Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC301806 2022-04-01 2023-03-31 SC301806 2021-04-01 2022-03-31 SC301806 2023-03-31 SC301806 2022-03-31 SC301806 c:CompanySecretary1 2022-04-01 2023-03-31 SC301806 c:Director1 2022-04-01 2023-03-31 SC301806 c:Director2 2022-04-01 2023-03-31 SC301806 c:RegisteredOffice 2022-04-01 2023-03-31 SC301806 d:PlantMachinery 2022-04-01 2023-03-31 SC301806 d:PlantMachinery 2023-03-31 SC301806 d:PlantMachinery 2022-03-31 SC301806 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC301806 d:CurrentFinancialInstruments 2023-03-31 SC301806 d:CurrentFinancialInstruments 2022-03-31 SC301806 d:Non-currentFinancialInstruments 2023-03-31 SC301806 d:Non-currentFinancialInstruments 2022-03-31 SC301806 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC301806 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC301806 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC301806 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC301806 d:ShareCapital 2023-03-31 SC301806 d:ShareCapital 2022-03-31 SC301806 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC301806 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC301806 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC301806 c:OrdinaryShareClass1 2023-03-31 SC301806 c:OrdinaryShareClass1 2022-03-31 SC301806 c:OrdinaryShareClass2 2022-04-01 2023-03-31 SC301806 c:OrdinaryShareClass2 2023-03-31 SC301806 c:OrdinaryShareClass2 2022-03-31 SC301806 c:FRS102 2022-04-01 2023-03-31 SC301806 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC301806 c:FullAccounts 2022-04-01 2023-03-31 SC301806 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC301806 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC301806










BARRON FINDOWRIE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
BARRON FINDOWRIE LIMITED
 

COMPANY INFORMATION


Directors
Mr Steven Barron 
Mrs Christy Barron 




Company secretary
Mrs Christy Barron



Registered number
SC301806



Registered office
Findowrie

Brechin

Angus

DD9 6RH




Accountants
EQ Accountants LLP

Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BARRON FINDOWRIE LIMITED
REGISTERED NUMBER: SC301806

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
1,081,724
1,029,442

  
1,081,724
1,029,442

Current assets
  

Stocks
  
145,665
145,548

Debtors: amounts falling due within one year
 5 
411,943
358,069

Cash at bank and in hand
  
217,305
52,381

  
774,913
555,998

Creditors: amounts falling due within one year
 6 
(238,019)
(242,195)

Net current assets
  
 
 
536,894
 
 
313,803

Total assets less current liabilities
  
1,618,618
1,343,245

Creditors: amounts falling due after more than one year
 7 
(89,344)
(55,519)

Provisions for liabilities
  

Deferred tax
  
(261,328)
(177,703)

  
 
 
(261,328)
 
 
(177,703)

Net assets
  
1,267,946
1,110,023


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
1,267,846
1,109,923

  
1,267,946
1,110,023


Page 1

 
BARRON FINDOWRIE LIMITED
REGISTERED NUMBER: SC301806

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 6 November 2023.




Mr Steven Barron
Director

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

Page 2

 
BARRON FINDOWRIE LIMITED
 

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

1.


General information

The company is limited by shares and incorporated in Scotland. The address of the registered office is Findowrie, Brechin, Angus, DD9 6RH.

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.

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

Page 3

 
BARRON FINDOWRIE LIMITED
 

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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed below..

Depreciation is provided on the following basis:

Plant and Machinery
-
12.5% 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.

 
2.5

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.

 
2.6

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.

 
2.7

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 year was 5 (2022 - 5).

Page 4

 
BARRON FINDOWRIE LIMITED
 

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

4.


Tangible fixed assets





Plant and Machinery

£



Cost or valuation


At 1 April 2022
1,673,199


Additions
263,259


Disposals
(103,855)



At 31 March 2023

1,832,603



Depreciation


At 1 April 2022
643,757


Charge for the year on owned assets
154,540


Disposals
(47,418)



At 31 March 2023

750,879



Net book value



At 31 March 2023
1,081,724



At 31 March 2022
1,029,442


5.


Debtors

2023
2022
£
£


Trade debtors
388,999
342,883

Other debtors
20,251
12,493

Prepayments and accrued income
2,693
2,693

411,943
358,069


Page 5

 
BARRON FINDOWRIE 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
50,194
103,741

Other taxation and social security
15,682
17,092

Obligations under finance lease and hire purchase contracts
105,495
74,945

Other creditors
54,396
34,225

Accruals and deferred income
12,252
12,192

238,019
242,195



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
89,344
55,519

89,344
55,519



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



91 (2022 - 91) Ordinary "A" shares of £1.00 each
91
91
9 (2022 - 9) Ordinary "B" shares of £1.00 each
9
9

100

100



Page 6