Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-0112falseNo description of principal activity8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC559400 2022-04-01 2023-03-31 SC559400 2021-04-01 2022-03-31 SC559400 2023-03-31 SC559400 2022-03-31 SC559400 c:Director1 2022-04-01 2023-03-31 SC559400 c:Director2 2022-04-01 2023-03-31 SC559400 c:RegisteredOffice 2022-04-01 2023-03-31 SC559400 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 SC559400 d:Buildings d:LongLeaseholdAssets 2023-03-31 SC559400 d:Buildings d:LongLeaseholdAssets 2022-03-31 SC559400 d:PlantMachinery 2022-04-01 2023-03-31 SC559400 d:PlantMachinery 2023-03-31 SC559400 d:PlantMachinery 2022-03-31 SC559400 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC559400 d:MotorVehicles 2022-04-01 2023-03-31 SC559400 d:MotorVehicles 2023-03-31 SC559400 d:MotorVehicles 2022-03-31 SC559400 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC559400 d:FurnitureFittings 2022-04-01 2023-03-31 SC559400 d:FurnitureFittings 2023-03-31 SC559400 d:FurnitureFittings 2022-03-31 SC559400 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC559400 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC559400 d:Goodwill 2022-04-01 2023-03-31 SC559400 d:Goodwill 2023-03-31 SC559400 d:Goodwill 2022-03-31 SC559400 d:CurrentFinancialInstruments 2023-03-31 SC559400 d:CurrentFinancialInstruments 2022-03-31 SC559400 d:Non-currentFinancialInstruments 2023-03-31 SC559400 d:Non-currentFinancialInstruments 2022-03-31 SC559400 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC559400 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC559400 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC559400 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC559400 d:ShareCapital 2023-03-31 SC559400 d:ShareCapital 2022-03-31 SC559400 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC559400 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC559400 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC559400 c:OrdinaryShareClass1 2023-03-31 SC559400 c:OrdinaryShareClass1 2022-03-31 SC559400 c:FRS102 2022-04-01 2023-03-31 SC559400 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC559400 c:FullAccounts 2022-04-01 2023-03-31 SC559400 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC559400 4 2022-04-01 2023-03-31 SC559400 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC559400










ROCCA CONTINENTAL DELI LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
ROCCA CONTINENTAL DELI LIMITED
 

COMPANY INFORMATION


Directors
Mr B Lawrence 
Mrs G McLaren 




Registered number
SC559400



Registered office
33 Bell Street

St Andrews

Fife

KY16 9UR




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
ROCCA CONTINENTAL DELI LIMITED
REGISTERED NUMBER: SC559400

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 5 
46,845
54,361

Investments
 6 
60
-

  
46,905
54,361

Current assets
  

Stocks
  
10,000
10,000

Debtors: amounts falling due within one year
 7 
22,739
10,658

Cash at bank and in hand
  
-
29,740

  
32,739
50,398

Creditors: amounts falling due within one year
 8 
(65,877)
(95,764)

Net current liabilities
  
 
 
(33,138)
 
 
(45,366)

Total assets less current liabilities
  
13,767
8,995

Creditors: amounts falling due after more than one year
 9 
(32,579)
(43,776)

Provisions for liabilities
  

Deferred tax
  
(4,822)
(4,304)

  
 
 
(4,822)
 
 
(4,304)

Net liabilities
  
(23,634)
(39,085)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(23,734)
(39,185)

  
(23,634)
(39,085)


Page 1

 
ROCCA CONTINENTAL DELI LIMITED
REGISTERED NUMBER: SC559400

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 9 October 2023.




Mr B Lawrence
Director

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

Page 2

 
ROCCA CONTINENTAL DELI LIMITED
 

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

1.


General information

Rocca Continental Deli Limited is a private company, limited by shares and incorporated in Scotland with the registration number SC559400. The registered office is 33 Bell Street, St Andrews, Fife, KY16 9UR.

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

These accounts have been prepared on the going concern basis, on the understanding that the directors will continue to provide financial support to the company.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.

Page 3

 
ROCCA CONTINENTAL DELI LIMITED
 

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

2.Accounting policies (continued)

 
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 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.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

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

 
ROCCA CONTINENTAL DELI LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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 the following basis.


Tenant improvements
-
7.5% straight line
Plant and machinery
-
25% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
7.5% 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.

 
2.10

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

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.

Page 5

 
ROCCA CONTINENTAL DELI LIMITED
 

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

2.Accounting policies (continued)

 
2.13

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 12 (2022 - 8).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
4,000



At 31 March 2023

4,000



Amortisation


At 1 April 2022
4,000



At 31 March 2023

4,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
ROCCA CONTINENTAL DELI LIMITED
 

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

5.


Tangible fixed assets





Tenant's improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
47,085
26,708
6,500
22,071
102,364


Additions
-
2,159
-
-
2,159


Disposals
-
-
(2,200)
-
(2,200)



At 31 March 2023

47,085
28,867
4,300
22,071
102,323



Depreciation


At 1 April 2022
13,822
23,409
1,625
9,147
48,003


Charge for the year on owned assets
3,531
2,032
806
1,656
8,025


Disposals
-
-
(550)
-
(550)



At 31 March 2023

17,353
25,441
1,881
10,803
55,478



Net book value



At 31 March 2023
29,732
3,426
2,419
11,268
46,845



At 31 March 2022
33,263
3,299
4,875
12,924
54,361


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
60



At 31 March 2023
60




Page 7

 
ROCCA CONTINENTAL DELI LIMITED
 

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

7.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
12,086
-

Other debtors
6,695
7,241

Prepayments and accrued income
3,958
3,417

22,739
10,658



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
1,172
-

Trade creditors
12,876
9,761

Accruals and deferred income
2,100
2,100

Other taxation and social security
9,199
9,955

Other creditors
24,530
47,712

Other loans
6,000
16,236

Bank loans
10,000
10,000

65,877
95,764


The bank loan is secured by way of a floating charge over all assets of the company.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
21,779
31,776

Other loans
10,800
12,000

32,579
43,776


The bank loan is secured by way of a floating charge over all assets of the company.


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 8