Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3065672023-05-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02744316 2023-05-01 2024-04-30 02744316 2022-05-01 2023-04-30 02744316 2024-04-30 02744316 2023-04-30 02744316 2022-05-01 02744316 c:Director1 2023-05-01 2024-04-30 02744316 c:Director2 2023-05-01 2024-04-30 02744316 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 02744316 d:Buildings d:ShortLeaseholdAssets 2024-04-30 02744316 d:Buildings d:ShortLeaseholdAssets 2023-04-30 02744316 d:MotorVehicles 2023-05-01 2024-04-30 02744316 d:MotorVehicles 2024-04-30 02744316 d:MotorVehicles 2023-04-30 02744316 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02744316 d:FurnitureFittings 2023-05-01 2024-04-30 02744316 d:FurnitureFittings 2024-04-30 02744316 d:FurnitureFittings 2023-04-30 02744316 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02744316 d:OfficeEquipment 2023-05-01 2024-04-30 02744316 d:OfficeEquipment 2024-04-30 02744316 d:OfficeEquipment 2023-04-30 02744316 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02744316 d:ComputerEquipment 2023-05-01 2024-04-30 02744316 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02744316 d:CurrentFinancialInstruments 2024-04-30 02744316 d:CurrentFinancialInstruments 2023-04-30 02744316 d:Non-currentFinancialInstruments 2024-04-30 02744316 d:Non-currentFinancialInstruments 2023-04-30 02744316 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02744316 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02744316 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02744316 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02744316 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 02744316 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 02744316 d:ShareCapital 2024-04-30 02744316 d:ShareCapital 2023-04-30 02744316 d:SharePremium 2024-04-30 02744316 d:SharePremium 2023-04-30 02744316 d:CapitalRedemptionReserve 2024-04-30 02744316 d:CapitalRedemptionReserve 2023-04-30 02744316 d:RetainedEarningsAccumulatedLosses 2024-04-30 02744316 d:RetainedEarningsAccumulatedLosses 2023-04-30 02744316 c:FRS102 2023-05-01 2024-04-30 02744316 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02744316 c:FullAccounts 2023-05-01 2024-04-30 02744316 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02744316 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02744316 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02744316 d:RetirementBenefitObligationsDeferredTax 2024-04-30 02744316 d:RetirementBenefitObligationsDeferredTax 2023-04-30 02744316 6 2023-05-01 2024-04-30 02744316 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered Number:02744316













RICHARD JACKSON LIMITED




UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024











 
RICHARD JACKSON LIMITED
 


CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 12



 
RICHARD JACKSON LIMITED
REGISTERED NUMBER:02744316


BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
46,052
53,337

Investments
 5 
103
103

  
46,155
53,440

Current assets
  

Stocks
  
1,650
1,650

Debtors: amounts falling due within one year
 6 
2,113,136
2,130,413

Cash at bank and in hand
  
956
276,110

  
2,115,742
2,408,173

Creditors: amounts falling due within one year
 7 
(868,215)
(1,168,231)

Net current assets
  
 
 
1,247,527
 
 
1,239,942

Total assets less current liabilities
  
1,293,682
1,293,382

Creditors: amounts falling due after more than one year
 8 
(12,181)
(39,050)

Provisions for liabilities
  

Deferred tax
 10 
(7,229)
(9,885)

  
 
 
(7,229)
 
 
(9,885)

Net assets
  
1,274,272
1,244,447


Capital and reserves
  

Called up share capital 
  
47,725
47,725

Share premium account
  
169,663
169,663

Capital redemption reserve
  
8,333
8,333

Profit and loss account
  
1,048,551
1,018,726

  
1,274,272
1,244,447



- 1 -



 
RICHARD JACKSON LIMITED
REGISTERED NUMBER:02744316

    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 30 January 2025.




Mrs L A Butcher
Mr R H Miall
Director
Director

The notes on pages 3 to 12 form part of these financial statements.


- 2 -



 
RICHARD JACKSON LIMITED
 

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

1.


General information

Richard Jackson Limited ("the Company") is a private company limited by shares, domiciled and incorporated in England and Wales. The address of the registered office is 847 The Crescent, Colchester Business Park, Colchester, Essex, CO4 9YQ. 

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

Having considered a period of at least 12 months from the signing of the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.


