Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01falseNo description of principal activity5855falsetruefalse 02571166 2023-10-01 2024-09-30 02571166 2022-10-01 2023-09-30 02571166 2024-09-30 02571166 2023-09-30 02571166 c:Director2 2023-10-01 2024-09-30 02571166 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 02571166 d:Buildings d:ShortLeaseholdAssets 2024-09-30 02571166 d:Buildings d:ShortLeaseholdAssets 2023-09-30 02571166 d:PlantMachinery 2023-10-01 2024-09-30 02571166 d:PlantMachinery 2024-09-30 02571166 d:PlantMachinery 2023-09-30 02571166 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02571166 d:MotorVehicles 2023-10-01 2024-09-30 02571166 d:MotorVehicles 2024-09-30 02571166 d:MotorVehicles 2023-09-30 02571166 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02571166 d:FurnitureFittings 2023-10-01 2024-09-30 02571166 d:FurnitureFittings 2024-09-30 02571166 d:FurnitureFittings 2023-09-30 02571166 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02571166 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02571166 d:CurrentFinancialInstruments 2024-09-30 02571166 d:CurrentFinancialInstruments 2023-09-30 02571166 d:Non-currentFinancialInstruments 2024-09-30 02571166 d:Non-currentFinancialInstruments 2023-09-30 02571166 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 02571166 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02571166 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 02571166 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 02571166 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 02571166 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 02571166 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 02571166 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 02571166 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 02571166 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 02571166 d:ShareCapital 2024-09-30 02571166 d:ShareCapital 2023-09-30 02571166 d:CapitalRedemptionReserve 2024-09-30 02571166 d:CapitalRedemptionReserve 2023-09-30 02571166 d:RetainedEarningsAccumulatedLosses 2024-09-30 02571166 d:RetainedEarningsAccumulatedLosses 2023-09-30 02571166 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 02571166 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 02571166 d:OtherDeferredTax 2024-09-30 02571166 d:OtherDeferredTax 2023-09-30 02571166 c:FRS102 2023-10-01 2024-09-30 02571166 c:Audited 2023-10-01 2024-09-30 02571166 c:FullAccounts 2023-10-01 2024-09-30 02571166 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02571166 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02571166 2 2023-10-01 2024-09-30 02571166 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 02571166










BARON'S (FYLDE COAST SUPPLIES) LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
REGISTERED NUMBER: 02571166

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
244,314
170,008

  
244,314
170,008

Current assets
  

Stocks
  
579,566
472,917

Debtors: amounts falling due within one year
 5 
3,346,915
3,329,936

Cash at bank and in hand
 6 
1,114,880
509,188

  
5,041,361
4,312,041

Creditors: amounts falling due within one year
 7 
(1,977,894)
(1,804,853)

Net current assets
  
 
 
3,063,467
 
 
2,507,188

Total assets less current liabilities
  
3,307,781
2,677,196

Creditors: amounts falling due after more than one year
 8 
(366,667)
(466,667)

Provisions for liabilities
  

Deferred tax
 10 
(38,983)
(32,066)

  
 
 
(38,983)
 
 
(32,066)

Net assets
  
2,902,131
2,178,463


Capital and reserves
  

Called up share capital 
  
49
49

Capital redemption reserve
  
151
151

Profit and loss account
  
2,901,931
2,178,263

  
2,902,131
2,178,463


Page 1

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
REGISTERED NUMBER: 02571166
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 20 March 2025.




J. D. Meltham
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Baron's (Fylde Coast Supplies) Limited is a private limited company, limited by shares, registered in England and Wales. The registered office is Units 4 & 5, Lidun Park Industrial Estate, Boundary Road, Lytham, Lancashire, FY8 5HU. The company number is 02571166.

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 Company has cash resources and the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual 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.

 
2.4

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

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

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.

 
2.9

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

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over the term of the lease
Plant and machinery
-
10% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures, fittings and equipment
-
25% reducing balance

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.15

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.

 
2.16

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 58 (2023 - 55).

Page 6

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
54,703
48,141
335,244
62,585
500,673


Additions
64,216
27,812
43,884
20,258
156,170


Disposals
-
-
(93,083)
-
(93,083)



At 30 September 2024

118,919
75,953
286,045
82,843
563,760



Depreciation


At 1 October 2023
42,737
27,368
217,943
42,617
330,665


Charge for the year on owned assets
9,332
3,772
32,402
8,005
53,511


Disposals
-
-
(64,730)
-
(64,730)



At 30 September 2024

52,069
31,140
185,615
50,622
319,446



Net book value



At 30 September 2024
66,850
44,813
100,430
32,221
244,314



At 30 September 2023
11,966
20,773
117,301
19,968
170,008


5.


Debtors

2024
2023
£
£


Trade debtors
1,908,113
2,009,935

Amounts owed by group undertakings
1,344,639
1,261,213

Other debtors
894
1

Prepayments and accrued income
93,269
58,787

3,346,915
3,329,936


Page 7

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,114,880
509,188

1,114,880
509,188



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
100,000
100,000

Trade creditors
1,273,214
1,010,935

Corporation tax
188,638
167,428

Other taxation and social security
248,967
319,741

Other creditors
29,077
72,715

Accruals and deferred income
137,998
134,034

1,977,894
1,804,853


Bank loans are secured by a fixed and floating charge over the assets of the group.
Obligations under finance lease and hire purchase contracts are secured on the assets concerned.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
366,667
466,667

366,667
466,667


Bank loans are secured by a fixed and floating charge over the assets of the group.

Page 8

 
BARON'S (FYLDE COAST SUPPLIES) 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
100,000
100,000


100,000
100,000

Amounts falling due 1-2 years

Bank loans
100,000
100,000


100,000
100,000

Amounts falling due 2-5 years

Bank loans
266,667
300,000


266,667
300,000

Amounts falling due after more than 5 years

Bank loans
-
66,667

-
66,667

466,667
566,667


Bank loans are repayable over 72 monthly instalments with interest charged at a rate of 4.5% over base rate per annum.


10.


Deferred taxation




2024


£






At beginning of year
(32,066)


Charged to profit or loss
(6,917)



At end of year
(38,983)

Page 9

 
BARON'S (FYLDE COAST SUPPLIES) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(39,353)
(32,530)

Short term timing differences
370
464

(38,983)
(32,066)


11.


Contingent liabilities

The company has guaranteed all obligations and liabilities of the parent company, Brabco 2213 Limited, in connection with its Fixed Rate Secured 'A' Loan Notes 2027. The Fixed Rate Secured 'A' Loan Notes 2027 liability of Brabco 2213 Limited as at 30 September 2024 was £1,483,957 (2023 - £1,483,957).


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 to the fund and amounted to £32,246 (2023 - £388,928). Contributions totalling £3,923 (2023 - £2,644) were payable to the fund at the balance sheet date and are included in creditors.


13.


Controlling party

The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 and has not disclosed transactions with its parent company.


14.


Auditors' information

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

The audit report was signed on 20 March 2025 by Simon Whalley (Senior statutory auditor) on behalf of Langtons Professional Services Limited.

 
Page 10