Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3002023-05-01falseNo description of principal activity1920truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05457919 2023-05-01 2024-04-30 05457919 2022-05-01 2023-04-30 05457919 2024-04-30 05457919 2023-04-30 05457919 c:Director4 2023-05-01 2024-04-30 05457919 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 05457919 d:Buildings d:LongLeaseholdAssets 2024-04-30 05457919 d:Buildings d:LongLeaseholdAssets 2023-04-30 05457919 d:OfficeEquipment 2023-05-01 2024-04-30 05457919 d:OfficeEquipment 2024-04-30 05457919 d:OfficeEquipment 2023-04-30 05457919 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05457919 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05457919 d:Goodwill 2023-05-01 2024-04-30 05457919 d:Goodwill 2024-04-30 05457919 d:Goodwill 2023-04-30 05457919 d:CurrentFinancialInstruments 2024-04-30 05457919 d:CurrentFinancialInstruments 2023-04-30 05457919 d:Non-currentFinancialInstruments 2024-04-30 05457919 d:Non-currentFinancialInstruments 2023-04-30 05457919 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05457919 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05457919 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05457919 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 05457919 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 05457919 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 05457919 d:ShareCapital 2024-04-30 05457919 d:ShareCapital 2023-04-30 05457919 d:RetainedEarningsAccumulatedLosses 2024-04-30 05457919 d:RetainedEarningsAccumulatedLosses 2023-04-30 05457919 c:OrdinaryShareClass2 2023-05-01 2024-04-30 05457919 c:OrdinaryShareClass2 2024-04-30 05457919 c:OrdinaryShareClass2 2023-04-30 05457919 c:OrdinaryShareClass3 2023-05-01 2024-04-30 05457919 c:OrdinaryShareClass3 2024-04-30 05457919 c:OrdinaryShareClass3 2023-04-30 05457919 c:FRS102 2023-05-01 2024-04-30 05457919 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05457919 c:FullAccounts 2023-05-01 2024-04-30 05457919 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05457919 d:WithinOneYear 2024-04-30 05457919 d:WithinOneYear 2023-04-30 05457919 d:BetweenOneFiveYears 2024-04-30 05457919 d:BetweenOneFiveYears 2023-04-30 05457919 d:MoreThanFiveYears 2024-04-30 05457919 d:MoreThanFiveYears 2023-04-30 05457919 2 2023-05-01 2024-04-30 05457919 4 2023-05-01 2024-04-30 05457919 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 05457919 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05457919









REDMAN STEWART LIMITED

FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024







































 
REDMAN STEWART LIMITED
REGISTERED NUMBER: 05457919

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
46,802

Tangible assets
 5 
19,813
22,055

  
19,813
68,857

Current assets
  

Stocks
 6 
2,700
2,700

Debtors
 7 
82,093
66,695

Cash at bank and in hand
 8 
155,394
163,773

  
240,187
233,168

Creditors: amounts falling due within one year
 9 
(147,938)
(342,436)

Net current assets/(liabilities)
  
 
 
92,249
 
 
(109,268)

Total assets less current liabilities
  
112,062
(40,411)

Creditors: amounts falling due after more than one year
 10 
(40,368)
-

  

Net assets/(liabilities)
  
71,694
(40,411)

Page 1

 
REDMAN STEWART LIMITED
REGISTERED NUMBER: 05457919
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
71,594
(40,511)

  
71,694
(40,411)


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 by: 




................................................
I Bucci
Director

Date: 20 January 2025

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Redman Stewart Limited is a private company, limited by shares, domiciled in England and Wales, registration number 05457919. The registered office is Greenwood House, Greenwood Court, Bury St Edmunds, Suffolk, IP32 7GY. The principal place of business is 45 High Street, Royston, Hertfordshire, SG8 9AW. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

Interest income

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

Page 3

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

 
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.


 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 4

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

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.

 The estimated useful lives range as follows:

Goodwill
-
5 to 7 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as listed below.

Depreciation is provided on the following basis:

Leasehold property
-
Over 7 years
Office equipment
-
25% per annum reducing balance basis

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 5

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
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.
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.

 
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.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
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 19 (2023 - 20).

Page 6

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
181,763



At 30 April 2024

181,763



Amortisation


At 1 May 2023
134,961


Charge for the year on owned assets
46,802



At 30 April 2024

181,763



Net book value



At 30 April 2024
-



At 30 April 2023
46,802



Page 7

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Leasehold Property
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
12,705
151,839
164,544


Additions
-
6,173
6,173


Disposals
-
(21,222)
(21,222)



At 30 April 2024

12,705
136,790
149,495



Depreciation


At 1 May 2023
12,705
129,784
142,489


Charge for the year on owned assets
-
5,059
5,059


Disposals
-
(17,866)
(17,866)



At 30 April 2024

12,705
116,977
129,682



Net book value



At 30 April 2024
-
19,813
19,813



At 30 April 2023
-
22,055
22,055


6.


Stocks

2024
2023
£
£

Finished goods
2,700
2,700


Page 8

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors


2024
2023
£
£



Amounts owed by group undertakings
72,317
59,145

Other debtors
12
1,099

Prepayments and accrued income
8,480
4,100

Deferred taxation
1,284
2,351

82,093
66,695



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
155,394
163,773

155,394
163,773



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,334
-

Trade creditors
91,920
109,777

Amounts owed to group undertakings
-
181,924

Other taxation and social security
36,639
33,780

Other creditors
1,806
2,822

Accruals and deferred income
9,239
14,133

147,938
342,436


Page 9

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
40,368
-

40,368
-


Bank loans are secured by a guarantee from the directors. 


11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,334
-


8,334
-

Amounts falling due 1-5 years

Bank loans
40,368
-


40,368
-



48,702
-



12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



68 (2023 - 68) A Ordinary shares of £1.00 each
68
68
32 (2023 - 32) B Ordinary shares of £1.00 each
32
32

100

100


Page 10

 
REDMAN STEWART LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

13.


Contingent liabilities

There are fixed and floating charges over all assets of the company as a result of providing security on behalf of the parent company Bucci & Wesley Limited. The balance outstanding at the balance sheet date was £628,074 and is contained within creditors of the parent entity. 


14.


Pension commitments

The company operates defined contribution pension scheme. The assets of the schemes are held seperately from those of the company in an independently administered fund. The pension cost charge  represents contributions payable by the company to the funds and amounted to £8,326 (2023 - £8,805). An amount of £1,806 (2023 - £1,701) was outstanding to the scheme at the balance sheet date.


15.


Commitments under operating leases

At 30 April 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
37,117
24,800

Later than 1 year and not later than 5 years
123,200
-

Later than 5 years
194,583
-

354,900
24,800


16.


Controlling party

The immediate and ultimate parent undertaking is Bucci and Wesley Limited, a company registered in England. Financial statements can be found at www.companieshouse.gov.uk. 
 

 
Page 11