Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30true2023-10-01falseNo description of principal activity78trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07784875 2023-10-01 2024-09-30 07784875 2022-10-01 2023-09-30 07784875 2024-09-30 07784875 2023-09-30 07784875 c:Director2 2023-10-01 2024-09-30 07784875 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 07784875 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 07784875 d:Buildings d:ShortLeaseholdAssets 2024-09-30 07784875 d:Buildings d:ShortLeaseholdAssets 2023-09-30 07784875 d:PlantMachinery 2023-10-01 2024-09-30 07784875 d:PlantMachinery 2024-09-30 07784875 d:PlantMachinery 2023-09-30 07784875 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07784875 d:MotorVehicles 2023-10-01 2024-09-30 07784875 d:MotorVehicles 2024-09-30 07784875 d:MotorVehicles 2023-09-30 07784875 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07784875 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07784875 d:CurrentFinancialInstruments 2024-09-30 07784875 d:CurrentFinancialInstruments 2023-09-30 07784875 d:Non-currentFinancialInstruments 2024-09-30 07784875 d:Non-currentFinancialInstruments 2023-09-30 07784875 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 07784875 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 07784875 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 07784875 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 07784875 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 07784875 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 07784875 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 07784875 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 07784875 d:ShareCapital 2024-09-30 07784875 d:ShareCapital 2023-09-30 07784875 d:RetainedEarningsAccumulatedLosses 2024-09-30 07784875 d:RetainedEarningsAccumulatedLosses 2023-09-30 07784875 c:FRS102 2023-10-01 2024-09-30 07784875 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07784875 c:FullAccounts 2023-10-01 2024-09-30 07784875 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07784875 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 07784875 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 07784875 2 2023-10-01 2024-09-30 07784875 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 07784875










SUBLIME RETAIL DISPLAY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SUBLIME RETAIL DISPLAY LIMITED
REGISTERED NUMBER: 07784875

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,318
14,460

Current assets
  

Stocks
  
29,418
34,603

Debtors: amounts falling due within one year
 5 
123,204
242,324

Cash at bank and in hand
 6 
313,936
233,341

  
466,558
510,268

Creditors: amounts falling due within one year
 7 
(181,182)
(290,719)

Net current assets
  
 
 
285,376
 
 
219,549

Total assets less current liabilities
  
295,694
234,009

Creditors: amounts falling due after more than one year
 8 
(6,960)
(17,358)

Provisions for liabilities
  

Deferred tax
 10 
(915)
(1,500)

Net assets
  
287,819
215,151


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
287,719
215,051

  
287,819
215,151


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 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 3 March 2025.




C Smedley
Director
Page 1

 
SUBLIME RETAIL DISPLAY LIMITED
REGISTERED NUMBER: 07784875

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SUBLIME RETAIL DISPLAY LIMITED
 

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

1.


General information

Sublime Retail Display Limited is a limited liability company incorporated and dominciled in the UK. The
address of the registered office is shown in the company information. The place of business is Unit 3 Millen Business Park Church Street Milton Regis Sittingbourne ME10 2WS.

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:

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.

 
2.3

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.

Page 3

 
SUBLIME RETAIL DISPLAY LIMITED
 

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

2.Accounting policies (continued)

 
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.

 
2.6

Borrowing costs

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

 
2.7

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 reporting 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 reporting 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 reporting date.

Page 4

 
SUBLIME RETAIL DISPLAY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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, using the straight-line method.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
10%
S/Term Leasehold Property
-
Plant and machinery
-
33%
Motor vehicles
-
25%

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

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 reporting 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.

 
2.11

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.

 
2.12

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.

 
2.13

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

 
SUBLIME RETAIL DISPLAY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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

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 7 (2023 - 8).


4.


Tangible fixed assets





ShortTerm Leasehold Property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 October 2023
11,005
94,254
10,315
115,574


Additions
-
1,693
-
1,693



At 30 September 2024

11,005
95,947
10,315
117,267



Depreciation


At 1 October 2023
4,400
93,261
3,453
101,114


Charge for the year on owned assets
1,100
2,157
2,578
5,835



At 30 September 2024

5,500
95,418
6,031
106,949



Net book value



At 30 September 2024
5,505
529
4,284
10,318



At 30 September 2023
6,605
993
6,862
14,460


5.


Debtors

2024
2023
Page 6

 
SUBLIME RETAIL DISPLAY LIMITED
 

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

5.Debtors (continued)

£
£


Trade debtors
111,133
238,314

Other debtors
5,802
-

Prepayments and accrued income
6,269
4,010

123,204
242,324



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
313,936
233,341



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,398
14,265

Trade creditors
81,714
155,189

Amounts owed to group undertakings
12,927
3,166

Corporation tax
22,380
53,983

Other taxation and social security
29,333
43,011

Other creditors
6,806
6,195

Accruals and deferred income
17,624
14,910

181,182
290,719



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,960
17,358

6,960
17,358


Page 7

 
SUBLIME RETAIL DISPLAY LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,398
14,265

Amounts falling due 1-2 years

Bank loans
6,960
10,398

Amounts falling due 2-5 years

Bank loans
-
6,960


17,358
31,623



10.


Deferred taxation




2024


£






At beginning of year
(1,500)


Charged to profit or loss
585



At end of year
(915)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(915)
(1,500)


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 £3,347 (2023 - £4,511) . Contributions totalling £614 (2023 - £748) were payable to the fund at the reporting date and are included in creditors.


Page 8