Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2022-07-01No description of principal activity77true SC288659 2022-07-01 2023-06-30 SC288659 2021-07-01 2022-06-30 SC288659 2023-06-30 SC288659 2022-06-30 SC288659 c:Director1 2022-07-01 2023-06-30 SC288659 c:Director2 2022-07-01 2023-06-30 SC288659 c:RegisteredOffice 2022-07-01 2023-06-30 SC288659 d:PlantMachinery 2022-07-01 2023-06-30 SC288659 d:PlantMachinery 2023-06-30 SC288659 d:PlantMachinery 2022-06-30 SC288659 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC288659 d:MotorVehicles 2022-07-01 2023-06-30 SC288659 d:MotorVehicles 2023-06-30 SC288659 d:MotorVehicles 2022-06-30 SC288659 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC288659 d:FurnitureFittings 2022-07-01 2023-06-30 SC288659 d:FurnitureFittings 2023-06-30 SC288659 d:FurnitureFittings 2022-06-30 SC288659 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC288659 d:OfficeEquipment 2022-07-01 2023-06-30 SC288659 d:OfficeEquipment 2023-06-30 SC288659 d:OfficeEquipment 2022-06-30 SC288659 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC288659 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC288659 d:Goodwill 2022-07-01 2023-06-30 SC288659 d:Goodwill 2023-06-30 SC288659 d:Goodwill 2022-06-30 SC288659 d:CurrentFinancialInstruments 2023-06-30 SC288659 d:CurrentFinancialInstruments 2022-06-30 SC288659 d:Non-currentFinancialInstruments 2023-06-30 SC288659 d:Non-currentFinancialInstruments 2022-06-30 SC288659 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC288659 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC288659 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC288659 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 SC288659 d:ShareCapital 2023-06-30 SC288659 d:ShareCapital 2022-06-30 SC288659 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC288659 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC288659 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC288659 c:OrdinaryShareClass1 2023-06-30 SC288659 c:OrdinaryShareClass1 2022-06-30 SC288659 c:FRS102 2022-07-01 2023-06-30 SC288659 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC288659 c:FullAccounts 2022-07-01 2023-06-30 SC288659 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC288659 6 2022-07-01 2023-06-30 SC288659 d:Goodwill d:OwnedIntangibleAssets 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC288659










WEST PORT PRINT & DESIGN LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
WEST PORT PRINT & DESIGN LIMITED
 

COMPANY INFORMATION


Directors
Mrs C Simpson 
Mr S Simpson 




Registered number
SC288659



Registered office
14a Argyle Street

St Andrews

Fife

KY16 9BP




Accountants
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WEST PORT PRINT & DESIGN LIMITED
REGISTERED NUMBER: SC288659

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Intangible assets
 4 
23,700
31,600

Tangible assets
 5 
39,908
46,492

Investments
 6 
299,329
299,329

  
362,937
377,421

Current assets
  

Stocks
  
4,820
4,820

Debtors: amounts falling due within one year
 7 
139,286
163,153

Bank and cash balances
  
57,459
39,908

  
201,565
207,881

Creditors: amounts falling due within one year
 8 
(81,085)
(91,755)

Net current assets
  
 
 
120,480
 
 
116,126

Total assets less current liabilities
  
483,417
493,547

Creditors: amounts falling due after more than one year
 9 
(20,999)
(32,955)

Provisions for liabilities
  

Deferred tax
  
(6,777)
(7,883)

  
 
 
(6,777)
 
 
(7,883)

Net assets
  
455,641
452,709


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
  
454,641
451,709

  
455,641
452,709


Page 1

 
WEST PORT PRINT & DESIGN LIMITED
REGISTERED NUMBER: SC288659

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 by: 




Mr S Simpson
Mrs C Simpson
Director
Director


Date: 24 October 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

West Port Print & Design Limited is a company limited by shares and incorporated in Scotland; registration number SC288659. The address of the registered office is 14a Arygle Street, St Andrews, Fife, KY16 9BP.
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

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.

 
2.4

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 the Statement of income and retained earnings 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.

Page 3

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

Page 4

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10% & 25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
50% 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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 5

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2022
158,000



At 30 June 2023

158,000



Amortisation


At 1 July 2022
126,400


Charge for the year on owned assets
7,900



At 30 June 2023

134,300



Net book value



At 30 June 2023
23,700



At 30 June 2022
31,600



Page 6

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
240,343
11,711
10,111
55,588
317,753


Additions
-
-
-
4,387
4,387


Disposals
(20,787)
-
(39)
(3,083)
(23,909)



At 30 June 2023

219,556
11,711
10,072
56,892
298,231



Depreciation


At 1 July 2022
207,846
6,222
9,206
47,987
271,261


Charge for the year on owned assets
3,935
1,372
256
5,072
10,635


Disposals
(20,451)
-
(39)
(3,083)
(23,573)



At 30 June 2023

191,330
7,594
9,423
49,976
258,323



Net book value



At 30 June 2023
28,226
4,117
649
6,916
39,908



At 30 June 2022
32,497
5,489
905
7,601
46,492


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
299,329



At 30 June 2023
299,329




Page 7

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Debtors

2023
2022
£
£


Trade debtors
51,814
71,742

Amounts owed by group undertakings
25,636
-

Other debtors
60,564
89,499

Prepayments and accrued income
1,272
1,912

139,286
163,153



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
30,372
35,203

Other taxation and social security
23,273
29,280

Obligations under finance lease and hire purchase contracts
2,462
2,313

Other creditors
927
894

Accruals and deferred income
14,051
14,065

81,085
91,755


The hire purchase liability is secured against the relevant assets.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,930
29,424

Net obligations under finance leases and hire purchase contracts
1,069
3,531

20,999
32,955


The hire purchase liability is secured against the relevant assets.

Page 8

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



11.


Controlling party

From 5 December 2019 the company's ultimate parent company was Kilrymont Limited, a company incorporated in Scotland.


Page 9