Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-010falseNo description of principal activity0truetruefalse 09639603 2023-07-01 2024-06-30 09639603 2022-07-01 2023-06-30 09639603 2024-06-30 09639603 2023-06-30 09639603 2022-07-01 09639603 c:Director1 2023-07-01 2024-06-30 09639603 d:PlantMachinery 2023-07-01 2024-06-30 09639603 d:PlantMachinery 2024-06-30 09639603 d:PlantMachinery 2023-06-30 09639603 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09639603 d:FurnitureFittings 2023-07-01 2024-06-30 09639603 d:FurnitureFittings 2024-06-30 09639603 d:FurnitureFittings 2023-06-30 09639603 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09639603 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09639603 d:CurrentFinancialInstruments 2024-06-30 09639603 d:CurrentFinancialInstruments 2023-06-30 09639603 d:Non-currentFinancialInstruments 2024-06-30 09639603 d:Non-currentFinancialInstruments 2023-06-30 09639603 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09639603 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09639603 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09639603 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09639603 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 09639603 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09639603 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 09639603 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 09639603 d:ShareCapital 2024-06-30 09639603 d:ShareCapital 2023-06-30 09639603 d:ShareCapital 2022-07-01 09639603 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 09639603 d:RetainedEarningsAccumulatedLosses 2024-06-30 09639603 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 09639603 d:RetainedEarningsAccumulatedLosses 2023-06-30 09639603 d:RetainedEarningsAccumulatedLosses 2022-07-01 09639603 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 09639603 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 09639603 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-07-01 2024-06-30 09639603 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-06-30 09639603 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-06-30 09639603 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09639603 c:OrdinaryShareClass1 2024-06-30 09639603 c:OrdinaryShareClass1 2023-06-30 09639603 c:FRS102 2023-07-01 2024-06-30 09639603 c:Audited 2023-07-01 2024-06-30 09639603 c:FullAccounts 2023-07-01 2024-06-30 09639603 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09639603 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 09639603 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 09639603 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 09639603 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 09639603 d:HirePurchaseContracts d:MoreThanFiveYears 2024-06-30 09639603 d:HirePurchaseContracts d:MoreThanFiveYears 2023-06-30 09639603 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09639603 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 09639603 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 09639603 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09639603









CAVAION BAUMANN UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
CAVAION BAUMANN UK LIMITED
REGISTERED NUMBER: 09639603

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets

 4 

997,562
894,891

Current assets
  

Stocks
  
2,995,345
1,405,852

Debtors: amounts falling due within one year
 5 
1,224,589
843,428

Cash at bank and in hand
 6 
817,860
1,601,649

  
5,037,794
3,850,929

Creditors: amounts falling due within one year
 7 
(4,198,747)
(3,101,991)

Net current assets
  
 
 
839,047
 
 
748,938

Total assets less current liabilities
  
1,836,609
1,643,829

Creditors: amounts falling due after more than one year
 8 
(669,684)
(598,074)

Provisions for liabilities
  

Deferred tax
 11 
(248,824)
(208,824)

Other provisions
 12 
(42,003)
(119,529)

  
 
 
(290,827)
 
 
(328,353)

Net assets
  
876,098
717,402


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
 14 
875,998
717,302

  
876,098
717,402


Page 1

 
CAVAION BAUMANN UK LIMITED
REGISTERED NUMBER: 09639603
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 comprehensive income 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 28 March 2025.



J M Reynolds
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
CAVAION BAUMANN UK LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 July 2022
100
383,161
383,261



Profit for the year
-
634,141
634,141

Dividends
-
(300,000)
(300,000)



At 1 July 2023
100
717,302
717,402



Profit for the year
-
158,696
158,696


At 30 June 2024
100
875,998
876,098


The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
CAVAION BAUMANN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Cavaion Baumann UK Limited is a private company, limited by shares, incorporated in England and Wales. The Company's registration number is 09639603. The registered office is 49 Aldwarke Business Park, Waddington Way, Rotherham, South Yorkshire, S65 3SH. The principal activity of the Company continued to be that of the rental and sale of side loaders.

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 financial statements are prepared in Sterling which is the functional currency of the Company. The financial statements level of rounding is to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover from the sale of goods is recognised when the Company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the Company will receive the previously agreed upon payment. In respect of sales of side loaders this is typically at the point of acceptance of the side loader by the customer, and in respect of part sales at the point when parts are supplied and delivered to the customer. Turnover from the hire of forklift  trucks is recognised on a straight line basis over the period of hire.
Turnover is shown net of sales taxes and discounts.

