Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01falsetrueArchitects4745trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07308290 2023-07-01 2024-06-30 07308290 2022-07-01 2023-06-30 07308290 2024-06-30 07308290 2023-06-30 07308290 2022-07-01 07308290 c:Director3 2023-07-01 2024-06-30 07308290 d:FurnitureFittings 2023-07-01 2024-06-30 07308290 d:FurnitureFittings 2024-06-30 07308290 d:FurnitureFittings 2023-06-30 07308290 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07308290 d:Goodwill 2024-06-30 07308290 d:Goodwill 2023-06-30 07308290 d:CurrentFinancialInstruments 2024-06-30 07308290 d:CurrentFinancialInstruments 2023-06-30 07308290 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07308290 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07308290 d:ShareCapital 2024-06-30 07308290 d:ShareCapital 2023-06-30 07308290 d:SharePremium 2024-06-30 07308290 d:SharePremium 2023-06-30 07308290 d:CapitalRedemptionReserve 2024-06-30 07308290 d:CapitalRedemptionReserve 2023-06-30 07308290 d:RetainedEarningsAccumulatedLosses 2024-06-30 07308290 d:RetainedEarningsAccumulatedLosses 2023-06-30 07308290 c:FRS102 2023-07-01 2024-06-30 07308290 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07308290 c:FullAccounts 2023-07-01 2024-06-30 07308290 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07308290 d:WithinOneYear 2024-06-30 07308290 d:WithinOneYear 2023-06-30 07308290 d:BetweenOneFiveYears 2024-06-30 07308290 d:BetweenOneFiveYears 2023-06-30 07308290 d:MoreThanFiveYears 2024-06-30 07308290 d:MoreThanFiveYears 2023-06-30 07308290 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 07308290 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 07308290 d:RetirementBenefitObligationsDeferredTax 2024-06-30 07308290 d:RetirementBenefitObligationsDeferredTax 2023-06-30 07308290 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 07308290










JEFFERSON SHEARD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
JEFFERSON SHEARD LIMITED
REGISTERED NUMBER: 07308290

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
104,036
107,651

Current assets
  

Debtors: amounts falling due within one year
 6 
1,592,955
1,399,875

Cash at bank and in hand
  
459,990
735,358

  
2,052,945
2,135,233

Creditors: amounts falling due within one year
 7 
(853,920)
(816,892)

Net current assets
  
 
 
1,199,025
 
 
1,318,341

Provisions for liabilities
  

Deferred tax
 8 
(21,293)
(22,653)

Net assets
  
1,281,768
1,403,339


Capital and reserves
  

Called up share capital 
  
30
30

Share premium account
  
208,411
208,411

Capital redemption reserve
  
13
13

Profit and loss account
  
1,073,314
1,194,885

  
1,281,768
1,403,339


Page 1

 
JEFFERSON SHEARD LIMITED
REGISTERED NUMBER: 07308290
    
BALANCE SHEET (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 on 25 March 2025.





M T Hall
Director

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

Page 2

 
JEFFERSON SHEARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Jefferson Sheard Limited is a company limited by shares, incorporated in England and Wales (registered number: 07308290). Its registered office is Fulcrum, 2 Sidney Street, Sheffield, S1 4RH. The principal activity of the Company throughout the year continued to be that of architects.

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:

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

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.

Page 3

 
JEFFERSON SHEARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

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 4

 
JEFFERSON SHEARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Intangible asset

                 Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and
the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the
date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to
the Statement of Comprehensive Income over its useful economic life.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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:

Fixtures and fittings
-
15%

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.

Page 5

 
JEFFERSON SHEARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 47 (2023 - 45).

Page 6

 
JEFFERSON SHEARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
92,193



At 30 June 2024

92,193



Amortisation


At 1 July 2023
92,193



At 30 June 2024

92,193



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 7

 
JEFFERSON SHEARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 July 2023
182,340


Additions
13,844



At 30 June 2024

196,184



Depreciation


At 1 July 2023
74,689


Charge for the year on owned assets
17,459



At 30 June 2024

92,148



Net book value



At 30 June 2024
104,036



At 30 June 2023
107,651


6.


Debtors

2024
2023
£
£


Trade debtors
1,462,008
1,302,882

Other debtors
109,601
59,410

Prepayments and accrued income
21,346
37,583

1,592,955
1,399,875


Page 8

 
JEFFERSON SHEARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
350,883
389,748

Corporation tax
183,606
215,049

Other taxation and social security
231,089
178,244

Other creditors
88,342
33,851

853,920
816,892



8.


Deferred taxation




2024
2023


£

£






At beginning of year
22,653
16,388


Charged to profit or loss
(1,360)
6,265



At end of year
21,293
22,653

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
26,009
26,913

Pension surplus
(4,716)
(4,260)

Page 9

 
JEFFERSON SHEARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


9.


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 £225,462 (2023: £223,357). Contributions totalling £19,310 (2023 - £17,962) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
68,500
71,317

Later than 1 year and not later than 5 years
179,500
220,000

Later than 5 years
23,333
51,333

271,333
342,650


11.


Related party transactions

At the year end T A R Jones was a director of the company. During the year, arms length trade occurred with a company which was under the control of T A R Jones.

 
Page 10