Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC041790 2022-04-01 2023-03-31 SC041790 2021-04-01 2022-03-31 SC041790 2023-03-31 SC041790 2022-03-31 SC041790 c:Director1 2022-04-01 2023-03-31 SC041790 c:Director2 2022-04-01 2023-03-31 SC041790 c:RegisteredOffice 2022-04-01 2023-03-31 SC041790 d:Buildings 2022-04-01 2023-03-31 SC041790 d:Buildings 2023-03-31 SC041790 d:Buildings 2022-03-31 SC041790 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC041790 d:PlantMachinery 2022-04-01 2023-03-31 SC041790 d:PlantMachinery 2023-03-31 SC041790 d:PlantMachinery 2022-03-31 SC041790 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC041790 d:MotorVehicles 2022-04-01 2023-03-31 SC041790 d:MotorVehicles 2023-03-31 SC041790 d:MotorVehicles 2022-03-31 SC041790 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC041790 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC041790 d:CurrentFinancialInstruments 2023-03-31 SC041790 d:CurrentFinancialInstruments 2022-03-31 SC041790 d:Non-currentFinancialInstruments 2023-03-31 SC041790 d:Non-currentFinancialInstruments 2022-03-31 SC041790 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC041790 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC041790 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC041790 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC041790 d:ShareCapital 2023-03-31 SC041790 d:ShareCapital 2022-03-31 SC041790 d:SharePremium 2023-03-31 SC041790 d:SharePremium 2022-03-31 SC041790 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC041790 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC041790 c:FRS102 2022-04-01 2023-03-31 SC041790 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC041790 c:FullAccounts 2022-04-01 2023-03-31 SC041790 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: SC041790










ABBOTSHALL EVANTON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
ABBOTSHALL EVANTON LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr R R L Munro Ferguson 
Mrs E S Munro Ferguson 




REGISTERED NUMBER
SC041790



REGISTERED OFFICE
Novar Estates Office
Novar Estate

Evanton

Ross-Shire

IV16 9XL




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
ABBOTSHALL EVANTON LIMITED
REGISTERED NUMBER: SC041790

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 4 
291,254
271,578

Investments
 5 
1
1

  
291,255
271,579

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
2,871,171
2,695,638

Cash at bank and in hand
  
84,363
266,532

  
2,955,534
2,962,170

Creditors: amounts falling due within one year
 7 
(526,948)
(642,218)

NET CURRENT ASSETS
  
 
 
2,428,586
 
 
2,319,952

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,719,841
2,591,531

Creditors: amounts falling due after more than one year
 8 
-
(241,462)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(19,381)
(8,498)

  
 
 
(19,381)
 
 
(8,498)

NET ASSETS
  
2,700,460
2,341,571


CAPITAL AND RESERVES
  

Called up share capital 
  
210,000
210,000

Share premium account
  
469,567
469,567

Profit and loss account
  
2,020,893
1,662,004

  
2,700,460
2,341,571


Page 1

 
ABBOTSHALL EVANTON LIMITED
REGISTERED NUMBER: SC041790

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 R R L Munro Ferguson
Director

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

Page 2

 
ABBOTSHALL EVANTON LIMITED
 

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

1.


GENERAL INFORMATION

Abbotshall Evanton Limited is a private company, limited by shares, incorporated in Scotland with registration number SC041790.  The registered office is Novar Estates Office, Evanton, Ross-Shire, IV14 9XL.
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:

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.

Page 3

 
ABBOTSHALL EVANTON 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

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
-
12.5% reducing balance
Motor vehicles
-
25% 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

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,
Page 4

 
ABBOTSHALL EVANTON LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.5
FINANCIAL INSTRUMENTS (CONTINUED)

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 3 (2022 -3).


4.


TANGIBLE FIXED ASSETS





Heritable property
Plant and machinery
Motor vehicles
Total

£
£
£
£



COST OR VALUATION


At 1 April 2022
213,730
138,445
52,820
404,995


Additions
-
8,000
32,626
40,626


Disposals
-
-
(20,820)
(20,820)



At 31 March 2023

213,730
146,445
64,626
424,801



DEPRECIATION


At 1 April 2022
-
100,439
32,978
133,417


Charge for the year on owned assets
-
5,748
12,423
18,171


Disposals
-
-
(18,041)
(18,041)



At 31 March 2023

-
106,187
27,360
133,547



NET BOOK VALUE



At 31 March 2023
213,730
40,258
37,266
291,254



At 31 March 2022
213,730
38,006
19,842
271,578


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 April 2022
1




Page 5

 
ABBOTSHALL EVANTON LIMITED
 

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

6.


DEBTORS

2023
2022
£
£


Trade debtors
18,489
26,921

Other debtors
2,820,967
2,662,489

Prepayments and accrued income
31,715
6,228

2,871,171
2,695,638



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
-
98,000

Other loans
408,713
432,795

Trade creditors
28,301
39,939

Other taxation and social security
2,308
-

Other creditors
83,626
68,501

Accruals and deferred income
4,000
2,983

526,948
642,218



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
-
241,462

-
241,462


Page 6