Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity1212truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07496144 2023-02-01 2024-01-31 07496144 2022-02-01 2023-01-31 07496144 2024-01-31 07496144 2023-01-31 07496144 2022-02-01 07496144 c:Director2 2023-02-01 2024-01-31 07496144 d:Buildings 2023-02-01 2024-01-31 07496144 d:Buildings 2024-01-31 07496144 d:Buildings 2023-01-31 07496144 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07496144 d:PlantMachinery 2023-02-01 2024-01-31 07496144 d:PlantMachinery 2024-01-31 07496144 d:PlantMachinery 2023-01-31 07496144 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07496144 d:MotorVehicles 2023-02-01 2024-01-31 07496144 d:MotorVehicles 2024-01-31 07496144 d:MotorVehicles 2023-01-31 07496144 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07496144 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 07496144 d:CurrentFinancialInstruments 2024-01-31 07496144 d:CurrentFinancialInstruments 2023-01-31 07496144 d:Non-currentFinancialInstruments 2024-01-31 07496144 d:Non-currentFinancialInstruments 2023-01-31 07496144 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07496144 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07496144 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 07496144 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07496144 d:ShareCapital 2024-01-31 07496144 d:ShareCapital 2023-01-31 07496144 d:RetainedEarningsAccumulatedLosses 2024-01-31 07496144 d:RetainedEarningsAccumulatedLosses 2023-01-31 07496144 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 07496144 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 07496144 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 07496144 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 07496144 c:OrdinaryShareClass1 2023-02-01 2024-01-31 07496144 c:OrdinaryShareClass1 2024-01-31 07496144 c:OrdinaryShareClass1 2023-01-31 07496144 c:OrdinaryShareClass2 2023-02-01 2024-01-31 07496144 c:OrdinaryShareClass2 2024-01-31 07496144 c:OrdinaryShareClass2 2023-01-31 07496144 c:OrdinaryShareClass3 2023-02-01 2024-01-31 07496144 c:OrdinaryShareClass3 2024-01-31 07496144 c:OrdinaryShareClass3 2023-01-31 07496144 c:FRS102 2023-02-01 2024-01-31 07496144 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07496144 c:FullAccounts 2023-02-01 2024-01-31 07496144 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07496144 d:HirePurchaseContracts d:WithinOneYear 2024-01-31 07496144 d:HirePurchaseContracts d:WithinOneYear 2023-01-31 07496144 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-01-31 07496144 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-01-31 07496144 d:HirePurchaseContracts d:MoreThanFiveYears 2024-01-31 07496144 d:HirePurchaseContracts d:MoreThanFiveYears 2023-01-31 07496144 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-31 07496144 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-31 07496144 d:LeasedAssetsHeldAsLessee 2024-01-31 07496144 d:LeasedAssetsHeldAsLessee 2023-01-31 07496144 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07496144










SUCKLEY REDNAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
SUCKLEY REDNAL LIMITED
REGISTERED NUMBER: 07496144

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
                                                                    Note
£
£

Fixed assets
  

Tangible assets
 4 
8,944,917
7,233,442

  
8,944,917
7,233,442

Current assets
  

Stocks
  
823,663
10,416

Debtors: amounts falling due within one year
 5 
3,814,457
4,594,968

Cash at bank and in hand
  
8,964
279,788

  
4,647,084
4,885,172

Creditors: amounts falling due within one year
 6 
(1,893,158)
(2,195,604)

Net current assets
  
 
 
2,753,926
 
 
2,689,568

Total assets less current liabilities
  
11,698,843
9,923,010

Creditors: amounts falling due after more than one year
 7 
(2,654,487)
(3,141,578)

Provisions for liabilities
  

Deferred tax
 9 
(1,522,173)
(950,579)

  
 
 
(1,522,173)
 
 
(950,579)

Net assets
  
7,522,183
5,830,853


Capital and reserves
  

Called up share capital 
 10 
1,155,200
1,155,200

Profit and loss account
  
6,366,983
4,675,653

  
7,522,183
5,830,853


Page 1

 
SUCKLEY REDNAL LIMITED
REGISTERED NUMBER: 07496144
    
BALANCE SHEET (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 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 C A Suckley-Bright
Director

