Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01truefalseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09976250 2023-04-01 2024-03-31 09976250 2022-04-01 2023-03-31 09976250 2024-03-31 09976250 2023-03-31 09976250 2022-04-01 09976250 c:Director1 2023-04-01 2024-03-31 09976250 c:Director2 2023-04-01 2024-03-31 09976250 d:MotorVehicles 2023-04-01 2024-03-31 09976250 d:MotorVehicles 2024-03-31 09976250 d:MotorVehicles 2023-03-31 09976250 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09976250 d:FurnitureFittings 2023-04-01 2024-03-31 09976250 d:FurnitureFittings 2024-03-31 09976250 d:FurnitureFittings 2023-03-31 09976250 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09976250 d:OfficeEquipment 2023-04-01 2024-03-31 09976250 d:OfficeEquipment 2024-03-31 09976250 d:OfficeEquipment 2023-03-31 09976250 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09976250 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09976250 d:Goodwill 2023-04-01 2024-03-31 09976250 d:Goodwill 2024-03-31 09976250 d:Goodwill 2023-03-31 09976250 d:CurrentFinancialInstruments 2024-03-31 09976250 d:CurrentFinancialInstruments 2023-03-31 09976250 d:Non-currentFinancialInstruments 2024-03-31 09976250 d:Non-currentFinancialInstruments 2023-03-31 09976250 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09976250 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09976250 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09976250 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09976250 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09976250 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09976250 d:ShareCapital 2024-03-31 09976250 d:ShareCapital 2023-03-31 09976250 d:RetainedEarningsAccumulatedLosses 2024-03-31 09976250 d:RetainedEarningsAccumulatedLosses 2023-03-31 09976250 c:OrdinaryShareClass2 2023-04-01 2024-03-31 09976250 c:OrdinaryShareClass2 2024-03-31 09976250 c:OrdinaryShareClass2 2023-03-31 09976250 c:OrdinaryShareClass3 2023-04-01 2024-03-31 09976250 c:OrdinaryShareClass3 2024-03-31 09976250 c:OrdinaryShareClass3 2023-03-31 09976250 c:FRS102 2023-04-01 2024-03-31 09976250 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09976250 c:FullAccounts 2023-04-01 2024-03-31 09976250 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09976250 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 09976250 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09976250 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 09976250 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 09976250 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 09976250 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09976250 2 2023-04-01 2024-03-31 09976250 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 09976250 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09976250














P & J BREEN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
P & J BREEN LIMITED
REGISTERED NUMBER: 09976250

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
                                                                                                               Note

Fixed assets
  

Intangible assets
 4 
19,167
29,167

Tangible assets
 5 
48,768
64,333

  
67,935
93,500

Current assets
  

Debtors: amounts falling due within one year
 6 
162,457
252,322

Cash at bank and in hand
  
612,471
456,883

  
774,928
709,205

Creditors: amounts falling due within one year
 7 
(103,992)
(46,197)

Net current assets
  
 
 
670,936
 
 
663,008

Total assets less current liabilities
  
738,871
756,508

Creditors: amounts falling due after more than one year
 8 
(54,816)
(85,096)

Provisions for liabilities
  

Deferred tax
 11 
(11,165)
(14,988)

Net assets
  
£672,890
£656,424


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
672,790
656,324

  
£672,890
£656,424


Page 1

 
P & J BREEN LIMITED
REGISTERED NUMBER: 09976250

BALANCE SHEET (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 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 on 21 October 2024.




___________________________
P Breen
___________________________
J Breen
Director
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
P & J BREEN LIMITED
 

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

1.


General information

P & J Breen Limited is a private company limited by shares incorporated in England and Wales. The registered office is Henwood House, Henwood, Ashford, Kent, TN24 8DH. The principal place of business iis The Airport Cafe, Main Road, Sellindge, Ashford, Kent. TN25 6DA.

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

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.

Page 3

 
P & J BREEN LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other 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.

 
2.4

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.

Depreciation is provided on the following basis:

Motor vehicles
-
20% straight line basis
Fixtures and fittings
-
15% reducing balance basis
Office equipment
-
20% straight line basis

 
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.

Page 4

 
P & J BREEN LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Interest income

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

 
2.12

Borrowing costs

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

 
2.13

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.

Page 5

 
P & J BREEN LIMITED
 

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

2.Accounting policies (continued)

 
2.14

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.


3.


Employees

2024
2023

Wages and salaries
53,422
52,207

Cost of defined contribution scheme
1,006
952

£54,428
£53,159


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
P & J BREEN LIMITED
 

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

4.


Intangible assets




Goodwill



Cost


At 1 April 2023
100,000



At 31 March 2024

100,000



Amortisation


At 1 April 2023
70,833


Charge for the year on owned assets
10,000



At 31 March 2024

80,833



Net book value



At 31 March 2024
£19,167



At 31 March 2023
£29,167




5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total



Cost or valuation


At 1 April 2023
73,805
26,312
541
100,658


Additions
-
133
493
626



At 31 March 2024

73,805
26,445
1,034
101,284



Depreciation


At 1 April 2023
18,451
17,775
99
36,325


Charge for the year on owned assets
14,761
1,301
128
16,190



At 31 March 2024

33,212
19,076
227
52,515



Net book value



At 31 March 2024
£40,593
£7,369
£807
£48,769



At 31 March 2023
£55,354
£8,537
£442
£64,333

Page 7

 
P & J BREEN LIMITED
 

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

6.


Debtors

2024
2023


Trade debtors
16,566
12,548

Other debtors
143,707
236,234

Prepayments and accrued income
2,184
3,540

£162,457
£252,322



7.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
10,200
19,556

Trade creditors
969
243

Corporation tax
10,067
15,329

Other taxation and social security
8,711
7,851

Obligations under finance lease and hire purchase contracts
251
335

Other creditors
69,643
160

Accruals and deferred income
4,151
2,723

£103,992
£46,197



8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
16,466
46,494

Net obligations under finance leases and hire purchase contracts
38,350
38,602

£54,816
£85,096


The hire purchase loan is secured over the related asset.

Page 8

 
P & J BREEN LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
10,200
19,556


10,200
19,556


Amounts falling due 2-5 years

Bank loans
16,467
46,494


16,467
46,494


£26,667
£66,050



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023


Within one year
251
335

Between 1-5 years
38,350
38,602

£38,601
£38,937


11.


Deferred taxation




2024
2023





At beginning of year
(14,988)
(18,704)


Charged to the profit or loss
3,822
3,716



At end of year
£(11,166)
£(14,988)

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
£11,166
£14,988

Page 9

 
P & J BREEN LIMITED
 

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

12.


Share capital

2024
2023
Allotted, called up and fully paid



50 (2023 - 50) A Ordinary shares of £1.00 each
50
50
50 (2023 - 50) B Ordinary shares of £1.00 each
50
50

£100

£100



13.


Pension commitments

The Company operates a defined contributions pension scheme. 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 £1,006 (2023: £952). Contributions totalling £221 (2023: £160) were payable to the fund at the balance sheet date and are included in creditors.

Page 10