Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falsefalseNo description of principal activity22truefalse 09002759 2023-10-01 2024-09-30 09002759 2022-10-01 2023-09-30 09002759 2024-09-30 09002759 2023-09-30 09002759 c:Director1 2023-10-01 2024-09-30 09002759 d:MotorVehicles 2023-10-01 2024-09-30 09002759 d:MotorVehicles 2024-09-30 09002759 d:MotorVehicles 2023-09-30 09002759 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 09002759 d:CurrentFinancialInstruments 2024-09-30 09002759 d:CurrentFinancialInstruments 2023-09-30 09002759 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09002759 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09002759 d:ShareCapital 2024-09-30 09002759 d:ShareCapital 2023-09-30 09002759 d:RetainedEarningsAccumulatedLosses 2024-09-30 09002759 d:RetainedEarningsAccumulatedLosses 2023-09-30 09002759 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 09002759 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 09002759 c:FRS102 2023-10-01 2024-09-30 09002759 c:Audited 2023-10-01 2024-09-30 09002759 c:FullAccounts 2023-10-01 2024-09-30 09002759 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09002759 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2024-09-30 09002759 d:UltimateParent 2023-10-01 2024-09-30 09002759 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09002759 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 09002759









R STIFF & SONS LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
R STIFF & SONS LTD
REGISTERED NUMBER: 09002759

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,618
27,022

  
21,618
27,022

Current assets
  

Debtors: amounts falling due within one year
 5 
1,088,159
1,115,976

Bank and cash balances
  
37,081
32,312

  
1,125,240
1,148,288

Creditors: amounts falling due within one year
 6 
(171,480)
(214,318)

Net current assets
  
 
 
953,760
 
 
933,970

Total assets less current liabilities
  
975,378
960,992

Provisions for liabilities
  

Deferred tax
 7 
(4,596)
(4,729)

  
 
 
(4,596)
 
 
(4,729)

Net assets
  
970,782
956,263


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
970,682
956,163

  
970,782
956,263

Page 1

 
R STIFF & SONS LTD
REGISTERED NUMBER: 09002759
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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

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 by: 



M L J Goff
Director

Date: 24 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
R STIFF & SONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

R Stiff and Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stanfield Road, Wymondham, England, NR18 9QY.
The principal activity of the Company is that of the sale and distribution of fuel oils.

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 financial statements are presented in Sterling (£).

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. 
Revenue is recognised when the goods are physically delivered to the customer.

 
2.3

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.

Page 3

 
R STIFF & SONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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:

Motor vehicles
-
20%
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.

 
2.6

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.

Page 4

 
R STIFF & SONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
2
2

Page 5

 
R STIFF & SONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 October 2023
112,451



At 30 September 2024

112,451



Depreciation


At 1 October 2023
85,429


Charge for the year on owned assets
5,404



At 30 September 2024

90,833



Net book value



At 30 September 2024
21,618



At 30 September 2023
27,022


5.


Debtors

2024
2023
£
£


Trade debtors
60,128
54,321

Amounts owed by group undertakings
993,040
1,018,990

Other debtors
34,991
42,665

1,088,159
1,115,976

Page 6

 
R STIFF & SONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
152,332
200,530

Amounts owed to group undertakings
12,713
6,117

Accruals and deferred income
6,435
7,671

171,480
214,318



7.


Deferred taxation




2024


£






At beginning of year
4,729


Charged to profit or loss
(133)



At end of year
4,596

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
4,596
4,729

4,596
4,729


8.


Related party transactions

The Company has taken advantage of the exemption contained in Financial Reporting Standard 102 Section 33.1a and has therefore not disclosed transactions with wholly owned members of the same group.


9.


Controlling party

The parent undertaking of the largest and smallest group for which consolidated accounts are prepared is George J Goff LImited, registered office address 5 Market Yard Mews, 194-204 Bermondsey Street, London, SE1 3TQ.

Page 7

 
R STIFF & SONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 26 June 2025 by Alistair Fish FCA (Senior statutory auditor) on behalf of MA Partners Audit LLP.

 
Page 8