Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30falseNo description of principal activityfalsetrue22023-10-012falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05181756 2023-10-01 2024-09-30 05181756 2022-10-01 2023-09-30 05181756 2024-09-30 05181756 2023-09-30 05181756 2022-10-01 05181756 c:Director1 2023-10-01 2024-09-30 05181756 d:PlantMachinery 2023-10-01 2024-09-30 05181756 d:PlantMachinery 2024-09-30 05181756 d:PlantMachinery 2023-09-30 05181756 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05181756 d:MotorVehicles 2023-10-01 2024-09-30 05181756 d:MotorVehicles 2024-09-30 05181756 d:MotorVehicles 2023-09-30 05181756 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05181756 d:FurnitureFittings 2023-10-01 2024-09-30 05181756 d:FurnitureFittings 2024-09-30 05181756 d:FurnitureFittings 2023-09-30 05181756 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05181756 d:OfficeEquipment 2023-10-01 2024-09-30 05181756 d:OfficeEquipment 2024-09-30 05181756 d:OfficeEquipment 2023-09-30 05181756 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05181756 d:ComputerEquipment 2023-10-01 2024-09-30 05181756 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05181756 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 05181756 d:FreeholdInvestmentProperty 2024-09-30 05181756 d:FreeholdInvestmentProperty 2023-09-30 05181756 d:CurrentFinancialInstruments 2024-09-30 05181756 d:CurrentFinancialInstruments 2023-09-30 05181756 d:Non-currentFinancialInstruments 2024-09-30 05181756 d:Non-currentFinancialInstruments 2023-09-30 05181756 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05181756 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05181756 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05181756 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05181756 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 05181756 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05181756 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05181756 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05181756 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 05181756 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 05181756 d:ShareCapital 2023-10-01 2024-09-30 05181756 d:ShareCapital 2024-09-30 05181756 d:ShareCapital 2022-10-01 2023-09-30 05181756 d:ShareCapital 2023-09-30 05181756 d:ShareCapital 2022-10-01 05181756 d:OtherMiscellaneousReserve 2023-10-01 2024-09-30 05181756 d:OtherMiscellaneousReserve 2024-09-30 05181756 d:OtherMiscellaneousReserve 2022-10-01 2023-09-30 05181756 d:OtherMiscellaneousReserve 2023-09-30 05181756 d:OtherMiscellaneousReserve 2022-10-01 05181756 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 05181756 d:RetainedEarningsAccumulatedLosses 2024-09-30 05181756 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 05181756 d:RetainedEarningsAccumulatedLosses 2023-09-30 05181756 d:RetainedEarningsAccumulatedLosses 2022-10-01 05181756 c:FRS102 2023-10-01 2024-09-30 05181756 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05181756 c:FullAccounts 2023-10-01 2024-09-30 05181756 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05181756 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 05181756 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 05181756 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 05181756 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 05181756 2 2023-10-01 2024-09-30 05181756 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05181756 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05181756 d:OtherDeferredTax 2024-09-30 05181756 d:OtherDeferredTax 2023-09-30 05181756 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 05181756














RINGLES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
RINGLES LIMITED
REGISTERED NUMBER: 05181756

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
                                                                     Note

Fixed assets
  

Tangible assets
 4 
156,992
179,716

Investment property
 5 
2,091,757
2,073,778

  
2,248,749
2,253,494

Current assets
  

Debtors: amounts falling due within one year
 6 
52,541
40,976

Cash at bank and in hand
  
44,020
68,673

  
96,561
109,649

Creditors: amounts falling due within one year
 7 
(362,354)
(400,872)

Net current liabilities
  
 
 
(265,793)
 
 
(291,223)

Total assets less current liabilities
  
1,982,956
1,962,271

Creditors: amounts falling due after more than one year
 8 
(122,062)
(130,029)

Provisions for liabilities
  

Deferred tax
 11 
(427,219)
(432,771)

  
 
 
(427,219)
 
 
(432,771)

Net assets
  
£1,433,675
£1,399,471


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
 12 
1,440,217
1,440,217

Profit and loss account
 12 
(6,642)
(40,846)

  
£1,433,675
£1,399,471


Page 1

 
RINGLES LIMITED
REGISTERED NUMBER: 05181756

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 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 30 April 2025.




