Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false2022-07-014true4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC127217 2022-07-01 2023-06-30 SC127217 2021-07-01 2022-06-30 SC127217 2023-06-30 SC127217 2022-06-30 SC127217 c:Director3 2022-07-01 2023-06-30 SC127217 d:CurrentFinancialInstruments 2023-06-30 SC127217 d:CurrentFinancialInstruments 2022-06-30 SC127217 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC127217 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 SC127217 d:ShareCapital 2023-06-30 SC127217 d:ShareCapital 2022-06-30 SC127217 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC127217 d:RetainedEarningsAccumulatedLosses 2022-06-30 SC127217 c:OrdinaryShareClass1 2022-07-01 2023-06-30 SC127217 c:OrdinaryShareClass1 2023-06-30 SC127217 c:OrdinaryShareClass1 2022-06-30 SC127217 c:FRS102 2022-07-01 2023-06-30 SC127217 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 SC127217 c:FullAccounts 2022-07-01 2023-06-30 SC127217 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC127217 2 2022-07-01 2023-06-30 SC127217 6 2022-07-01 2023-06-30 SC127217 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC127217









LUGG & GOULD LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
LUGG & GOULD LIMITED
REGISTERED NUMBER: SC127217

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
508,400
515,603

Current assets
  

Cash at bank
  
30,466
44,597

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(1,239)
(1,125)

Net current assets
  
 
 
29,227
 
 
43,472

Total assets less current liabilities
  
537,627
559,075

  

Net assets
  
537,627
559,075


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
537,527
558,975

  
537,627
559,075


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: 





Mr J D MacGregor
Director

Date: 6 March 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
LUGG & GOULD LIMITED
 

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

1.


General information

Lugg & Gould Limited is a private Company limited by shares, incorporated in England and Wales, United Kingdom. The address of the registered office is Buchan House, Carnegie Campus, Enterprise Way, Dunfermline, Fife, KY11 8PL. The Company is not part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Investment income

For investments recognised under the cost model, dividends and other distributions have been recognised as income.

 
2.4

Interest income

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

Page 2

 
LUGG & GOULD 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 balance sheet 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 balance sheet date.

 
2.6

Valuation of investments

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

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
LUGG & GOULD LIMITED
 

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

2.Accounting policies (continued)

 
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 Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
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 4 (2022 - 4).

Page 4

 
LUGG & GOULD LIMITED
 

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

4.


Fixed asset investments





Listed investments

£



Valuation


At 1 July 2022
515,603


Additions
167,886


Disposals
(190,914)


Revaluations
15,825



At 30 June 2023
508,400





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
39
26

Accruals
1,200
1,099

1,239
1,125



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares shares of £1.00 each
100
100



Page 5