Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05945470 2023-04-01 2024-03-31 05945470 2022-04-01 2023-03-31 05945470 2024-03-31 05945470 2023-03-31 05945470 2022-04-01 05945470 c:Director2 2023-04-01 2024-03-31 05945470 d:Buildings 2023-04-01 2024-03-31 05945470 d:Buildings 2024-03-31 05945470 d:Buildings 2023-03-31 05945470 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05945470 d:PlantMachinery 2023-04-01 2024-03-31 05945470 d:PlantMachinery 2024-03-31 05945470 d:PlantMachinery 2023-03-31 05945470 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05945470 d:MotorVehicles 2023-04-01 2024-03-31 05945470 d:MotorVehicles 2024-03-31 05945470 d:MotorVehicles 2023-03-31 05945470 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05945470 d:OfficeEquipment 2023-04-01 2024-03-31 05945470 d:OfficeEquipment 2024-03-31 05945470 d:OfficeEquipment 2023-03-31 05945470 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05945470 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05945470 d:CurrentFinancialInstruments 2024-03-31 05945470 d:CurrentFinancialInstruments 2023-03-31 05945470 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05945470 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05945470 d:ShareCapital 2024-03-31 05945470 d:ShareCapital 2023-03-31 05945470 d:RetainedEarningsAccumulatedLosses 2024-03-31 05945470 d:RetainedEarningsAccumulatedLosses 2023-03-31 05945470 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05945470 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05945470 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05945470 c:OrdinaryShareClass1 2024-03-31 05945470 c:OrdinaryShareClass1 2023-03-31 05945470 c:FRS102 2023-04-01 2024-03-31 05945470 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05945470 c:FullAccounts 2023-04-01 2024-03-31 05945470 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05945470 d:WithinOneYear 2024-03-31 05945470 d:WithinOneYear 2023-03-31 05945470 2 2023-04-01 2024-03-31 05945470 6 2023-04-01 2024-03-31 05945470 7 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05945470










3JC LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
3JC LIMITED
REGISTERED NUMBER: 05945470

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
                                                                     Note
£
£

Fixed assets
  

Tangible assets
 4 
653,621
678,754

Investments
 5 
200
200

  
653,821
678,954

Current assets
  

Stocks
  
841,588
694,492

Debtors: amounts falling due within one year
 6 
282,449
222,296

Cash at bank and in hand
  
131,994
283,921

  
1,256,031
1,200,709

Creditors: amounts falling due within one year
 7 
(246,166)
(238,448)

Net current assets
  
 
 
1,009,865
 
 
962,261

Total assets less current liabilities
  
1,663,686
1,641,215

Provisions for liabilities
  

Deferred tax
 8 
(26,296)
(32,579)

  
 
 
(26,296)
 
 
(32,579)

Net assets
  
1,637,390
1,608,636


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,637,290
1,608,536

  
1,637,390
1,608,636


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.
 
Page 1

 
3JC LIMITED
REGISTERED NUMBER: 05945470
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


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 profit and loss account 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 J A Cartwright
Director

Date: 9 August 2024

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

Page 2

 
3JC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

3JC Limited (company number 5945470) is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Ryton Farm, Ryton, Shrewsbury, Shropshire, SY5 7LY.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

After making enquiries, the Directors have reasonable expectation that the Company has adequate reserves to continue to trade for the forseeable future, and therefore continue to adopt the going concern basis in preparing the Accounts.

 
2.4

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.

 
2.5

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.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
3JC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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

 
3JC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Land and buildings
-
Not depreciated
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Furniture, fixtures and office equipment
-
25%
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 profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

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 balance sheet 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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

Page 5

 
3JC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.17

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
2.18

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 5 (2023 - 5).

Page 6

 
3JC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Furniture, fixtures and office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
561,272
218,356
228,692
63,361
1,071,681


Additions
-
5,659
-
-
5,659



At 31 March 2024

561,272
224,015
228,692
63,361
1,077,340



Depreciation


At 1 April 2023
-
161,113
181,850
49,964
392,927


Charge for the year on owned assets
-
15,728
11,711
3,353
30,792



At 31 March 2024

-
176,841
193,561
53,317
423,719



Net book value



At 31 March 2024
561,272
47,174
35,131
10,044
653,621



At 31 March 2023
561,272
57,243
46,842
13,397
678,754

Page 7

 
3JC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
200



At 31 March 2024
200






Net book value



At 31 March 2024
200



At 31 March 2023
200


6.


Debtors

2024
2023
£
£


Trade debtors
74,633
84,412

Amounts owed by group undertakings
198,842
129,187

Prepayments and accrued income
8,974
8,697

282,449
222,296



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
170,601
178,626

Amounts owed to group undertakings
100
100

Corporation tax
14,613
3,200

Other taxation and social security
13,648
13,210

Other creditors
42,367
38,660

Accruals and deferred income
4,837
4,652

246,166
238,448


Page 8

 
3JC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
(32,579)
(22,557)


Charged to profit or loss
6,283
(10,022)



At end of year
(26,296)
(32,579)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(26,296)
(32,579)

(26,296)
(32,579)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


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
41,900
40,750

41,900
40,750

 
Page 9