Caseware UK (AP4) 2024.0.164 2024.0.164 2025-08-31 2025-08-31 2026-05-21 true 84 84 2024-09-01 false No description of principal activity true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00858354 2024-09-01 2025-08-31 00858354 2023-09-01 2024-08-31 00858354 2025-08-31 00858354 2024-08-31 00858354 c:Director7 2024-09-01 2025-08-31 00858354 d:Buildings 2024-09-01 2025-08-31 00858354 d:Buildings 2025-08-31 00858354 d:Buildings 2024-08-31 00858354 d:Buildings d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 00858354 d:Buildings d:LongLeaseholdAssets 2024-09-01 2025-08-31 00858354 d:Buildings d:LongLeaseholdAssets 2025-08-31 00858354 d:Buildings d:LongLeaseholdAssets 2024-08-31 00858354 d:MotorVehicles 2024-09-01 2025-08-31 00858354 d:MotorVehicles 2025-08-31 00858354 d:MotorVehicles 2024-08-31 00858354 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 00858354 d:FurnitureFittings 2024-09-01 2025-08-31 00858354 d:FurnitureFittings 2025-08-31 00858354 d:FurnitureFittings 2024-08-31 00858354 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 00858354 d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 00858354 d:Goodwill 2025-08-31 00858354 d:Goodwill 2024-08-31 00858354 d:CurrentFinancialInstruments 2025-08-31 00858354 d:CurrentFinancialInstruments 2024-08-31 00858354 d:Non-currentFinancialInstruments 2025-08-31 00858354 d:Non-currentFinancialInstruments 2024-08-31 00858354 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 00858354 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 00858354 d:Non-currentFinancialInstruments d:AfterOneYear 2025-08-31 00858354 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 00858354 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-08-31 00858354 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 00858354 d:ShareCapital 2025-08-31 00858354 d:ShareCapital 2024-08-31 00858354 d:SharePremium 2025-08-31 00858354 d:SharePremium 2024-08-31 00858354 d:RevaluationReserve 2025-08-31 00858354 d:RevaluationReserve 2024-08-31 00858354 d:RetainedEarningsAccumulatedLosses 2025-08-31 00858354 d:RetainedEarningsAccumulatedLosses 2024-08-31 00858354 c:FRS102 2024-09-01 2025-08-31 00858354 c:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 00858354 c:FullAccounts 2024-09-01 2025-08-31 00858354 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 00858354 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2025-08-31 00858354 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-08-31 00858354 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2025-08-31 00858354 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2024-08-31 00858354 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2025-08-31 00858354 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2024-08-31 00858354 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:MoreThanFiveYears 2025-08-31 00858354 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:MoreThanFiveYears 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 00858354 BRAISWICK PHOTOGRAPHIC COMPANY LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 AUGUST 2025
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED REGISTERED NUMBER: 00858354 BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 1,220,817 |  | 1,193,248
|  |  | 1,220,817 |  | 1,193,248
Current assets |  |  |  |  |
Stocks | 6 | 228,856 |  | 132,507 |
Debtors: amounts falling due within one year | 7 | 374,204 |  | 248,671 |
Cash at bank and in hand | 8 | 4,885 |  | 278,891 |
|  | 607,945 |  | 660,069 |
Creditors: amounts falling due within one year | 9 | (597,745) |  | (480,256) |
Net current assets |  |  | 10,200 |  | 179,813
Total assets less current liabilities |  |  | 1,231,017 |  | 1,373,061
Creditors: amounts falling due after more than one year | 10 |  | (498,969) |  | (531,583)
Net assets |  |  | 732,048 |  | 841,478
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 35,750 |  | 35,750
Share premium account |  |  | 1,125 |  | 1,125
Revaluation reserve |  |  | 212,359 |  | 212,359
Profit and loss account |  |  | 482,814 |  | 592,244
|  |  | 732,048 |  | 841,478
Page 1
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED REGISTERED NUMBER: 00858354 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 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 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 21 May 2026.
