Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-212025-05-21false2023-06-012226truetruefalse 01138871 2023-06-01 2024-05-31 01138871 2022-06-01 2023-05-31 01138871 2024-05-31 01138871 2023-05-31 01138871 2022-06-01 01138871 c:Director3 2023-06-01 2024-05-31 01138871 c:Director4 2023-06-01 2024-05-31 01138871 d:Buildings 2023-06-01 2024-05-31 01138871 d:Buildings 2024-05-31 01138871 d:Buildings 2023-05-31 01138871 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01138871 d:Buildings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01138871 d:MotorVehicles 2023-06-01 2024-05-31 01138871 d:MotorVehicles 2024-05-31 01138871 d:MotorVehicles 2023-05-31 01138871 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01138871 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01138871 d:FurnitureFittings 2023-06-01 2024-05-31 01138871 d:FurnitureFittings 2024-05-31 01138871 d:FurnitureFittings 2023-05-31 01138871 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01138871 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01138871 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01138871 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01138871 d:FreeholdInvestmentProperty 2024-05-31 01138871 d:FreeholdInvestmentProperty 2023-05-31 01138871 d:CurrentFinancialInstruments 2024-05-31 01138871 d:CurrentFinancialInstruments 2023-05-31 01138871 d:Non-currentFinancialInstruments 2024-05-31 01138871 d:Non-currentFinancialInstruments 2023-05-31 01138871 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 01138871 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01138871 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 01138871 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 01138871 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 01138871 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 01138871 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 01138871 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 01138871 d:ShareCapital 2024-05-31 01138871 d:ShareCapital 2023-05-31 01138871 d:ShareCapital 2022-06-01 01138871 d:CapitalRedemptionReserve 2023-06-01 2024-05-31 01138871 d:CapitalRedemptionReserve 2024-05-31 01138871 d:CapitalRedemptionReserve 2022-06-01 2023-05-31 01138871 d:CapitalRedemptionReserve 2023-05-31 01138871 d:CapitalRedemptionReserve 2022-06-01 01138871 d:RevaluationReserve 2023-06-01 2024-05-31 01138871 d:RevaluationReserve 2024-05-31 01138871 d:RevaluationReserve 2022-06-01 2023-05-31 01138871 d:RevaluationReserve 2023-05-31 01138871 d:RevaluationReserve 2022-06-01 01138871 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 01138871 d:RetainedEarningsAccumulatedLosses 2024-05-31 01138871 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 01138871 d:RetainedEarningsAccumulatedLosses 2023-05-31 01138871 d:RetainedEarningsAccumulatedLosses 2022-06-01 01138871 c:FRS102 2023-06-01 2024-05-31 01138871 c:Audited 2023-06-01 2024-05-31 01138871 c:FullAccounts 2023-06-01 2024-05-31 01138871 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01138871 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 01138871 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 01138871 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 01138871 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 01138871 c:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 01138871 5 2023-06-01 2024-05-31 01138871 6 2023-06-01 2024-05-31 01138871 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-31 01138871 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 01138871 d:LeasedAssetsHeldAsLessee 2024-05-31 01138871 d:LeasedAssetsHeldAsLessee 2023-05-31 01138871 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 01138871










ROBERT KIRKLAND (BLYTH) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
ROBERT KIRKLAND (BLYTH) LIMITED
REGISTERED NUMBER: 01138871

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
129,197
151,037

Investments
 5 
25,118
12,497

Investment property
 6 
485,000
485,000

  
639,315
648,534

Current assets
  

Stocks
  
112,474
10,722

Debtors: amounts falling due within one year
 7 
553,398
480,497

Cash at bank and in hand
 8 
228,999
160,355

  
894,871
651,574

Creditors: amounts falling due within one year
 9 
(834,426)
(730,253)

Net current assets/(liabilities)
  
 
 
60,445
 
 
(78,679)

Total assets less current liabilities
  
699,760
569,855

Creditors: amounts falling due after more than one year
 10 
(35,366)
(41,036)

  

Net assets
  
664,394
528,819


Capital and reserves
  

Called up share capital 
  
3,505
3,505

Fair value reserve
  
132,671
132,671

Capital redemption reserve
  
3,506
3,506

Profit and loss account
  
524,712
389,137

  
664,394
528,819


Page 1

 
ROBERT KIRKLAND (BLYTH) LIMITED
REGISTERED NUMBER: 01138871
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

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 comprehensive income 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 21 May 2025.




C J McGlen
P A McGlen
Director
Director

The notes on pages 4 to 14 form part of these financial statements.

Page 2

 
ROBERT KIRKLAND (BLYTH) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024


Called up share capital
Capital redemption reserve
Fair value reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 June 2022
3,505
3,506
109,371
495,199
611,581



Loss for the year
-
-
-
(82,762)
(82,762)

Surplus on revaluation of other fixed assets
-
-
23,300
-
23,300

Transfer to/from profit and loss account
-
-
-
(23,300)
(23,300)



At 1 June 2023
3,505
3,506
132,671
389,137
528,819



Profit for the year
-
-
-
135,575
135,575


At 31 May 2024
3,505
3,506
132,671
524,712
664,394


The notes on pages 4 to 14 form part of these financial statements.

