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Registered number: 00374468














BUCKLEYS (UVRAL) LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 OCTOBER 2024

 
BUCKLEYS (UVRAL) LIMITED
REGISTERED NUMBER: 00374468

BALANCE SHEET
AS AT 31 OCTOBER 2024

31 October
31 January
2024
2024
Note

Fixed assets
  

Tangible assets
 4 
370,239
351,960

Investments
 5 
-
1

  
370,239
351,961

Current assets
  

Stocks
  
426,221
414,490

Debtors: amounts falling due within one year
 6 
279,247
179,320

Cash at bank and in hand
 7 
192,037
1,678,850

  
897,505
2,272,660

Creditors: amounts falling due within one year
 8 
(278,663)
(507,071)

Net current assets
  
 
 
618,842
 
 
1,765,589

Total assets less current liabilities
  
989,081
2,117,550

Provisions for liabilities
  

Deferred tax
  
(82,375)
(83,701)

  
 
 
(82,375)
 
 
(83,701)

Net assets
  
£906,706
£2,033,849


Capital and reserves
  

Called up share capital 
  
3,685
3,685

Other reserves
  
7,283
7,283

Profit and loss account
  
895,738
2,022,881

  
£906,706
£2,033,849


Page 1

 
BUCKLEYS (UVRAL) LIMITED
REGISTERED NUMBER: 00374468

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 25 March 2025.




___________________________
Mr S B Dobson
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

The company is a private limited company incorporated in England and Wales. The registered office of the company is Buckleys House, Unit G, Concept Court, Shearway Road, Folkestone, Kent, CT19 4RG.

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 presented for the 9 month period to 31 October 2024. The reason for the shorter period being to align the period end date with that of the Noar, Limited Group. The previous financial statements were presented for the 10 month period to 31 January 2024. Due to differing period lengths, the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

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

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 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

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.

 
2.6

Current and deferred taxation

The tax expense for the period 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.


 
2.7

Development costs

Expenditure incurred on pure and applied research is written off to the profit and loss account as it is incurred. Where development of new products is undertaken with a reasonable expectation of specific commercial success, and of future benefits arising, the expenditure incurred is carried forward and subsequently written off over the anticipated period of income generation or cost savings, arising from the product investment.

Page 4

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 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, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20%
Plant and machinery
-
20%
Motor vehicles
-
25%
Fixtures and fittings
-
6.7%
Computer equipment
-
33.3%

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.

 
2.15

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Page 6

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
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 period was 23 (2024 - 24).

Page 7

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

4.


Tangible fixed assets







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



Cost or valuation


At 1 February 2024
1,534
579,440
17,498
145,914
149,788
894,174


Additions
-
57,421
-
-
12,357
69,778


Disposals
-
(130)
-
-
(20,925)
(21,055)



At 31 October 2024

1,534
636,731
17,498
145,914
141,220
942,897



Depreciation


At 1 February 2024
-
316,542
5,469
110,601
109,602
542,214


Charge for the period on owned assets
-
28,501
2,461
2,412
18,049
51,423


Disposals
-
(54)
-
-
(20,925)
(20,979)



At 31 October 2024

-
344,989
7,930
113,013
106,726
572,658



Net book value



At 31 October 2024
£1,534
£291,742
£9,568
£32,901
£34,494
£370,239



At 31 January 2024
£1,534
£262,898
£12,029
£35,313
£40,186
£351,960


5.


Fixed asset investments








Investments in subsidiary companies





At 1 February 2024
1


Disposals
(1)



At 31 October 2024
£-




Page 8

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

6.


Debtors

31 October
31 January
2024
2024


Trade debtors
168,721
137,937

Other debtors
74,149
24,661

Prepayments and accrued income
36,377
16,722

£279,247
£179,320


Included within other debtors due within one year are loans to two key management personnel amounting to 18,752 (31 January 2024: £nil). Interest at a rate of 5% amounting to £732 (period to 31 January 2024: £nil) was paid to the company in the period. 


7.


Cash and cash equivalents

31 October
31 January
2024
2024

Cash at bank and in hand
£192,037
£1,678,850



8.


Creditors: Amounts falling due within one year

31 October
31 January
2024
2024

Trade creditors
93,302
173,952

Amounts owed to group undertakings
20,807
1

Corporation tax
98,619
109,873

Other taxation and social security
23,596
25,822

Other creditors
4,327
5,001

Accruals and deferred income
38,012
192,422

£278,663
£507,071



9.


Financial instruments

31 October
31 January
2024
2024

Financial assets


Financial assets measured at fair value through profit or loss
£192,037
£1,678,850




Financial assets measured at fair value through profit or loss comprise cash and bank deposits.

Page 9

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

10.


Deferred taxation






2024





At beginning of year
(83,701)


Charged to profit or loss
1,326



At end of year
£(82,375)

The provision for deferred taxation is made up as follows:

31 October
31 January
2024
2024


Accelerated capital allowances
£82,375
£83,701


11.


Share capital

31 October
31 January
2024
2024
Allotted, called up and fully paid



3,685 (2024 - 1,660) Ordinary shares of £1.00 each
3,685
1,660
Nil (2024 - 530) Ordinary A shares of £1.00 each
-
530
Nil (2024 - 655) Ordinary B shares of £1.00 each
-
655
Nil (2024 - 655) Ordinary C shares of £1.00 each
-
655
Nil (2024 - 185) Ordinary D shares of £1.00 each
-
185

£3,685

£3,685



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 £33,546 (period to 31 January 2024 - £72,699). Contributions totalling £262 (31 January 2024 - £249) were payable to the fund at the balance sheet date and are included in creditors.

Page 10

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

13.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

31 October
31 January
2024
2024


Not later than 1 year
75,818
73,280

Later than 1 year and not later than 5 years
297,219
293,120

Later than 5 years
29,333
79,413

£402,370
£445,813


14.Other financial commitments

The company has outstanding charges to Noar, Limited and John Paul Hoveman in respect of loan notes held in Buckleys International Limited. The charges are fixed and floating over all the property of the company.


15.


Related party transactions

During the period the company received management fees amounting to £3,533 (period to 31 January 2024: £nil) from Buckleys International Limited in respect of payroll costs recharged. During the period, the company paid £60,000 management charges in respect to the management services provided by Buckleys International Limited
At the balance sheet date, the company owed Buckleys International Limited £20,807 (31 January 2024: £nil) in respect of monies advanced.

Page 11

 
BUCKLEYS (UVRAL) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

16.

Ultimate parent undertaking and controlling party

At the balance sheet date, the immediate parent undertaking is Buckleys International Limited, a company incorporated in England and Wales. 
Buckleys International Limited is the controlling party of the company.
The parent undertaking of the smallest group to consolidate their financial statements is Noar, Limited, a company incorporated in England and Wales. The registered office of the company is Estate Office Rotherfield Park Estate, East Tisted, Alton, GU34 3QN.
The parent undertaking of the largest group to consolidate these financial statements is Noar, Limited, a company incorporated in England and Wales. The registered address of the company is Estate Office Rotherfield Park Estate, East Tisted, Alton, GU34 3QN.
The ultimate parent undertaking is Noar, Limited, a company incorporated in England and Wales.
Noar, Limited is also the most senior parent entity producing publicly available financial statements.
Noar, Limited is the ultimate controlling party of the company. The controlling party of the parent undertaking is Noar, Limited.



17.


Auditors' information

The auditors' report on the financial statements for the period ended 31 October 2024 was unqualified.

The audit report was signed on 28 March 2025 by Joshua Conlon FCCA (Senior statutory auditor) on behalf of Magee Gammon Corporate Limited.


Page 12