 
2.3

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of comprehensive income so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Finance costs

Finance costs are charged to the statement of comprehensive income 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 the statement of comprehensive income in the year in which they are incurred.

Page 4

 
CAVAION BAUMANN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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 the statement of comprehensive income 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

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in statement of comprehensive income 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.

 
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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 5

 
CAVAION BAUMANN UK 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:

Hire fleet
-
Straight line over 2 to 10 years
Fixtures and fittings
-
Straight line over 2 to 10 years

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.

Proceeds and net book values of disposals of hire fleet are recognised within turnover and cost of sales respectively in the statement of comprehensive income. Profits or losses on sales of other fixed assets are shown net within administrative expenses in the statement of comprehensive income.

 
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. 

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 the statement of comprehensive income.

 
2.10

Debtors

Short-term debtors are measured at transaction price, 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.

 
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 6

 
CAVAION BAUMANN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

  
2.14

Financial instruments

The Company only has basic financial instruments.

 
2.15

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 Company has no staff (2023 - NIL). All staff members of the group are employed by fellow group company, Endeavour Forklifts Limited.

Page 7

 
CAVAION BAUMANN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Hire fleet
Fixtures and fittings
Total

£
£
£



Cost 


At 1 July 2023
1,342,413
9,642
1,352,055


Additions
410,286
-
410,286


Disposals
(335,413)
-
(335,413)



At 30 June 2024

1,417,286
9,642
1,426,928



Depreciation


At 1 July 2023
448,632
8,532
457,164


Charge for the year
168,672
759
169,431


Disposals
(197,229)
-
(197,229)



At 30 June 2024

420,075
9,291
429,366



Net book value



At 30 June 2024
997,211
351
997,562



At 30 June 2023
893,781
1,110
894,891

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Hire fleet
875,945
787,789



Page 8

 
CAVAION BAUMANN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£

Trade debtors
1,194,848
817,516

Prepayments and accrued income
29,741
25,912

1,224,589
843,428



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
817,860
1,601,649



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,247
9,995

Trade creditors
3,334,449
1,925,405

Amounts owed to group undertakings
489,353
260,355

Corporation tax
40,000
160,000

Other taxation and social security
23,028
60,826

Obligations under finance lease and hire purchase contracts
161,405
153,488

Accruals and deferred income
140,265
531,922

4,198,747
3,101,991


The bank loan is an unsecured creditor.
Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.

Page 9

 
CAVAION BAUMANN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,509
20,752

Net obligations under finance leases and hire purchase contracts
659,175
577,322

669,684
598,074


The bank loan is an unsecured creditor.
Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans

10,247
9,995

Amounts falling due 1-2 years

Bank loans

10,509
10,247

Amounts falling due 2-5 years

Bank loans

-
10,505

20,756
30,747


Page 10

 
CAVAION BAUMANN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
161,405
153,489

Between 1-5 years
556,020
538,853

Over 5 years
103,155
38,469

820,580
730,811

The obligations under finance leases and hire purchase contracts above are secured on the assets to which they relate.


11.


Deferred taxation




2024


£






At beginning of year
(208,824)


Charged to statement of comprehensive income
(40,000)



At end of year
(248,824)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(248,824)
(208,824)


12.


Provisions




Warranty provision

£





At 1 July 2023
119,529


Credited to statement of comprehensive income
(77,526)



At 30 June 2024
42,003

Page 11

 
CAVAION BAUMANN UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



14.


Reserves

Profit and loss account

This reserve records all current and prior period retained profits and losses.


15.


Contingent liabilities

A group VAT registration is in force. The Company is therefore jointly and severally liable for the amount of VAT owed by Endeavour Forklifts Limited. At the balance sheet date this amounted to £nil (2023 - £25,255).


16.


Related party transactions

The Company has taken advantage of the exemptions conferred by FRS 102 not to disclose transactions with wholly owned members of the group.


17.


Parent company

The parent company is Endeavour Forklifts Limited, a company incorporated in England and Wales, its registered office is 49 Aldwarke Business Park, Waddington Way, Aldwarke, Rotherham, S65 3SH.


18.


Auditors' information

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

The audit report was signed on 28 March 2025 by Stephen Newman (Senior Statutory Auditor) on behalf of PKF Smith Cooper Audit Limited.

 
Page 12