Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30No description of principal activitytruefalse2023-10-01false1212trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05288766 2023-10-01 2024-09-30 05288766 2022-10-01 2023-09-30 05288766 2024-09-30 05288766 2023-09-30 05288766 c:Director1 2023-10-01 2024-09-30 05288766 d:PlantMachinery 2023-10-01 2024-09-30 05288766 d:PlantMachinery 2024-09-30 05288766 d:PlantMachinery 2023-09-30 05288766 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05288766 d:FurnitureFittings 2023-10-01 2024-09-30 05288766 d:FurnitureFittings 2024-09-30 05288766 d:FurnitureFittings 2023-09-30 05288766 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05288766 d:ComputerEquipment 2023-10-01 2024-09-30 05288766 d:ComputerEquipment 2024-09-30 05288766 d:ComputerEquipment 2023-09-30 05288766 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05288766 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05288766 d:Goodwill 2023-10-01 2024-09-30 05288766 d:Goodwill 2024-09-30 05288766 d:Goodwill 2023-09-30 05288766 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 05288766 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 05288766 d:CurrentFinancialInstruments 2024-09-30 05288766 d:CurrentFinancialInstruments 2023-09-30 05288766 d:Non-currentFinancialInstruments 2024-09-30 05288766 d:Non-currentFinancialInstruments 2023-09-30 05288766 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05288766 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05288766 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05288766 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05288766 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 05288766 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05288766 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05288766 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05288766 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 05288766 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 05288766 d:ShareCapital 2024-09-30 05288766 d:ShareCapital 2023-09-30 05288766 d:RetainedEarningsAccumulatedLosses 2024-09-30 05288766 d:RetainedEarningsAccumulatedLosses 2023-09-30 05288766 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05288766 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05288766 d:RetirementBenefitObligationsDeferredTax 2024-09-30 05288766 d:RetirementBenefitObligationsDeferredTax 2023-09-30 05288766 c:OrdinaryShareClass1 2023-10-01 2024-09-30 05288766 c:OrdinaryShareClass1 2024-09-30 05288766 c:OrdinaryShareClass1 2023-09-30 05288766 c:FRS102 2023-10-01 2024-09-30 05288766 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05288766 c:FullAccounts 2023-10-01 2024-09-30 05288766 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05288766 2 2023-10-01 2024-09-30 05288766 d:Goodwill d:OwnedIntangibleAssets 2023-10-01 2024-09-30 05288766 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-10-01 2024-09-30 05288766 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05288766










SUPPLIES FOR SCHOOLS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SUPPLIES FOR SCHOOLS LIMITED
REGISTERED NUMBER: 05288766

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
121,175
151,139

Tangible assets
 6 
1,241
102

  
122,416
151,241

Current assets
  

Stocks
 7 
150,507
161,599

Debtors: amounts falling due within one year
 8 
26,925
72,168

Bank and cash balances
  
163,766
246,587

  
341,198
480,354

Creditors: amounts falling due within one year
 9 
(284,400)
(352,539)

Net current assets
  
 
 
56,798
 
 
127,815

Total assets less current liabilities
  
179,214
279,056

Creditors: amounts falling due after more than one year
 10 
(44,926)
(179,076)

Provisions for liabilities
  

Deferred tax
 12 
(221)
-

  
 
 
(221)
 
 
-

Net assets
  
134,067
99,980


Capital and reserves
  

Called up share capital 
 13 
130,002
130,002

Profit and loss account
  
4,065
(30,022)

  
134,067
99,980


Page 1

 
SUPPLIES FOR SCHOOLS LIMITED
REGISTERED NUMBER: 05288766
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 comprehensive income 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 28 November 2024.






Alan Bowes
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Supplies For Schools Limited, 05288766, is a private company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Unit 42, Mochdre Industrial Estate, Newtown, Powys, SY16 4LE.
The principal activity of the company is that of a diversified ecommerce retailer.

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

Going concern

The financial statements have been prepared on the going concern basis, the company requires the continued support of the banks, other lenders and creditors.

 
2.3

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.

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
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.

Page 4

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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 comprehensive income 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.

  
2.10

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 comprehensive income over its useful economic life of 20 years.
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.

 
2.11

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 5

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

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:

Plant and machinery
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
25%

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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 6

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.16

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.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
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.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year.


4.


Employees

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

Page 7

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Intangible assets




Trademarks
Goodwill
Total

£
£
£



Cost


At 1 October 2023
2,639
594,000
596,639



At 30 September 2024

2,639
594,000
596,639



Amortisation


At 1 October 2023
-
445,500
445,500


Charge for the year on owned assets
264
29,700
29,964



At 30 September 2024

264
475,200
475,464



Net book value



At 30 September 2024
2,375
118,800
121,175



At 30 September 2023
2,639
148,500
151,139



Page 8

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
79,142
29,467
42,219
150,828


Additions
1,249
108
-
1,357



At 30 September 2024

80,391
29,575
42,219
152,185



Depreciation


At 1 October 2023
79,042
29,466
42,218
150,726


Charge for the year on owned assets
202
16
-
218



At 30 September 2024

79,244
29,482
42,218
150,944



Net book value



At 30 September 2024
1,147
93
1
1,241



At 30 September 2023
100
1
1
102


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
150,507
161,599

150,507
161,599


Page 9

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Debtors

2024
2023
£
£


Trade debtors
11,721
41,979

Other debtors
-
20,083

Prepayments and accrued income
15,204
10,045

Deferred taxation
-
61

26,925
72,168



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,956
5,956

Other loans
128,194
127,432

Payments received on account
2,435
2,073

Trade creditors
72,634
105,567

Other taxation and social security
67,970
87,039

Other creditors
840
815

Accruals and deferred income
6,371
23,657

284,400
352,539


The amount of £5,956 (2023: £5,956) included in creditors due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

The following liabilities were secured:

2024
2023
£
£



Other loans
128,198
127,432

128,198
127,432

Details of security provided:

The amounts due for other loans within one year of £128,198 (2023: £127,432) are secured upon the assets of the company.

Page 10

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
27,797
33,753

Other loans
17,129
145,323

44,926
179,076


The amount of £27,797 (2023: £33,753) included in creditors due in more than one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

The following liabilities were secured:

2024
2023
£
£



Other loans
17,129
145,323

17,129
145,323

Details of security provided:

The amounts due for other loans after more than one year of £17,129 (2023: £145,323) are secured upon the assets of the company.

Page 11

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,956
5,956

Other loans
128,194
127,432


134,150
133,388

Amounts falling due 1-2 years

Bank loans
5,956
5,956

Other loans
17,129
128,194


23,085
134,150

Amounts falling due 2-5 years

Bank loans
17,869
17,869

Other loans
-
17,129


17,869
34,998

Amounts falling due after more than 5 years

Bank loans
3,971
9,928

3,971
9,928

179,075
312,464



12.


Deferred taxation




2024


£






At beginning of year
61


Charged to profit or loss
(282)



At end of year
(221)

Page 12

 
SUPPLIES FOR SCHOOLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
12.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(310)
(26)

Pension surplus
89
87

(221)
61


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



130,002 (2023 - 130,002) Ordinary shares of £1.00 each
130,002
130,002



14.


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 administered to the fund and amounted to £4,244 (2023: £4,133). Contributions totalling £839 (2023: £815) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 13