Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-05-08falseNo description of principal activity50falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14852929 2023-05-07 14852929 2023-05-08 2024-05-31 14852929 2022-06-01 2023-05-07 14852929 2024-05-31 14852929 c:Director1 2023-05-08 2024-05-31 14852929 d:PlantMachinery 2023-05-08 2024-05-31 14852929 d:PlantMachinery 2024-05-31 14852929 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-08 2024-05-31 14852929 d:FurnitureFittings 2023-05-08 2024-05-31 14852929 d:FurnitureFittings 2024-05-31 14852929 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-08 2024-05-31 14852929 d:ComputerEquipment 2023-05-08 2024-05-31 14852929 d:ComputerEquipment 2024-05-31 14852929 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-08 2024-05-31 14852929 d:OwnedOrFreeholdAssets 2023-05-08 2024-05-31 14852929 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 14852929 d:Goodwill 2023-05-08 2024-05-31 14852929 d:Goodwill 2024-05-31 14852929 d:CurrentFinancialInstruments 2024-05-31 14852929 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14852929 d:ShareCapital 2024-05-31 14852929 d:RetainedEarningsAccumulatedLosses 2024-05-31 14852929 c:OrdinaryShareClass1 2023-05-08 2024-05-31 14852929 c:OrdinaryShareClass1 2024-05-31 14852929 c:FRS102 2023-05-08 2024-05-31 14852929 c:AuditExempt-NoAccountantsReport 2023-05-08 2024-05-31 14852929 c:FullAccounts 2023-05-08 2024-05-31 14852929 c:PrivateLimitedCompanyLtd 2023-05-08 2024-05-31 14852929 d:WithinOneYear 2024-05-31 14852929 d:BetweenOneFiveYears 2024-05-31 14852929 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-05-08 2024-05-31 14852929 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-05-08 2024-05-31 14852929 d:ExternallyAcquiredIntangibleAssets 2023-05-08 2024-05-31 14852929 d:Goodwill d:OwnedIntangibleAssets 2023-05-08 2024-05-31 14852929 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-05-08 2024-05-31 14852929 e:PoundSterling 2023-05-08 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14852929


CROCKETTS BAR EXETER LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024




















img61c8.png

 
CROCKETTS BAR EXETER LTD
REGISTERED NUMBER:14852929

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Intangible assets
 4 
41,333

Tangible assets
 5 
13,428

  
54,761

Current assets
  

Stocks
  
4,549

Cash at bank and in hand
  
827

  
5,376

Creditors: amounts falling due within one year
 6 
(99,908)

Net current (liabilities)/assets
  
 
 
(94,532)

Total assets less current liabilities
  
(39,771)

  

Net (liabilities)/assets
  
(39,771)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(39,871)

  
(39,771)


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 period 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 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 7 February 2025.



Page 1

 
CROCKETTS BAR EXETER LTD
REGISTERED NUMBER:14852929
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024


A Boucher
Director

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

 
CROCKETTS BAR EXETER LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Crocketts Bar Exeter Ltd is a private company, limited by shares, dominciled in England and Wales. The registered office is 29 Bathern Road, Exeter, England, EX2 7QE.

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

Going concern

Although the company has a net liability position of £39,771 the directors confirm that, having
considered their expectations and intentions for the next twelve months, the company is a going
concern.

 
2.3

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.

 
2.4

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

 
CROCKETTS BAR EXETER LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Intangible assets

Goodwill and Other Intangible assets

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.

Intangible assets are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market. Other Intangible assets are amortised on a straight line basis to the Statement of income and retained earnings over the lease period.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the balance sheet date.


 
2.7

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

 
CROCKETTS BAR EXETER LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
Straight line
Fixtures and fittings
-
20%
Straight line
Computer equipment
-
25%
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.

 
2.8

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.

 
2.9

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.

 
2.10

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 5

 
CROCKETTS BAR EXETER LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.11

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.
 

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.

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

 
CROCKETTS BAR EXETER LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 5.


4.


Intangible assets



Other Intangible Assets
Goodwill
Total

£
£
£



Cost


Additions
50,000
10,000
60,000



At 31 May 2024

50,000
10,000
60,000



Amortisation


Charge for the period 
16,667
2,000
18,667



At 31 May 2024

16,667
2,000
18,667



Net book value



At 31 May 2024
33,333
8,000
41,333



Page 7

 
CROCKETTS BAR EXETER LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


Additions
1,715
14,000
1,447
17,162



At 31 May 2024

1,715
14,000
1,447
17,162



Depreciation


Charge for the period
572
2,800
362
3,734



At 31 May 2024

572
2,800
362
3,734



Net book value



At 31 May 2024
1,143
11,200
1,085
13,428


6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
2,151

Other taxation and social security
9,016

Other creditors
87,291

Accruals and deferred income
1,450

99,908



7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On the date of incorporation, 8 May 2023, 100 Ordinary shares were issued with a value of £1.00 each.

Page 8

 
CROCKETTS BAR EXETER LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

8.


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 £2,261. Contributions totalling £323 were payable to the fund at the balance sheet date and are included in creditors.


9.


Commitments under operating leases

At 31 May 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
18,000

Later than 1 year and not later than 5 years
16,500

34,500

 
Page 9