,176



At 31 January 2023
-
1,925
1,925

Page 6

 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
49,770
66,130

Other debtors
13,446
22,550

Prepayments and accrued income
14,027
6,454

Deferred taxation
1,716
-

78,959
95,134



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
16,041
81,318

Other loans
39,000
59,884

Trade creditors
35,594
43,834

Other taxation and social security
265,217
341,550

Obligations under finance lease and hire purchase contracts
18,240
-

Other creditors
149,696
209,687

Accruals and deferred income
16,337
4,225

540,125
740,498


Bank overdrafts are secured by a floating charge over the property owned by the company and undertakings of the company.
Hire purchase obligations are secured over the assets to which they relate.

Page 7

 
MIDDLEBROOKS BUSINESS RECOVERY & ADVICE LIMITED
 

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

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
52,000
91,000

Net obligations under finance leases and hire purchase contracts
182,871
-

234,871
91,000


Hire purchase obligations are secured over the assets to which they relate.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordindary shares of £1.00 each
10
10



Page 8