Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30No description of principal activityfalse2023-10-01false87trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05567139 2023-10-01 2024-09-30 05567139 2022-10-01 2023-09-30 05567139 2024-09-30 05567139 2023-09-30 05567139 2022-10-01 05567139 c:Director1 2023-10-01 2024-09-30 05567139 c:Director2 2023-10-01 2024-09-30 05567139 d:Buildings 2023-10-01 2024-09-30 05567139 d:Buildings 2024-09-30 05567139 d:Buildings 2023-09-30 05567139 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05567139 d:LandBuildings 2024-09-30 05567139 d:LandBuildings 2023-09-30 05567139 d:PlantMachinery 2023-10-01 2024-09-30 05567139 d:PlantMachinery 2024-09-30 05567139 d:PlantMachinery 2023-09-30 05567139 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05567139 d:MotorVehicles 2023-10-01 2024-09-30 05567139 d:MotorVehicles 2024-09-30 05567139 d:MotorVehicles 2023-09-30 05567139 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05567139 d:FurnitureFittings 2023-10-01 2024-09-30 05567139 d:OfficeEquipment 2023-10-01 2024-09-30 05567139 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 05567139 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05567139 d:Goodwill 2023-10-01 2024-09-30 05567139 d:Goodwill 2024-09-30 05567139 d:Goodwill 2023-09-30 05567139 d:FreeholdInvestmentProperty 2024-09-30 05567139 d:FreeholdInvestmentProperty 2023-09-30 05567139 d:CurrentFinancialInstruments 2024-09-30 05567139 d:CurrentFinancialInstruments 2023-09-30 05567139 d:Non-currentFinancialInstruments 2024-09-30 05567139 d:Non-currentFinancialInstruments 2023-09-30 05567139 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05567139 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05567139 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05567139 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05567139 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 05567139 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 05567139 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05567139 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05567139 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 05567139 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 05567139 d:ShareCapital 2024-09-30 05567139 d:ShareCapital 2023-09-30 05567139 d:ShareCapital 2022-10-01 05567139 d:RevaluationReserve 2024-09-30 05567139 d:RevaluationReserve 2023-09-30 05567139 d:RevaluationReserve 2022-10-01 05567139 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 05567139 d:RetainedEarningsAccumulatedLosses 2024-09-30 05567139 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 05567139 d:RetainedEarningsAccumulatedLosses 2023-09-30 05567139 d:RetainedEarningsAccumulatedLosses 2022-10-01 05567139 c:FRS102 2023-10-01 2024-09-30 05567139 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05567139 c:FullAccounts 2023-10-01 2024-09-30 05567139 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05567139 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 05567139 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 05567139 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 05567139 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 05567139 2 2023-10-01 2024-09-30 05567139 5 2023-10-01 2024-09-30 05567139 d:Goodwill d:OwnedIntangibleAssets 2023-10-01 2024-09-30 05567139 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number:  05567139














WWW.LOOROLLS.COM LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


 
WWW.LOOROLLS.COM LTD
REGISTERED NUMBER: 05567139

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
34,560
41,472

Tangible assets
 5 
525,983
569,264

Investment property
 6 
185,000
185,000

  
745,543
795,736

Current assets
  

Stocks
 7 
229,324
241,505

Debtors: amounts falling due within one year
 8 
735,224
801,878

Cash at bank and in hand
 9 
633,212
521,838

  
1,597,760
1,565,221

Creditors: amounts falling due within one year
 10 
(974,792)
(966,801)

Net current assets
  
 
 
622,968
 
 
598,420

Total assets less current liabilities
  
1,368,511
1,394,156

Creditors: amounts falling due after more than one year
 11 
(291,603)
(484,843)

Provisions for liabilities
  

Deferred tax
  
(13,010)
(19,413)

  
 
 
(13,010)
 
 
(19,413)

Net assets
  
1,063,898
889,900


Capital and reserves
  

Called up share capital 
  
10
10

Revaluation reserve
  
42,748
42,748

Profit and loss account
  
1,021,140
847,142

  
1,063,898
889,900


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Page 1

 
WWW.LOOROLLS.COM LTD
REGISTERED NUMBER: 05567139
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


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 18 June 2025.




J Cullen
A Kennedy
Director
Director

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

Page 2

 
WWW.LOOROLLS.COM LTD
 

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


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2023
10
42,748
847,142
889,900



Profit for the year
-
-
445,137
445,137

Dividends: Equity capital
-
-
(271,139)
(271,139)


At 30 September 2024
10
42,748
1,021,140
1,063,898


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


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


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2022
10
42,748
691,912
734,670



Profit for the year
-
-
383,230
383,230

Dividends: Equity capital
-
-
(228,000)
(228,000)


At 30 September 2023
10
42,748
847,142
889,900


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

Page 3

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no. 05567139). The address of the registered office is Smooth Store Warehouse Water Tower Road, Clayhill Industrial Park, Neston, Cheshire, United Kingdom, CH64 3US.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principle activity of the company is of a wholesale distributor of bulk paper and janitorial cleaning products.
The presentation currency of these financial statements is £ sterling; 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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

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.

 
2.4

Interest income

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

Page 4

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.

 
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

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.


Page 5

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

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 comprehensive income over its useful economic life.

Other 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.

 
2.10

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
3%
straight line
Plant & machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance
Website
-
25%
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.

Page 6

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

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.

Page 7

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.17

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.

 
2.18

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 the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
8
7

Page 8

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
69,120



At 30 September 2024

69,120



Amortisation


At 1 October 2023
27,648


Charge for the year on owned assets
6,912



At 30 September 2024

34,560



Net book value



At 30 September 2024
34,560



At 30 September 2023
41,472



Page 9

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 October 2023
521,995
110,847
86,865
719,707


Additions
-
332
-
332



At 30 September 2024

521,995
111,179
86,865
720,039



Depreciation


At 1 October 2023
62,640
76,159
11,644
150,443


Charge for the year on owned assets
15,660
9,148
18,805
43,613



At 30 September 2024

78,300
85,307
30,449
194,056



Net book value



At 30 September 2024
443,695
25,872
56,416
525,983



At 30 September 2023
459,355
34,689
75,220
569,264




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
443,695
459,355

443,695
459,355


Page 10

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
185,000



At 30 September 2024
185,000

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
142,252
142,252

142,252
142,252


7.


Stocks

2024
2023
£
£

Finished goods and goods for resale
229,324
241,505

229,324
241,505


Page 11

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Debtors

2024
2023
£
£


Trade debtors
618,382
676,403

Other debtors
116,842
125,475

735,224
801,878



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
633,212
521,838

633,212
521,838



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
38,285
89,880

Trade creditors
721,889
720,883

Corporation tax
162,084
101,425

Other taxation and social security
39,069
41,218

Obligations under finance lease and hire purchase contracts
10,836
10,837

Other creditors
629
558

Accruals and deferred income
2,000
2,000

974,792
966,801


Bank loans are secured by fixed and floating charges on the assets of the company.

Page 12

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
277,154
459,558

Net obligations under finance leases and hire purchase contracts
14,449
25,285

291,603
484,843


Bank loans are secured by fixed and floating charges on the assets of the company.


12.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
38,285
89,880

Amounts falling due 1-2 years

Bank loans
41,335
92,778

Amounts falling due 2-5 years

Bank loans
134,104
219,902

Amounts falling due after more than 5 years

Bank loans
101,715
146,878

315,439
549,438



13.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
11,465
11,465

Between 1-5 years
15,287
26,752

26,752
38,217

Page 13

 
WWW.LOOROLLS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

14.


Controlling party

The company is under control of its directors.

 
Page 14