Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-302024-08-3026true2023-08-31falseFarming and scaffolding works26trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI608649 2023-08-31 2024-08-30 NI608649 2022-08-31 2023-08-30 NI608649 2024-08-30 NI608649 2023-08-30 NI608649 c:Director1 2023-08-31 2024-08-30 NI608649 d:PlantMachinery 2023-08-31 2024-08-30 NI608649 d:PlantMachinery 2024-08-30 NI608649 d:PlantMachinery 2023-08-30 NI608649 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-31 2024-08-30 NI608649 d:MotorVehicles 2023-08-31 2024-08-30 NI608649 d:MotorVehicles 2024-08-30 NI608649 d:MotorVehicles 2023-08-30 NI608649 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-31 2024-08-30 NI608649 d:FurnitureFittings 2023-08-31 2024-08-30 NI608649 d:FurnitureFittings 2024-08-30 NI608649 d:FurnitureFittings 2023-08-30 NI608649 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-31 2024-08-30 NI608649 d:OfficeEquipment 2023-08-31 2024-08-30 NI608649 d:OfficeEquipment 2024-08-30 NI608649 d:OfficeEquipment 2023-08-30 NI608649 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-31 2024-08-30 NI608649 d:OwnedOrFreeholdAssets 2023-08-31 2024-08-30 NI608649 d:CurrentFinancialInstruments 2024-08-30 NI608649 d:CurrentFinancialInstruments 2023-08-30 NI608649 d:Non-currentFinancialInstruments 2024-08-30 NI608649 d:Non-currentFinancialInstruments 2023-08-30 NI608649 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-30 NI608649 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-30 NI608649 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-30 NI608649 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-30 NI608649 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-30 NI608649 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-30 NI608649 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-30 NI608649 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-30 NI608649 d:ShareCapital 2024-08-30 NI608649 d:ShareCapital 2023-08-30 NI608649 d:RetainedEarningsAccumulatedLosses 2023-08-31 2024-08-30 NI608649 d:RetainedEarningsAccumulatedLosses 2024-08-30 NI608649 d:RetainedEarningsAccumulatedLosses 2023-08-30 NI608649 c:OrdinaryShareClass1 2023-08-31 2024-08-30 NI608649 c:OrdinaryShareClass1 2024-08-30 NI608649 c:OrdinaryShareClass1 2023-08-30 NI608649 c:FRS102 2023-08-31 2024-08-30 NI608649 c:AuditExempt-NoAccountantsReport 2023-08-31 2024-08-30 NI608649 c:FullAccounts 2023-08-31 2024-08-30 NI608649 c:PrivateLimitedCompanyLtd 2023-08-31 2024-08-30 NI608649 d:HirePurchaseContracts d:WithinOneYear 2024-08-30 NI608649 d:HirePurchaseContracts d:WithinOneYear 2023-08-30 NI608649 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-30 NI608649 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-30 NI608649 d:AcceleratedTaxDepreciationDeferredTax 2024-08-30 NI608649 d:AcceleratedTaxDepreciationDeferredTax 2023-08-30 NI608649 d:TaxLossesCarry-forwardsDeferredTax 2024-08-30 NI608649 d:TaxLossesCarry-forwardsDeferredTax 2023-08-30 NI608649 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-08-30 NI608649 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-30 NI608649 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-30 NI608649 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-30 NI608649 d:LeasedAssetsHeldAsLessee 2024-08-30 NI608649 d:LeasedAssetsHeldAsLessee 2023-08-30 NI608649 e:PoundSterling 2023-08-31 2024-08-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI608649










S POLLOCK AND PARTNERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 AUGUST 2024

 
S POLLOCK AND PARTNERS LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 12


 
S POLLOCK AND PARTNERS LIMITED
REGISTERED NUMBER: NI608649

BALANCE SHEET
AS AT 30 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
751,036
758,822

  
751,036
758,822

Current assets
  

Stocks
 5 
906,700
738,425

Debtors: amounts falling due within one year
 6 
191,562
293,268

Cash at bank and in hand
 7 
58
-

  
1,098,320
1,031,693

Creditors: amounts falling due within one year
 8 
(716,353)
(897,683)

Net current assets
  
 
 
381,967
 
 
134,010

Total assets less current liabilities
  
1,133,003
892,832

Creditors: amounts falling due after more than one year
 9 
(575,917)
(465,465)

Provisions for liabilities
  

Deferred tax
 12 
(130,341)
(97,911)

  
 
 
(130,341)
 
 
(97,911)

Net assets
  
426,745
329,456


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
 14 
426,645
329,356

  
426,745
329,456


Page 1

 
S POLLOCK AND PARTNERS LIMITED
REGISTERED NUMBER: NI608649

BALANCE SHEET (CONTINUED)
AS AT 30 AUGUST 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 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 27 November 2024.


