Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-28 2025-02-28 3 No description of principal activity 2024-03-01 false 3 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09764952 2024-03-01 2025-02-28 09764952 2023-03-01 2024-02-29 09764952 2025-02-28 09764952 2024-02-29 09764952 2023-03-01 09764952 c:Director1 2024-03-01 2025-02-28 09764952 d:MotorVehicles 2024-03-01 2025-02-28 09764952 d:MotorVehicles 2025-02-28 09764952 d:MotorVehicles 2024-02-29 09764952 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 09764952 d:ComputerEquipment 2024-03-01 2025-02-28 09764952 d:ComputerEquipment 2025-02-28 09764952 d:ComputerEquipment 2024-02-29 09764952 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 09764952 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 09764952 d:CurrentFinancialInstruments 2025-02-28 09764952 d:CurrentFinancialInstruments 2024-02-29 09764952 d:Non-currentFinancialInstruments 2025-02-28 09764952 d:Non-currentFinancialInstruments 2024-02-29 09764952 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 09764952 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09764952 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 09764952 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 09764952 d:ShareCapital 2025-02-28 09764952 d:ShareCapital 2024-02-29 09764952 d:ShareCapital 2023-03-01 09764952 d:SharePremium 2025-02-28 09764952 d:SharePremium 2024-02-29 09764952 d:SharePremium 2023-03-01 09764952 d:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 09764952 d:RetainedEarningsAccumulatedLosses 2025-02-28 09764952 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 09764952 d:RetainedEarningsAccumulatedLosses 2024-02-29 09764952 d:RetainedEarningsAccumulatedLosses 2023-03-01 09764952 c:FRS102 2024-03-01 2025-02-28 09764952 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09764952 c:FullAccounts 2024-03-01 2025-02-28 09764952 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09764952 2 2024-03-01 2025-02-28 09764952 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 09764952 SEVERN BRIDGING LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 28 FEBRUARY 2025
SEVERN BRIDGING LTD REGISTERED NUMBER: 09764952 BALANCE SHEET AS AT 28 FEBRUARY 2025
| 2025 | 2024
Note | £ | £
Fixed assets |  |  |
Tangible assets | 4 | 12,385 | 20,458
Current assets |  |  |
Debtors: amounts falling due within one year | 5 | 6,323,579 | 4,389,016
Cash at bank and in hand | 6 | 51,033 | 202,719
|  | 6,374,612 | 4,591,735
Creditors: amounts falling due within one year | 7 | (2,317,879) | (1,598,280)
Total assets less current liabilities |  | 4,069,118 | 3,013,913
Creditors: amounts falling due after more than one year | 8 | (1,189,111) | (246,889)
Net assets |  | 2,880,007 | 2,767,024
Capital and reserves |  |  |
Called up share capital |  | 2,750 | 2,750
Share premium account |  | 2,482,250 | 2,482,250
Profit and loss account |  | 395,007 | 282,024
|  | 2,880,007 | 2,767,024
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 Company has opted not to file the profit and loss account 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 17 November 2025.
................................................ Daryl Thorpe
Director
The notes on pages 4 to 10 form part of these financial statements. Page 1
SEVERN BRIDGING LTD REGISTERED NUMBER: 09764952 BALANCE SHEET (CONTINUED) AS AT 28 FEBRUARY 2025 Page 2
SEVERN BRIDGING LTD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2025
| Called up share capital | Share premium account | Profit and loss account | Total equity
| £ | £ | £ | £
At 1 March 2023 | 2,750 | 2,482,250 | 220,797 | 2,705,797
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 61,227 | 61,227
At 1 March 2024 | 2,750 | 2,482,250 | 282,024 | 2,767,024
Comprehensive income for the year |  |  |  |
Profit for the year | - | - | 112,983 | 112,983
At 28 February 2025 | 2,750 | 2,482,250 | 395,007 | 2,880,007
| The notes on pages 4 to 10 form part of these financial statements.
Page 3
SEVERN BRIDGING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
1. | General information
Severn Bridging Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 09764952. The address of the registered office is 55 Chislehurst Road, Chislehurst, Kent, England, BR7 5NP. 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.
| 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: 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.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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. Page 4
SEVERN BRIDGING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 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 | Taxation
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 5
SEVERN BRIDGING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% | Straight line
|  |  |  | Computer 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.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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
SEVERN BRIDGING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
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. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
Page 7
SEVERN BRIDGING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
4. | Tangible fixed assets
|  | Motor vehicles | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 March 2024 | 37,768 | - | 37,768
| Additions | - | 1,398 | 1,398
| At 28 February 2025 | 37,768 | 1,398 | 39,166
| Depreciation |  |  |
| At 1 March 2024 | 17,310 | - | 17,310
| Charge for the year on owned assets | 9,442 | 29 | 9,471
| At 28 February 2025 | 26,752 | 29 | 26,781
| Net book value |  |  |
| At 28 February 2025 | 11,016 | 1,369 | 12,385
| At 29 February 2024 | 20,458 | - | 20,458
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 6,301,250 | 4,126,604
| Amounts owed by group undertakings | 1,376 | 5,731
| Other debtors | 50 | 250,050
| Prepayments and accrued income | 20,903 | 6,631
|  | 6,323,579 | 4,389,016
| Amounts owed by group undertakings are unsecured, interest-free have no fixed date of repayment and are repayable on demand.
Page 8
SEVERN BRIDGING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 51,033 | 202,719
|  | 51,033 | 202,719
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 9,167 | 10,000
| Trade creditors | 5,000 | 127,351
| Amounts owed to group undertakings | 81,629 | 1,237
| Corporation tax | 42,069 | 17,195
| Other taxation and social security | 3,134 | 2,912
| Other creditors | 1,533,682 | 1,160,233
| Accruals and deferred income | 643,198 | 279,352
|  | 2,317,879 | 1,598,280
| Amounts owed to group undertakings are unsecured, interest-free have no fixed date of repayment and are repayable on demand.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 19,167
| Other creditors | 1,189,111 | 227,722
|  | 1,189,111 | 246,889
Page 9
SEVERN BRIDGING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
9. | Related party transactions
| Included in other creditors at the balance sheet date are amounts owed to the directors Daryl Thorpe, Kathleen Thorpe and Richard Thorpe of £176,597 (2024: £3,146), £213,575 (2024: £608,575) and £76 (2024: £76), respectively. The directors have confirmed that they will not seek repayment of these amounts if it would prevent the company meeting its liabilities as they fall due for a period of at least 12 months from the date of signing the accounts.
Page 10