Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30truefalse2023-10-01No description of principal activityfalse88false 01328739 2023-10-01 2024-09-30 01328739 2022-10-01 2023-09-30 01328739 2024-09-30 01328739 2023-09-30 01328739 c:Director1 2023-10-01 2024-09-30 01328739 d:Buildings 2023-10-01 2024-09-30 01328739 d:Buildings 2024-09-30 01328739 d:Buildings 2023-09-30 01328739 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01328739 d:PlantMachinery 2023-10-01 2024-09-30 01328739 d:PlantMachinery 2024-09-30 01328739 d:PlantMachinery 2023-09-30 01328739 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01328739 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01328739 d:CurrentFinancialInstruments 2024-09-30 01328739 d:CurrentFinancialInstruments 2023-09-30 01328739 d:Non-currentFinancialInstruments 2024-09-30 01328739 d:Non-currentFinancialInstruments 2023-09-30 01328739 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01328739 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01328739 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 01328739 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 01328739 d:ShareCapital 2024-09-30 01328739 d:ShareCapital 2023-09-30 01328739 d:CapitalRedemptionReserve 2023-10-01 2024-09-30 01328739 d:CapitalRedemptionReserve 2024-09-30 01328739 d:CapitalRedemptionReserve 2023-09-30 01328739 d:RevaluationReserve 2023-10-01 2024-09-30 01328739 d:RevaluationReserve 2024-09-30 01328739 d:RevaluationReserve 2023-09-30 01328739 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 01328739 d:RetainedEarningsAccumulatedLosses 2024-09-30 01328739 d:RetainedEarningsAccumulatedLosses 2023-09-30 01328739 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 01328739 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 01328739 c:OrdinaryShareClass1 2023-10-01 2024-09-30 01328739 c:OrdinaryShareClass1 2024-09-30 01328739 c:OrdinaryShareClass1 2023-09-30 01328739 c:FRS102 2023-10-01 2024-09-30 01328739 c:Audited 2023-10-01 2024-09-30 01328739 c:FullAccounts 2023-10-01 2024-09-30 01328739 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01328739 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01328739 2 2023-10-01 2024-09-30 01328739 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01328739










R.J.C. (U.K.) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
R.J.C. (U.K.) LIMITED
REGISTERED NUMBER: 01328739

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
285,002
330,503

  
285,002
330,503

Current assets
  

Stocks
 5 
74,197
96,602

Debtors: amounts falling due within one year
 6 
3,999,716
3,995,718

Cash at bank and in hand
 7 
1,002,908
793,065

  
5,076,821
4,885,385

Creditors: amounts falling due within one year
 8 
(863,555)
(1,201,872)

Net current assets
  
 
 
4,213,266
 
 
3,683,513

Total assets less current liabilities
  
4,498,268
4,014,016

Creditors: amounts falling due after more than one year
 9 
(31,534)
(106,581)

Provisions for liabilities
  

Deferred tax
 10 
(52,759)
(63,841)

  
 
 
(52,759)
 
 
(63,841)

Net assets
  
4,413,975
3,843,594


Capital and reserves
  

Called up share capital 
 11 
6,501
6,501

Revaluation reserve
 12 
17,775
17,775

Capital redemption reserve
 12 
17,499
17,499

Profit and loss account
 12 
4,372,200
3,801,819

  
4,413,975
3,843,594

Page 1

 
R.J.C. (U.K.) LIMITED
REGISTERED NUMBER: 01328739
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The Company's 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: 




R Allen
Director

Date: 27 January 2025

The notes on pages 3 to 12 form part of these financial statements.
Page 2

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

R.J.C. (U.K.) Limited is a private company limited by shares incorporated in England and Wales. The Company's registered number is 01328739. The registered office is Mews Place, The Street, Hatfield Peveral, Essex, CM3 2EH. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Going concern

The Directors consider that the Company has sufficient liquid resources, shareholder and parent support and access to future resources to enable the Company to cover its costs and pay its liabilities for the next 12 months from the date of approval of these financial statements. 
Consequently, the Directors have concluded that there are no material uncertainties that may cast significant doubt about the Company's ability to continue as a going conern for the next 12 months from the date of approval of these financial statements. Accordingly, the going concern basis has been adopted in preparing the financial statements. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional currency is Pound Sterling . The financial statements are rounded to the nearest Pound. 

