Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3032022-07-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC623504 2022-07-01 2023-06-30 SC623504 2021-07-01 2022-06-30 SC623504 2023-06-30 SC623504 2022-06-30 SC623504 c:CompanySecretary1 2022-07-01 2023-06-30 SC623504 c:Director1 2022-07-01 2023-06-30 SC623504 c:Director2 2022-07-01 2023-06-30 SC623504 c:Director3 2022-07-01 2023-06-30 SC623504 c:RegisteredOffice 2022-07-01 2023-06-30 SC623504 d:OfficeEquipment 2022-07-01 2023-06-30 SC623504 d:OfficeEquipment 2023-06-30 SC623504 d:OfficeEquipment 2022-06-30 SC623504 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC623504 d:CurrentFinancialInstruments 2023-06-30 SC623504 d:CurrentFinancialInstruments 2022-06-30 SC623504 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC623504 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC623504 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC623504 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC623504 c:FRS102 2022-07-01 2023-06-30 SC623504 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC623504 c:FullAccounts 2022-07-01 2023-06-30 SC623504 c:CompanyLimitedByGuarantee 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: SC623504










AMRSS LIMITED
(A company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
AMRSS LIMITED
 
(A company limited by guarantee)
 

COMPANY INFORMATION


Directors
Andrew Allardyce 
Archibald Brown 
Stuart Gow 




Company secretary
Andrew Allardyce



Registered number
SC623504



Registered office
1 Spynie Place

Elgin

IV30 4JT




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
AMRSS LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: SC623504

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,200
1,372

  
1,200
1,372

CURRENT ASSETS
  

Stocks
  
3,575
12,188

Debtors: amounts falling due within one year
 5 
11,554
1,667

Cash at bank and in hand
  
68,139
81,034

  
83,268
94,889

Creditors: amounts falling due within one year
 6 
(9,824)
(17,160)

NET CURRENT ASSETS
  
 
 
73,444
 
 
77,729

TOTAL ASSETS LESS CURRENT LIABILITIES
  
74,644
79,101

  

NET ASSETS
  
74,644
79,101


CAPITAL AND RESERVES
  

Profit and loss account
  
74,644
79,101

  
74,644
79,101


Page 1

 
AMRSS LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: SC623504

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 on 14 January 2024.




Andrew Allardyce
Director

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

Page 2

 
AMRSS LIMITED

(A company limited by guarantee)
 

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

1.


General information

AMRSS Limited is a private company, limited by guarantee, incorporated in Scotland, with the registration number SC623504.  The registered office is 1 Spynie Place, Elgin, United Kingdom, IV30 4JT.

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

Taxation

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.

Page 3

 
AMRSS LIMITED

(A company limited by guarantee)
 

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

2.Accounting policies (continued)

 
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:

Office equipment
-
13%
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 4

 
AMRSS LIMITED

(A company limited by guarantee)
 

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

4.


Tangible fixed assets





Office equipment

£



COST OR VALUATION


At 1 July 2022
1,716



At 30 June 2023

1,716



DEPRECIATION


At 1 July 2022
344


Charge for the year on owned assets
172



At 30 June 2023

516



NET BOOK VALUE



At 30 June 2023
1,200



At 30 June 2022
1,372


5.


Debtors

2023
2022
£
£


Trade debtors
3,610
-

Other debtors
7,944
1,067

Prepayments and accrued income
-
600

11,554
1,667



6.


Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
824
257

Other creditors
2,250
3,153

Accruals and deferred income
6,750
13,750

9,824
17,160


Page 5

 
AMRSS LIMITED

(A company limited by guarantee)
 

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


7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.


Page 6