Page 3

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Robert Kirkland (Blyth) Limited is a private company limited by shares incorporated in England and Wales, registered number 01138871. The registered office is 62-66 Bridge Street, Blyth, Northumberland, NE24 2AP.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are are rounded to the nearest £.

The following principal accounting policies have been applied:

  
2.2

Going concern

The Company had net assets of £664,394 as at 31 May 2024 (2023: £528,819), including cash at bank of £228,999 (2023: £160,355) and fixed assets of £639,315 (2023: £648,534), with only £62,576 (2023: £63,503) of secured debts and generated a profit before tax for the year of £135,575 (2023: loss before tax of £82,762).
Whilst the directors do not prepare formal cash flow forecasts, the company has a full order book and it is expected that the Company will have sufficient funds to meet its liabilities as they fall due for at least the next 12 months from the approval of these financial statements.
The company is primarily financed by profits retained within the business and loans from the directors. The only external finance outstanding is hire purchase contracts (secured on the assets to which they relate) and a Bounceback loan which was drawn down in 2021.
Consequently, the directors are confident they will have sufficient funds to continue to meet liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on the going concern basis.

Page 4

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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. 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.

 
2.4

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.

 
2.5

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.

 
2.6

Borrowing costs

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

Page 5

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
10%/20% 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.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 6

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Investment property

Investment property is carried at fair value determined annually by the directors valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Valuation of investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

 
2.12

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.

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.

Work in progress is valued at the lower of cost, including direct costs of materials and labour plus an element of profit, less invoiced cash received on account, and net realisable value. Direct costs of materials are at actual invoice cost.

 
2.13

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.

 
2.14

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.

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 26).

Page 7

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 June 2023
30,977
244,090
5,740
280,807


Additions
-
29,375
1,081
30,456


Disposals
-
(21,847)
-
(21,847)



At 31 May 2024

30,977
251,618
6,821
289,416



Depreciation


At 1 June 2023
21,094
105,761
2,915
129,770


Charge for the year on owned assets
620
21,057
767
22,444


Charge for the year on financed assets
-
16,330
-
16,330


Disposals
-
(8,325)
-
(8,325)



At 31 May 2024

21,714
134,823
3,682
160,219



Net book value



At 31 May 2024
9,263
116,795
3,139
129,197



At 31 May 2023
9,883
138,329
2,825
151,037

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
53,631
54,108

53,631
54,108

Page 8

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 June 2023
12,497


Additions
12,000


Revaluations
621



At 31 May 2024
25,118





6.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
485,000



At 31 May 2024
485,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
351,523
351,523

Accumulated depreciation and impairments
(144,674)
(137,607)

206,849
213,916

Page 9

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Debtors

2024
2023
£
£


Trade debtors
512,319
446,447

Prepayments and accrued income
41,079
34,050

553,398
480,497



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
228,999
160,355

228,999
160,355


Page 10

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
439,545
308,457

Other taxation and social security
143,345
160,154

Obligations under finance lease and hire purchase contracts
17,210
12,467

Other creditors
204,409
220,409

Accruals and deferred income
19,917
18,766

834,426
730,253


The following liabilities were secured:

2024
2023
£
£



Obligations under finance leases and hire purchase contracts
17,210
12,467

Bank loans
10,000
10,000

27,210
22,467

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of fixed charges over the Company's properties as well as a fixed and floating charge over all property and assets present and future. 

Page 11

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,757
20,748

Net obligations under finance leases and hire purchase contracts
24,609
20,288

35,366
41,036


The following liabilities were secured:

2024
2023
£
£



Obligations under finance leases and hire purchase contracts
24,609
20,288

Bank loans
10,757
20,748

35,366
41,036

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of fixed charges over the Company's properties as well as a fixed and floating charge over all property and assets present and future. 

Page 12

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


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 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
757
10,748


757
10,748


20,757
30,748



12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
17,210
12,467

Between 1-5 years
24,609
20,288

41,819
32,755

Page 13

 
ROBERT KIRKLAND (BLYTH) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

13.


Reserves

Fair value reserve

This reserve represents the cumulative total of previous fair value adjustments to investment property and listed investments.

Capital redemption reserve

The capital redemption reserve comprises the cumulative nominal value of shares repurchased and cancelled by the company.

Profit and loss account

This reserve represents accumulated historic profits and losses.


14.


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 £101,123 (2023: £104,174). Contributions totalling £3,941 (2023: £1,573) were payable to the fund at the balance sheet date and are included in creditors.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 May 2024 was unqualified.

The audit report was signed on 21 May 2025 by Jon Routledge (Senior Statutory Auditor) on behalf of Ryecroft Glenton.

 
Page 14