Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC472740 2022-04-01 2023-03-31 SC472740 2021-04-01 2022-03-31 SC472740 2023-03-31 SC472740 2022-03-31 SC472740 c:CompanySecretary1 2022-04-01 2023-03-31 SC472740 c:Director1 2022-04-01 2023-03-31 SC472740 c:Director4 2022-04-01 2023-03-31 SC472740 c:Director5 2022-04-01 2023-03-31 SC472740 c:RegisteredOffice 2022-04-01 2023-03-31 SC472740 d:PlantMachinery 2022-04-01 2023-03-31 SC472740 d:PlantMachinery 2023-03-31 SC472740 d:PlantMachinery 2022-03-31 SC472740 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC472740 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 SC472740 d:ComputerSoftware 2023-03-31 SC472740 d:ComputerSoftware 2022-03-31 SC472740 d:CurrentFinancialInstruments 2023-03-31 SC472740 d:CurrentFinancialInstruments 2022-03-31 SC472740 d:Non-currentFinancialInstruments 2023-03-31 SC472740 d:Non-currentFinancialInstruments 2022-03-31 SC472740 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC472740 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC472740 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC472740 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC472740 d:ShareCapital 2023-03-31 SC472740 d:ShareCapital 2022-03-31 SC472740 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC472740 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC472740 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC472740 c:OrdinaryShareClass1 2023-03-31 SC472740 c:OrdinaryShareClass1 2022-03-31 SC472740 c:FRS102 2022-04-01 2023-03-31 SC472740 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC472740 c:FullAccounts 2022-04-01 2023-03-31 SC472740 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC472740 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 SC472740 d:ComputerSoftware d:OwnedIntangibleAssets 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC472740










WORLDWIDE REFEREE SUPPLIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
WORLDWIDE REFEREE SUPPLIES LIMITED
 

COMPANY INFORMATION


DIRECTORS
William Ferguson 
Greg Soutar 
Gavin P Harris 




COMPANY SECRETARY
Greg Soutar



REGISTERED NUMBER
SC472740



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
WORLDWIDE REFEREE SUPPLIES LIMITED
REGISTERED NUMBER: SC472740

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

FIXED ASSETS
  

Intangible assets
 4 
719
-

Tangible assets
 5 
842
-

  
1,561
-

CURRENT ASSETS
  

Stocks
  
26,135
8,601

Debtors: amounts falling due within one year
 6 
2,219
2,085

Cash at bank and in hand
  
2,800
1,386

  
31,154
12,072

Creditors: amounts falling due within one year
 7 
(15,033)
(5,719)

NET CURRENT ASSETS
  
 
 
16,121
 
 
6,353

TOTAL ASSETS LESS CURRENT LIABILITIES
  
17,682
6,353

Creditors: amounts falling due after more than one year
 8 
(5,217)
-

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(160)
-

  
 
 
(160)
 
 
-

NET ASSETS
  
12,305
6,353


CAPITAL AND RESERVES
  

Called up share capital 
 9 
4,003
4,003

Profit and loss account
  
8,302
2,350

  
12,305
6,353


Page 1

 
WORLDWIDE REFEREE SUPPLIES LIMITED
REGISTERED NUMBER: SC472740

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 10 October 2023.


William Ferguson
Director

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

Page 2

 
WORLDWIDE REFEREE SUPPLIES LIMITED
 

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

1.


GENERAL INFORMATION

Worldwide Referee Supplies Limited is a private company, limited by shares, incorporated in Scotland with registration number SC472740..  The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ.
The Company's functional and presentational currency is GBP.

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:

Sale of goods

Turnover 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 turnover 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.

Page 3

 
WORLDWIDE REFEREE SUPPLIES LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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.

 
2.4

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.

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Website costs
-
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.

Page 4

 
WORLDWIDE REFEREE SUPPLIES LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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 reporting 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.

 
2.7

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.

 
2.8

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.

 
2.9

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 3 (2022 - 3).

Page 5

 
WORLDWIDE REFEREE SUPPLIES LIMITED
 

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

4.


INTANGIBLE ASSETS




Website costs

£



COST


At 1 April 2022
1,017


Additions
960



At 31 March 2023

1,977



AMORTISATION


At 1 April 2022
1,017


Charge for the year on owned assets
241



At 31 March 2023

1,258



NET BOOK VALUE



At 31 March 2023
719



At 31 March 2022
-




5.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


Additions
1,124



At 31 March 2023

1,124



DEPRECIATION


Charge for the year on owned assets
282



At 31 March 2023

282



NET BOOK VALUE



At 31 March 2023
842



At 31 March 2022
-

Page 6

 
WORLDWIDE REFEREE SUPPLIES LIMITED
 

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

6.


DEBTORS

2023
2022
£
£


Trade debtors
2,219
2,085

2,219
2,085



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
2,108
-

Trade creditors
3,009
869

Other creditors
9,541
4,430

Accruals and deferred income
375
420

15,033
5,719



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
5,217
-

5,217
-



9.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



4,003 (2022 - 4,003) Ordinary shares of £1.00 each
4,003
4,003



Page 7