- 3 -



 
RICHARD JACKSON LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Contracts are reflected in the profit and loss account by recording turnover and related costs as contract activity progresses; turnover is ascertained by reference to the stage of completion of the contract. Where it is considered that the outcome of a contract can be assessed with reasonable certainty before its conclusion, attributable profit is recognised in the profit and loss account.
The amount by which recorded turnover on contracts is in excess of payments on account is included in debtors as amounts recoverable on contracts. Any balance of payments on account on a contract is disclosed separately in creditors.

 
2.5

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.

 
2.6

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.


- 4 -



 
RICHARD JACKSON 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

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 8 years.


- 5 -



 
RICHARD JACKSON LIMITED
 

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

2.Accounting policies (continued)

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the life of the lease
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15 - 25% on reducing balance
Computer equipment
-
30% on 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.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

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.

 
2.14

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.

 
2.15

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.


- 6 -



 
RICHARD JACKSON LIMITED
 

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

2.Accounting policies (continued)

 
2.16

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.

 
2.17

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.
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.
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.

 
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.


Employees

The average monthly number of employees, including directors, during the year was 65 (2023 - 67).


- 7 -



 
RICHARD JACKSON LIMITED
 

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

4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Office and field equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
11,414
39,537
28,063
92,384
171,398


Additions
-
-
954
6,439
7,393



At 30 April 2024

11,414
39,537
29,017
98,823
178,791



Depreciation


At 1 May 2023
7,988
20,858
16,928
72,287
118,061


Charge for the year on owned assets
1,141
4,670
1,846
7,021
14,678



At 30 April 2024

9,129
25,528
18,774
79,308
132,739



Net book value



At 30 April 2024
2,285
14,009
10,243
19,515
46,052



At 30 April 2023
3,426
18,679
11,135
20,097
53,337


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
103



At 30 April 2024
103





 


- 8 -



 
RICHARD JACKSON LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
1,306,461
1,351,794

Amounts owed by group undertakings
1,264
1,264

Other debtors
17,488
317

Prepayments and accrued income
100,813
140,117

Amounts recoverable on contracts
687,110
636,921

2,113,136
2,130,413



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
62,743
27,898

Bank loans
10,204
83,787

Other loans
16,615
-

Trade creditors
24,071
41,402

Amounts owed to group undertakings
103,267
52,425

Corporation tax
-
117,769

Other taxation and social security
250,903
417,341

Other creditors
231,520
296,409

Accruals and deferred income
168,892
131,200

868,215
1,168,231


Included in other taxes and social security is deferred VAT amounting to £Nil (2023: £116,115) under an agreement with HMRC.
Included within bank loans is an amount of £Nil (2023: £11,376) which is secured by a fixed and floating charge over the company's assets.
There is an unlimited cross guarantee between the company and it's parent company MTBG Ltd for an amount of £Nil (2023: £11,376) included in bank loans.
The bank overdraft is secured by a fixed and floating charge over the company's assets.


- 9 -



 
RICHARD JACKSON LIMITED
 

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

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,181
39,050

12,181
39,050



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,204
83,787

Other loans
16,615
-


26,819
83,787

Amounts falling due 1-2 years

Bank loans
12,181
39,050


12,181
39,050



39,000
122,837



- 10 -



 
RICHARD JACKSON LIMITED
 

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

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(9,885)
(10,028)


Utilised in year
2,656
143



At end of year
(7,229)
(9,885)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(10,596)
(12,165)

Pension surplus
3,367
2,280

(7,229)
(9,885)


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 £189,431 (2023 - £140,086) . Contributions totalling £18,086 (2023 - £14,035) were payable to the fund at the balance sheet date and are included in creditors.


12.


Financial commitments, guarantees and contingencies

Operating lease commitments not included in the balance sheet amount to £578,321 (2023 - £492,508).  


- 11 -



 
RICHARD JACKSON LIMITED
 

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

13.


Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned. 
Included in other creditors are the following amounts owed to directors:
K Tosh £10,000 (2023: £20,000)
L Butcher £10,000 (2023: £20,000)
M Geddes £10,000 (2023:£20,000)  
R Miall £10,000 (2023 £20,000)
There are no set repayment dates for the loans, interest is being charged with effect from May 2019 at normal commercial rates.

 

- 12 -