Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-311No description of principal activity2true2023-01-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC138173 2022-12-31 SC138173 2023-01-01 2023-12-31 SC138173 2022-01-01 2022-12-31 SC138173 2023-12-31 SC138173 c:CompanySecretary1 2023-01-01 2023-12-31 SC138173 c:Director1 2023-01-01 2023-12-31 SC138173 c:RegisteredOffice 2023-01-01 2023-12-31 SC138173 d:CurrentFinancialInstruments 2023-12-31 SC138173 d:CurrentFinancialInstruments 2022-12-31 SC138173 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC138173 c:OrdinaryShareClass1 2023-12-31 SC138173 c:OrdinaryShareClass1 2022-12-31 SC138173 c:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 SC138173 c:FRS102 2023-01-01 2023-12-31 SC138173 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC138173 c:FullAccounts 2023-01-01 2023-12-31 SC138173 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC138173










WINDBAY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
WINDBAY LIMITED
 

COMPANY INFORMATION


Director
G Smith 




Company secretary
C Smith



Registered number
SC138173



Registered office
12 South Dewar Street

Dunfermline

Fife

KY12 8AR




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WINDBAY LIMITED
REGISTERED NUMBER:SC138173

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

  

Fixed assets
  

Current assets
  

Stocks
  
-
425

Debtors: amounts falling due within one year
 4 
85
-

Cash at bank and in hand
  
50
415

  
135
840

Creditors: amounts falling due within one year
 5 
(33)
(1,965)

Net current assets/(liabilities)
  
 
 
102
 
 
(1,125)

Total assets less current liabilities
  
102
(1,125)

  

  

  

Net assets excluding pension asset
  
102
(1,125)

Net assets/(liabilities)
  
102
(1,125)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
2
(1,225)

  
102
(1,125)


Page 1

 
WINDBAY LIMITED
REGISTERED NUMBER:SC138173

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

The director considers 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 director acknowledges his 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: 




G Smith
Director

Date: 8 March 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

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

1.


General information

Windbay Limited is a company, limited by shares and incorporated in Scotland, registration number SC138173. The registered office address is 12 South Dewar Street, Dunfermline, Fife, KY12 8AR.
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 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.

Page 3

 
WINDBAY LIMITED
 

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

2.Accounting policies (continued)

 
2.3

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 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.

 
2.4

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.

 
2.5

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.

Page 4

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

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
85
-


Included within other debtors due within one year is a loan due from the director, amounting to £85 (2022 - £0)




5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
33
407

Other creditors
-
598

Accruals and deferred income
-
960

33
1,965



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



Page 5