Caseware UK (AP4) 2024.0.164 2024.0.164 0true2024-05-01falseNo description of principal activity4042trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00458436 2024-05-01 2025-04-30 00458436 2023-05-01 2024-04-30 00458436 2025-04-30 00458436 2024-04-30 00458436 c:Director3 2024-05-01 2025-04-30 00458436 c:Director4 2024-05-01 2025-04-30 00458436 d:Buildings 2024-05-01 2025-04-30 00458436 d:Buildings 2025-04-30 00458436 d:Buildings 2024-04-30 00458436 d:Buildings d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 00458436 d:PlantMachinery 2024-05-01 2025-04-30 00458436 d:PlantMachinery 2025-04-30 00458436 d:PlantMachinery 2024-04-30 00458436 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 00458436 d:MotorVehicles 2024-05-01 2025-04-30 00458436 d:MotorVehicles 2025-04-30 00458436 d:MotorVehicles 2024-04-30 00458436 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 00458436 d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 00458436 d:PatentsTrademarksLicencesConcessionsSimilar 2025-04-30 00458436 d:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 00458436 d:Goodwill 2024-05-01 2025-04-30 00458436 d:CurrentFinancialInstruments 2025-04-30 00458436 d:CurrentFinancialInstruments 2024-04-30 00458436 d:Non-currentFinancialInstruments 2025-04-30 00458436 d:Non-currentFinancialInstruments 2024-04-30 00458436 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 00458436 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00458436 d:Non-currentFinancialInstruments d:AfterOneYear 2025-04-30 00458436 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 00458436 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-04-30 00458436 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 00458436 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-04-30 00458436 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 00458436 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-04-30 00458436 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 00458436 d:ShareCapital 2025-04-30 00458436 d:ShareCapital 2024-04-30 00458436 d:OtherMiscellaneousReserve 2025-04-30 00458436 d:OtherMiscellaneousReserve 2024-04-30 00458436 d:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 00458436 d:RetainedEarningsAccumulatedLosses 2025-04-30 00458436 d:RetainedEarningsAccumulatedLosses 2024-04-30 00458436 c:FRS102 2024-05-01 2025-04-30 00458436 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 00458436 c:FullAccounts 2024-05-01 2025-04-30 00458436 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 00458436 d:AcceleratedTaxDepreciationDeferredTax 2025-04-30 00458436 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 00458436 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2024-05-01 2025-04-30 00458436 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2024-05-01 2025-04-30 00458436 e:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:pure

Registered number: 00458436









H GEDDES & SONS LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 30 April 2025

 
H GEDDES & SONS LIMITED
 
 
 
DIRECTORS' REPORT
For the Year Ended 30 April 2025

The directors present their report and the financial statements for the year ended 30 April 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.




Directors

The directors who served during the year were:

G. Wheatley 
T. Leach 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Page 1

 
H GEDDES & SONS LIMITED
Registered number: 00458436

BALANCE SHEET
As at 30 April 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,500
-

Tangible assets
 5 
876,606
925,741

  
881,106
925,741

Current assets
  

Stocks
 6 
292,587
327,809

Debtors: amounts falling due within one year
 7 
1,033,247
969,337

Cash at bank and in hand
 8 
129
165

  
1,325,963
1,297,311

Creditors: amounts falling due within one year
 9 
(1,667,249)
(1,449,609)

Net current liabilities
  
 
 
(341,286)
 
 
(152,298)

Total assets less current liabilities
  
539,820
773,443

Creditors: amounts falling due after more than one year
 10 
(228,367)
(252,473)

Provisions for liabilities
  

Deferred tax
 12 
(22,249)
(29,716)

  
 
 
(22,249)
 
 
(29,716)

Net assets
  
289,204
491,254


Capital and reserves
  

Called up share capital 
  
4,250
4,250

Other reserves
 13 
95,750
95,750

Profit and loss account
 13 
189,204
391,254

  
289,204
491,254

Page 2

 
H GEDDES & SONS LIMITED
Registered number: 00458436
    
BALANCE SHEET (CONTINUED)
As at 30 April 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 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 24 July 2025.

T. Leach
Director

Page 3

 
H GEDDES & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2025

1.


General information

H Geddes & Sons Limited is a limited liability company incorporated and domiciled in the United Kingdom. Its registered office is shown on the company information page. 

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.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
H GEDDES & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2025

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.


 
2.8

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.

 The estimated useful lives range as follows:

Goodwill
-
3 years

Page 5

 
H GEDDES & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2025

2.Accounting policies (continued)

 
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.

Depreciation 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
-
2%
Plant and equipment
-
10%, 20% or 25%
Motor vehicles
-
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.

 
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.

Page 6

 
H GEDDES & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2025

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 40 (2024 - 42).


4.


Intangible assets




Goodwill

£



Cost


Additions
6,000



At 30 April 2025

6,000



Amortisation


Charge for the year on owned assets
1,500



At 30 April 2025

1,500



Net book value



At 30 April 2025
4,500



At 30 April 2024
-



Page 7

 
H GEDDES & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2025

5.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 May 2024
882,826
1,254,422
4,000
2,141,248


Disposals
-
-
(4,000)
(4,000)



At 30 April 2025

882,826
1,254,422
-
2,137,248



Depreciation


At 1 May 2024
105,665
1,105,842
4,000
1,215,507


Charge for the year on owned assets
17,656
31,479
-
49,135


Disposals
-
-
(4,000)
(4,000)



At 30 April 2025

123,321
1,137,321
-
1,260,642



Net book value



At 30 April 2025
759,505
117,101
-
876,606



At 30 April 2024
777,161
148,580
-
925,741
Page 8

 
H GEDDES & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2025

6.


Stocks

2025
2024
£
£

Work in progress
153,179
171,157

Finished goods and goods for resale
139,408
156,652

292,587
327,809



7.


Debtors

2025
2024
£
£


Trade debtors
880,619
820,234

Other debtors
152,628
149,103

1,033,247
969,337



8.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
129
165

Less: bank overdrafts
(104,929)
(77,568)

(104,800)
(77,403)



9.


Creditors: Amounts falling due within one year

2025
2024
£
£

Factored debt
612,522
534,610

Bank overdrafts
104,929
77,568

Bank loans
23,737
21,945

Trade creditors
740,901
611,311

Other taxation and social security
119,687
109,568

Other creditors
34,305
42,281

Accruals and deferred income
31,168
52,326

1,667,249
1,449,609


Page 9

 
H GEDDES & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2025

10.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
228,367
252,473

228,367
252,473



11.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
23,737
21,945

Factored debt
612,522
534,610


636,259
556,555

Amounts falling due 1-2 years

Bank loans
25,612
23,708


25,612
23,708

Amounts falling due 2-5 years

Bank loans
127,332
127,332


127,332
127,332

Amounts falling due after more than 5 years

Bank loans
75,423
101,432

75,423
101,432

864,626
809,027


Page 10

 
H GEDDES & SONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2025

12.


Deferred taxation




2025


£






At beginning of year
(29,716)


Charged to profit or loss
7,467



At end of year
(22,249)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(22,249)
(29,716)

(22,249)
(29,716)


13.


Reserves

Profit & loss account

The profit and loss account includes all retained profits and losses for the current and prior periods


14.


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. The pension cost charge represents contributions payable by the company to the fund and amounted to £35,156 (2024: £35,020). Contributions totalling £13,356 (2024: £13,990) were payable to the fund at the balance sheet date

 
Page 11