Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false242023-07-01No description of principal activity30truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10551892 2023-07-01 2024-06-30 10551892 2022-07-01 2023-06-30 10551892 2024-06-30 10551892 2023-06-30 10551892 c:Director1 2023-07-01 2024-06-30 10551892 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 10551892 d:Buildings d:LongLeaseholdAssets 2024-06-30 10551892 d:Buildings d:LongLeaseholdAssets 2023-06-30 10551892 d:PlantMachinery 2023-07-01 2024-06-30 10551892 d:PlantMachinery 2024-06-30 10551892 d:PlantMachinery 2023-06-30 10551892 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10551892 d:FurnitureFittings 2023-07-01 2024-06-30 10551892 d:FurnitureFittings 2024-06-30 10551892 d:FurnitureFittings 2023-06-30 10551892 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10551892 d:ComputerEquipment 2023-07-01 2024-06-30 10551892 d:ComputerEquipment 2024-06-30 10551892 d:ComputerEquipment 2023-06-30 10551892 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10551892 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10551892 d:CurrentFinancialInstruments 2024-06-30 10551892 d:CurrentFinancialInstruments 2023-06-30 10551892 d:Non-currentFinancialInstruments 2024-06-30 10551892 d:Non-currentFinancialInstruments 2023-06-30 10551892 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10551892 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10551892 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10551892 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10551892 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 10551892 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10551892 d:ShareCapital 2024-06-30 10551892 d:ShareCapital 2023-06-30 10551892 d:RetainedEarningsAccumulatedLosses 2024-06-30 10551892 d:RetainedEarningsAccumulatedLosses 2023-06-30 10551892 c:FRS102 2023-07-01 2024-06-30 10551892 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10551892 c:FullAccounts 2023-07-01 2024-06-30 10551892 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10551892 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 10551892 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 10551892 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 10551892 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 10551892 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 10551892 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10551892 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 10551892 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 10551892 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 10551892










MOTEST SOUTHERN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MOTEST SOUTHERN LIMITED
REGISTERED NUMBER: 10551892

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023 as restated
Note
£
£

Fixed assets
  

Tangible assets
 5 
85,559
96,765

  
85,559
96,765

Current assets
  

Debtors: amounts falling due within one year
 6 
340,047
109,257

Cash at bank and in hand
  
72,480
161,859

  
412,527
271,116

Creditors: amounts falling due within one year
 7 
(455,005)
(334,523)

Net current liabilities
  
 
 
(42,478)
 
 
(63,407)

Total assets less current liabilities
  
43,081
33,358

Creditors: amounts falling due after more than one year
 8 
(16,866)
(32,240)

Provisions for liabilities
  

Deferred tax
 11 
(14,184)
(16,415)

  
 
 
(14,184)
 
 
(16,415)

Net assets/(liabilities)
  
12,031
(15,297)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
12,029
(15,299)

  
12,031
(15,297)


Page 1

 
MOTEST SOUTHERN LIMITED
REGISTERED NUMBER: 10551892
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 by: 






J H Ball
Director

Date: 18 March 2025

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

Page 2

 
MOTEST SOUTHERN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Motest Southern Limited (registered number 10551892) is a private company, limited by shares and incorporated in England and Wales. Its registered office is Unit B Central Estate, Albert Road, Aldershot, Hampshire, GU11 1SZ.

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.

Page 3

 
MOTEST SOUTHERN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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.

 
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.

 
2.5

Borrowing costs

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

 
2.6

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.

 
2.7

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.

 
2.8

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

 
MOTEST SOUTHERN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.8
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:

Long-term leasehold property
-
20%
straight line
Plant and machinery
-
20%
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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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

 
MOTEST SOUTHERN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 24).


4.


EBITDA

EBITDA is defined as profit before interest and taxation with depreciation and amortisation added back.
The EBITDA figure for the year ended 30 June 2024 is £68,365, compared to £75,873 in 2023, a decrease of £7,508 (on the restated 2023 figures).  

Page 6

 
MOTEST SOUTHERN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
73,173
179,332
17,529
12,215
282,249


Additions
-
5,640
9,884
750
16,274



At 30 June 2024

73,173
184,972
27,413
12,965
298,523



Depreciation


At 1 July 2023
48,162
117,307
9,869
10,147
185,485


Charge for the year on owned assets
6,253
15,293
4,009
1,924
27,479



At 30 June 2024

54,415
132,600
13,878
12,071
212,964



Net book value



At 30 June 2024
18,758
52,372
13,535
894
85,559



At 30 June 2023
25,011
62,025
7,660
2,069
96,765

Page 7

 
MOTEST SOUTHERN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
62,338
48,487

Amounts owed by group undertakings
177,500
-

Other debtors
41,427
7,634

Prepayments and accrued income
58,782
53,136

340,047
109,257



7.


Creditors: Amounts falling due within one year

2024
2023 as restated
£
£

Bank loans
10,000
10,000

Trade creditors
138,110
69,218

Amounts owed to group undertakings
15,103
5,622

Corporation tax
11,002
9,194

Other taxation and social security
49,349
26,811

Obligations under finance lease and hire purchase contracts
5,484
9,360

Other creditors
167,266
170,556

Accruals and deferred income
58,691
33,762

455,005
334,523



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
20,006

Net obligations under finance leases and hire purchase contracts
6,866
12,234

16,866
32,240


Page 8

 
MOTEST SOUTHERN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


Amounts falling due 2-5 years

Bank loans
10,000
20,006


20,000
30,006



10.


Hire purchase and finance leases


2024
2023
£
£


Within one year
5,484
9,360

Between 1-5 years
6,866
12,234

12,350
21,594


11.


Deferred taxation




2024


£






At beginning of year
(16,415)


Charged to profit or loss
2,230



At end of year
(14,185)

Page 9

 
MOTEST SOUTHERN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(16,700)
(17,939)

Short term differences
2,515
1,524

(14,185)
(16,415)


12.


Prior year adjustment

We are disclosing details of an accounting prior year adjustment that impacts the accounting and tax profit for the year ended 30 June 2023. A back dated rent invoice was ommitted from the accounts.   


13.


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 £24,098 (2023: £18,202). Contributions totalling £5,561 (2023 £4,094) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 10