Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28trueNo description of principal activity2022-03-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC260756 2022-03-01 2023-02-28 SC260756 2021-03-01 2022-02-28 SC260756 2023-02-28 SC260756 2022-02-28 SC260756 c:CompanySecretary1 2022-03-01 2023-02-28 SC260756 c:Director1 2022-03-01 2023-02-28 SC260756 c:RegisteredOffice 2022-03-01 2023-02-28 SC260756 d:PlantMachinery 2022-03-01 2023-02-28 SC260756 d:PlantMachinery 2023-02-28 SC260756 d:PlantMachinery 2022-02-28 SC260756 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 SC260756 d:FurnitureFittings 2022-03-01 2023-02-28 SC260756 d:FurnitureFittings 2023-02-28 SC260756 d:FurnitureFittings 2022-02-28 SC260756 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 SC260756 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 SC260756 d:CurrentFinancialInstruments 2023-02-28 SC260756 d:CurrentFinancialInstruments 2022-02-28 SC260756 d:Non-currentFinancialInstruments 2023-02-28 SC260756 d:Non-currentFinancialInstruments 2022-02-28 SC260756 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 SC260756 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 SC260756 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 SC260756 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 SC260756 d:ShareCapital 2023-02-28 SC260756 d:ShareCapital 2022-02-28 SC260756 d:RetainedEarningsAccumulatedLosses 2023-02-28 SC260756 d:RetainedEarningsAccumulatedLosses 2022-02-28 SC260756 c:OrdinaryShareClass1 2022-03-01 2023-02-28 SC260756 c:OrdinaryShareClass1 2023-02-28 SC260756 c:OrdinaryShareClass1 2022-02-28 SC260756 c:FRS102 2022-03-01 2023-02-28 SC260756 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 SC260756 c:FullAccounts 2022-03-01 2023-02-28 SC260756 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC260756










ON-TRADE CONSULTANTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ON-TRADE CONSULTANTS LIMITED
 

COMPANY INFORMATION


Director
Mr K Mudie 




Company secretary
Mr R Dow



Registered number
SC260756



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
ON-TRADE CONSULTANTS LIMITED
REGISTERED NUMBER: SC260756

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
-
27

  
-
27

Current assets
  

Stocks
  
200
1,200

Debtors due within 1 year
  
32,134
15,423

Bank & cash balances
  
16,380
6,575

  
48,714
23,198

Creditors: amounts falling due within one year
 6 
(43,912)
(38,520)

Net current assets/(liabilities)
  
 
 
4,802
 
 
(15,322)

Total assets less current liabilities
  
4,802
(15,295)

Creditors: amounts falling due after more than one year
 7 
(38,924)
(37,809)

Provisions for liabilities
  

Deferred tax
  
-
(5)

  
 
 
-
 
 
(5)

Net liabilities
  
(34,122)
(53,109)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(34,123)
(53,110)

  
(34,122)
(53,109)


Page 1

 
ON-TRADE CONSULTANTS LIMITED
REGISTERED NUMBER: SC260756

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The Director considers 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 Director acknowledges his 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 29 November 2023.




Mr K Mudie
Director

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

Page 2

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

On-Trade Consultants Limited is a private company, limited by shares, domiciled in Scotland in the United Kingdom, with registration number SC260756. The registered office is 14 City Quay, Dundee, DD1 3JA and the principal operating address is 40 Maryfield Grove, Arbroath Road, Dundee, DD4 7GZ. 

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

As at 28 February 2023 the Statement of Financial Position shows net liabilities. The company can only continue to operate with the support of the director, Mr K Mudie, who has confirmed that he will financially support the company for the foreseeable future. Therefore, the company will continue to adopt the going concern basis for the preparation of the financial statement. 

 
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:

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.

 
2.4

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 profit or loss 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

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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

 
2.7

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.

Page 4

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 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 the following bases:.


Computer equipment
-
33%
straight line
Furniture and fittings
-
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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Computer Equipment
Fixtures & Fittings
Total

£
£
£



Cost or valuation


At 1 March 2022
1,319
880
2,199



At 28 February 2023

1,319
880
2,199



Depreciation


At 1 March 2022
1,314
858
2,172


Charge for the year on owned assets
5
22
27



At 28 February 2023

1,319
880
2,199



Net book value



At 28 February 2023
-
-
-



At 28 February 2022
5
22
27


5.


Debtors

2023
2022
£
£


Other debtors
32,134
15,423

32,134
15,423



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,457
2,700

Trade creditors
20,700
16,020

Other taxation and social security
6,539
9,156

Other creditors
10,412
-

Accruals and deferred income
1,804
10,644

43,912
38,520


Page 6

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
38,924
37,809

38,924
37,809



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) ordinary share of £1
1
1



Page 7