Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302025-05-01truefalse2023-10-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07720055 2023-10-01 2024-09-30 07720055 2022-10-01 2023-09-30 07720055 2024-09-30 07720055 2023-09-30 07720055 c:Director1 2023-10-01 2024-09-30 07720055 d:MotorVehicles 2023-10-01 2024-09-30 07720055 d:FurnitureFittings 2023-10-01 2024-09-30 07720055 d:FurnitureFittings 2024-09-30 07720055 d:FurnitureFittings 2023-09-30 07720055 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07720055 d:OfficeEquipment 2023-10-01 2024-09-30 07720055 d:OfficeEquipment 2024-09-30 07720055 d:OfficeEquipment 2023-09-30 07720055 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07720055 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 07720055 d:Goodwill 2023-10-01 2024-09-30 07720055 d:Goodwill 2024-09-30 07720055 d:Goodwill 2023-09-30 07720055 d:CurrentFinancialInstruments 2024-09-30 07720055 d:CurrentFinancialInstruments 2023-09-30 07720055 d:Non-currentFinancialInstruments 2024-09-30 07720055 d:Non-currentFinancialInstruments 2023-09-30 07720055 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 07720055 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 07720055 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 07720055 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 07720055 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 07720055 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 07720055 d:ShareCapital 2024-09-30 07720055 d:ShareCapital 2023-09-30 07720055 d:RetainedEarningsAccumulatedLosses 2024-09-30 07720055 d:RetainedEarningsAccumulatedLosses 2023-09-30 07720055 c:OrdinaryShareClass1 2023-10-01 2024-09-30 07720055 c:OrdinaryShareClass1 2024-09-30 07720055 c:OrdinaryShareClass1 2023-09-30 07720055 c:FRS102 2023-10-01 2024-09-30 07720055 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07720055 c:FullAccounts 2023-10-01 2024-09-30 07720055 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07720055 2 2023-10-01 2024-09-30 07720055 d:Goodwill d:OwnedIntangibleAssets 2023-10-01 2024-09-30 07720055 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07720055










SRB AGENCIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SRB AGENCIES LIMITED
REGISTERED NUMBER: 07720055

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
18,371
20,652

Tangible assets
 5 
11,066
12,843

  
29,437
33,495

Current assets
  

Work in progress
 6 
31,095
28,410

Debtors: amounts falling due within one year
 7 
119,634
117,001

Cash at bank and in hand
  
49,082
24,361

  
199,811
169,772

Creditors: amounts falling due within one year
 8 
(148,006)
(105,855)

Net current assets
  
 
 
51,805
 
 
63,917

Total assets less current liabilities
  
81,242
97,412

Creditors: amounts falling due after more than one year
 9 
(10,878)
(20,900)

Provisions for liabilities
  

Deferred tax
  
(2,103)
(2,744)

  
 
 
(2,103)
 
 
(2,744)

Net assets
  
68,261
73,768


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
68,161
73,668

  
68,261
73,768


Page 1

 
SRB AGENCIES LIMITED
REGISTERED NUMBER: 07720055
    
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 by: 




Mr S R Barker
Director

Date: 1 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SRB AGENCIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

SRB Agencies Limited, 07720055, is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 34 Fox Avenue, Shrewsbury, Shropshire, SY2 6FX.

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

Interest income

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

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SRB AGENCIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


Page 4

 
SRB AGENCIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

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 Profit and loss account 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.

 
2.9

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:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance

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.

 
2.10

Stocks

Work in progress relates to commissions due for the period in question and invoiced after the year
end. Included at the invoiced amount.

 
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.

Page 5

 
SRB AGENCIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.

 
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

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 year was 4 (2023 - 4).

Page 6

 
SRB AGENCIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
45,625



At 30 September 2024

45,625



Amortisation


At 1 October 2023
24,973


Charge for the year on owned assets
2,281



At 30 September 2024

27,254



Net book value



At 30 September 2024
18,371



At 30 September 2023
20,652



Page 7

 
SRB AGENCIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 October 2023
11,888
18,910
30,798


Additions
395
313
708



At 30 September 2024

12,283
19,223
31,506



Depreciation


At 1 October 2023
6,099
11,856
17,955


Charge for the year on owned assets
928
1,557
2,485



At 30 September 2024

7,027
13,413
20,440



Net book value



At 30 September 2024
5,256
5,810
11,066



At 30 September 2023
5,789
7,054
12,843


6.


Work in progress

2024
2023
£
£

Work in progress
31,095
28,410

31,095
28,410


Page 8

 
SRB AGENCIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
3,038
30,405

Amounts owed by group undertakings
116,596
86,596

119,634
117,001



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
2,344
1,212

Other taxation and social security
60,105
51,633

Other creditors
72,657
40,495

Accruals and deferred income
2,900
2,515

148,006
105,855



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,878
20,900

10,878
20,900


Page 9

 
SRB AGENCIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000



Amounts falling due after more than 5 years

Bank loans
10,878
20,900

10,878
20,900

20,878
30,900



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 10