Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01truefalseRoofing and cladding710trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02688023 2023-07-01 2024-06-30 02688023 2022-07-01 2023-06-30 02688023 2024-06-30 02688023 2023-06-30 02688023 c:Director1 2023-07-01 2024-06-30 02688023 d:Buildings 2023-07-01 2024-06-30 02688023 d:Buildings 2024-06-30 02688023 d:Buildings 2023-06-30 02688023 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02688023 d:PlantMachinery 2023-07-01 2024-06-30 02688023 d:PlantMachinery 2024-06-30 02688023 d:PlantMachinery 2023-06-30 02688023 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02688023 d:MotorVehicles 2023-07-01 2024-06-30 02688023 d:MotorVehicles 2024-06-30 02688023 d:MotorVehicles 2023-06-30 02688023 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02688023 d:OfficeEquipment 2023-07-01 2024-06-30 02688023 d:OfficeEquipment 2024-06-30 02688023 d:OfficeEquipment 2023-06-30 02688023 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02688023 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02688023 d:CurrentFinancialInstruments 2024-06-30 02688023 d:CurrentFinancialInstruments 2023-06-30 02688023 d:Non-currentFinancialInstruments 2024-06-30 02688023 d:Non-currentFinancialInstruments 2023-06-30 02688023 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02688023 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02688023 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02688023 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02688023 d:ShareCapital 2024-06-30 02688023 d:ShareCapital 2023-06-30 02688023 d:RetainedEarningsAccumulatedLosses 2024-06-30 02688023 d:RetainedEarningsAccumulatedLosses 2023-06-30 02688023 c:OrdinaryShareClass1 2023-07-01 2024-06-30 02688023 c:OrdinaryShareClass1 2024-06-30 02688023 c:OrdinaryShareClass1 2023-06-30 02688023 c:FRS102 2023-07-01 2024-06-30 02688023 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02688023 c:FullAccounts 2023-07-01 2024-06-30 02688023 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02688023 2 2023-07-01 2024-06-30 02688023 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02688023









REDWITHER LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
REDWITHER LIMITED
REGISTERED NUMBER: 02688023

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
59,648
65,090

  
59,648
65,090

Current assets
  

Stocks
 5 
11,183
7,694

Debtors: amounts falling due within one year
 6 
132,493
195,239

Cash at bank and in hand
 7 
869
4,906

  
144,545
207,839

Creditors: amounts falling due within one year
 8 
(102,165)
(133,225)

Net current assets
  
 
 
42,380
 
 
74,614

Total assets less current liabilities
  
102,028
139,704

Creditors: amounts falling due after more than one year
 9 
(21,424)
(24,087)

  

Net assets
  
80,604
115,617


Capital and reserves
  

Called up share capital 
 10 
21,700
21,700

Profit and loss account
  
58,904
93,917

  
80,604
115,617


Page 1

 
REDWITHER LIMITED
REGISTERED NUMBER: 02688023
    
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 profit and loss account 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: 




................................................
Mr B Wainwright
Director

Date: 28 March 2025

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

Page 2

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

1.


General information

Redwither Limited is a private limited company, limited by shares, incorporated in England and Wales, company number 02688023, with its registered office and principal place of business at The Lodge, Aber Road, Flint, Flintshire, CH6 5EX.

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

Interest income

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

Page 3

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

2.Accounting policies (continued)

 
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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

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

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

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, over the following bases.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
33%
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 balance sheet 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

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

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 10).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
74,214
28,508
34,780
7,450
144,952


Additions
-
726
-
379
1,105


Disposals
-
-
(6,495)
-
(6,495)



At 30 June 2024

74,214
29,234
28,285
7,829
139,562



Depreciation


At 1 July 2023
21,939
27,435
24,654
5,833
79,861


Charge for the year on owned assets
1,084
455
2,019
935
4,493


Disposals
-
-
(4,440)
-
(4,440)



At 30 June 2024

23,023
27,890
22,233
6,768
79,914



Net book value



At 30 June 2024
51,191
1,344
6,052
1,061
59,648



At 30 June 2023
52,275
1,073
10,126
1,616
65,090

Page 6

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

5.


Stocks

2024
2023
£
£

Raw materials and consumables
9,155
2,933

Work in progress (goods to be sold)
2,028
4,761

11,183
7,694



6.


Debtors

2024
2023
£
£


Trade debtors
105,767
189,028

Other debtors
11,035
6,211

Prepayments and accrued income
15,691
-

132,493
195,239



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
869
4,906

Less: bank overdrafts
(10,208)
-

(9,339)
4,906


Page 7

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

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
10,208
-

Bank loans
3,722
9,912

Trade creditors
78,740
110,707

Other taxation and social security
3,413
5,020

Other creditors
622
1,070

Accruals and deferred income
5,460
6,516

102,165
133,225


The amount of £3,722 (2023: £9,912) in respect of bank loans included in creditors is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
21,424
24,087

21,424
24,087


The amount of £21,424 (2023: £24,087) in respect of bank loans included in creditors is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



21,700 (2023 - 21,700) £1 Ordinary shares shares of £1.00 each
21,700
21,700


Page 8

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

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 £6,495 (2023 - £19,831). Contributions totalling £622 (2023 - £1,070) were payable to the fund at the balance sheet date and are included in creditors.


12.


Transactions with directors

Included in other debtors is a loan from the company to the directors amounting to a total of £7,672 (2023: £NIL) which was the maximum amount outstanding during the period. The loan is interest free and there is no fixed date for repayment.

 
Page 9