Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01falseNo description of principal activity910truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00607392 2023-10-01 2024-09-30 00607392 2022-10-01 2023-09-30 00607392 2024-09-30 00607392 2023-09-30 00607392 c:Director3 2023-10-01 2024-09-30 00607392 d:Buildings 2023-10-01 2024-09-30 00607392 d:Buildings 2024-09-30 00607392 d:Buildings 2023-09-30 00607392 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00607392 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 00607392 d:PlantMachinery 2023-10-01 2024-09-30 00607392 d:PlantMachinery 2024-09-30 00607392 d:PlantMachinery 2023-09-30 00607392 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00607392 d:MotorVehicles 2023-10-01 2024-09-30 00607392 d:MotorVehicles 2024-09-30 00607392 d:MotorVehicles 2023-09-30 00607392 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00607392 d:FurnitureFittings 2023-10-01 2024-09-30 00607392 d:FurnitureFittings 2024-09-30 00607392 d:FurnitureFittings 2023-09-30 00607392 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00607392 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 00607392 d:OtherPropertyPlantEquipment 2024-09-30 00607392 d:OtherPropertyPlantEquipment 2023-09-30 00607392 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00607392 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00607392 d:CurrentFinancialInstruments 2024-09-30 00607392 d:CurrentFinancialInstruments 2023-09-30 00607392 d:Non-currentFinancialInstruments 2024-09-30 00607392 d:Non-currentFinancialInstruments 2023-09-30 00607392 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00607392 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00607392 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 00607392 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00607392 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 00607392 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 00607392 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 00607392 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 00607392 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 00607392 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 00607392 d:ShareCapital 2024-09-30 00607392 d:ShareCapital 2023-09-30 00607392 d:CapitalRedemptionReserve 2024-09-30 00607392 d:CapitalRedemptionReserve 2023-09-30 00607392 d:RetainedEarningsAccumulatedLosses 2024-09-30 00607392 d:RetainedEarningsAccumulatedLosses 2023-09-30 00607392 c:FRS102 2023-10-01 2024-09-30 00607392 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00607392 c:FullAccounts 2023-10-01 2024-09-30 00607392 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00607392 6 2023-10-01 2024-09-30 00607392 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-09-30 00607392 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-30 00607392 d:LeasedAssetsHeldAsLessee 2024-09-30 00607392 d:LeasedAssetsHeldAsLessee 2023-09-30 00607392 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered Number:00607392













L. E. TUCKWELL LIMITED




UNAUDITED

ANNUAL REPORT AND FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024











 
L. E. TUCKWELL LIMITED
 

 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF L. E. TUCKWELL LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L. E. Tuckwell Limited for the year ended 30 September 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of L. E. Tuckwell Limited, as a body, in accordance with the terms of our engagement letter dated 14 March 2025Our work has been undertaken solely to prepare for your approval the financial statements of L. E. Tuckwell Limited and state those matters that we have agreed to state to the Board of Directors of L. E. Tuckwell Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L. E. Tuckwell Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that L. E. Tuckwell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of L. E. Tuckwell Limited. You consider that L. E. Tuckwell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of L. E. Tuckwell Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Scrutton Bland Limited
 
Chartered Accountants
  
Fitzroy House
Crown Street
Ipswich
Suffolk
IP1 3LG
24 June 2025

- 1 -



 
L. E. TUCKWELL LIMITED
REGISTERED NUMBER:00607392


BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Notes
£
£

Fixed assets
  

Tangible assets
 4 
9,174,386
8,080,138

Investments
  
72,576
-

  
9,246,962
8,080,138

Current assets
  

Stocks
  
911,684
1,185,134

Debtors: amounts falling due within one year
 6 
443,244
558,493

Cash at bank and in hand
 7 
74
215

  
1,355,002
1,743,842

Creditors: amounts falling due within one year
 8 
(5,576,305)
(4,819,958)

Net current liabilities
  
 
 
(4,221,303)
 
 
(3,076,116)

Total assets less current liabilities
  
5,025,659
5,004,022

Creditors: amounts falling due after more than one year
 9 
(3,303,420)
(2,762,864)

Provisions for liabilities
  

Deferred tax
  
(448,189)
(559,084)

Net assets
  
1,274,050
1,682,074


Capital and reserves
  

Called up share capital 
  
22,745
22,745

Capital redemption reserve
  
17,255
17,255

Profit and loss account
  
1,234,050
1,642,074

  
1,274,050
1,682,074



- 2 -



 
L. E. TUCKWELL LIMITED
REGISTERED NUMBER:00607392

    
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 by: 




Mr P A Tuckwell
Director

Date: 17 June 2025

The notes on pages 4 to 12 form part of these financial statements.


- 3 -



 
L. E. TUCKWELL LIMITED
 

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

1.


General information

L.E. Tuckwell Limited (the 'Company') is a private company limited by shares. It is incorporated and domiciled in England and Wales. The address of its registered office is Shop Street, Worlingworth, Woodbridge, Suffolk IP13 7HU.

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 financial statements are prepared in round pounds, and the reporting currency is pound sterling (£). 

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have prepared forecasts covering at least 12 months from the date these financial statements were approved, which consider the strong trading position and the ability to raise funds. The Directors are satisfied that with the expectations that current facilities remain in place, that the Company is able to continue to trade and meet its liabilities as they fall due for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. Accordingly these financial statements have been prepared on the 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:

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.

