Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-2062023-09-01falsefalseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13591195 2023-09-01 2024-08-31 13591195 2022-09-01 2023-08-31 13591195 2024-08-31 13591195 2023-08-31 13591195 c:Director1 2023-09-01 2024-08-31 13591195 d:PlantMachinery 2023-09-01 2024-08-31 13591195 d:PlantMachinery 2024-08-31 13591195 d:PlantMachinery 2023-08-31 13591195 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13591195 d:FurnitureFittings 2023-09-01 2024-08-31 13591195 d:FurnitureFittings 2024-08-31 13591195 d:FurnitureFittings 2023-08-31 13591195 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13591195 d:OfficeEquipment 2023-09-01 2024-08-31 13591195 d:OfficeEquipment 2024-08-31 13591195 d:OfficeEquipment 2023-08-31 13591195 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13591195 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13591195 d:CurrentFinancialInstruments 2024-08-31 13591195 d:CurrentFinancialInstruments 2023-08-31 13591195 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13591195 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13591195 d:ShareCapital 2024-08-31 13591195 d:ShareCapital 2023-08-31 13591195 d:RetainedEarningsAccumulatedLosses 2024-08-31 13591195 d:RetainedEarningsAccumulatedLosses 2023-08-31 13591195 c:OrdinaryShareClass1 2023-09-01 2024-08-31 13591195 c:OrdinaryShareClass1 2024-08-31 13591195 c:OrdinaryShareClass1 2023-08-31 13591195 c:FRS102 2023-09-01 2024-08-31 13591195 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13591195 c:FullAccounts 2023-09-01 2024-08-31 13591195 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13591195 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13591195










LEAF AND BEAN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
LEAF AND BEAN LIMITED
REGISTERED NUMBER: 13591195

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
14,647
20,106

  
14,647
20,106

Current assets
  

Stocks
  
3,000
3,000

Debtors: amounts falling due within one year
 5 
1,618
1,392

Bank current accounts
  
20,881
14,807

  
25,499
19,199

Creditors: amounts falling due within one year
 6 
(18,487)
(25,967)

Net current assets/(liabilities)
  
 
 
7,012
 
 
(6,768)

Total assets less current liabilities
  
21,659
13,338

Provisions for liabilities
  

Deferred tax
  
(2,783)
(3,114)

  
 
 
(2,783)
 
 
(3,114)

Net assets
  
18,876
10,224


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
18,875
10,223

  
18,876
10,224


Page 1

 
LEAF AND BEAN LIMITED
REGISTERED NUMBER: 13591195

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 her 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 20 May 2025.




Christine Ellis
Director

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

Page 2

 
LEAF AND BEAN LIMITED
 

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

1.


GENERAL INFORMATION

Leaf And Bean Limited is a UK company incorporated in England and Wales with a registered number of 13591195 and registered office of 19 Cannons Gate, Clevedon, BS21 5HJ.

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:

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.

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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

 
LEAF AND BEAN LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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.


 
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:

Plant and machinery
-
25%
straight line
Fixtures and fittings
-
25%
straight line
Office 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.

Page 4

 
LEAF AND BEAN LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
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 weighted average 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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
LEAF AND BEAN LIMITED
 

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

3.


EMPLOYEES

2024
2023
£
£

Wages and salaries
80,342
70,720

Cost of defined contribution scheme
901
811

81,243
71,531


The average monthly number of employees, including directors, during the year was 6 (2023 - 4).


4.


TANGIBLE FIXED ASSETS





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
4,423
22,678
1,793
28,894


Additions
609
1,743
-
2,352



At 31 August 2024

5,032
24,421
1,793
31,246



Depreciation


At 1 September 2023
2,159
6,338
291
8,788


Charge for the year on owned assets
1,258
6,105
448
7,811



At 31 August 2024

3,417
12,443
739
16,599



Net book value



At 31 August 2024
1,615
11,978
1,054
14,647


5.


DEBTORS

2024
2023
£
£


Other debtors
844
-

Prepayments and accrued income
774
1,392

1,618
1,392


Page 6

 
LEAF AND BEAN LIMITED
 

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

6.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,223
-

Corporation tax
905
-

Other taxation and social security
1,661
1,008

Other creditors
13,161
23,673

Accruals and deferred income
1,537
1,286

18,487
25,967



7.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


PENSION COMMITMENTS

The company operates a defined contributions 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 £901 2023: £811. Contributions totalling £368 (2023: £Nil) were payable to the fund at the reporting date and are included in creditors.


Page 7