Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30true2023-10-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05569535 2023-10-01 2024-09-30 05569535 2022-10-01 2023-09-30 05569535 2024-09-30 05569535 2023-09-30 05569535 c:Director1 2023-10-01 2024-09-30 05569535 d:PlantMachinery 2023-10-01 2024-09-30 05569535 d:PlantMachinery 2024-09-30 05569535 d:PlantMachinery 2023-09-30 05569535 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569535 d:MotorVehicles 2023-10-01 2024-09-30 05569535 d:MotorVehicles 2024-09-30 05569535 d:MotorVehicles 2023-09-30 05569535 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569535 d:FurnitureFittings 2023-10-01 2024-09-30 05569535 d:FurnitureFittings 2024-09-30 05569535 d:FurnitureFittings 2023-09-30 05569535 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569535 d:OfficeEquipment 2023-10-01 2024-09-30 05569535 d:OfficeEquipment 2024-09-30 05569535 d:OfficeEquipment 2023-09-30 05569535 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569535 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569535 d:Goodwill 2024-09-30 05569535 d:Goodwill 2023-09-30 05569535 d:FreeholdInvestmentProperty 2024-09-30 05569535 d:FreeholdInvestmentProperty 2023-09-30 05569535 d:CurrentFinancialInstruments 2024-09-30 05569535 d:CurrentFinancialInstruments 2023-09-30 05569535 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05569535 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05569535 d:ShareCapital 2024-09-30 05569535 d:ShareCapital 2023-09-30 05569535 d:RevaluationReserve 2024-09-30 05569535 d:RevaluationReserve 2023-09-30 05569535 d:RetainedEarningsAccumulatedLosses 2024-09-30 05569535 d:RetainedEarningsAccumulatedLosses 2023-09-30 05569535 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 05569535 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 05569535 d:OtherDeferredTax 2024-09-30 05569535 d:OtherDeferredTax 2023-09-30 05569535 c:OrdinaryShareClass1 2023-10-01 2024-09-30 05569535 c:OrdinaryShareClass1 2024-09-30 05569535 c:OrdinaryShareClass1 2023-09-30 05569535 c:FRS102 2023-10-01 2024-09-30 05569535 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05569535 c:FullAccounts 2023-10-01 2024-09-30 05569535 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05569535 2 2023-10-01 2024-09-30 05569535 5 2023-10-01 2024-09-30 05569535 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05569535









COLIN READ & SONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
COLIN READ & SONS LIMITED
REGISTERED NUMBER: 05569535

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
16,558
15,627

Investment property
 6 
400,000
400,000

  
416,558
415,627

Current assets
  

Stocks
  
3,000
3,500

Debtors: amounts falling due within one year
 7 
8,727
40,093

Cash at bank and in hand
  
19,592
18,648

  
31,319
62,241

Creditors: amounts falling due within one year
 8 
(67,402)
(87,756)

Net current liabilities
  
 
 
(36,083)
 
 
(25,515)

Total assets less current liabilities
  
380,475
390,112

Provisions for liabilities
  

Deferred tax
 9 
(75,266)
(74,910)

Net assets
  
305,209
315,202


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
248,429
248,429

Profit and loss account
  
56,680
66,673

  
305,209
315,202

Page 1

 
COLIN READ & SONS LIMITED
REGISTERED NUMBER: 05569535

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 profit and loss account 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 25 June 2025.




C E Read
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
COLIN READ & SONS LIMITED
 

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

1.


General information

Colin Read & Sons Limited Limited is a private company limited by shares, incorporated in England and
Wales, with a company registration number of 05569535. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.
The financial statements are rounded to the nearest £.

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

Going concern

The directors are continually assessing the impact of the current economic climate. The Company made a loss in the year, however it is not expected that this performance will continue in the future, and results are expected to improve going forwards. Therefore, the directors deem it appropriate to prepare the accounts on a going concern basis.

 
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:

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
COLIN READ & SONS LIMITED
 

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


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

Page 4

 
COLIN READ & SONS LIMITED
 

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

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance

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.

 
2.8

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.

 
2.9

Investment property

Investment property is carried at fair value determined annually by the Directors 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

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 profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 5

 
COLIN READ & SONS LIMITED
 

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

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. 

 
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.

 
2.14

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.


3.


Employees

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

Page 6

 
COLIN READ & SONS LIMITED
 

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

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
85,000



At 30 September 2024

85,000



Amortisation


At 1 October 2023
85,000



At 30 September 2024

85,000



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 7

 
COLIN READ & SONS LIMITED
 

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

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
33,439
60,605
3,730
2,033
99,807


Additions
4,731
-
-
-
4,731



At 30 September 2024

38,170
60,605
3,730
2,033
104,538



Depreciation


At 1 October 2023
29,585
50,356
3,214
1,025
84,180


Charge for the year on owned assets
1,007
2,564
78
151
3,800



At 30 September 2024

30,592
52,920
3,292
1,176
87,980



Net book value



At 30 September 2024
7,578
7,685
438
857
16,558



At 30 September 2023
3,854
10,249
516
1,008
15,627


6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
400,000



At 30 September 2024
400,000

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
78,525
78,525

Page 8

 
COLIN READ & SONS LIMITED
 

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

7.


Debtors

2024
2023
£
£


Trade debtors
4,718
15,288

Other debtors
1,603
-

Prepayments and accrued income
2,406
24,805

8,727
40,093



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
873
7,733

Corporation tax
-
13,045

Other taxation and social security
9,669
9,104

Other creditors
46,891
43,055

Accruals and deferred income
9,969
14,819

67,402
87,756



9.


Deferred taxation




2024


£






At beginning of year
(74,910)


Charged to profit or loss
(356)



At end of year
(75,266)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,220)
(1,864)

Revaluation
(73,046)
(73,046)

(75,266)
(74,910)

Page 9

 
COLIN READ & SONS LIMITED
 

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

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinay shares of £1.00 each
100
100



11.


Related party transactions

C Read operated a directors loan account during the year. At the start of the period the account was a credit balance of £34,066. During the year the funds totalling £109,689 were introduced and a total of £110,250 was withdrawn, leaving a credit balance of £33,505 as at 30 September 2024.
H Read operated a directors loan account during the year. At the start of the period the account was a credit balance of £31,005. During the year the funds totalling £20,462 were introduced and a total of £9,560 was withdrawn, leaving a credit balance of £41,907 as at 30 September 2024.
J Read operated a directors loan account during the year. At the start of the period the account held a
debit balance of £23,940. During the year the funds totalling £37,470 were introduced and a total of
£43,396 was withdrawn, leaving a debit balance of £29,866 as at 30 September 2024.


Page 10