J Carne
Director
The notes on pages 3 to 11 form part of these financial statements. Page 2
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
Braiswick Photographic Company Limited is a private company limited by share capital and incorporated in England and Wales with registration number 00858354. The address of registered office is Wesley House, Cattawade, Essex, CO11 1RJ. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. 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. 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
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.3 | 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.
| 2.4 | 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 a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | Not depreciated
|  |  |  | Long-term leasehold property | - | Not depreciated
|  |  |  | Motor vehicles | - | 25% reducing balances
|  |  |  | Fixtures and fittings | - | 15%-20% reducing balance and 9 years 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. Freehold and leasehold properties are included in the Balance Sheet at their open market value. Depreciation is not provided on properties as in the opinion of the directors, the residual values (in terms of original cost) is such that any depreciation charge would be immaterial. The Company’s policy is to maintain its properties to a high standard through a continual programme of refurbishment and maintenance.
| 2.5 | 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. Page 4
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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.
| 2.8 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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. Page 5
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.12 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.13 | 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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 84 (2024 - 84).
Page 6
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 September 2024 | 158,867
| At 31 August 2025 | 158,867
| Amortisation |
| At 1 September 2024 | 158,867
| At 31 August 2025 | 158,867
| Net book value |
| At 31 August 2025 | -
| At 31 August 2024 | -
Page 7
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
5. | Tangible fixed assets
|  | Freehold property | Long-term leasehold property | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 September 2024 | 340,000 | 390,000 | 817,906 | 1,396,902 | 2,944,808
| Additions | - | - | 205,658 | 15,194 | 220,852
| Disposals | - | - | (134,322) | - | (134,322)
| At 31 August 2025 | 340,000 | 390,000 | 889,242 | 1,412,096 | 3,031,338
| Depreciation |  |  |  |  |
| At 1 September 2024 | - | - | 472,696 | 1,278,864 | 1,751,560
| Charge for the year on owned assets | - | - | 124,680 | 23,965 | 148,645
| Disposals | - | - | (89,684) | - | (89,684)
| At 31 August 2025 | - | - | 507,692 | 1,302,829 | 1,810,521
| Net book value |  |  |  |  |
| At 31 August 2025 | 340,000 | 390,000 | 381,550 | 109,267 | 1,220,817
| At 31 August 2024 | 340,000 | 390,000 | 345,210 | 118,038 | 1,193,248
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 220,050 | 130,160
| Work in progress | 8,806 | 2,347
|  | 228,856 | 132,507
Page 8
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 9,141 | 9,401
| Amounts owed by group undertakings | 483 | 483
| Other debtors | 294,137 | 224,661
| Deferred taxation | 70,443 | 14,126
|  | 374,204 | 248,671
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 4,885 | 278,891
|  | 4,885 | 278,891
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 121,050 | 173,448
| Trade creditors | 133,227 | 120,418
| Corporation tax | - | 18,608
| Other taxation and social security | 49,705 | 35,675
| Obligations under finance lease and hire purchase contracts | 112,374 | 104,115
| Other creditors | 181,389 | 27,992
|  | 597,745 | 480,256
| The bank loans of £87,716 (2024: £88,854) are secured by a fixed and floating charge over all current and future assets of the Company. There are charges on the Company's freehold and leasehold properties. Hire purchase creditors are secured on the assets to which they relate.
Page 9
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 352,769 | 397,372
| Net obligations under finance leases and hire purchase contracts | 146,200 | 134,211
|  | 498,969 | 531,583
| Secured loans The bank loans of £352,769 (2024: £364,038) are secured by a fixed and floating charge over all current and future assets of the Company. There are charges on the Company's freehold and leasehold properties. Hire purchase creditors are secured on the assets to which they relate.
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 121,050 | 173,448
| Amounts falling due 2-5 years |  |
| Bank loans | 352,769 | 397,372
|  | 473,819 | 570,820
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 £39,118 (2024: £36,620). Contributions totaling £6,624 (2024: £7,724) were payable to the fund at the balance sheet date. Page 10
BRAISWICK PHOTOGRAPHIC COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
13. | Commitments under operating leases
| At 31 August 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 | 20,000 | 20,000
| Later than 1 year and not later than 5 years | 80,000 | 80,000
| Later than 5 years | 340,000 | 360,000
|  | 440,000 | 460,000
14. | Related party transactions
| During the year the directors received rent from the company of £21,667 (2024: £20,833).
Page 11