Date: 30 October 2024

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

Page 2

 
SUCKLEY REDNAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Suckley Rednal Limited (company number 07496144) is a private limited company, limited by shares, registered in England and Wales. The registered office and trading address of the company is Hopton Farm, Nesscliffe, Shrewsbury, Shropshire, SY4 1DJ. The accounts have been prepared under historical cost convention. 
The comparative figures relate to the year ended 31 January 2023.

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.

 
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

 
SUCKLEY REDNAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
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.

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.

 
2.4

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.

 
2.5

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.

 
2.6

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

 
SUCKLEY REDNAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.6
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
-
10-25% reducing balance
Motor vehicles
-
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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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

 
SUCKLEY REDNAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 February 2023
956,116
9,886,033
260,991
11,103,140


Additions
-
3,522,746
15,995
3,538,741


Disposals
-
(776,777)
(24,613)
(801,390)



At 31 January 2024

956,116
12,632,002
252,373
13,840,491



Depreciation


At 1 February 2023
-
3,766,414
103,284
3,869,698


Charge for the year on owned assets
-
1,382,801
40,061
1,422,862


Disposals
-
(376,781)
(20,205)
(396,986)



At 31 January 2024

-
4,772,434
123,140
4,895,574



Net book value



At 31 January 2024
956,116
7,859,568
129,233
8,944,917



At 31 January 2023
956,116
6,119,619
157,707
7,233,442

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


Page 6

 
SUCKLEY REDNAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

           4.Tangible fixed assets (continued)

2024
2023
£
£



Plant and machinery
5,579,042
5,022,962

5,579,042
5,022,962

Page 7

 
SUCKLEY REDNAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
3,725,365
4,571,094

VAT repayable
81,180
-

Prepayments and accrued income
7,912
23,874

3,814,457
4,594,968



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
283,411
852,707

VAT payable
-
103,200

Loan from connected business
11,021
10,975

Other taxation and social security
8,045
6,668

Obligations under finance lease and hire purchase contracts
1,590,681
1,222,054

1,893,158
2,195,604



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
2,654,487
3,141,578

2,654,487
3,141,578


Page 8

 
SUCKLEY REDNAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
1,590,681
1,222,054

Between 1-2 years
1,290,561
1,237,135

Between 2-5 years
1,363,926
1,904,443

4,245,168
4,363,632


9.


Deferred taxation




2024
2023


£

£






At beginning of year
(950,579)
(580,634)


Charged to profit or loss
(571,594)
(369,945)



At end of year
(1,522,173)
(950,579)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,995,334)
(1,567,347)

Tax losses carried forward
473,161
616,768

(1,522,173)
(950,579)

Page 9

 
SUCKLEY REDNAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary A shares of £1.00 each
100
100
100 (2023 - 100) Ordinary B shares of £1.00 each
100
100
1,155,000 (2023 - 1,155,000) Ordinary C shares of £1.00 each
1,155,000
1,155,000

1,155,200

1,155,200



11.


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 £2,369 (2023 - £1,948) . Contributions totalling £143 (2023 - £223) were payable to the fund at the balance sheet date and are included in creditors.


12.


Transactions with directors

The Company land and buildings (including plant and machinery) are provided as security for borrowings of a connected unincorporated Partnership. The Company has charged a fee of £27,000 (2023: £27,000) to the connected Partnership for the provision of this security. This is based on a rate of 1.5% of the security provided for the year, which totals £1,800,000 (2023: £1,800,000).
 


13.


Related party transactions

At 31 January 2024, the Company had the following outstanding balances with connected unincorporated Partnerships:
Trade debtors for the sum of £3,481,528 (2023: £4,486,903)
Trade creditors for the sum of £0 (2023: £214,631)
Loan from Partnership in the sum of £11,021 (2023: £10,975)

 
Page 10