Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31142022-04-01falseNo description of principal activity14truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC679925 2022-04-01 2023-03-31 SC679925 2021-04-01 2022-03-31 SC679925 2023-03-31 SC679925 2022-03-31 SC679925 c:Director1 2022-04-01 2023-03-31 SC679925 c:Director2 2022-04-01 2023-03-31 SC679925 c:RegisteredOffice 2022-04-01 2023-03-31 SC679925 d:PlantMachinery 2022-04-01 2023-03-31 SC679925 d:PlantMachinery 2023-03-31 SC679925 d:PlantMachinery 2022-03-31 SC679925 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC679925 d:OfficeEquipment 2022-04-01 2023-03-31 SC679925 d:OfficeEquipment 2023-03-31 SC679925 d:OfficeEquipment 2022-03-31 SC679925 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC679925 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 SC679925 d:OtherPropertyPlantEquipment 2023-03-31 SC679925 d:OtherPropertyPlantEquipment 2022-03-31 SC679925 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC679925 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC679925 d:CurrentFinancialInstruments 2023-03-31 SC679925 d:CurrentFinancialInstruments 2022-03-31 SC679925 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC679925 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC679925 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC679925 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC679925 d:ShareCapital 2023-03-31 SC679925 d:ShareCapital 2022-03-31 SC679925 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC679925 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC679925 c:FRS102 2022-04-01 2023-03-31 SC679925 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC679925 c:FullAccounts 2022-04-01 2023-03-31 SC679925 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: SC679925










J L WILKIE & CO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
J L WILKIE & CO LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr D J Wilkie 
Mr D S Wilkie 




REGISTERED NUMBER
SC679925



REGISTERED OFFICE
2 Westbank Farm
Longforgan

Dundee

DD2 5EZ




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J L WILKIE & CO LIMITED
REGISTERED NUMBER: SC679925

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
443,071
653,293

  
443,071
653,293

Current assets
  

Debtors: amounts falling due within one year
 5 
136,734
349,421

Bank and cash balances
  
70,203
8,694

  
206,937
358,115

Creditors: amounts falling due within one year
 6 
(236,680)
(543,228)

Net current liabilities
  
 
 
(29,743)
 
 
(185,113)

Total assets less current liabilities
  
413,328
468,180

Creditors: amounts falling due after more than one year
  
(269,408)
(403,869)

Provisions for liabilities
  

Deferred tax
  
(29,820)
(4,666)

  
 
 
(29,820)
 
 
(4,666)

Net assets
  
114,100
59,645


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
114,000
59,545

  
114,100
59,645


Page 1

 
J L WILKIE & CO LIMITED
REGISTERED NUMBER: SC679925

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 14 September 2023.




Mr D J Wilkie
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
J L WILKIE & CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

J L Wilkie & Co Limited is a private company, limited by shares, incorporated in Scotland with registration number SC679925.  The registered office is 2 Westbank Farm, Longforgan, Dundee, DD2 5EZ.
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

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.

 
2.3

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 3

 
J L WILKIE & CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

 
2.5

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:

Plant and machinery
-
15%
Office equipment
-
15%
Lorries and trailers
-
15%

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.

 
2.6

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.

Page 4

 
J L WILKIE & CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
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

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.

 
2.9

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.

 
2.10

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.

 
2.11

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 14 (2022 - 14).

Page 5

 
J L WILKIE & CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Office equipment
Lorries and trailers
Total

£
£
£
£



Cost or valuation


At 1 April 2022
90,950
2,631
674,743
768,324


Disposals
-
-
(155,638)
(155,638)



At 31 March 2023

90,950
2,631
519,105
612,686



Depreciation


At 1 April 2022
13,643
395
100,993
115,031


Charge for the year on owned assets
11,597
335
65,998
77,930


Disposals
-
-
(23,346)
(23,346)



At 31 March 2023

25,240
730
143,645
169,615



Net book value



At 31 March 2023
65,710
1,901
375,460
443,071



At 31 March 2022
77,307
2,236
573,750
653,293


5.


DEBTORS

2023
2022
£
£


Trade debtors
78,295
286,011

Other debtors
56,634
58,913

Prepayments and accrued income
1,805
4,497

136,734
349,421


Page 6

 
J L WILKIE & CO LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
17,668
128,747

Other taxation and social security
81,270
38,382

Obligations under finance lease and hire purchase contracts
135,942
221,042

Other creditors
-
145,557

Accruals and deferred income
1,800
9,500

236,680
543,228



Page 7