Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312025-05-28No description of principal activityfalse2023-08-01false44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01838421 2023-08-01 2024-07-31 01838421 2022-08-01 2023-07-31 01838421 2024-07-31 01838421 2023-07-31 01838421 c:Director3 2023-08-01 2024-07-31 01838421 d:Buildings 2023-08-01 2024-07-31 01838421 d:Buildings 2024-07-31 01838421 d:Buildings 2023-07-31 01838421 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01838421 d:PlantMachinery 2023-08-01 2024-07-31 01838421 d:PlantMachinery 2024-07-31 01838421 d:PlantMachinery 2023-07-31 01838421 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01838421 d:MotorVehicles 2023-08-01 2024-07-31 01838421 d:MotorVehicles 2024-07-31 01838421 d:MotorVehicles 2023-07-31 01838421 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01838421 d:FurnitureFittings 2023-08-01 2024-07-31 01838421 d:FurnitureFittings 2024-07-31 01838421 d:FurnitureFittings 2023-07-31 01838421 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01838421 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01838421 d:CurrentFinancialInstruments 2024-07-31 01838421 d:CurrentFinancialInstruments 2023-07-31 01838421 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 01838421 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 01838421 d:ShareCapital 2024-07-31 01838421 d:ShareCapital 2023-07-31 01838421 d:RetainedEarningsAccumulatedLosses 2024-07-31 01838421 d:RetainedEarningsAccumulatedLosses 2023-07-31 01838421 c:FRS102 2023-08-01 2024-07-31 01838421 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01838421 c:FullAccounts 2023-08-01 2024-07-31 01838421 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01838421 2 2023-08-01 2024-07-31 01838421 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 01838421 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 01838421 d:TaxLossesCarry-forwardsDeferredTax 2024-07-31 01838421 d:TaxLossesCarry-forwardsDeferredTax 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 01838421










FERNBROOK BUILDERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
FERNBROOK BUILDERS LIMITED
REGISTERED NUMBER:01838421

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
124,056
151,421

Current assets
  

Stocks
  
1,655,672
1,023,547

Debtors: amounts falling due within one year
 5 
1,902,650
2,671,219

Cash at bank and in hand
 6 
37,728
49,208

  
3,596,050
3,743,974

Creditors: amounts falling due within one year
 7 
(152,754)
(263,200)

Net current assets
  
 
 
3,443,296
 
 
3,480,774

Total assets less current liabilities
  
3,567,352
3,632,195

  

Net assets
  
3,567,352
3,632,195


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
3,557,352
3,622,195

  
3,567,352
3,632,195

Page 1

 
FERNBROOK BUILDERS LIMITED
REGISTERED NUMBER:01838421
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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: 






................................................
S A Cherry
Director

Date: 28 May 2025


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FERNBROOK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Fernbrook Builders Limited is a private company limited by shares, incopropated in England, registered number 01838421, with a registered office at 158 Washbrook Road, Rushden, NN10 6AA.

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

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

 
FERNBROOK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

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 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.

 
2.5

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, .

Depreciation is provided on the following basis:

Freehold property
-
4% of property cost
Plant and machinery
-
15% of net book value
Motor vehicles
-
25% of net book value
Fixtures and fittings
-
15% of net book value

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 4

 
FERNBROOK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.
Page 5

 
FERNBROOK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instrument 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 ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
FERNBROOK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
206,766
332,582
24,535
57,340
621,223


Additions
-
432
-
-
432


Disposals
-
(67,121)
(17,335)
-
(84,456)



At 31 July 2024

206,766
265,893
7,200
57,340
537,199



Depreciation


At 1 August 2023
129,408
265,603
21,706
53,085
469,802


Charge for the year on owned assets
8,271
8,978
707
638
18,594


Disposals
-
(59,991)
(15,262)
-
(75,253)



At 31 July 2024

137,679
214,590
7,151
53,723
413,143



Net book value



At 31 July 2024
69,087
51,303
49
3,617
124,056



At 31 July 2023
77,358
66,979
2,829
4,255
151,421


5.


Debtors

2024
2023
£
£


Trade debtors
25,400
28,328

Amounts owed by group undertakings
768,998
768,998

Other debtors
111,399
983,183

Prepayments and accrued income
814,927
716,613

Deferred taxation
181,926
174,097

1,902,650
2,671,219


Page 7

 
FERNBROOK BUILDERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
37,728
49,208



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
97,297
46,247

Other taxation and social security
-
205,321

Other creditors
49,957
6,132

Accruals and deferred income
5,500
5,500

152,754
263,200



8.


Deferred taxation




2024


£






At beginning of year
174,097


Charged to profit or loss
7,829



At end of year
181,926

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(13,742)
(10,245)

Tax losses carried forward
195,668
184,342

181,926
174,097

 
Page 8