Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1414truetrue SC028739 2022-04-01 2023-03-31 SC028739 2021-04-01 2022-03-31 SC028739 2023-03-31 SC028739 2022-03-31 SC028739 c:Director2 2022-04-01 2023-03-31 SC028739 d:Buildings 2022-04-01 2023-03-31 SC028739 d:Buildings 2023-03-31 SC028739 d:Buildings 2022-03-31 SC028739 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC028739 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 SC028739 d:Buildings d:LongLeaseholdAssets 2023-03-31 SC028739 d:Buildings d:LongLeaseholdAssets 2022-03-31 SC028739 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 SC028739 d:Buildings d:ShortLeaseholdAssets 2023-03-31 SC028739 d:Buildings d:ShortLeaseholdAssets 2022-03-31 SC028739 d:PlantMachinery 2022-04-01 2023-03-31 SC028739 d:PlantMachinery 2023-03-31 SC028739 d:PlantMachinery 2022-03-31 SC028739 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC028739 d:MotorVehicles 2022-04-01 2023-03-31 SC028739 d:MotorVehicles 2023-03-31 SC028739 d:MotorVehicles 2022-03-31 SC028739 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC028739 d:OfficeEquipment 2022-04-01 2023-03-31 SC028739 d:OfficeEquipment 2023-03-31 SC028739 d:OfficeEquipment 2022-03-31 SC028739 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC028739 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 SC028739 d:OtherPropertyPlantEquipment 2023-03-31 SC028739 d:OtherPropertyPlantEquipment 2022-03-31 SC028739 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC028739 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SC028739 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 SC028739 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 SC028739 d:FreeholdInvestmentProperty 2022-04-01 2023-03-31 SC028739 d:FreeholdInvestmentProperty 2023-03-31 SC028739 d:FreeholdInvestmentProperty 2022-03-31 SC028739 d:CurrentFinancialInstruments 2023-03-31 SC028739 d:CurrentFinancialInstruments 2022-03-31 SC028739 d:Non-currentFinancialInstruments 2023-03-31 SC028739 d:Non-currentFinancialInstruments 2022-03-31 SC028739 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC028739 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC028739 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC028739 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 SC028739 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 SC028739 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 SC028739 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 SC028739 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 SC028739 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 SC028739 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 SC028739 d:ShareCapital 2023-03-31 SC028739 d:ShareCapital 2022-03-31 SC028739 d:RevaluationReserve 2023-03-31 SC028739 d:RevaluationReserve 2022-03-31 SC028739 d:ForeignCurrencyTranslationReserve 2023-03-31 SC028739 d:ForeignCurrencyTranslationReserve 2022-03-31 SC028739 d:OtherMiscellaneousReserve 2023-03-31 SC028739 d:OtherMiscellaneousReserve 2022-03-31 SC028739 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC028739 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC028739 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-04-01 2023-03-31 SC028739 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-03-31 SC028739 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-03-31 SC028739 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC028739 c:OrdinaryShareClass1 2023-03-31 SC028739 c:OrdinaryShareClass1 2022-03-31 SC028739 c:FRS102 2022-04-01 2023-03-31 SC028739 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SC028739 c:FullAccounts 2022-04-01 2023-03-31 SC028739 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC028739 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company registration number: SC028739







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


THE REINDEER COMPANY LIMITED






































img455e.png                        

 


THE REINDEER COMPANY LIMITED
REGISTERED NUMBER:SC028739



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,366
4,732

Tangible assets
 5 
594,088
579,138

Investment property
 6 
487,611
340,000

  
1,084,065
923,870

Current assets
  

Stocks
  
88,153
96,515

Debtors: amounts falling due within one year
 7 
39,435
28,351

Cash at bank and in hand
 8 
556,057
633,168

  
683,645
758,034

Creditors: amounts falling due within one year
 9 
(191,284)
(218,763)

Net current assets
  
 
 
492,361
 
 
539,271

Total assets less current liabilities
  
1,576,426
1,463,141

Creditors: amounts falling due after more than one year
  
(78,394)
(96,584)

Provisions for liabilities
  

Deferred tax
  
(102,435)
(106,673)

  
 
 
(102,435)
 
 
(106,673)

Net assets
  
1,395,597
1,259,884


Capital and reserves
  

Called up share capital 
 13 
30,728
30,728

Revaluation reserve
  
211,596
211,596

Foreign exchange reserve
  
7,829
7,829

Other reserves
  
151,445
151,445

Profit and loss account
  
993,999
858,286

  
1,395,597
1,259,884


Page 1

 


THE REINDEER COMPANY LIMITED
REGISTERED NUMBER:SC028739


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 by: 




................................................
Elizabeth Smith
Director

Date: 22 December 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 


THE REINDEER COMPANY LIMITED
 


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

1.