___________________________
Mr D Hodson
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
RINGLES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

At 1 October 2023
100
1,440,217
(40,846)
1,399,471


Comprehensive income for the year

Profit for the year

-
-
34,204
34,204


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
34,204
34,204


Total transactions with owners
-
-
-
-


At 30 September 2024
£100
£1,440,217
£(6,642)
£1,433,675


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
RINGLES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

At 1 October 2022
100
1,440,217
(94,189)
1,346,128


Comprehensive income for the year

Profit for the year

-
-
53,343
53,343


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
53,343
53,343


Total transactions with owners
-
-
-
-


At 30 September 2023
£100
£1,440,217
£(40,846)
£1,399,471


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
RINGLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Ringles Limited, is a private company limited by shares, incorporated in England and Wales. The company registration number is 05181756. The registered office of the company is Ringles Nursery, Grigg Lane, Headcorn, Ashford, Kent, TN27 9LY.

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

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 5

 
RINGLES 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.


 
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.

Page 6

 
RINGLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance basis
Motor vehicles
-
25%
reducing balance basis
Fixtures and fittings
-
25%
reducing balance basis
Office equipment
-
25%
reducing balance basis
Solar panels
-
4%
straight line basis

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

Investment property

Investment property is carried at fair value determined annually by external 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 7

 
RINGLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 -2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total



Cost or valuation


At 1 October 2023
342,186
42,495
23,192
49,290
457,163


Additions
5,707
-
-
305
6,012



At 30 September 2024

347,893
42,495
23,192
49,595
463,175



Depreciation


At 1 October 2023
185,316
25,634
20,579
45,918
277,447


Charge for the year on owned assets
23,832
3,372
655
877
28,736



At 30 September 2024

209,148
29,006
21,234
46,795
306,183



Net book value



At 30 September 2024
£138,745
£13,489
£1,958
£2,800
£156,992



At 30 September 2023
£156,870
£16,861
£2,613
£3,372
£179,716


5.


Investment property


Freehold investment property



Valuation


At 1 October 2023
2,073,778


Additions at cost
18,293


Disposals
(315)



At 30 September 2024
2,091,756

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

At the balance sheet date, the historic cost of the investment properties was £381,576 (2023: £363,598).




Page 8

 
RINGLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023


Trade debtors
49,484
39,627

Other debtors
2,265
1,349

Prepayments and accrued income
792
-

£52,541
£40,976



7.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
43,896
44,002

Trade creditors
4,226
6,215

Corporation tax
10,289
-

Other taxation and social security
21,517
14,251

Obligations under finance lease and hire purchase contracts
7,957
51,736

Other creditors
221,254
233,295

Accruals and deferred income
53,215
51,373

£362,354
£400,872



8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
122,062
122,072

Net obligations under finance leases and hire purchase contracts
-
7,957

£122,062
£130,029


Page 9

 
RINGLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
43,896
44,002


43,896
44,002

Amounts falling due 1-2 years

Bank loans
41,982
-


41,982
-

Amounts falling due 2-5 years

Bank loans
80,080
109,494


80,080
109,494

Amounts falling due after more than 5 years

Bank loans
-
12,579

-
12,579

£165,958
£166,075



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023


Within one year
7,957
7,957

Between 1-5 years
-
7,957

£7,957
£15,914

Page 10

 
RINGLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Deferred taxation




2024
2023





At beginning of year
432,771
433,121


Charged to profit or loss
(5,552)
(350)



At end of year
£427,219
£432,771

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
38,661
44,213

Revaluation surplus
388,558
388,558

£427,219
£432,771


12.


Reserves

Other reserves

Other reserves represent non-distributable reserves arising on the revaluation of the investment property
net of the associated deferred tax liability.

Profit and loss account

The profit and loss account represents the general surpluses and deficits arising from the company's
activities. The profit and loss account is fully distributable.


13.


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 £5,500 (2023: £6,000).

Page 11