Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302021-05-042022-04-302021-05-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC697190 2021-04-30 SC697190 2021-05-01 2022-04-30 SC697190 2020-05-01 2021-04-30 SC697190 2022-04-30 SC697190 c:Director1 2021-05-01 2022-04-30 SC697190 c:Director1 2022-04-30 SC697190 c:Director2 2021-05-01 2022-04-30 SC697190 c:Director2 2022-04-30 SC697190 c:Director3 2021-05-01 2022-04-30 SC697190 c:Director3 2022-04-30 SC697190 c:RegisteredOffice 2021-05-01 2022-04-30 SC697190 d:PlantMachinery 2021-05-01 2022-04-30 SC697190 d:PlantMachinery 2022-04-30 SC697190 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 SC697190 d:MotorVehicles 2021-05-01 2022-04-30 SC697190 d:MotorVehicles 2022-04-30 SC697190 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 SC697190 d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 SC697190 d:CurrentFinancialInstruments 2022-04-30 SC697190 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 SC697190 d:ShareCapital 2022-04-30 SC697190 d:RetainedEarningsAccumulatedLosses 2022-04-30 SC697190 c:OrdinaryShareClass1 2021-05-01 2022-04-30 SC697190 c:OrdinaryShareClass1 2022-04-30 SC697190 c:FRS102 2021-05-01 2022-04-30 SC697190 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 SC697190 c:FullAccounts 2021-05-01 2022-04-30 SC697190 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC697190










TW STONEMASONS LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

 
TW STONEMASONS LTD
 

COMPANY INFORMATION


Directors
Mr L Thow (appointed 4 May 2021)
Mr M Wilson (appointed 28 April 2021)
Ms V Bremner (appointed 4 February 2022)




Registered number
SC697190



Registered office
22 Watters Crescent
Lochgelly

Fife

KY5 9LD




Accountants
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
TW STONEMASONS LTD
REGISTERED NUMBER: SC697190

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2022

2022
£

Fixed assets
  

Tangible assets
 4 
9,936

  
9,936

Current assets
  

Debtors: amounts falling due within one year
 5 
4,527

Cash at bank and in hand
  
396

  
4,923

Creditors: amounts falling due within one year
 6 
(12,916)

Net current (liabilities)/assets
  
 
 
(7,993)

Total assets less current liabilities
  
1,943

Provisions for liabilities
  

Deferred tax
  
(564)

  
 
 
(564)

Net assets
  
1,379


Capital and reserves
  

Called up share capital 
 7 
2

Profit and loss account
  
1,377

  
1,379


Page 1

 
TW STONEMASONS LTD
REGISTERED NUMBER: SC697190

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2022

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 period 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 16 August 2022.




Mr L Thow
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TW STONEMASONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

1.


General information

The Company is limited by shares and incorporated in Scotland with registration number SC697190. The registered office is 22 Watters Crescent, Lochgelly, Scotland, KY5 9LD.
The Company was incorporated on 28 April 2021.
The financial statements are presented in Sterling which is the functional currency of the Company and are rounded to the nearest £.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

 
TW STONEMASONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the period 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 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.

 
2.4

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
reducing balance

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 4

 
TW STONEMASONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.5

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.6

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.

 
2.7

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 period was 2.


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


Additions
4,373
8,500
12,873



At 30 April 2022

4,373
8,500
12,873



Depreciation


Charge for the period on owned assets
818
2,119
2,937



At 30 April 2022

818
2,119
2,937



Net book value



At 30 April 2022
3,555
6,381
9,936

Page 5

 
TW STONEMASONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2022

5.


Debtors

2022
£


Trade debtors
3,837

Other debtors
690

4,527



6.


Creditors: Amounts falling due within one year

2022
£

Other taxation and social security
3,551

Other creditors
7,851

Accruals and deferred income
1,514

12,916



7.


Share capital

2022
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2


During the period, 2 Ordinary shares of £1 each were allotted and the consideration received was £2.


Page 6