Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-3120The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-01falseNo description of principal activity17falsetrue SC214097 2021-01-01 2021-12-31 SC214097 2020-01-01 2020-12-31 SC214097 2021-12-31 SC214097 2020-12-31 SC214097 c:CompanySecretary1 2021-01-01 2021-12-31 SC214097 c:Director1 2021-01-01 2021-12-31 SC214097 c:Director2 2021-01-01 2021-12-31 SC214097 c:RegisteredOffice 2021-01-01 2021-12-31 SC214097 d:FurnitureFittings 2021-01-01 2021-12-31 SC214097 d:FurnitureFittings 2021-12-31 SC214097 d:FurnitureFittings 2020-12-31 SC214097 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 SC214097 d:OfficeEquipment 2021-01-01 2021-12-31 SC214097 d:OfficeEquipment 2021-12-31 SC214097 d:OfficeEquipment 2020-12-31 SC214097 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 SC214097 d:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 SC214097 d:OtherPropertyPlantEquipment 2021-12-31 SC214097 d:OtherPropertyPlantEquipment 2020-12-31 SC214097 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 SC214097 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 SC214097 d:CurrentFinancialInstruments 2021-12-31 SC214097 d:CurrentFinancialInstruments 2020-12-31 SC214097 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 SC214097 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 SC214097 d:ShareCapital 2021-12-31 SC214097 d:ShareCapital 2020-12-31 SC214097 d:RetainedEarningsAccumulatedLosses 2021-12-31 SC214097 d:RetainedEarningsAccumulatedLosses 2020-12-31 SC214097 c:OrdinaryShareClass1 2021-01-01 2021-12-31 SC214097 c:OrdinaryShareClass1 2021-12-31 SC214097 c:OrdinaryShareClass1 2020-12-31 SC214097 c:FRS102 2021-01-01 2021-12-31 SC214097 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 SC214097 c:FullAccounts 2021-01-01 2021-12-31 SC214097 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 SC214097 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC214097










GRANT MCGREGOR LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

 
GRANT MCGREGOR LTD.
 

COMPANY INFORMATION


Directors
Mr D Lawrence 
Mr J Towers 




Company secretary
Mr D Lawrence



Registered number
SC214097



Registered office
The Merchant's Hall
22 Hanover Street

Edinburgh

Midlothian

EH2 2EP




Accountants
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
GRANT MCGREGOR LTD.
REGISTERED NUMBER: SC214097

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
£
£

Fixed assets
  

Tangible assets
 4 
17,959
19,805

Investments
 5 
2,200
2,200

  
20,159
22,005

Current assets
  

Debtors: amounts falling due within one year
 6 
187,101
116,926

Cash at bank and in hand
  
732,879
629,209

  
919,980
746,135

Creditors: amounts falling due within one year
 7 
(301,303)
(311,062)

Net current assets
  
 
 
618,677
 
 
435,073

Total assets less current liabilities
  
638,836
457,078

Provisions for liabilities
  

Deferred tax
  
(3,412)
(3,763)

  
 
 
(3,412)
 
 
(3,763)

Net assets
  
635,424
453,315


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
635,324
453,215

  
635,424
453,315


Page 1

 
GRANT MCGREGOR LTD.
REGISTERED NUMBER: SC214097

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

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 by: 




Mr D Lawrence
Mr J Towers
Director
Director


Date: 25 August 2022

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GRANT MCGREGOR LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Grant McGregor Ltd is a private company limited by shares incorporated in Scotland. The registered office is The Merchants' Hall, 22 Hanover Street, Edinburgh, EH2 2EP.
The financial statements are presented in sterling which is the functional currency of the company and 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

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  Thus the directors continue to adopt the going concern basis of accounting in preparing the 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:

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

 
GRANT MCGREGOR LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

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.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
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 Statement of financial position. 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 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.

Page 4

 
GRANT MCGREGOR LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

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:

Fixtures and fittings
-
20%
Office equipment
-
25%
Website development
-
33%

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.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

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 year was 20 (2020 - 17).

Page 5

 
GRANT MCGREGOR LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Website development
Total

£
£
£
£



Cost or valuation


At 1 January 2021
23,157
48,607
7,595
79,359


Additions
-
10,729
-
10,729



At 31 December 2021

23,157
59,336
7,595
90,088



Depreciation


At 1 January 2021
16,045
35,914
7,595
59,554


Charge for the year on owned assets
4,401
8,174
-
12,575



At 31 December 2021

20,446
44,088
7,595
72,129



Net book value



At 31 December 2021
2,711
15,248
-
17,959



At 31 December 2020
7,112
12,693
-
19,805

Page 6

 
GRANT MCGREGOR LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2021
2,200



At 31 December 2021
2,200





6.


Debtors

2021
2020
£
£


Trade debtors
173,043
103,324

Prepayments and accrued income
14,058
13,602

187,101
116,926



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
107,743
101,219

Other taxation and social security
184,465
204,323

Other creditors
5,994
2,421

Accruals and deferred income
3,101
3,099

301,303
311,062


Page 7

 
GRANT MCGREGOR LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) Ordinary shares of £1.00 each
100
100



Page 8