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the statement of comprehensive income on a straight-line basis over the lease term.

 
2.6

Finance leases: the Company as lessee

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.

 
2.7

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

Page 4

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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 5

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on either a reducing balance basis or straight line basis depending on asset class. 

Depreciation is provided on the following basis:

Plant and machinery
-
26 - 50%

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 the statement of comprehensive income. 

 
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 and raw materials are purchased as they are needed. 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 the statement of comprehensive income. 

 
2.13

Debtors

Short-term debtors are measured at transaction price, 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. 

 
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

 
R.J.C. (U.K.) 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 the statement of comprehensive income. 

 
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.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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.

Page 7

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.17
Financial instruments (continued)


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 receipts 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.


3.


Employees

The average monthly number of employees, including the Directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
8
8

Page 8

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 October 2023
50,000
1,668,972
1,718,972


Additions
-
58,728
58,728


Disposals
-
(744,925)
(744,925)



At 30 September 2024

50,000
982,775
1,032,775



Depreciation


At 1 October 2023
-
1,388,469
1,388,469


Charge for the year on owned assets
-
104,229
104,229


Disposals
-
(744,925)
(744,925)



At 30 September 2024

-
747,773
747,773



Net book value



At 30 September 2024
50,000
235,002
285,002



At 30 September 2023
50,000
280,503
330,503


5.


Stocks

2024
2023
£
£

Raw materials and consumables
74,197
96,602


Page 9

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
820,956
1,458,807

Amounts owed by group undertakings
2,728,641
1,971,883

Other debtors
316,772
428,554

Prepayments and accrued income
133,347
136,474

3,999,716
3,995,718



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,002,908
793,065



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
187,891
258,842

Corporation tax
121,476
180,455

Other taxation and social security
279,983
439,261

Other creditors
245,751
303,037

Accruals and deferred income
28,454
20,277

863,555
1,201,872


Other creditors include hire purchase and finance agreements of £89,665 (2023 - £85,671) which are secured over the assets to which they relate. 


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
31,534
106,581


Other creditors include hire purchase and finance agreements which are secured over the assets to which they relate. 

Page 10

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Deferred taxation




2024


£






At beginning of year
63,841


Charged to profit or loss
11,082



At end of year
52,759

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
52,759
63,841

52,759
63,841


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



6,501 (2023 - 6,501) Ordinary shares of £1.00 each
6,501
6,501



12.


Reserves

Revaluation reserve

The revaluation reserve represents the accumulated revaluation gains and losses. 

Capital redemption reserve

The capital redemption reserve represents the nominal value of shares repurchased by the Company. 

Profit and loss account

The profit and loss account represents the accumulation of retained profits, net of dividends, which are in the form of distributable reserves. 

Page 11

 
R.J.C. (U.K.) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13.


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 £7,366 (2023 - £5,716). Contributions totalling £1,555 (2023 - £148) were payable to the fund at the Balance Sheet date and are included in creditors. 


14.


Related party transactions

At the Balance Sheet date the Company was owed £2,728,641 (2023 - £1,969,883) from its parent company RAMH Holdings Limited. 


15.


Controlling party

The immediate controlling party is RAMH Holdings Limited by virtue of it owning 100% of the Company's share capital. RAMH Holdings Limited is a private limited company, limited by shares and incorporated in England and Wales. RAMH Holdings Limited was incorporated on 19 December 2019 with its registered office being Mews Place, The Street, Hatfield Peverel, Essex, CM3 2EH. 
RAMH Holdings Limited does not prepare consolidated accounts.
The Directors consider R Allen to be the ultimate controlling party, with 53% of the shareholding of RAMH Holdings Limited.

16.


Auditor's information

The auditor's report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 28 January 2025 by Ryan Swann ACA (Senior Statutory Auditor) on behalf of MHA.

 
Page 12