Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12022-07-01falseNo description of principal activity1falsetruefalse SC555449 2022-07-01 2023-06-30 SC555449 2021-02-01 2022-06-30 SC555449 2023-06-30 SC555449 2022-06-30 SC555449 c:Director1 2022-07-01 2023-06-30 SC555449 c:RegisteredOffice 2022-07-01 2023-06-30 SC555449 d:PlantMachinery 2022-07-01 2023-06-30 SC555449 d:PlantMachinery 2023-06-30 SC555449 d:PlantMachinery 2022-06-30 SC555449 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 SC555449 d:CurrentFinancialInstruments 2023-06-30 SC555449 d:CurrentFinancialInstruments 2022-06-30 SC555449 d:Non-currentFinancialInstruments 2023-06-30 SC555449 d:Non-currentFinancialInstruments 2022-06-30 SC555449 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC555449 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC555449 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC555449 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 SC555449 d:ShareCapital 2023-06-30 SC555449 d:ShareCapital 2022-06-30 SC555449 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC555449 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC555449 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC555449 c:OrdinaryShareClass1 2023-06-30 SC555449 c:FRS102 2022-07-01 2023-06-30 SC555449 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC555449 c:FullAccounts 2022-07-01 2023-06-30 SC555449 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC555449 2 2022-07-01 2023-06-30 SC555449 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC555449










KEILLOUR COLLECTION LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
KEILLOUR COLLECTION LIMITED
 

COMPANY INFORMATION


Director
Mr T Drake 




Registered number
SC555449



Registered office
Aldie Cottage
Keillour

Methven

Perth

PH1 3RA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
KEILLOUR COLLECTION LIMITED
REGISTERED NUMBER: SC555449

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
93,796
110,348

  
93,796
110,348

Current assets
  

Debtors: amounts falling due within one year
 5 
92,989
121,548

Bank and cash balances
  
9,075
577

  
102,064
122,125

Creditors: amounts falling due within one year
 6 
(23,460)
(23,072)

Net current assets
  
 
 
78,604
 
 
99,053

Total assets less current liabilities
  
172,400
209,401

Creditors: amounts falling due after more than one year
 7 
(26,271)
(30,279)

  

Net assets
  
146,129
179,122


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
146,128
179,121

  
146,129
179,122


Page 1

 
KEILLOUR COLLECTION LIMITED
REGISTERED NUMBER: SC555449

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 profit and loss account 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 5 March 2024.




Mr T Drake
Director

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

Page 2

 
KEILLOUR COLLECTION LIMITED
 

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

1.


General information

Keillour Collection Limited is a private company, limited by shares, domiciled in Scotland with registration number SC555449. The registered office is Aldie Cottage, Keillour, Methven, Scotland, PH1 3RA.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

 
2.3

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.

During the prior year the business was in receipt of a Bounce Back Loan in relation to the COVID-19 pandemic, which is recognised on a monthly basis, based on lender charges incurred in the first twelve months of the loan, covered by the Government.

 
2.4

Interest income

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

Page 3

 
KEILLOUR COLLECTION LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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
-
15%

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.

 
2.7

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.

 
2.8

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 1 (2022 - 1).

Page 4

 
KEILLOUR COLLECTION LIMITED
 

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

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2022
273,552



At 30 June 2023

273,552



Depreciation


At 1 July 2022
163,204


Charge for the year on owned assets
16,552



At 30 June 2023

179,756



Net book value



At 30 June 2023
93,796



At 30 June 2022
110,348


5.


Debtors

2023
2022
£
£


Trade debtors
2,563
9,048

Other debtors
90,426
112,500

92,989
121,548


Page 5

 
KEILLOUR COLLECTION LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,008
3,909

Amounts owed to group undertakings
5,567
2,190

Other taxation and social security
11,013
14,381

Other creditors
352
92

Accruals and deferred income
2,520
2,500

23,460
23,072


Bank loans due within one year relate to a Bounce Back Loan received during 2020, as detailed within the Government Grants accounting policy. There is no security attached to the loan.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
26,271
30,279

26,271
30,279


Bank loans relate to a Bounce Back Loan received during 2020, as detailed within the Government Grants accounting policy. There is no security attached to the loan.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



9.


Government grants

2023
2022
£
£



Bounce Back Loan - State Aid Amount
-
396

-
396


Page 6