Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312025-05-29false2023-11-01falseNo description of principal activity2018truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07605598 2023-11-01 2024-10-31 07605598 2022-11-01 2023-10-31 07605598 2024-10-31 07605598 2023-10-31 07605598 2022-11-01 07605598 c:Director1 2023-11-01 2024-10-31 07605598 d:PlantMachinery 2023-11-01 2024-10-31 07605598 d:PlantMachinery 2024-10-31 07605598 d:PlantMachinery 2023-10-31 07605598 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07605598 d:MotorVehicles 2023-11-01 2024-10-31 07605598 d:MotorVehicles 2024-10-31 07605598 d:MotorVehicles 2023-10-31 07605598 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07605598 d:FurnitureFittings 2023-11-01 2024-10-31 07605598 d:FurnitureFittings 2024-10-31 07605598 d:FurnitureFittings 2023-10-31 07605598 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07605598 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07605598 d:Goodwill 2024-10-31 07605598 d:Goodwill 2023-10-31 07605598 d:CurrentFinancialInstruments 2024-10-31 07605598 d:CurrentFinancialInstruments 2023-10-31 07605598 d:Non-currentFinancialInstruments 2024-10-31 07605598 d:Non-currentFinancialInstruments 2023-10-31 07605598 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 07605598 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07605598 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 07605598 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 07605598 d:ShareCapital 2024-10-31 07605598 d:ShareCapital 2023-10-31 07605598 d:RetainedEarningsAccumulatedLosses 2024-10-31 07605598 d:RetainedEarningsAccumulatedLosses 2023-10-31 07605598 c:FRS102 2023-11-01 2024-10-31 07605598 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07605598 c:FullAccounts 2023-11-01 2024-10-31 07605598 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07605598 d:WithinOneYear 2024-10-31 07605598 d:WithinOneYear 2023-10-31 07605598 d:BetweenOneFiveYears 2024-10-31 07605598 d:BetweenOneFiveYears 2023-10-31 07605598 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 07605598 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 07605598 d:TaxLossesCarry-forwardsDeferredTax 2024-10-31 07605598 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 07605598 d:RetirementBenefitObligationsDeferredTax 2024-10-31 07605598 d:RetirementBenefitObligationsDeferredTax 2023-10-31 07605598 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-10-31 07605598 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-31 07605598 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 07605598










R R ANDREW LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
R R ANDREW LIMITED
REGISTERED NUMBER: 07605598

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
611,950
393,830

Current assets
  

Stocks
  
55,000
45,000

Debtors: amounts falling due within one year
 6 
826,135
845,675

Cash at bank and in hand
  
45,088
58,128

  
926,223
948,803

Creditors: amounts falling due within one year
 7 
(1,128,587)
(1,116,254)

Net current liabilities
  
 
 
(202,364)
 
 
(167,451)

Total assets less current liabilities
  
409,586
226,379

Creditors: amounts falling due after more than one year
 8 
(298,595)
(199,890)

Provisions for liabilities
  

Deferred tax
 9 
(101,688)
(63,054)

Net assets/(liabilities)
  
9,303
(36,565)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
9,293
(36,575)

  
9,303
(36,565)


Page 1

 
R R ANDREW LIMITED
REGISTERED NUMBER: 07605598
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 on 29 May 2025.




R R Andrew
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

R R Andrew Limited is a private company limited by shares, incorporated in England and Wales (registered number: 07605598). Its registered office is Waterhole Farm, The Moor, Tideswell, Buxton, SK17 8LR. The principal activity throughout the year continued to be that of a haulage company.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has net current liabilities at 31 October 2024 of £202,364 (2023: £167451). The financial statements have been prepared on a going concern basis as, in the opinion of the directors, the Company's forcasted cashflows will enable it to trade and pay its debts as they fall due.

Page 3

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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

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.

Page 4

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.

 
2.6

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 Statement of Income and Retained Earnings over its useful economic life, which is considered to be ten years.

Page 5

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

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, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
10% - 33.3% 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 the Statement of Income and Retained Earnings.

 
2.8

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 the Statement of Income and Retained Earnings.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 18).

Page 6

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
150,000



At 31 October 2024

150,000



Amortisation


At 1 November 2023
150,000



At 31 October 2024

150,000



Net book value



At 31 October 2024
-



At 31 October 2023
-



Page 7

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 November 2023
19,884
1,815,026
12,190
1,847,100


Additions
-
305,779
922
306,701



At 31 October 2024

19,884
2,120,805
13,112
2,153,801



Depreciation


At 1 November 2023
14,137
1,428,423
10,710
1,453,270


Charge for the year on owned assets
1,436
86,227
918
88,581



At 31 October 2024

15,573
1,514,650
11,628
1,541,851



Net book value



At 31 October 2024
4,311
606,155
1,484
611,950



At 31 October 2023
5,747
386,603
1,480
393,830

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


2024
2023
£
£



Motor vehicles
296,873
62,720

Page 8

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
516,560
557,419

Amounts owed by related parties
75,000
75,000

Other debtors
221,483
202,139

Prepayments and accrued income
13,092
11,117

826,135
845,675



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
456,978
473,672

Trade creditors
511,881
550,411

Corporation tax
481
470

Other taxation and social security
40,001
57,261

Obligations under finance lease and hire purchase contracts
76,999
18,900

Other creditors
25,365
1,215

Accruals and deferred income
16,882
14,325

1,128,587
1,116,254


Page 9

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
55,303
165,240

Net obligations under finance leases and hire purchase contracts
243,292
34,650

298,595
199,890


Included within creditors are secured liabilities in respect of bank borrowings and obligations under hire purchase contracts as detailed above in creditors due in both less than one year and more than one year. The bank borrowings are secured against all the assets of the Company and the hire purchase contracts are secured against the assets to which they relate. There is also an amount included within other loans due within one year totalling £309,042 (2023: £321,859) which are secured against the book debts of the Company.
In addition, the directors have given personal guarantees amounting to £110,000 in respect of bank borrowings by the company.


9.


Deferred taxation




2024
2023


£

£






At beginning of year
(63,054)
(72,047)


Charged to Statement of Income and Retained Earnings
(38,634)
8,993



At end of year
(101,688)
(63,054)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
140,328
63,095

Tax losses carried forward
(38,526)
-

Pension surplus
(114)
(41)

101,688
63,054

Page 10

 
R R ANDREW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


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 £9,064 (2023: £7,934). Contributions totalling £458 (2023: £520) were payable to the fund at the Balance Sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
110,308
110,308

Later than 1 year and not later than 5 years
284,963
395,271

395,271
505,579

 
Page 11