Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31No description of principal activity2022-11-01falsefalse1915trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC347745 2022-11-01 2023-10-31 SC347745 2021-11-01 2022-10-31 SC347745 2023-10-31 SC347745 2022-10-31 SC347745 c:CompanySecretary1 2022-11-01 2023-10-31 SC347745 c:Director1 2022-11-01 2023-10-31 SC347745 c:Director2 2022-11-01 2023-10-31 SC347745 c:RegisteredOffice 2022-11-01 2023-10-31 SC347745 d:Buildings 2022-11-01 2023-10-31 SC347745 d:Buildings 2023-10-31 SC347745 d:Buildings 2022-10-31 SC347745 d:Buildings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC347745 d:PlantMachinery 2022-11-01 2023-10-31 SC347745 d:PlantMachinery 2023-10-31 SC347745 d:PlantMachinery 2022-10-31 SC347745 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC347745 d:MotorVehicles 2022-11-01 2023-10-31 SC347745 d:MotorVehicles 2023-10-31 SC347745 d:MotorVehicles 2022-10-31 SC347745 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC347745 d:OfficeEquipment 2022-11-01 2023-10-31 SC347745 d:OfficeEquipment 2023-10-31 SC347745 d:OfficeEquipment 2022-10-31 SC347745 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC347745 d:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 SC347745 d:OtherPropertyPlantEquipment 2023-10-31 SC347745 d:OtherPropertyPlantEquipment 2022-10-31 SC347745 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC347745 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC347745 d:Goodwill 2022-11-01 2023-10-31 SC347745 d:Goodwill 2023-10-31 SC347745 d:Goodwill 2022-10-31 SC347745 d:FreeholdInvestmentProperty 2023-10-31 SC347745 d:FreeholdInvestmentProperty 2022-10-31 SC347745 d:CurrentFinancialInstruments 2023-10-31 SC347745 d:CurrentFinancialInstruments 2022-10-31 SC347745 d:Non-currentFinancialInstruments 2023-10-31 SC347745 d:Non-currentFinancialInstruments 2022-10-31 SC347745 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC347745 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 SC347745 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC347745 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 SC347745 d:ShareCapital 2023-10-31 SC347745 d:ShareCapital 2022-10-31 SC347745 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC347745 d:RetainedEarningsAccumulatedLosses 2022-10-31 SC347745 c:FRS102 2022-11-01 2023-10-31 SC347745 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC347745 c:FullAccounts 2022-11-01 2023-10-31 SC347745 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC347745 d:Goodwill d:OwnedIntangibleAssets 2022-11-01 2023-10-31 SC347745 4 2023-10-31 SC347745 4 2022-10-31 iso4217:GBP xbrli:pure
Registered number: SC347745










G G D LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

 
G G D LIMITED
 

COMPANY INFORMATION


Directors
Dr G Gordon 
Mrs C Gordon 




Company secretary
Mrs C Gordon



Registered number
SC347745



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
G G D LIMITED
REGISTERED NUMBER: SC347745

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
187,860
304,170

Tangible assets
 5 
494,871
465,788

Investments
 6 
16,000
16,000

Investment property
 7 
168,077
168,077

  
866,808
954,035

CURRENT ASSETS
  

Stocks
  
200,000
200,000

Debtors: amounts falling due within one year
 8 
887,982
1,355,440

Cash at bank and in hand
  
458,919
146,863

  
1,546,901
1,702,303

Creditors: amounts falling due within one year
 9 
(901,618)
(395,912)

NET CURRENT ASSETS
  
 
 
645,283
 
 
1,306,391

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,512,091
2,260,426

Creditors: amounts falling due after more than one year
 10 
(300,274)
(359,864)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(84,275)
(75,937)

  
 
 
(84,275)
 
 
(75,937)

NET ASSETS
  
1,127,542
1,824,625


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
1,127,442
1,824,525

  
1,127,542
1,824,625


Page 1

 
G G D LIMITED
REGISTERED NUMBER: SC347745

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 26 June 2024.




Dr G Gordon
Director

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

Page 2

 
G G D LIMITED
 

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

1.


GENERAL INFORMATION

G G D Limited is a private company, limited by shares, domiciled in Scotland with a registration number SC347745. The registered office is 14 City Quay, Dundee, DD1 3JA. The principal place of business is 4 Cookston Road, Portlethen, AB12 4PT.
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 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 revenue 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 revenue is recognised:

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 revenue 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

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

During the prior year the business was in receipt of the following revenue grants in relation to the COVID-19 pandemic:
Coronavirus Job Retention Scheme (CJRS) which is recognised when receivable.

Page 3

 
G G D LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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

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

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 4

 
G G D LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

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, as follows,.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Plant & machinery
-
20%
Reducing balance
Office equipment
-
33%
Straight line
Tenants Improvements
-
10%
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.

 
2.8

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.

 
2.9

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.

 
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.

Page 5

 
G G D LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.11

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 19 (2022 - 15).


4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 November 2022
1,163,100



At 31 October 2023

1,163,100



AMORTISATION


At 1 November 2022
858,930


Charge for the year on owned assets
116,310



At 31 October 2023

975,240



NET BOOK VALUE



At 31 October 2023
187,860



At 31 October 2022
304,170



Page 6

 


 
G G D LIMITED


 

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


5.


TANGIBLE FIXED ASSETS






Freehold property
Plant & machinery
Motor vehicles
Office equipment
Tenants Improvements
Total

£
£
£
£
£
£



COST OR VALUATION


At 1 November 2022
50,000
689,191
77,468
49,042
115,938
981,639


Additions
-
21,189
-
19,534
105,994
146,717


Disposals
-
(1,406)
-
-
-
(1,406)



At 31 October 2023

50,000
708,974
77,468
68,576
221,932
1,126,950



DEPRECIATION


At 1 November 2022
5,000
402,883
37,763
48,281
21,924
515,851


Charge for the year on owned assets
1,000
81,473
9,927
6,872
17,237
116,509


Disposals
-
(281)
-
-
-
(281)



At 31 October 2023

6,000
484,075
47,690
55,153
39,161
632,079



NET BOOK VALUE



At 31 October 2023
44,000
224,899
29,778
13,423
182,771
494,871



At 31 October 2022
45,000
286,308
39,705
761
94,014
465,788

Page 7

 
G G D LIMITED
 

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

6.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 November 2022
16,000






NET BOOK VALUE



At 31 October 2023
16,000



At 31 October 2022
16,000



7.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 November 2022
168,077



AT 31 OCTOBER 2023
168,077

The 2023 valuations were made by the directors , on an open market value for existing use basis.





8.


DEBTORS

2023
2022
£
£


Trade debtors
-
30,602

Amounts owed by group undertakings
640,194
639,801

Other debtors
52,623
456,979

Prepayments and accrued income
40,943
73,836

Tax recoverable
154,222
154,222

887,982
1,355,440


Page 8

 
G G D LIMITED
 

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

9.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
188,324
70,000

Trade creditors
136,250
155,142

Other taxation and social security
127,537
101,999

Obligations under finance lease and hire purchase contracts
24,012
10,209

Other creditors
327,536
40,549

Accruals and deferred income
97,959
18,013

901,618
395,912


Bank loans are secured by a bond and a floating charge over the assets of the company.
Hire purchase liabilities are secured over the assets to which they relate.


10.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
231,423
254,043

Net obligations under finance leases and hire purchase contracts
68,851
105,821

300,274
359,864


Bank loans are secured by a bond and floating charge over the assets of the company. 
Hire purchase liabilities are secured over the assets to which they relate.


Page 9