Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3122023-02-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10243248 2023-02-01 2024-01-31 10243248 2021-12-01 2023-01-31 10243248 2024-01-31 10243248 2023-01-31 10243248 c:Director1 2023-02-01 2024-01-31 10243248 d:PlantMachinery 2023-02-01 2024-01-31 10243248 d:PlantMachinery 2024-01-31 10243248 d:PlantMachinery 2023-01-31 10243248 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10243248 d:MotorVehicles 2023-02-01 2024-01-31 10243248 d:MotorVehicles 2024-01-31 10243248 d:MotorVehicles 2023-01-31 10243248 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10243248 d:OfficeEquipment 2023-02-01 2024-01-31 10243248 d:OfficeEquipment 2024-01-31 10243248 d:OfficeEquipment 2023-01-31 10243248 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10243248 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 10243248 d:CurrentFinancialInstruments 2024-01-31 10243248 d:CurrentFinancialInstruments 2023-01-31 10243248 d:Non-currentFinancialInstruments 2024-01-31 10243248 d:Non-currentFinancialInstruments 2023-01-31 10243248 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10243248 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10243248 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 10243248 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 10243248 d:ShareCapital 2024-01-31 10243248 d:ShareCapital 2023-01-31 10243248 d:RetainedEarningsAccumulatedLosses 2024-01-31 10243248 d:RetainedEarningsAccumulatedLosses 2023-01-31 10243248 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 10243248 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 10243248 c:OrdinaryShareClass1 2023-02-01 2024-01-31 10243248 c:OrdinaryShareClass1 2024-01-31 10243248 c:OrdinaryShareClass1 2023-01-31 10243248 c:OrdinaryShareClass2 2023-02-01 2024-01-31 10243248 c:OrdinaryShareClass2 2024-01-31 10243248 c:OrdinaryShareClass2 2023-01-31 10243248 c:OrdinaryShareClass3 2023-02-01 2024-01-31 10243248 c:OrdinaryShareClass3 2024-01-31 10243248 c:OrdinaryShareClass3 2023-01-31 10243248 c:FRS102 2023-02-01 2024-01-31 10243248 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10243248 c:FullAccounts 2023-02-01 2024-01-31 10243248 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10243248 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10243248









LARKSPUR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
LARKSPUR LIMITED
REGISTERED NUMBER: 10243248

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
119,615
42,027

CURRENT ASSETS
  

Stocks
  
610,784
937,358

Debtors: amounts falling due within one year
 5 
135,911
45,252

Cash at bank and in hand
  
133,571
1,312,151

  
880,266
2,294,761

Creditors: amounts falling due within one year
 6 
(482,676)
(825,995)

NET CURRENT ASSETS
  
 
 
397,590
 
 
1,468,766

Creditors: amounts falling due after more than one year
 7 
(19,908)
(30,099)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(8,943)
-

NET ASSETS
  
488,354
1,480,694


CAPITAL AND RESERVES
  

Called up share capital 
 9 
110
110

Profit and loss account
  
488,244
1,480,584

  
488,354
1,480,694


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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
LARKSPUR LIMITED
REGISTERED NUMBER: 10243248
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr C M Debnam
Director

Date: 31 October 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

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

1.


GENERAL INFORMATION

Larkspur Limited is a private company limited by shares and incorporated in England. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA. 
The Company's functional and presentational currency is GBP and the financial statements are rounded to the nearest pound.

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:

Revenue from the sales of property are recognised on exchange of contracts. 

 
2.3

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 the following bases.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Straight line
Motor vehicles
-
25%
Reducing balance
Office equipment
-
33%
Straight line

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.

Page 3

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

WORK IN PROGRESS

Work in progress is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Revenue is not recognised until there is an enforceable contract to sell at the balance sheet date.



 
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

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.

 
2.7

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.

 
2.8

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.

 
2.9

BORROWING COSTS

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

Page 4

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

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

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

Page 5

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

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 February 2023
31,140
82,220
4,819
118,179


Additions
-
102,247
936
103,183



At 31 January 2024

31,140
184,467
5,755
221,362



DEPRECIATION


At 1 February 2023
20,592
52,430
3,130
76,152


Charge for the year on owned assets
8,011
15,969
1,615
25,595



At 31 January 2024

28,603
68,399
4,745
101,747



NET BOOK VALUE



At 31 January 2024
2,537
116,068
1,010
119,615



At 31 January 2023
10,548
29,790
1,689
42,027


5.


DEBTORS

2024
2023
£
£


Other debtors
119,261
45,252

Prepayments and accrued income
16,650
-

135,911
45,252


Page 6

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

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
10,015
9,768

Other loans
111,000
551,000

Trade creditors
27,947
44,702

Amounts owed to group undertakings
2,664
1,028

Other taxation and social security
111,877
180,744

Obligations under finance lease and hire purchase contracts
178
1,997

Other creditors
212,670
1,537

Accruals and deferred income
6,325
35,219

482,676
825,995


Included in bank loans is a Government backed 'bounce back' loan of £10,015 (2023 - £9,768), which is repayable in monthly instalments with interest being charged at 2.5%.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
19,908
29,922

Obligations under finance leases and hire purchase contracts
-
177

19,908
30,099


Included in bank loans is a Government backed 'bounce back' loan of £19,908 (2023 - £29,922), which is repayable in monthly instalments with interest being charged at 2.5%.

Page 7

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

8.


DEFERRED TAXATION




2024


£






Charged to profit or loss
(8,943)



AT END OF YEAR
(8,943)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
8,943
-

8,943
-


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



94 (2023 - 94) Ordinary shares of £1.00 each
94
94
10 (2023 - 10) A Ordinary shares of £1.00 each
10
10
6 (2023 - 6) B Ordinary shares of £1.00 each
6
6

110

110


 
Page 8