Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3092507false2023-05-01157falseNo description of principal activity168truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02787361 2023-05-01 2024-04-30 02787361 2022-05-01 2023-04-30 02787361 2024-04-30 02787361 2023-04-30 02787361 c:Director2 2023-05-01 2024-04-30 02787361 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 02787361 d:Buildings d:ShortLeaseholdAssets 2024-04-30 02787361 d:Buildings d:ShortLeaseholdAssets 2023-04-30 02787361 d:PlantMachinery 2023-05-01 2024-04-30 02787361 d:PlantMachinery 2024-04-30 02787361 d:PlantMachinery 2023-04-30 02787361 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02787361 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 02787361 d:MotorVehicles 2023-05-01 2024-04-30 02787361 d:MotorVehicles 2024-04-30 02787361 d:MotorVehicles 2023-04-30 02787361 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02787361 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 02787361 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 02787361 d:OtherPropertyPlantEquipment 2024-04-30 02787361 d:OtherPropertyPlantEquipment 2023-04-30 02787361 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02787361 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 02787361 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02787361 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 02787361 d:CurrentFinancialInstruments 2024-04-30 02787361 d:CurrentFinancialInstruments 2023-04-30 02787361 d:Non-currentFinancialInstruments 2024-04-30 02787361 d:Non-currentFinancialInstruments 2023-04-30 02787361 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02787361 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02787361 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02787361 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02787361 d:ShareCapital 2024-04-30 02787361 d:ShareCapital 2023-04-30 02787361 d:SharePremium 2024-04-30 02787361 d:SharePremium 2023-04-30 02787361 d:RetainedEarningsAccumulatedLosses 2024-04-30 02787361 d:RetainedEarningsAccumulatedLosses 2023-04-30 02787361 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02787361 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02787361 c:OrdinaryShareClass1 2023-05-01 2024-04-30 02787361 c:OrdinaryShareClass1 2024-04-30 02787361 c:OrdinaryShareClass1 2023-04-30 02787361 c:OrdinaryShareClass2 2023-05-01 2024-04-30 02787361 c:OrdinaryShareClass2 2024-04-30 02787361 c:OrdinaryShareClass2 2023-04-30 02787361 c:FRS102 2023-05-01 2024-04-30 02787361 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02787361 c:FullAccounts 2023-05-01 2024-04-30 02787361 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02787361 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 02787361 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 02787361 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 02787361 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 02787361 2 2023-05-01 2024-04-30 02787361 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02787361









SCUDAMORES PUNTING COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
SCUDAMORES PUNTING COMPANY LIMITED
REGISTERED NUMBER: 02787361

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
756,240
902,573

  
756,240
902,573

CURRENT ASSETS
  

Stocks
  
25,650
23,058

Debtors: amounts falling due within one year
 5 
340,273
277,483

Cash at bank and in hand
  
1,072,611
876,473

  
1,438,534
1,177,014

Creditors: amounts falling due within one year
 6 
(763,914)
(790,778)

NET CURRENT ASSETS
  
 
 
674,620
 
 
386,236

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,430,860
1,288,809

Creditors: amounts falling due after more than one year
 7 
(5,958)
(117,455)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(148,722)
(181,517)

  
 
 
(148,722)
 
 
(181,517)

NET ASSETS
  
1,276,180
989,837


CAPITAL AND RESERVES
  

Called up share capital 
 10 
3,890
3,890

Share premium account
  
11,320
11,320

Profit and loss account
  
1,260,970
974,627

  
1,276,180
989,837


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.

Page 1

 
SCUDAMORES PUNTING COMPANY LIMITED
REGISTERED NUMBER: 02787361
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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: 






R I Ingersent
Director

Date: 13 January 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
SCUDAMORES PUNTING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

The company is limited by shares and incorporated in England. The address of the registered office is given on the Company Information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

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

TURNOVER

Turnover comprises revenue recognised by the company in respect of river punt hire and associated services supplied during the year, exclusive of value added tax

 
2.3

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

LEASED ASSETS

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

INTEREST INCOME

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

 
2.6

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.

 
2.7

BORROWING COSTS

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

Page 3

 
SCUDAMORES PUNTING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

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.

 
2.9

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.


 
2.10

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

 
SCUDAMORES PUNTING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.10
TANGIBLE FIXED ASSETS (CONTINUED)

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:

Short-term leasehold property
-
15% straight line
Plant and machinery
-
10% - 15% straight line
Motor vehicles
-
15% 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.

 
2.11

STOCKS

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.


 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

Page 5

 
SCUDAMORES PUNTING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 168 (2023 - 157).


4.


TANGIBLE FIXED ASSETS





Short-term leasehold property
Plant and machinery
Motor vehicles
Other fixed assets
Total

£
£
£
£
£



COST OR VALUATION


At 1 May 2023
1,079,501
724,669
33,251
1,294,966
3,132,387


Additions
3,850
39,402
7,239
5,831
56,322



At 30 April 2024

1,083,351
764,071
40,490
1,300,797
3,188,709



DEPRECIATION


At 1 May 2023
595,554
638,980
13,855
981,425
2,229,814


Charge for the year on owned assets
92,507
33,364
-
65,790
191,661


Charge for the year on financed assets
-
-
10,994
-
10,994



At 30 April 2024

688,061
672,344
24,849
1,047,215
2,432,469



NET BOOK VALUE



At 30 April 2024
395,290
91,727
15,641
253,582
756,240



At 30 April 2023
483,947
85,689
19,396
313,541
902,573

Page 6

 
SCUDAMORES PUNTING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


DEBTORS

2024
2023
£
£


Trade debtors
14,075
21,141

Other debtors
23,866
17,608

Prepayments and accrued income
302,332
238,734

340,273
277,483



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
-
270,000

Trade creditors
221,204
207,799

Corporation tax
320,912
179,983

Other taxation and social security
77,438
62,986

Obligations under finance lease and hire purchase contracts
6,497
6,497

Other creditors
137,863
63,513

763,914
790,778


Bank loans include a Government backed CBILS loan which was drawn down in August 2020.  This loan is 100% guaranteed by the Government and there will be no fees or interest payable in the first 12 months. After this 12 month period, interest will be charged at 2.99% per annum. During the year, the loan was fully repaid.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
-
105,000

Net obligations under finance leases and hire purchase contracts
5,958
12,455

5,958
117,455


Bank loans include a Government backed CBILS loan which was drawn down in August 2020.  This loan is 100% guaranteed by the Government and there will be no fees or interest payable in the first 12 months. After this 12 month period, interest will be charged at 2.99% per annum. During the year, the loan was fully repaid.

Page 7

 
SCUDAMORES PUNTING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
6,497
6,497

HP, finance leases and other lease liabilities
5,958
12,455

12,455
18,952


9.


DEFERRED TAXATION




2024


£






At beginning of year
(181,517)


Charged to profit or loss
32,795



AT END OF YEAR
(148,722)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred tax
(148,722)
(181,517)

(148,722)
(181,517)


10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



34,230 (2023 - 34,230) Ordinary shares of £0.10 each
3,423
3,423
4,668 (2023 - 4,668) Ordinary A shares of £0.10 each
467
467

3,890

3,890


Page 8

 
SCUDAMORES PUNTING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


PENSION COMMITMENTS

The company operates a defined contribution pension scheme.  The assets of the scheme are held separately from those of the company in an independently administered fund.  The contributions payable to the fund in the period amounted to £37,256 (2023 - £28,970) of which £166 (2023 - £7) was outstanding at the period end and is included in other creditors


12.OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £1,353,347 (2023 - £1,514,583).

 
Page 9