General information

 The Reindeer Company Limited is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the company information page.

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

Revenue

Revenue 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. Revenue 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

Revenue 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

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

 


THE REINDEER COMPANY LIMITED
 


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

2.Accounting policies (continued)

 
2.4

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.

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

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.

 
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.

Page 4

 


THE REINDEER COMPANY LIMITED
 


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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Freehold property
-
4%
on cost
Short-term leasehold property
-
10%
on cost
Plant and machinery
-
10%
on cost
Motor vehicles
-
25%
on cost
Office equipment
-
33%
on cost
Improvements to property
-
10%
on cost

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

Investment property

Investment property is carried at fair value determined annually by external valuers 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 profit or loss.

 
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. 


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2022 - 14).

Page 5

 


THE REINDEER COMPANY LIMITED
 


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

4.


Intangible assets




Development expenditure

£



Cost


At 1 April 2022
11,830



At 31 March 2023

11,830



Amortisation


At 1 April 2022
7,098


Charge for the year on owned assets
2,366



At 31 March 2023

9,464



Net book value



At 31 March 2023
2,366



At 31 March 2022
4,732




5.


Tangible fixed assets





Freehold property
Long-term leasehold property
Short-term leasehold property
Plant and machinery
Motor vehicles

£
£
£
£
£



Cost or valuation


At 1 April 2022
48,589
375,000
88,906
317,431
183,704


Additions
-
-
-
38,548
-


Disposals
-
-
-
(8,000)
-



At 31 March 2023

48,589
375,000
88,906
347,979
183,704



Depreciation


At 1 April 2022
39,524
-
67,810
173,113
154,045


Charge for the year on owned assets
1,944
-
5,304
29,971
11,772


Disposals
-
-
-
(600)
-



At 31 March 2023

41,468
-
73,114
202,484
165,817



Net book value
Page 6

 


THE REINDEER COMPANY LIMITED
 


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

           5.Tangible fixed assets (continued)




At 31 March 2023
7,121
375,000
15,792
145,495
17,887



At 31 March 2022
9,065
375,000
21,096
144,318
29,659

Office equipment
Improvements to property
Total

£
£
£



Cost or valuation


At 1 April 2022
-
-
1,013,630


Additions
1,066
32,510
72,124


Disposals
-
-
(8,000)



At 31 March 2023

1,066
32,510
1,077,754



Depreciation


At 1 April 2022
-
-
434,492


Charge for the year on owned assets
130
653
49,774


Disposals
-
-
(600)



At 31 March 2023

130
653
483,666



Net book value



At 31 March 2023
936
31,857
594,088



At 31 March 2022
-
-
579,138

Page 7

 


THE REINDEER COMPANY LIMITED
 


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

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
340,000


Additions at cost
147,611



At 31 March 2023
487,611

The long leasehold property was valued at 5th April 2017 by a professional qualified valuer at an open market value. The directors do not consider there to be a material change in the valuation as at 31st March 2023.



At 31 March 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




7.


Debtors

2023
2022
£
£


Trade debtors
13,914
10,200

Other debtors
25,521
18,151

39,435
28,351



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
556,057
633,168

Less: bank overdrafts
(4,822)
(4,770)

551,235
628,398


Page 8

 


THE REINDEER COMPANY LIMITED
 


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

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
4,822
4,770

Bank loans
10,002
10,000

Trade creditors
15,919
15,688

Corporation tax
33,233
25,879

Other taxation and social security
-
2,517

Obligations under finance lease and hire purchase contracts
11,777
29,444

Other creditors
13,731
28,665

Accruals and deferred income
101,800
101,800

191,284
218,763



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
78,394
96,584

78,394
96,584


Page 9

 


THE REINDEER COMPANY LIMITED
 


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

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
26,667
36,667


26,667
36,667

Amounts falling due 2-5 years

Bank loans
19,289
19,080


19,289
19,080

Amounts falling due after more than 5 years

Bank loans
32,438
40,837

32,438
40,837

88,394
106,584



12.


Deferred tax





Deferred tax

£





At 1 April 2022
106,673


Charged to profit or loss
(4,238)



At 31 March 2023
102,435


13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



30,728 (2022 - 30,728) Ordinary shares of £1.00 each
30,728
30,728


 
Page 10