Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-01-01false1414falsetruefalse SC216279 2023-01-01 2023-12-31 SC216279 2022-01-01 2022-12-31 SC216279 2023-12-31 SC216279 2022-12-31 SC216279 c:Director1 2023-01-01 2023-12-31 SC216279 c:Director2 2023-01-01 2023-12-31 SC216279 c:RegisteredOffice 2023-01-01 2023-12-31 SC216279 d:Buildings 2023-01-01 2023-12-31 SC216279 d:Buildings 2023-12-31 SC216279 d:Buildings 2022-12-31 SC216279 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC216279 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 SC216279 d:Buildings d:LongLeaseholdAssets 2023-12-31 SC216279 d:Buildings d:LongLeaseholdAssets 2022-12-31 SC216279 d:MotorVehicles 2023-01-01 2023-12-31 SC216279 d:MotorVehicles 2023-12-31 SC216279 d:MotorVehicles 2022-12-31 SC216279 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC216279 d:OfficeEquipment 2023-01-01 2023-12-31 SC216279 d:OfficeEquipment 2023-12-31 SC216279 d:OfficeEquipment 2022-12-31 SC216279 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC216279 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 SC216279 d:OtherPropertyPlantEquipment 2023-12-31 SC216279 d:OtherPropertyPlantEquipment 2022-12-31 SC216279 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC216279 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC216279 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 SC216279 d:FreeholdInvestmentProperty 2023-12-31 SC216279 d:FreeholdInvestmentProperty 2022-12-31 SC216279 d:CurrentFinancialInstruments 2023-12-31 SC216279 d:CurrentFinancialInstruments 2022-12-31 SC216279 d:Non-currentFinancialInstruments 2023-12-31 SC216279 d:Non-currentFinancialInstruments 2022-12-31 SC216279 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC216279 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC216279 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 SC216279 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC216279 d:ShareCapital 2023-12-31 SC216279 d:ShareCapital 2022-12-31 SC216279 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC216279 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC216279 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC216279 c:OrdinaryShareClass1 2023-12-31 SC216279 c:OrdinaryShareClass1 2022-12-31 SC216279 c:FRS102 2023-01-01 2023-12-31 SC216279 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC216279 c:FullAccounts 2023-01-01 2023-12-31 SC216279 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC216279 d:WithinOneYear 2023-12-31 SC216279 d:WithinOneYear 2022-12-31 SC216279 d:BetweenOneFiveYears 2023-12-31 SC216279 d:BetweenOneFiveYears 2022-12-31 SC216279 d:MoreThanFiveYears 2023-12-31 SC216279 d:MoreThanFiveYears 2022-12-31 SC216279 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC216279










GUYANA LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
GUYANA LIMITED
 

COMPANY INFORMATION


Directors
Mr R D Figgis 
Ms C M Quinney 




Registered number
SC216279



Registered office
Jamesfield Garden Centre
Newburgh

Cupar

Perthshire

KY14 6EW




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
GUYANA LIMITED
REGISTERED NUMBER:SC216279

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
751,653
668,355

Investment property
 5 
390,863
386,786

  
1,142,516
1,055,141

Current assets
  

Stocks
  
297,700
331,737

Debtors: amounts falling due within one year
 6 
1,490
1,771

Cash at bank and in hand
  
51,152
3,236

  
350,342
336,744

Creditors: amounts falling due within one year
 7 
(230,954)
(238,411)

Net current assets
  
 
 
119,388
 
 
98,333

Total assets less current liabilities
  
1,261,904
1,153,474

Creditors: amounts falling due after more than one year
 8 
(265,241)
(310,485)

Provisions for liabilities
  

Deferred tax
  
(44,935)
(27,164)

  
 
 
(44,935)
 
 
(27,164)

Net assets
  
951,728
815,825


Capital and reserves
  

Called up share capital 
 9 
205,000
205,000

Profit and loss account
  
746,728
610,825

  
951,728
815,825


Page 1

 
GUYANA LIMITED
REGISTERED NUMBER:SC216279

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 15 March 2024.




Mr R D Figgis
Director


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

Page 2

 
GUYANA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1.


General information

The Company is limited by shares and incorporated in Scotland; Registration Number: SC216279. The registered office address is Jamesfield Garden Centre, Newburgh, Cupar, Perthshire, KY14 6EW.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

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 revenue 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 revenue 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 revenue 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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

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

 
GUYANA LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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 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.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Heritable property
-
Not depreciated
Property improvements
-
2%-15% straight line & 10% reducing balance
Motor vehicles
-
10% & 20% straight line
Office equipment
-
33% straight line
Equipment
-
10% straight line & 10% 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.

Page 4

 
GUYANA LIMITED
 

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

2.Accounting policies (continued)

  
2.7

Investment Property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

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.

 
2.9

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.

 
2.10

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 14 (2022 - 14).

Page 5

 
GUYANA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


4.


Tangible fixed assets





Heritable property
Property improve-ments
Motor vehicles
Office equipment
Equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2023
103,823
774,336
50,530
3,719
33,169
965,577


Additions
-
82,269
26,354
1,725
7,723
118,071



At 31 December 2023

103,823
856,605
76,884
5,444
40,892
1,083,648



Depreciation


At 1 January 2023
-
239,139
37,598
3,376
17,109
297,222


Charge for the year on owned assets
-
23,077
8,560
171
2,965
34,773



At 31 December 2023

-
262,216
46,158
3,547
20,074
331,995



Net book value



At 31 December 2023
103,823
594,389
30,726
1,897
20,818
751,653



At 31 December 2022
103,823
535,197
12,932
343
16,060
668,355


5.


Investment property


Investment property

£



Valuation


At 1 January 2023
386,786


Additions at cost
4,077



At 31 December 2023
390,863

The 2023 valuations were made by the directors', on an open market value for existing use basis.






Page 6

 
GUYANA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


6.


Debtors

2023
2022
£
£


Other debtors
-
352

Prepayments and accrued income
1,490
1,419

1,490
1,771



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
23,840

Bank loans
19,297
19,296

Trade creditors
105,784
80,575

Other taxation and social security
60,926
68,879

Other creditors
15,134
15,328

Accruals and deferred income
29,813
30,493

230,954
238,411


Secured loans
Bank loans and overdrafts are secured by a standard security over the property and a floating charge over the assets of the Company. 


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
86,885
106,183

Other creditors
178,356
204,302

265,241
310,485


Secured loans
Bank loans and overdrafts are secured by a standard security over the property and a floating charge over the assets of the Company. 

Page 7

 
GUYANA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



205,000 (2022 - 205,000) Ordinary shares of £1.00 each
205,000
205,000



10.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
32,700
34,325

Later than 1 year and not later than 5 years
96,000
96,000

Later than 5 years
384,000
408,000

512,700
538,325


Page 8