Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30false2023-10-01No description of principal activity1212truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00818095 2023-10-01 2024-09-30 00818095 2022-10-01 2023-09-30 00818095 2024-09-30 00818095 2023-09-30 00818095 c:Director1 2023-10-01 2024-09-30 00818095 d:Buildings 2023-10-01 2024-09-30 00818095 d:Buildings 2024-09-30 00818095 d:Buildings 2023-09-30 00818095 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00818095 d:FurnitureFittings 2023-10-01 2024-09-30 00818095 d:FurnitureFittings 2024-09-30 00818095 d:FurnitureFittings 2023-09-30 00818095 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00818095 d:ComputerEquipment 2023-10-01 2024-09-30 00818095 d:ComputerEquipment 2024-09-30 00818095 d:ComputerEquipment 2023-09-30 00818095 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00818095 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00818095 d:CurrentFinancialInstruments 2024-09-30 00818095 d:CurrentFinancialInstruments 2023-09-30 00818095 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00818095 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00818095 d:ShareCapital 2024-09-30 00818095 d:ShareCapital 2023-09-30 00818095 d:RevaluationReserve 2024-09-30 00818095 d:RevaluationReserve 2023-09-30 00818095 d:RetainedEarningsAccumulatedLosses 2024-09-30 00818095 d:RetainedEarningsAccumulatedLosses 2023-09-30 00818095 c:FRS102 2023-10-01 2024-09-30 00818095 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00818095 c:FullAccounts 2023-10-01 2024-09-30 00818095 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00818095 2 2023-10-01 2024-09-30 00818095 5 2023-10-01 2024-09-30 00818095 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 00818095 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 00818095 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 00818095









DARBY & LIFFEN LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
DARBY & LIFFEN LIMITED
REGISTERED NUMBER: 00818095

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
139,385
147,573

  
139,385
147,573

Current assets
  

Debtors: amounts falling due within one year
 5 
13,078
4,360

Cash at bank and in hand
  
46,172
63,551

  
59,250
67,911

Creditors: amounts falling due within one year
 6 
(87,613)
(65,738)

Net current (liabilities)/assets
  
 
 
(28,363)
 
 
2,173

Total assets less current liabilities
  
111,022
149,746

Provisions for liabilities
  

Deferred tax
 7 
(1,255)
(1,610)

  
 
 
(1,255)
 
 
(1,610)

Net assets
  
109,767
148,136


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
95,149
101,963

Profit and loss account
  
14,518
46,073

  
109,767
148,136


Page 1

 
DARBY & LIFFEN LIMITED
REGISTERED NUMBER: 00818095

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 on 1 April 2025.




Mr O T W Darby
Director

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

Page 2

 
DARBY & LIFFEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Darby & Liffen Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 00818095. The address of the registered office is 42 Bells Road, Gorleston on Sea, Great Yarmouth, Norfolk, NR31 6AN.

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

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 value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
Straight line over remaning building life expectancy
Fixtures and fittings
-
25%
Reducing balance
Computer equipment
-
33%
Straight line

Page 3

 
DARBY & LIFFEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

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.

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.

 
2.8

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.

 
2.9

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.

Page 4

 
DARBY & LIFFEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Interest income

Interest income is recognised in profit or loss 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.

Page 5

 
DARBY & LIFFEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.15

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).

Page 6

 
DARBY & LIFFEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
150,000
29,600
8,797
188,397


Additions
-
-
690
690


Disposals
-
-
(1,949)
(1,949)



At 30 September 2024

150,000
29,600
7,538
187,138



Depreciation


At 1 October 2023
6,814
26,334
7,676
40,824


Charge for the year on owned assets
6,814
816
1,248
8,878


Disposals
-
-
(1,949)
(1,949)



At 30 September 2024

13,628
27,150
6,975
47,753



Net book value



At 30 September 2024
136,372
2,450
563
139,385



At 30 September 2023
143,186
3,266
1,121
147,573

 
 
Cost or valuation at 30 September 2024 is as follows:

Freehold Property
£


At cost
82,941
By valuation:

Increase in valuation
67,059



150,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
82,941
82,941

Accumulated depreciation
(41,718)
(40,060)

Net book value
41,223
42,881

Page 7

 
DARBY & LIFFEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
11,581
1,848

Prepayments
1,497
2,512

13,078
4,360



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,988
6,169

Corporation tax
21,703
20,861

Other taxation and social security
25,708
21,707

Other creditors
29,344
13,281

Accruals
3,870
3,720

87,613
65,738



7.


Deferred taxation




2024


£






At beginning of year
1,610


Charged to profit or loss
(355)



At end of year
1,255

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,255
1,610

Page 8

 
DARBY & LIFFEN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8.


Pension commitments

The Company operates a defined contribution 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 £4,366 (2023 - £4,724). Contributions totalling £217 (2023 - £204) were payable to the fund at the balance sheet date and are included in creditors.


Page 9