Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.52023-04-01falseNo description of principal activity5falsetruefalse 03786997 2023-04-01 2024-03-31 03786997 2022-04-01 2023-03-31 03786997 2024-03-31 03786997 2023-03-31 03786997 2022-04-01 03786997 c:Director1 2023-04-01 2024-03-31 03786997 d:Buildings 2023-04-01 2024-03-31 03786997 d:Buildings 2024-03-31 03786997 d:Buildings 2023-03-31 03786997 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03786997 d:MotorVehicles 2023-04-01 2024-03-31 03786997 d:MotorVehicles 2024-03-31 03786997 d:MotorVehicles 2023-03-31 03786997 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03786997 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03786997 d:CurrentFinancialInstruments 2024-03-31 03786997 d:CurrentFinancialInstruments 2023-03-31 03786997 d:Non-currentFinancialInstruments 2024-03-31 03786997 d:Non-currentFinancialInstruments 2023-03-31 03786997 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03786997 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03786997 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03786997 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03786997 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 03786997 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03786997 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 03786997 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 03786997 d:ShareCapital 2024-03-31 03786997 d:ShareCapital 2023-03-31 03786997 d:RetainedEarningsAccumulatedLosses 2024-03-31 03786997 d:RetainedEarningsAccumulatedLosses 2023-03-31 03786997 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03786997 c:OrdinaryShareClass1 2024-03-31 03786997 c:OrdinaryShareClass1 2023-03-31 03786997 c:OrdinaryShareClass2 2023-04-01 2024-03-31 03786997 c:OrdinaryShareClass2 2024-03-31 03786997 c:OrdinaryShareClass2 2023-03-31 03786997 c:OrdinaryShareClass3 2023-04-01 2024-03-31 03786997 c:OrdinaryShareClass3 2024-03-31 03786997 c:OrdinaryShareClass3 2023-03-31 03786997 c:OrdinaryShareClass4 2023-04-01 2024-03-31 03786997 c:OrdinaryShareClass4 2024-03-31 03786997 c:OrdinaryShareClass4 2023-03-31 03786997 c:FRS102 2023-04-01 2024-03-31 03786997 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03786997 c:FullAccounts 2023-04-01 2024-03-31 03786997 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03786997 6 2023-04-01 2024-03-31 03786997 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03786997 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03786997 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03786997














WICKBRAND LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
WICKBRAND LIMITED
REGISTERED NUMBER: 03786997

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
1,255,307
1,276,639

Investments
 5 
5
5

  
1,255,312
1,276,644

Current assets
  

Debtors: amounts falling due within one year
 6 
1,732,003
1,448,900

Cash at bank and in hand
  
43,154
96,226

  
1,775,157
1,545,126

Creditors: amounts falling due within one year
 7 
(77,339)
(141,334)

Net current assets
  
 
 
1,697,818
 
 
1,403,792

Total assets less current liabilities
  
2,953,130
2,680,436

Creditors: amounts falling due after more than one year
 8 
(479,881)
(540,747)

Provisions for liabilities
  

Deferred tax
 10 
(10,657)
(15,992)

  
 
 
(10,657)
 
 
(15,992)

Net assets
  
£2,462,592
£2,123,697


Capital and reserves
  

Called up share capital 
 11 
210
210

Profit and loss account
  
2,462,382
2,123,487

  
£2,462,592
£2,123,697


Page 1

 
WICKBRAND LIMITED
REGISTERED NUMBER: 03786997

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 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 11 March 2025.




................................................
P Kirkland
Director

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

Page 2

 
WICKBRAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Wickbrand Limited is a private limited company by shares incorporated in England and Wales. The company registration number is 03786997.
The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH. 

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

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 3

 
WICKBRAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
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:

Freehold property
-
Not depreciated
Motor vehicles
-
20%

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
WICKBRAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Borrowing costs

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

 
2.12

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.

 
2.13

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

 
WICKBRAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 -5).


4.


Tangible fixed assets





Freehold property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
1,212,671
85,290
1,297,961



At 31 March 2024

1,212,671
85,290
1,297,961



Depreciation


At 1 April 2023
-
21,322
21,322


Charge for the year on owned assets
-
21,332
21,332



At 31 March 2024

-
42,654
42,654



Net book value



At 31 March 2024
£1,212,671
£42,636
£1,255,307



At 31 March 2023
£1,212,671
£63,968
£1,276,639


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
5



At 31 March 2024
£5




Page 6

 
WICKBRAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
890,131
921,171

Other debtors
841,872
527,729

£1,732,003
£1,448,900



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
66,918
66,779

Corporation tax
1,200
1,416

Other taxation and social security
-
385

Other creditors
1,360
64,895

Accruals and deferred income
7,861
7,859

£77,339
£141,334



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
£479,881
£540,747


Page 7

 
WICKBRAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
66,918
66,779

Amounts falling due 1-2 years

Bank loans
461,649
511,625


461,649
511,625


Amounts falling due after more than 5 years

Bank loans
18,232
29,122

£546,799
£607,526



10.


Deferred taxation




2024
2023


£

£






At beginning of year
(15,992)
(21,322)


Charged to profit or loss
5,335
5,330



At end of year
£(10,657)
£(15,992)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
10,657
15,992

£10,657
£15,992

Page 8

 
WICKBRAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



80 (2023 -80) Ordinary shares of £1.00 each
80
80
30 (2023 -30) 'A' Ordinary shares of £1.00 each
30
30
80 (2023 -80) 'B' Ordinary shares of £1.00 each
80
80
20 (2018 - 20) 'C' Ordinary shares of £1.00 each
20
20

£210

£210



12.


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. 


13.


Related party transactions

The company charged rent of £25,000 and provided an unsecured loan to S.H. Cutting Jewellers Limited. The amount due from S.H. Cutting Jewellers Limited at the balance sheet date was £258,265 (2023 - £-191,641). S.H. Cutting Jewellers Limited is a 100% subsidiary of Wickbrand Limited. 
The company charged rent of £25,000 and provided an unsecured loan to S.H. Cutting Jewellers (Ramsgate) Limited. The amount due from S.H. Cutting Jewellers (Ramsgate) Limited at the balance sheet date was £631,865 (2023 - £729,530). S.H. Cutting Jewellers (Ramsgate) Limited is a 100% subsidiary of Wickbrand Limited. 


14.
Ultimate parent undertaking and controlling party

Mr P and Mrs S Kirkland are the ultimate controlling party of the company by controlling, directly or indirectly, 86% if the issued share capital of the company.


Page 9