Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-301Holding company2023-10-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10960581 2023-10-01 2024-09-30 10960581 2022-10-01 2023-09-30 10960581 2024-09-30 10960581 2023-09-30 10960581 c:Director1 2023-10-01 2024-09-30 10960581 d:PlantMachinery 2023-10-01 2024-09-30 10960581 d:PlantMachinery 2024-09-30 10960581 d:PlantMachinery 2023-09-30 10960581 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10960581 d:CurrentFinancialInstruments 2024-09-30 10960581 d:CurrentFinancialInstruments 2023-09-30 10960581 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10960581 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10960581 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 10960581 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 10960581 d:ShareCapital 2024-09-30 10960581 d:ShareCapital 2023-09-30 10960581 d:CapitalRedemptionReserve 2024-09-30 10960581 d:CapitalRedemptionReserve 2023-09-30 10960581 d:RetainedEarningsAccumulatedLosses 2024-09-30 10960581 d:RetainedEarningsAccumulatedLosses 2023-09-30 10960581 c:FRS102 2023-10-01 2024-09-30 10960581 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10960581 c:FullAccounts 2023-10-01 2024-09-30 10960581 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10960581 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 10960581 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 10960581 2 2023-10-01 2024-09-30 10960581 6 2023-10-01 2024-09-30 10960581 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 10960581










EXTREME GROUP HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
EXTREME GROUP HOLDINGS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EXTREME GROUP HOLDINGS LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Extreme Group Holdings Limited for the year ended 30 September 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Extreme Group Holdings Limited in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Extreme Group Holdings Limited and state those matters that we have agreed to state to the director of Extreme Group Holdings Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Extreme Group Holdings Limited and its director for our work or for this report. 

It is your duty to ensure that Extreme Group Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Extreme Group Holdings Limited. You consider that Extreme Group Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Extreme Group Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
17 April 2025
Page 1

 
EXTREME GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 10960581

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 5 
2,093,132
1,715,652

Investments
 6 
102
102

  
2,093,234
1,715,754

Current assets
  

Debtors: amounts falling due within one year
 7 
401,822
-

Cash at bank and in hand
  
332,751
903,757

  
734,573
903,757

Creditors: amounts falling due within one year
 8 
(267,828)
(345,521)

Net current assets
  
 
 
466,745
 
 
558,236

Total assets less current liabilities
  
2,559,979
2,273,990

Creditors: amounts falling due after more than one year
  
(50)
(50)

Provisions for liabilities
  

Deferred tax
 9 
(523,283)
(313,845)

  
 
 
(523,283)
 
 
(313,845)

Net assets
  
2,036,646
1,960,095


Capital and reserves
  

Called up share capital 
  
40
40

Capital redemption reserve
  
110
110

Profit and loss account
  
2,036,496
1,959,945

  
2,036,646
1,960,095


Page 2

 
EXTREME GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 10960581
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers 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 director acknowledges his 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 on 17 April 2025.




L Tunstall
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
EXTREME GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

Interest income

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

Page 4

 
EXTREME GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.4

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 reporting 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 reporting 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 reporting date.


 
1.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

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.

Page 5

 
EXTREME GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
1.7

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.

 
1.8

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.

 
1.9

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.

 
1.10

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.

 
1.11

Dividends

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Page 6

 
EXTREME GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is: 10960581
Its Registered Office is: 
Unit 1
Knowl Piece
Hitchin
Hertfordshire
SG4 0TY


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

There have been no significant judgements made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 October 2023
2,868,942


Additions
947,961



At 30 September 2024

3,816,903



Depreciation


At 1 October 2023
1,153,290


Charge for the year on owned assets
570,481



At 30 September 2024

1,723,771



Net book value



At 30 September 2024
2,093,132



At 30 September 2023
1,715,652

Page 7

 
EXTREME GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 October 2023
102



At 30 September 2024
102





7.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
401,822
-

401,822
-



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
265,483
25,901

Corporation tax
-
90,769

Other taxation and social security
845
17,525

Other creditors
-
210,101

Accruals and deferred income
1,500
1,225

267,828
345,521


Page 8

 
EXTREME GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Deferred taxation




2024


£






At beginning of year
(313,845)


Charged to profit or loss
(209,438)



At end of year
(523,283)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(523,283)
(313,845)

(523,283)
(313,845)


10.


Related party transactions

During the period the Company recorded net sales of £1,279,050 (2023: £646,000) to its subsidiary company Extreme Scaffolding Services Limited. Included within debtors is an intercompany balance of £348,822 (2023: -£208,645).
Also included within debtors is an intercompany balance of £53,000 due from a related party, Hardy-Tunstall Engineering Ltd.

Page 9