Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity2221truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01942616 2023-04-01 2024-03-31 01942616 2022-04-01 2023-03-31 01942616 2024-03-31 01942616 2023-03-31 01942616 c:Director1 2023-04-01 2024-03-31 01942616 d:FurnitureFittings 2023-04-01 2024-03-31 01942616 d:FurnitureFittings 2024-03-31 01942616 d:FurnitureFittings 2023-03-31 01942616 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01942616 d:CurrentFinancialInstruments 2024-03-31 01942616 d:CurrentFinancialInstruments 2023-03-31 01942616 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01942616 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01942616 d:ShareCapital 2024-03-31 01942616 d:ShareCapital 2023-03-31 01942616 d:SharePremium 2024-03-31 01942616 d:SharePremium 2023-03-31 01942616 d:CapitalRedemptionReserve 2024-03-31 01942616 d:CapitalRedemptionReserve 2023-03-31 01942616 d:RetainedEarningsAccumulatedLosses 2024-03-31 01942616 d:RetainedEarningsAccumulatedLosses 2023-03-31 01942616 c:FRS102 2023-04-01 2024-03-31 01942616 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01942616 c:FullAccounts 2023-04-01 2024-03-31 01942616 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01942616 d:WithinOneYear 2024-03-31 01942616 d:WithinOneYear 2023-03-31 01942616 d:BetweenOneFiveYears 2024-03-31 01942616 d:BetweenOneFiveYears 2023-03-31 01942616 d:MoreThanFiveYears 2024-03-31 01942616 d:MoreThanFiveYears 2023-03-31 01942616 6 2023-04-01 2024-03-31 01942616 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 01942616







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


VINCENT & GORBING LIMITED






































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VINCENT & GORBING LIMITED
REGISTERED NUMBER:01942616



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,104
18,469

Investments
 5 
1
1

  
29,105
18,470

Current assets
  

Debtors: amounts falling due within one year
 6 
368,620
330,344

Cash at bank and in hand
  
248,635
352,179

  
617,255
682,523

Creditors: amounts falling due within one year
 7 
(185,860)
(212,798)

Net current assets
  
 
 
431,395
 
 
469,725

Total assets less current liabilities
  
460,500
488,195

  

Net assets
  
460,500
488,195


Capital and reserves
  

Called up share capital 
  
11,000
11,000

Share premium account
  
73,803
73,803

Capital redemption reserve
  
9,750
9,750

Profit and loss account
  
365,947
393,642

  
460,500
488,195


Page 1

 


VINCENT & GORBING LIMITED
REGISTERED NUMBER:01942616


    
STATEMENT OF FINANCIAL POSITION (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 by: 




................................................
M B Chandler
Director

Date: 12 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


VINCENT & GORBING LIMITED
 


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

1.


General information

Vincent & Gorbing Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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:

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.

 
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.

 
2.4

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

 


VINCENT & GORBING LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Taxation

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 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.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% on cost and 20% on cost

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

Page 4

 


VINCENT & GORBING LIMITED
 


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

2.Accounting policies (continued)

  
2.9

Group financial statements

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group financial statements.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 21).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
139,402


Additions
22,782



At 31 March 2024

162,184



Depreciation


At 1 April 2023
120,933


Charge for the year on owned assets
12,147



At 31 March 2024

133,080



Net book value



At 31 March 2024
29,104



At 31 March 2023
18,469

Page 5

 


VINCENT & GORBING 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
1



At 31 March 2024
1





6.


Debtors

2024
2023
£
£


Trade debtors
324,091
289,852

Prepayments and accrued income
38,725
40,492

Tax recoverable
5,804
-

368,620
330,344



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
61,214
51,335

Corporation tax
-
6,810

Other taxation and social security
78,884
82,132

Other creditors
10,128
22,800

Accruals and deferred income
35,634
49,721

185,860
212,798


Page 6

 


VINCENT & GORBING LIMITED
 


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

8.


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
105,000
105,000

Later than 1 year and not later than 5 years
420,000
420,000

Later than 5 years
399,875
504,677

924,875
1,029,677


9.


Controlling party

Vincent & Gorbing Trustees Limited, acting as Trustee of the Vincent & Gorbing Employee Ownership Trust, is the controlling party by virtue of its shareholding.

 
Page 7