Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31falsefalse2024-02-01No description of principal activity4343falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00161812 2024-02-01 2025-01-31 00161812 2023-02-01 2024-01-31 00161812 2025-01-31 00161812 2024-01-31 00161812 c:Director1 2024-02-01 2025-01-31 00161812 d:Buildings 2024-02-01 2025-01-31 00161812 d:Buildings 2025-01-31 00161812 d:Buildings 2024-01-31 00161812 d:Buildings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 00161812 d:PlantMachinery 2024-02-01 2025-01-31 00161812 d:PlantMachinery 2025-01-31 00161812 d:PlantMachinery 2024-01-31 00161812 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 00161812 d:MotorVehicles 2024-02-01 2025-01-31 00161812 d:MotorVehicles 2025-01-31 00161812 d:MotorVehicles 2024-01-31 00161812 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 00161812 d:FurnitureFittings 2024-02-01 2025-01-31 00161812 d:FurnitureFittings 2025-01-31 00161812 d:FurnitureFittings 2024-01-31 00161812 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 00161812 d:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 00161812 d:OtherPropertyPlantEquipment 2025-01-31 00161812 d:OtherPropertyPlantEquipment 2024-01-31 00161812 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 00161812 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 00161812 d:CurrentFinancialInstruments 2025-01-31 00161812 d:CurrentFinancialInstruments 2024-01-31 00161812 d:Non-currentFinancialInstruments 2025-01-31 00161812 d:Non-currentFinancialInstruments 2024-01-31 00161812 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 00161812 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 00161812 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 00161812 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 00161812 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-01-31 00161812 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 00161812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-01-31 00161812 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 00161812 d:ShareCapital 2025-01-31 00161812 d:ShareCapital 2024-01-31 00161812 d:RetainedEarningsAccumulatedLosses 2025-01-31 00161812 d:RetainedEarningsAccumulatedLosses 2024-01-31 00161812 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-01-31 00161812 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-01-31 00161812 c:FRS102 2024-02-01 2025-01-31 00161812 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 00161812 c:FullAccounts 2024-02-01 2025-01-31 00161812 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 00161812 d:WithinOneYear 2025-01-31 00161812 d:WithinOneYear 2024-01-31 00161812 d:BetweenOneFiveYears 2025-01-31 00161812 d:BetweenOneFiveYears 2024-01-31 00161812 d:MoreThanFiveYears 2025-01-31 00161812 d:MoreThanFiveYears 2024-01-31 00161812 2 2024-02-01 2025-01-31 00161812 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-01-31 00161812 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-31 00161812 d:LeasedAssetsHeldAsLessee 2025-01-31 00161812 d:LeasedAssetsHeldAsLessee 2024-01-31 00161812 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure
Registered number: 00161812














F.W. RANDALL & COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2025

 
F.W. RANDALL & COMPANY LIMITED
REGISTERED NUMBER:00161812

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2024
Note

Fixed assets
  

Tangible assets
 4 
133,976
91,804

Current assets
  

Stocks
  
629,000
668,000

Debtors: amounts falling due within one year
 5 
36,313
5,653

Cash at bank and in hand
 6 
123,479
199,132

  
788,792
872,785

Creditors: amounts falling due within one year
 7 
(270,415)
(273,382)

Net current assets
  
 
 
518,377
 
 
599,403

Total assets less current liabilities
  
652,353
691,207

Creditors: amounts falling due after more than one year
 8 
(46,392)
(55,875)

Provisions for liabilities
  

Deferred tax
  
(17,453)
(6,945)

  
 
 
(17,453)
 
 
(6,945)

Net assets
  
£588,508
£628,387


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
587,508
627,387

  
£588,508
£628,387


Page 1

 
F.W. RANDALL & COMPANY LIMITED
REGISTERED NUMBER:00161812

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025

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 income and retained earnings 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.


___________________________
E R R Martin
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
F.W. RANDALL & COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

F.W. Randall & Company Limited (00161812) is a private company limited by shares incorporated in England and Wales. The registered office of the company is 29-31 Gabriels Hill, Maidstone, Kent, ME15 6HZ.

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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 3

 
F.W. RANDALL & COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

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.


 
2.9

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

 
F.W. RANDALL & COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
2% - 17% straight line basis
Plant and machinery
-
15% on straight line basis
Motor vehicles
-
25% on reducing balance
Fixtures and fittings
-
20% on reducing balance
Improvements to property
-
7% - 9% straight line basis

 
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. 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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

Page 5

 
F.W. RANDALL & COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.15

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 43 (2024 - 43).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Improvement to property
Total



Cost or valuation


At 1 February 2024
122,485
-
17,500
36,606
89,382
265,973


Additions
1,851
3,914
35,505
10,958
-
52,228



At 31 January 2025

124,336
3,914
53,005
47,564
89,382
318,201



Depreciation


At 1 February 2024
60,644
-
10,117
14,026
89,382
174,169


Charge for the year
1,821
196
1,846
6,193
-
10,056



At 31 January 2025

62,465
196
11,963
20,219
89,382
184,225



Net book value



At 31 January 2025
£61,871
£3,718
£41,042
£27,345
£-
£133,976



At 31 January 2024
£61,841
£-
£7,383
£22,580
£-
£91,804

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


2025
2024



Motor vehicles
35,505
-

£35,505
£-

Page 6

 
F.W. RANDALL & COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

5.


Debtors

2025
2024


Trade debtors
3,357
2,087

Other debtors
31,617
-

Prepayments and accrued income
1,339
3,566

£36,313
£5,653



6.


Cash and cash equivalents

2025
2024

Cash at bank and in hand
123,479
199,132

Less: bank overdrafts
(10,672)
(5,500)

£112,807
£193,632



7.


Creditors: Amounts falling due within one year

2025
2024

Bank overdrafts
10,672
5,500

Bank loans
37,500
37,500

Other loans
-
12,000

Trade creditors
120,430
114,848

Corporation tax
-
19,562

Other taxation and social security
56,198
63,278

Obligations under finance lease and hire purchase contracts
7,488
-

Other creditors
20,806
9,839

Accruals and deferred income
17,321
10,855

£270,415
£273,382


Finance leases and hire purchase contracts are secured on the relevant assets. 


8.


Creditors: Amounts falling due after more than one year

2025
2024

Bank loans
18,375
55,875

Net obligations under finance leases and hire purchase contracts
28,017
-

£46,392
£55,875


Page 7

 
F.W. RANDALL & COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024

Amounts falling due within one year

Bank loans
37,500
37,500

Other loans
-
12,000


37,500
49,500

Amounts falling due 1-2 years

Bank loans
18,375
37,500


18,375
37,500

Amounts falling due 2-5 years

Bank loans
-
18,375


-
18,375


£55,875
£105,375



10.


Financial instruments

2025
2024

Financial assets


Financial assets measured at fair value through profit or loss
£123,479
£199,132




Financial assets measured at fair value through profit or loss comprise bank and cash balances.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £537 (2024 - £494) were payable to the fund at the balance sheet date and are included in creditors.

Page 8

 
F.W. RANDALL & COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

12.


Commitments under operating leases

At 31 January 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024


Not later than 1 year
56,875
56,875

Later than 1 year and not later than 5 years
226,344
227,500

Later than 5 years
-
55,719

£283,219
£340,094

Page 9