Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity1010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08577853 2024-04-01 2025-03-31 08577853 2023-04-01 2024-03-31 08577853 2025-03-31 08577853 2024-03-31 08577853 c:Director2 2024-04-01 2025-03-31 08577853 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 08577853 d:Buildings d:LongLeaseholdAssets 2025-03-31 08577853 d:Buildings d:LongLeaseholdAssets 2024-03-31 08577853 d:PlantMachinery 2024-04-01 2025-03-31 08577853 d:PlantMachinery 2025-03-31 08577853 d:PlantMachinery 2024-03-31 08577853 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08577853 d:MotorVehicles 2024-04-01 2025-03-31 08577853 d:MotorVehicles 2025-03-31 08577853 d:MotorVehicles 2024-03-31 08577853 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08577853 d:FurnitureFittings 2024-04-01 2025-03-31 08577853 d:FurnitureFittings 2025-03-31 08577853 d:FurnitureFittings 2024-03-31 08577853 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08577853 d:OfficeEquipment 2024-04-01 2025-03-31 08577853 d:OfficeEquipment 2025-03-31 08577853 d:OfficeEquipment 2024-03-31 08577853 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08577853 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 08577853 d:CurrentFinancialInstruments 2025-03-31 08577853 d:CurrentFinancialInstruments 2024-03-31 08577853 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 08577853 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08577853 d:ShareCapital 2025-03-31 08577853 d:ShareCapital 2024-03-31 08577853 d:RetainedEarningsAccumulatedLosses 2025-03-31 08577853 d:RetainedEarningsAccumulatedLosses 2024-03-31 08577853 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-03-31 08577853 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 08577853 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 08577853 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08577853 c:OrdinaryShareClass1 2024-04-01 2025-03-31 08577853 c:OrdinaryShareClass1 2025-03-31 08577853 c:OrdinaryShareClass1 2024-03-31 08577853 c:FRS102 2024-04-01 2025-03-31 08577853 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08577853 c:FullAccounts 2024-04-01 2025-03-31 08577853 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08577853 2 2024-04-01 2025-03-31 08577853 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08577853





SOWTON MOTS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




















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SOWTON MOTS LTD
REGISTERED NUMBER:08577853

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
55,916
45,821

  
55,916
45,821

Current assets
  

Stocks
 5 
14,140
14,302

Debtors: amounts falling due within one year
 6 
17,855
23,211

Cash at bank and in hand
  
337,888
126,192

  
369,883
163,705

Creditors: amounts falling due within one year
 7 
(199,562)
(141,591)

Net current assets
  
 
 
170,321
 
 
22,114

Total assets less current liabilities
  
226,237
67,935

Provisions for liabilities
  

Deferred tax
 9 
(12,120)
(10,212)

  
 
 
(12,120)
 
 
(10,212)

Net assets
  
214,117
57,723


Capital and reserves
  

Called up share capital 
  
280
230

Profit and loss account
  
213,837
57,493

  
214,117
57,723


Page 1

 
SOWTON MOTS LTD
REGISTERED NUMBER:08577853
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 4 June 2025.




V Potter
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Sowton Mots Ltd is a private company, limited by shares, domiciled in England and Wales. The registered office is Courtenay House, Pynes Hill, Exeter, England, EX2 5AZ.

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

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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 reporting 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 reporting 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 reporting 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.

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

Depreciation is provided on the following basis:

Long-term leasehold property
-
20%
reducing balance
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
straight-line
Office equipment
-
25%
straight-line

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 5

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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 reporting 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.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

Page 6

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.15
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
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.

Page 7

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2024 - 10).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2024
9,628
81,087
42,111
3,347
3,500
139,673


Additions
-
2,846
21,815
-
2,000
26,661



At 31 March 2025

9,628
83,933
63,926
3,347
5,500
166,334



Depreciation


At 1 April 2024
9,422
56,536
24,639
1,371
1,884
93,852


Charge for the year on owned assets
41
7,504
7,317
692
1,012
16,566



At 31 March 2025

9,463
64,040
31,956
2,063
2,896
110,418



Net book value



At 31 March 2025
165
19,893
31,970
1,284
2,604
55,916



At 31 March 2024
206
24,551
17,472
1,976
1,616
45,821

Page 8

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Stocks

2025
2024
£
£

Finished goods and goods for resale
14,140
14,302

14,140
14,302



6.


Debtors

2025
2024
£
£


Trade debtors
14,153
11,420

Amounts owed by group undertakings
-
4,238

Other debtors
550
5,293

Prepayments and accrued income
3,152
2,260

17,855
23,211



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
63,292
64,505

Amounts owed to group undertakings
15,376
-

Corporation tax
91,709
54,953

Other taxation and social security
26,442
12,357

Other creditors
283
168

Accruals and deferred income
2,460
9,608

199,562
141,591


Page 9

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Financial instruments

2025
2024
£
£

Financial assets


Financial assets measured at fair value through profit or loss
337,888
337,888




Financial assets measured at fair value through profit or loss comprise...

Page 10

 
SOWTON MOTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Deferred taxation




2025


£






At beginning of year
(10,212)


Charged to profit or loss
(1,908)



At end of year
(12,120)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(12,120)
(10,212)

(12,120)
(10,212)


10.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



280 (2024 - 230) Ordinary shares of £1.00 each
280
230


On 28 May 2025, 50 Ordinary shares were issued with a value of £1.00 each


11.


Pension commitments

The company operates a defined contributions pension scheme. The pension cost charge represents contributions payable by the company  to the fund and amounted to £1,671 (2024 - £3,183) . Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11