Mr Adam Pollock
Director

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

Page 2

 
S POLLOCK AND PARTNERS LIMITED
 

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

1.


General information

S Pollock and Partners Limited is a private company limited by shares and is incorporated and registered in Northern Ireland under Company Registration Number NI608649. 
The company's registered office is situated at 10 Vow Road, Ballymoney, County Antrim, BT54 7PB. 
The company's principal activities are farming, scaffolding contract works and commercial external painting. 

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

The directors continue to adopt the going concern basis in preparing the annual report and financial statements.

 
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.

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.

Page 3

 
S POLLOCK AND PARTNERS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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, using both reducing balance and straightline methods.

Depreciation is provided on the following basis:

Plant & machinery
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% straight line
Equipment
-
nil

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 4

 
S POLLOCK AND PARTNERS LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
S POLLOCK AND PARTNERS LIMITED
 

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

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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.


3.


Employees

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


        2024
        2023
            No.
            No.







Farming
1
1



Scaffolding
24
23



Directors
1
2

26
26

Page 6

 
S POLLOCK AND PARTNERS LIMITED
 

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

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Equipment
Total

£
£
£
£
£



Cost or valuation


At 31 August 2023
385,524
124,996
18,179
900,482
1,429,181


Additions
-
5,500
-
-
5,500



At 30 August 2024

385,524
130,496
18,179
900,482
1,434,681



Depreciation


At 31 August 2023
219,876
73,882
18,179
358,423
670,360


Charge for the year on owned assets
-
13,285
-
-
13,285



At 30 August 2024

219,876
87,167
18,179
358,423
683,645



Net book value



At 30 August 2024
165,648
43,329
-
542,059
751,036



At 30 August 2023
165,649
51,114
-
542,059
758,822

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
28,252
28,252

Motor vehicles
17,482
23,310

45,734
51,562

Page 7

 
S POLLOCK AND PARTNERS LIMITED
 

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

5.


Stocks

2024
2023
£
£

Raw materials and consumables
864,200
721,750

Finished goods and goods for resale
42,500
16,675

906,700
738,425



6.


Debtors

2024
2023
£
£


Trade debtors
156,284
236,259

Other debtors
8,448
33,684

Prepayments and accrued income
1,000
1,000

Amounts recoverable on long term contracts
25,830
22,325

191,562
293,268



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
58
-

Less: bank overdrafts
(505)
(7,470)

(447)
(7,470)


Page 8

 
S POLLOCK AND PARTNERS LIMITED
 

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

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
505
7,470

Bank loans
3,945
7,206

Other loans
217,378
253,166

Trade creditors
273,733
410,221

Other taxation and social security
172,885
157,869

Obligations under finance lease and hire purchase contracts
876
10,137

Other creditors
38,220
51,614

Accruals and deferred income
8,811
-

716,353
897,683


2024
2023
£
£

Other taxation and social security

PAYE/NI control
172,885
157,869

172,885
157,869



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
92,222
139,799

Net obligations under finance leases and hire purchase contracts
-
876

Other creditors
483,695
324,790

575,917
465,465


The following liabilities were secured:




Details of security provided:

Net obligations under hire purchase contracts are secured on the assets concerned. The aggregate amount of creditors for which security has been given amounted to £876 (2023: £11,013).

Page 9

 
S POLLOCK AND PARTNERS LIMITED
 

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,945
7,206

Other loans
217,378
253,166


221,323
260,372

Amounts falling due 1-2 years

Bank loans
-
2,910


-
2,910

Amounts falling due 2-5 years

Bank loans
92,222
136,889


92,222
136,889


313,545
400,171



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
876
10,137

Between 1-5 years
-
876

876
11,013


12.


Deferred taxation




2024


£






At beginning of year
(97,911)


Charged to profit or loss
(32,430)



At end of year
(130,341)

Page 10

 
S POLLOCK AND PARTNERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024
 
12.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(130,393)
(135,119)

Tax losses carried forward
52
37,208

(130,341)
(97,911)

Page 11

 
S POLLOCK AND PARTNERS LIMITED
 

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

13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £0.01 each
100
100



14.


Reserves

Profit & loss account

The profit and loss account is a fully distributable reserve and includes all current and prior year retained profit and losses. 


15.


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 £559 (2023: £1,025). Contributions due to be paid to the fund at the balance sheet date amounted to £17,474 (2023: £16,170).


16.


Controlling party

The ultimate controlling party is Mr Adam Pollock by virtue of his shareholding in the company. 


Page 12