Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-03-03falseNo description of principal activity9falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC725096 2022-03-02 SC725096 2022-03-03 2023-05-31 SC725096 2021-03-01 2022-03-02 SC725096 2023-05-31 SC725096 c:Director1 2022-03-03 2023-05-31 SC725096 c:Director1 2023-05-31 SC725096 c:Director2 2022-03-03 2023-05-31 SC725096 c:Director2 2023-05-31 SC725096 c:RegisteredOffice 2022-03-03 2023-05-31 SC725096 d:Buildings 2022-03-03 2023-05-31 SC725096 d:MotorVehicles 2022-03-03 2023-05-31 SC725096 d:MotorVehicles 2023-05-31 SC725096 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-03 2023-05-31 SC725096 d:FurnitureFittings 2022-03-03 2023-05-31 SC725096 d:FurnitureFittings 2023-05-31 SC725096 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-03 2023-05-31 SC725096 d:OwnedOrFreeholdAssets 2022-03-03 2023-05-31 SC725096 d:Goodwill 2022-03-03 2023-05-31 SC725096 d:Goodwill 2023-05-31 SC725096 d:CurrentFinancialInstruments 2023-05-31 SC725096 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC725096 d:ShareCapital 2022-03-03 2023-05-31 SC725096 d:ShareCapital 2023-05-31 SC725096 d:RetainedEarningsAccumulatedLosses 2022-03-03 2023-05-31 SC725096 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC725096 c:OrdinaryShareClass1 2022-03-03 2023-05-31 SC725096 c:OrdinaryShareClass1 2023-05-31 SC725096 c:FRS102 2022-03-03 2023-05-31 SC725096 c:AuditExempt-NoAccountantsReport 2022-03-03 2023-05-31 SC725096 c:FullAccounts 2022-03-03 2023-05-31 SC725096 c:PrivateLimitedCompanyLtd 2022-03-03 2023-05-31 SC725096 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-03-03 2023-05-31 SC725096 d:Goodwill d:OwnedIntangibleAssets 2022-03-03 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC725096










SUBKAS EXPRESS LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

 
SUBKAS EXPRESS LTD
 

COMPANY INFORMATION


Directors
Mrs L Woods (appointed 3 March 2022)
Mr S Woods (appointed 3 March 2022)




Registered number
SC725096



Registered office
28 Castle View

Airth

FK2 8GE




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
SUBKAS EXPRESS LTD
 

CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8


 
SUBKAS EXPRESS LTD
REGISTERED NUMBER: SC725096

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
31,500

Tangible assets
 5 
52,834

  
84,334

Current assets
  

Stocks
  
6,000

Debtors: amounts falling due within one year
 6 
9,658

Cash at bank and in hand
  
17,943

  
33,601

Creditors: amounts falling due within one year
 7 
(114,669)

Net current (liabilities)/assets
  
 
 
(81,068)

Total assets less current liabilities
  
3,266

Provisions for liabilities
  

Deferred tax
  
(3,152)

  
 
 
(3,152)

Net assets
  
114


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
14

  
114


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 1 December 2023.




Page 1

 
SUBKAS EXPRESS LTD
REGISTERED NUMBER: SC725096

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

Mrs L Woods
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
SUBKAS EXPRESS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
52,014
52,014


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
52,014
52,014


Contributions by and distributions to owners

Dividends: Equity capital
-
(52,000)
(52,000)

Shares issued during the period
100
-
100


Total transactions with owners
100
(52,000)
(51,900)


At 31 May 2023
100
14
114

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
SUBKAS EXPRESS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

1.


General information

 Subkas Express Limited is a private company, limited by shares, domiciled in Scotland with registration number SC725096. The registered office is 28 Castle View, Airth, Falkirk, Scotland, FK2 8GE.

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 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

Revenue

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.

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
SUBKAS EXPRESS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period 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.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
SUBKAS EXPRESS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

2.Accounting policies (continued)

 
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:

Tenants improvements
-
10%
Motor vehicles
-
25%
Fixtures and fittings
-
25%

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

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.

 
2.8

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 the directors, during the period was as follows:


        2023
            No.






Employees
9

Page 6

 
SUBKAS EXPRESS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

4.


Intangible assets



Goodwill

£



Cost


Additions
35,000



At 31 May 2023

35,000



Amortisation


Charge for the period on owned assets
3,500



At 31 May 2023

3,500



Net book value



At 31 May 2023
31,500




5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
1,096
69,349
70,445



At 31 May 2023

1,096
69,349
70,445



Depreciation


Charge for the period on owned assets
274
17,337
17,611



At 31 May 2023

274
17,337
17,611



Net book value



At 31 May 2023
822
52,012
52,834

Page 7

 
SUBKAS EXPRESS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023

6.


Debtors

2023
£


Trade debtors
8,360

Other debtors
574

Prepayments and accrued income
724

9,658



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
4,194

Other taxation and social security
2,507

Other creditors
104,968

Accruals and deferred income
3,000

114,669



8.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100





Page 8