Rental income
Rental income is recognised over the period of the lease agreement.


- 4 -



 
L. E. TUCKWELL LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Pensions

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 Other Creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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

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.



- 5 -



 
L. E. TUCKWELL LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
1 to 10%
Plant and machinery
-
5 to 33%
Motor vehicles
-
20 to 25%
Fixtures and fittings
-
20%

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.

No depreciation is charged on assets in the course of construction. 
Property held for rental is classified as freehold land and building, and recognised on the basis set out above. In the Directors opinion the values of the property rented out are not deemed material to be seperately disclosed.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.


- 6 -



 
L. E. TUCKWELL LIMITED
 

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

2.Accounting policies (continued)

 
2.11

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.

  
2.12

Debtors

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

 
2.13

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.

 
2.14

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.

 
2.15

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.

  
2.16

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 9 (2023 - 10).


- 7 -



 
L. E. TUCKWELL LIMITED
 

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

4.


Tangible fixed assets





Freehold land and property
Plant and machinery
Motor vehicles
Fixtures 
and
 fittings
Assets under 
const-
ruction
Total

£
£
£
£
£
£



Cost 


At 1 October 2023
7,970,966
2,433,452
239,195
11,929
85,744
10,741,286


Additions
34,535
580,610
1,200
35,809
1,302,700
1,954,854


Disposals
-
(855,978)
-
-
(46,220)
(902,198)


Transfers between classes
-
3,000
-
-
(3,000)
-



At 30 September 2024

8,005,501
2,161,084
240,395
47,738
1,339,224
11,793,942



Depreciation


At 1 October 2023
1,086,301
1,480,563
82,722
11,562
-
2,661,148


Charge for the year on owned assets
57,312
276,677
105,022
4,651
-
443,662


Disposals
-
(485,254)
-
-
-
(485,254)



At 30 September 2024

1,143,613
1,271,986
187,744
16,213
-
2,619,556



Net book value



At 30 September 2024
6,861,888
889,098
52,651
31,525
1,339,224
9,174,386



At 30 September 2023
6,884,665
952,889
156,473
367
85,744
8,080,138

Included within freehold land and property is land amounting to £5,991,871 (2023 - £5,991,871) which is not depreciated.

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


2024
2023
£
£



Plant and machinery
605,760
492,182

605,760
492,182


- 8 -



 
L. E. TUCKWELL LIMITED
 

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

5.


Fixed asset investments





Investment in joint ventures

£



Cost or valuation


Additions
72,576



At 30 September 2024
72,576





6.


Debtors

2024
2023
£
£


Trade debtors
32,842
187,216

Other debtors
113,256
143,976

Prepayments and accrued income
297,146
227,301

443,244
558,493



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
74
215

Less: bank overdraft (see note 8)
(1,098,253)
(1,228,087)

(1,098,179)
(1,227,872)



- 9 -



 
L. E. TUCKWELL LIMITED
 

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

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdraft
1,098,253
1,228,087

Bank loans (see note 10)
247,448
239,301

Obligations under finance lease and hire purchase contracts
276,220
325,926

Trade creditors
343,062
472,978

Other taxation and social security
7,138
8,491

Other creditors
3,443,366
2,447,933

Accruals and deferred income
160,818
97,242

5,576,305
4,819,958


Amounts owed under hire purchase contracts are secured on the assets to which they relate.
The bank overdraft is secured by charges over certain land owned by the company.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans (see note 10)
3,180,970
2,653,913

Net obligations under finance leases and hire purchase contracts
122,450
108,951

3,303,420
2,762,864



- 10 -



 
L. E. TUCKWELL LIMITED
 

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
247,448
239,301

Amounts falling due 1-2 years

Bank loans
255,525
247,447

Amounts falling due 2-5 years

Bank loans
815,660
791,221

Amounts falling due after more than 5 years

Bank loans
2,109,785
1,615,245

3,428,418
2,893,214


The bank loans are secured by charges with Barclays Bank plc lodged between 5 January 1972 and 7 February 2024 which secures all borrowings by fixed and floating charges over the company's assets.


11.


Contingent liabilities

The company is subject to a cross guarantee with a related party, P. Tuckwell Limited. As at 30 September 2024 the net amount due under the agreement was £3,443,849 (2023 - £3,069,894).
The company is guarantor on finance agreements entered into by Plant Well Farms LLP, which it has a 50% investment. At the year end £1,043,031 was due under these agreements, which are also secured on the assets to which they relate.


12.


Pension commitments

The Company operates a defined contribution 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 £8,027 (2023 - £7,806). Contributions amounting to £1,524 (2023 - £1,727) were payable to the fund at the balance sheet date and are included within Accruals.


13.


Related party transactions

At the year end the Company owed £3,407,997 (2023 - £2,352,784) to a company under common control. The related party has also entered into a cross company guarantee with the Company covering the borrowings provided by Barclays Bank Plc.


- 11 -



 
L. E. TUCKWELL LIMITED
 

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

14.


Controlling party

In the opinion of the Directors, the ultimate controlling party is Mr P A Tuckwell due to his majority shareholding in the Company.

 

- 12 -