Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false262023-10-01No description of principal activity28truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00881861 2023-10-01 2024-09-30 00881861 2022-10-01 2023-09-30 00881861 2024-09-30 00881861 2023-09-30 00881861 2022-10-01 00881861 c:Director3 2023-10-01 2024-09-30 00881861 d:Buildings 2023-10-01 2024-09-30 00881861 d:Buildings 2024-09-30 00881861 d:Buildings 2023-09-30 00881861 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00881861 d:Buildings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 00881861 d:PlantMachinery 2023-10-01 2024-09-30 00881861 d:PlantMachinery 2024-09-30 00881861 d:PlantMachinery 2023-09-30 00881861 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00881861 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 00881861 d:MotorVehicles 2023-10-01 2024-09-30 00881861 d:MotorVehicles 2024-09-30 00881861 d:MotorVehicles 2023-09-30 00881861 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00881861 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 00881861 d:FurnitureFittings 2023-10-01 2024-09-30 00881861 d:FurnitureFittings 2024-09-30 00881861 d:FurnitureFittings 2023-09-30 00881861 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00881861 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 00881861 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00881861 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 00881861 d:CurrentFinancialInstruments 2024-09-30 00881861 d:CurrentFinancialInstruments 2023-09-30 00881861 d:Non-currentFinancialInstruments 2024-09-30 00881861 d:Non-currentFinancialInstruments 2023-09-30 00881861 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00881861 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00881861 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 00881861 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00881861 d:ShareCapital 2024-09-30 00881861 d:ShareCapital 2023-09-30 00881861 d:RevaluationReserve 2024-09-30 00881861 d:RevaluationReserve 2023-09-30 00881861 d:RetainedEarningsAccumulatedLosses 2024-09-30 00881861 d:RetainedEarningsAccumulatedLosses 2023-09-30 00881861 c:FRS102 2023-10-01 2024-09-30 00881861 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00881861 c:FullAccounts 2023-10-01 2024-09-30 00881861 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00881861 d:WithinOneYear 2024-09-30 00881861 d:WithinOneYear 2023-09-30 00881861 d:BetweenOneFiveYears 2024-09-30 00881861 d:BetweenOneFiveYears 2023-09-30 00881861 5 2023-10-01 2024-09-30 00881861 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 00881861 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 00881861 d:RetirementBenefitObligationsDeferredTax 2024-09-30 00881861 d:RetirementBenefitObligationsDeferredTax 2023-09-30 00881861 d:OtherDeferredTax 2024-09-30 00881861 d:OtherDeferredTax 2023-09-30 00881861 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 00881861 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 00881861 d:LeasedAssetsHeldAsLessee 2024-09-30 00881861 d:LeasedAssetsHeldAsLessee 2023-09-30 00881861 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 00881861










J.PUGH-LEWIS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
J.PUGH-LEWIS LIMITED
REGISTERED NUMBER: 00881861

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
937,832
867,521

Current assets
  

Stocks
  
186,020
249,478

Debtors: amounts falling due within one year
 5 
1,207,087
1,076,977

Cash at bank and in hand
  
-
3,182

  
1,393,107
1,329,637

Creditors: amounts falling due within one year
 6 
(1,274,438)
(1,256,537)

Net current assets
  
 
 
118,669
 
 
73,100

Total assets less current liabilities
  
1,056,501
940,621

Creditors: amounts falling due after more than one year
 7 
(140,552)
(141,469)

Provisions for liabilities
  

Deferred tax
 8 
(208,811)
(190,963)

Net assets
  
707,138
608,189


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Revaluation reserve
  
260,198
264,416

Profit and loss account
  
436,940
333,773

  
707,138
608,189


Page 1

 
J.PUGH-LEWIS LIMITED
REGISTERED NUMBER: 00881861
    
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 13 June 2025.




J C Pugh-Lewis
Director


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

Page 2

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

J.Pugh-Lewis Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 00881861). Its registered office is The Old Sawmills, Morton Road, Pilsley, Chesterfield, S45 8EE. The principal activity of the Company throughout the year continued to be that of an agricultural and general contractor.

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

Turnover

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.

Page 3

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.4

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.

The depreciation rates used are:

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

 
2.5

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 4

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

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 5

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 26).

Page 6

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
380,000
685,742
912,759
69,042
2,047,543


Additions
-
39,111
206,590
3,840
249,541


Disposals
-
-
(56,426)
-
(56,426)



At 30 September 2024

380,000
724,853
1,062,923
72,882
2,240,658



Depreciation


At 1 October 2023
41,380
521,823
573,355
43,464
1,180,022


Charge for the year on owned assets
4,596
32,228
39,610
3,789
80,223


Charge for the year on financed assets
-
-
82,400
-
82,400


Disposals
-
-
(39,819)
-
(39,819)



At 30 September 2024

45,976
554,051
655,546
47,253
1,302,826



Net book value



At 30 September 2024
334,024
170,802
407,377
25,629
937,832



At 30 September 2023
338,620
163,919
339,404
25,578
867,521

Included in land and buildings is freehold land at valuation of £150,000 (2023: £150,000), cost £6,000 (2023: £6,000) which is not depreciated.
The freehold land and buildings of the company were valued on the 30th September 2014 on an open market existing use basis by Alan James Terry (MRICS., IRRV, MARLA, RICS registered valuer) of Bothams Mitchell Slaney Independant Chartered Surveyors. The directors consider that this value represents fair value of the freehold land and buildings and has not materially changed since this date.

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


2024
2023
£
£



Motor vehicles
281,170
239,357

281,170
239,357
Page 7

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

           4.Tangible fixed assets (continued)


Page 8

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,045,952
982,982

Other debtors
54,436
75,455

Prepayments
19,397
18,540

Amounts recoverable on long term contracts
83,450
-

Tax recoverable
3,852
-

1,207,087
1,076,977



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
155,434
96,597

Bank loans
88,290
75,119

Trade creditors
760,141
853,541

Corporation tax
77,108
75,671

Other taxation and social security
37,684
20,471

Obligations under finance lease and hire purchase contracts
98,258
66,757

Other creditors
27,657
43,561

Accruals and deferred income
29,866
24,820

1,274,438
1,256,537


Included within creditors due within one year are secured liabilities in respect of bank loans and overdrafts of £243,477 (2023: £171,716) and obligations under finance lease and hire purchase contracts of £98,258 (2023: £66,757).

Page 9

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
45,582

Net obligations under finance leases and hire purchase contracts
140,552
95,887

140,552
141,469


Included within creditors due after more than one year are secured liabilities in respect of bank loans of nil (2023: £45,582) and obligations under finance lease and hire purchase contracts of £140,552 (2023: £95,887).


8.


Deferred taxation




2024
2023


£

£






At beginning of year
190,963
175,712


Charged to profit or loss
17,848
15,251



At end of year
208,811
190,963

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
150,914
132,116

Pension surplus
(249)
(448)

Capital gain on revaluation surplus
58,146
59,295

208,811
190,963


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately 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 £91,807 (2023 - £81,902). Employer contributions totalling £995 (2023 £1,848) were payable to the fund at the Balance Sheet date and are included in creditors.

Page 10

 
J.PUGH-LEWIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Commitments under operating leases

At 30 September 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
8,061
19,348

Later than 1 year and not later than 5 years
-
8,061

8,061
27,409

 
Page 11