Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity2322trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03280094 2023-05-01 2024-04-30 03280094 2022-05-01 2023-04-30 03280094 2024-04-30 03280094 2023-04-30 03280094 c:Director1 2023-05-01 2024-04-30 03280094 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 03280094 d:Buildings d:LongLeaseholdAssets 2024-04-30 03280094 d:Buildings d:LongLeaseholdAssets 2023-04-30 03280094 d:PlantMachinery 2023-05-01 2024-04-30 03280094 d:PlantMachinery 2024-04-30 03280094 d:PlantMachinery 2023-04-30 03280094 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03280094 d:MotorVehicles 2023-05-01 2024-04-30 03280094 d:MotorVehicles 2024-04-30 03280094 d:MotorVehicles 2023-04-30 03280094 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03280094 d:OfficeEquipment 2023-05-01 2024-04-30 03280094 d:OfficeEquipment 2024-04-30 03280094 d:OfficeEquipment 2023-04-30 03280094 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03280094 d:ComputerEquipment 2023-05-01 2024-04-30 03280094 d:ComputerEquipment 2024-04-30 03280094 d:ComputerEquipment 2023-04-30 03280094 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03280094 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03280094 d:Goodwill 2023-05-01 2024-04-30 03280094 d:Goodwill 2024-04-30 03280094 d:Goodwill 2023-04-30 03280094 d:CurrentFinancialInstruments 2024-04-30 03280094 d:CurrentFinancialInstruments 2023-04-30 03280094 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03280094 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03280094 d:ShareCapital 2024-04-30 03280094 d:ShareCapital 2023-04-30 03280094 d:RetainedEarningsAccumulatedLosses 2024-04-30 03280094 d:RetainedEarningsAccumulatedLosses 2023-04-30 03280094 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 03280094 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 03280094 c:OrdinaryShareClass1 2023-05-01 2024-04-30 03280094 c:OrdinaryShareClass1 2024-04-30 03280094 c:OrdinaryShareClass1 2023-04-30 03280094 c:OrdinaryShareClass2 2023-05-01 2024-04-30 03280094 c:OrdinaryShareClass2 2024-04-30 03280094 c:OrdinaryShareClass2 2023-04-30 03280094 c:FRS102 2023-05-01 2024-04-30 03280094 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03280094 c:FullAccounts 2023-05-01 2024-04-30 03280094 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03280094 2 2023-05-01 2024-04-30 03280094 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 03280094 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03280094














P J COLE (SOUTHERN) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
P J COLE (SOUTHERN) LIMITED
REGISTERED NUMBER: 03280094

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note

Fixed assets
  

Intangible assets
 4 
133,333
165,833

Tangible assets
 5 
299,135
327,420

  
432,468
493,253

Current assets
  

Debtors: amounts falling due within one year
 6 
337,876
311,946

Cash at bank and in hand
 7 
982,252
897,366

  
1,320,128
1,209,312

Creditors: amounts falling due within one year
 8 
(1,085,599)
(1,031,603)

Net current assets
  
 
 
234,529
 
 
177,709

Total assets less current liabilities
  
666,997
670,962

Provisions for liabilities
  

Deferred tax
  
(70,966)
(84,059)

  
 
 
(70,966)
 
 
(84,059)

Net assets
  
£596,031
£586,903


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
595,931
586,803

  
£596,031
£586,903


Page 1

 
P J COLE (SOUTHERN) LIMITED
REGISTERED NUMBER: 03280094

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 January 2025.




P J Cole
Director

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

Page 2

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

P J Cole (Southern) Limited is a private company limited by shares.  The Company registration number is 03280094.  the company is incorported in England and Wales.  The registered office and principal place of business of the company is Frys Cross Farm, Knightons Lane, Dunsfold, Godalming, Surrey GU8 4NY.

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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 income and retained earnings 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.

Page 4

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

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 follows:.

Depreciation is provided on the following basis:

Leasehold improvements
-
15% reducing balance
Plant and machinery
-
15% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
15% reducing balance
Computer equipment
-
25% reducing balance

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS
Page 5

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)

102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 6

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 22).


4.


Intangible assets




Goodwill



Cost


At 1 May 2023
865,000



At 30 April 2024

865,000



Amortisation


At 1 May 2023
699,167


Charge for the year on owned assets
32,500



At 30 April 2024

731,667



Net book value



At 30 April 2024
£133,333



At 30 April 2023
£165,833



Page 7

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Computer equipment



Cost or valuation


At 1 May 2023
118,814
104,483
1,034,150
31,877
63,819


Additions
9,348
34,036
-
-
8,893


Disposals
-
-
(14,495)
-
-



At 30 April 2024

128,162
138,519
1,019,655
31,877
72,712



Depreciation


At 1 May 2023
96,704
56,195
797,454
26,503
48,867


Charge for the year on owned assets
3,787
11,753
59,111
815
4,822


Disposals
-
-
(14,221)
-
-



At 30 April 2024

100,491
67,948
842,344
27,318
53,689



Net book value



At 30 April 2024
£27,671
£70,571
£177,311
£4,559
£19,023



At 30 April 2023
£22,110
£48,288
£236,696
£5,374
£14,952
Page 8

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           5.Tangible fixed assets (continued)


Total



Cost or valuation


At 1 May 2023
1,353,143


Additions
52,277


Disposals
(14,495)



At 30 April 2024

1,390,925



Depreciation


At 1 May 2023
1,025,723


Charge for the year on owned assets
80,288


Disposals
(14,221)



At 30 April 2024

1,091,790



Net book value



At 30 April 2024
£299,135



At 30 April 2023
£327,420

Page 9

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023


Trade debtors
193,975
180,494

Other debtors
48,686
69,393

Prepayments and accrued income
95,215
62,059

£337,876
£311,946



7.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
982,252
897,366

£982,252
£897,366



8.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
42,072
33,796

Amounts owed to group undertakings
755,135
759,765

Corporation tax
103,607
78,981

Other taxation and social security
11,101
17,214

Other creditors
19,833
6,575

Accruals and deferred income
153,851
135,272

£1,085,599
£1,031,603



9.


Financial instruments

2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
£982,252
£897,366




Financial assets measured at fair value through profit or loss comprise cash at bank.

Page 10

 
P J COLE (SOUTHERN) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Share capital

2024
2023
Allotted, called up and fully paid



60 (2023 - 60) Ordinary shares of £1.00 each
60
60
40 (2023 - 40) 'B' ordinary shares of £1.00 each
40
40

£100

£100



11.


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 amounted to £18,708 (2023 - £16,504) . Contributions totalling £1,297 (2023 - £2,181) were payable to the fund at the balance sheet date and are included in creditors.


12.
Controlling party / Ultimate parent undertaking and controlling party



At the balance sheet date, the immediate parent undertaking is P J Cole (Southern) Holdings Limited, a company incorporated in England and Wales. 
The ultimate parent undertaking is P J Cole (Southern) Holdings Limited, a company incorporated in England and Wales.
P J Cole (Southern) Holdings Limited is the ultimate controlling party of the company. The controlling party of the parent undertaking is Mr P J Cole.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.
 


Page 11