Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-302022-10-01falseNo description of principal activity2628truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC145704 2022-10-01 2023-09-30 SC145704 2021-10-01 2022-09-30 SC145704 2023-09-30 SC145704 2022-09-30 SC145704 c:CompanySecretary1 2022-10-01 2023-09-30 SC145704 c:Director1 2022-10-01 2023-09-30 SC145704 c:Director3 2022-10-01 2023-09-30 SC145704 c:Director4 2022-10-01 2023-09-30 SC145704 c:Director5 2022-10-01 2023-09-30 SC145704 c:RegisteredOffice 2022-10-01 2023-09-30 SC145704 d:Buildings 2022-10-01 2023-09-30 SC145704 d:Buildings 2023-09-30 SC145704 d:Buildings 2022-09-30 SC145704 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 SC145704 d:PlantMachinery 2022-10-01 2023-09-30 SC145704 d:PlantMachinery 2023-09-30 SC145704 d:PlantMachinery 2022-09-30 SC145704 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 SC145704 d:FurnitureFittings 2022-10-01 2023-09-30 SC145704 d:FurnitureFittings 2023-09-30 SC145704 d:FurnitureFittings 2022-09-30 SC145704 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 SC145704 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 SC145704 d:FreeholdInvestmentProperty 2023-09-30 SC145704 d:FreeholdInvestmentProperty 2022-09-30 SC145704 d:CurrentFinancialInstruments 2023-09-30 SC145704 d:CurrentFinancialInstruments 2022-09-30 SC145704 d:Non-currentFinancialInstruments 2023-09-30 SC145704 d:Non-currentFinancialInstruments 2022-09-30 SC145704 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC145704 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 SC145704 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 SC145704 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 SC145704 d:ShareCapital 2023-09-30 SC145704 d:ShareCapital 2022-09-30 SC145704 d:CapitalRedemptionReserve 2023-09-30 SC145704 d:CapitalRedemptionReserve 2022-09-30 SC145704 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC145704 d:RetainedEarningsAccumulatedLosses 2022-09-30 SC145704 c:OrdinaryShareClass1 2022-10-01 2023-09-30 SC145704 c:OrdinaryShareClass1 2023-09-30 SC145704 c:OrdinaryShareClass1 2022-09-30 SC145704 c:FRS102 2022-10-01 2023-09-30 SC145704 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 SC145704 c:FullAccounts 2022-10-01 2023-09-30 SC145704 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC145704 6 2022-10-01 2023-09-30 SC145704 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC145704










THE FORFAR ROOF TRUSS COMPANY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

COMPANY INFORMATION


DIRECTORS
Mr A Hampton 
Mrs C Hampton 
Mr B Hampton 
Mr D Hampton 




COMPANY SECRETARY
Mrs C Hampton



REGISTERED NUMBER
SC145704



REGISTERED OFFICE
Orchard Loan
Orchardbank Industrial Estate

Forfar

Angus

DD8 1TD




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
THE FORFAR ROOF TRUSS COMPANY LTD
REGISTERED NUMBER: SC145704

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
468,279
478,273

Investments
 5 
63,482
55,120

Investment property
 6 
360,000
360,000

  
891,761
893,393

Current assets
  

Stocks
  
254,276
320,040

Debtors: amounts falling due within one year
 7 
398,437
407,981

Cash at bank and in hand
  
624,147
815,643

  
1,276,860
1,543,664

Creditors: amounts falling due within one year
 8 
(590,946)
(846,387)

Net current assets
  
 
 
685,914
 
 
697,277

Total assets less current liabilities
  
1,577,675
1,590,670

Creditors: amounts falling due after more than one year
 9 
(92,078)
(108,670)

Provisions for liabilities
  

Deferred tax
  
(53,607)
(40,320)

  
 
 
(53,607)
 
 
(40,320)

Net assets
  
1,431,990
1,441,680


Capital and reserves
  

Called up share capital 
 10 
9,350
9,350

Capital redemption reserve
  
9,250
9,250

Profit and loss account
  
1,413,390
1,423,080

  
1,431,990
1,441,680


Page 1

 
THE FORFAR ROOF TRUSS COMPANY LTD
REGISTERED NUMBER: SC145704

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 6 March 2024.




Mr A Hampton
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

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

1.


GENERAL INFORMATION

The Forfar Roof Truss Company Ltd is a company limited by shares and is registered in Scotland. The registered office is Orchard Loan, Orchardbank Industrial Estate, Forfar, Angus, DD8 1TD, this is also the principal place of business.

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:

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

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.

Page 3

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
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.

 
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 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.

 
2.6

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 FORFAR ROOF TRUSS COMPANY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 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:

Property
-
4 % straight line
Plant and machinery
-
5 - 20% straight line
Fixtures, fittings and equipment
-
20% straight line

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 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

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

Page 5

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

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 26 (2022 - 28).

Page 6

 


 
THE FORFAR ROOF TRUSS COMPANY LTD


 

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


4.


TANGIBLE FIXED ASSETS






Property
Plant and machinery
Fixtures, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2022
499,923
503,644
113,150
1,116,717


Additions
-
30,533
-
30,533


Disposals
-
(23,860)
(795)
(24,655)



At 30 September 2023

499,923
510,317
112,355
1,122,595



Depreciation


At 1 October 2022
237,002
307,464
93,978
638,444


Charge for the year on owned assets
9,139
24,960
6,428
40,527


Disposals
-
(23,860)
(795)
(24,655)



At 30 September 2023

246,141
308,564
99,611
654,316



Net book value



At 30 September 2023
253,782
201,753
12,744
468,279



At 30 September 2022
262,921
196,180
19,172
478,273

Page 7

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

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

5.


FIXED ASSET INVESTMENTS





Unlisted Investments

£



Cost or valuation


At 1 October 2022
55,120


Additions
8,362



At 30 September 2023
63,482





6.


INVESTMENT PROPERTY


Investment property

£



Valuation


At 1 October 2022
360,000



At 30 September 2023
360,000

The 2023 valuations were made by the director Mr A Hampton , on an open market value for existing use basis.


2023
2022
£
£


Historic cost
388,764
388,764

388,764
388,764

Page 8

 
THE FORFAR ROOF TRUSS COMPANY LTD
 

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

7.


DEBTORS

2023
2022
£
£


Trade debtors
291,099
385,865

Prepayments and accrued income
107,338
22,116

398,437
407,981



8.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Bank loans
18,376
20,668

Trade creditors
232,033
434,985

Other taxation and social security
133,715
177,382

Obligations under finance lease and hire purchase contracts
23,940
-

Other creditors
150,135
91,262

Accruals and deferred income
32,747
122,090

590,946
846,387



9.


CREDITORS: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
92,078
108,670

92,078
108,670



10.


SHARE CAPITAL

2023
2022
£
£
Allotted, called up and fully paid



9,350 (2022 - 9,350) Ordinary shares of £1.00 each
9,350
9,350



Page 9