Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseNo description of principal activity2629false 07699315 2024-12-31 07699315 2024-01-01 2024-12-31 07699315 2023-01-01 2023-12-31 07699315 2023-12-31 07699315 c:Director1 2024-01-01 2024-12-31 07699315 c:Director2 2024-01-01 2024-12-31 07699315 c:RegisteredOffice 2024-01-01 2024-12-31 07699315 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 07699315 d:Buildings d:LongLeaseholdAssets 2024-12-31 07699315 d:Buildings d:LongLeaseholdAssets 2023-12-31 07699315 d:PlantMachinery 2024-01-01 2024-12-31 07699315 d:PlantMachinery 2024-12-31 07699315 d:PlantMachinery 2023-12-31 07699315 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07699315 d:MotorVehicles 2024-01-01 2024-12-31 07699315 d:MotorVehicles 2024-12-31 07699315 d:MotorVehicles 2023-12-31 07699315 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07699315 d:FurnitureFittings 2024-01-01 2024-12-31 07699315 d:FurnitureFittings 2024-12-31 07699315 d:FurnitureFittings 2023-12-31 07699315 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07699315 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07699315 d:Goodwill 2024-01-01 2024-12-31 07699315 d:Goodwill 2024-12-31 07699315 d:Goodwill 2023-12-31 07699315 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 07699315 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 07699315 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 07699315 d:CurrentFinancialInstruments 2024-12-31 07699315 d:CurrentFinancialInstruments 2023-12-31 07699315 d:Non-currentFinancialInstruments 2024-12-31 07699315 d:Non-currentFinancialInstruments 2023-12-31 07699315 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07699315 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07699315 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07699315 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07699315 d:ShareCapital 2024-12-31 07699315 d:ShareCapital 2023-12-31 07699315 d:SharePremium 2024-12-31 07699315 d:SharePremium 2023-12-31 07699315 d:CapitalRedemptionReserve 2024-12-31 07699315 d:CapitalRedemptionReserve 2023-12-31 07699315 d:RetainedEarningsAccumulatedLosses 2024-12-31 07699315 d:RetainedEarningsAccumulatedLosses 2023-12-31 07699315 c:FRS102 2024-01-01 2024-12-31 07699315 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07699315 c:FullAccounts 2024-01-01 2024-12-31 07699315 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07699315 d:WithinOneYear 2024-12-31 07699315 d:WithinOneYear 2023-12-31 07699315 d:BetweenOneFiveYears 2024-12-31 07699315 d:BetweenOneFiveYears 2023-12-31 07699315 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 07699315 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 07699315







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


THAMES VALLEY REGION LIMITED






































img3f3a.png                        

 


THAMES VALLEY REGION LIMITED
 


 
COMPANY INFORMATION


Directors
Mrs P I Roberts 
Mr R Roberts 




Registered number
07699315



Registered office
Unit 11 Basingstoke Road

Reading

Berkshire

RG7 1WY




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


THAMES VALLEY REGION LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


THAMES VALLEY REGION LIMITED
REGISTERED NUMBER:07699315



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
89,389
107,872

Tangible assets
 5 
54,105
75,550

  
143,494
183,422

Current assets
  

Stocks
  
17,447
15,619

Debtors: amounts falling due within one year
 6 
66,185
117,114

Cash at bank and in hand
  
56,202
30,846

  
139,834
163,579

Creditors: amounts falling due within one year
 7 
(202,116)
(232,512)

Net current liabilities
  
 
 
(62,282)
 
 
(68,933)

Total assets less current liabilities
  
81,212
114,489

Creditors: amounts falling due after more than one year
 8 
(23,733)
(74,248)

  

Net assets
  
57,479
40,241


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Share premium account
  
66,662
66,662

Capital redemption reserve
  
4,061
4,061

Profit and loss account
  
(15,244)
(32,482)

  
57,479
40,241


Page 1

 


THAMES VALLEY REGION LIMITED
REGISTERED NUMBER:07699315


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 by: 




................................................
Mr R Roberts
Director

Date: 14 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


THAMES VALLEY REGION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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.

 
2.4

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


THAMES VALLEY REGION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

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 Income and Retained Earnings over its useful economic life.

Other intangible assets

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.

 The estimated useful lives range as follows:

Goodwill
-
20
years
Franchise
-
5
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, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10% straight line
Plant and machinery
-
15% straight line
Motor Vehicles
-
15% straight line
Fixtures and fittings and equipment
-
25% 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.

 
2.7

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 reporting 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.

Page 4

 


THAMES VALLEY REGION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 26 (2023 -29).


4.


Intangible assets




Franchise
Goodwill
Total

£
£
£



Cost


At 1 January 2024
13,000
369,668
382,668



At 31 December 2024

13,000
369,668
382,668



Amortisation


At 1 January 2024
13,000
261,796
274,796


Charge for the year on owned assets
-
18,483
18,483



At 31 December 2024

13,000
280,279
293,279



Net book value



At 31 December 2024
-
89,389
89,389



At 31 December 2023
-
107,872
107,872



Page 5

 


THAMES VALLEY REGION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





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

£
£
£
£
£



Cost or valuation


At 1 January 2024
31,396
231,222
14,912
65,482
343,012


Additions
192
606
267
-
1,065


Disposals
-
-
-
(10,000)
(10,000)



At 31 December 2024

31,588
231,828
15,179
55,482
334,077



Depreciation


At 1 January 2024
21,857
186,698
14,499
44,408
267,462


Charge for the year on owned assets
3,146
10,417
186
6,386
20,135


Disposals
-
-
-
(7,625)
(7,625)



At 31 December 2024

25,003
197,115
14,685
43,169
279,972



Net book value



At 31 December 2024
6,585
34,713
494
12,313
54,105



At 31 December 2023
9,539
44,524
413
21,074
75,550


6.


Debtors

2024
2023
£
£


Trade debtors
66,185
109,614

Prepayments and accrued income
-
7,500

66,185
117,114


Page 6

 


THAMES VALLEY REGION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,243
37,286

Trade creditors
95,287
83,050

Other taxation and social security
71,536
86,121

Obligations under finance lease and hire purchase contracts
5,391
5,391

Other creditors
17,409
16,689

Accruals and deferred income
4,250
3,975

202,116
232,512


The loan is secured over the company assets by the virtue of fixed and floated charges.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,278
21,555

Net obligations under finance leases and hire purchase contracts
6,935
12,326

Other creditors
6,520
40,367

23,733
74,248


The loan is secured over the company assets by the virtue of fixed and floated charges.
Included within other creditors falling due after more than one year, there is a directors loan total of £6,520 (2023 - £40,367) which is interest free and repayable on demand.


9.


Commitments under operating leases

At 31 December 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
25,000
25,000

Later than 1 year and not later than 5 years
-
25,000

25,000
50,000

 
Page 7