Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30332023-05-0137falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC201497 2023-05-01 2024-04-30 SC201497 2022-05-01 2023-04-30 SC201497 2024-04-30 SC201497 2023-04-30 SC201497 c:CompanySecretary1 2023-05-01 2024-04-30 SC201497 c:Director1 2023-05-01 2024-04-30 SC201497 c:Director2 2023-05-01 2024-04-30 SC201497 c:Director3 2023-05-01 2024-04-30 SC201497 c:Director4 2023-05-01 2024-04-30 SC201497 c:RegisteredOffice 2023-05-01 2024-04-30 SC201497 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 SC201497 d:Buildings d:LongLeaseholdAssets 2024-04-30 SC201497 d:Buildings d:LongLeaseholdAssets 2023-04-30 SC201497 d:FurnitureFittings 2023-05-01 2024-04-30 SC201497 d:FurnitureFittings 2024-04-30 SC201497 d:FurnitureFittings 2023-04-30 SC201497 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC201497 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC201497 d:PatentsTrademarksLicencesConcessionsSimilar 2023-05-01 2024-04-30 SC201497 d:ComputerSoftware 2024-04-30 SC201497 d:ComputerSoftware 2023-04-30 SC201497 d:CurrentFinancialInstruments 2024-04-30 SC201497 d:CurrentFinancialInstruments 2023-04-30 SC201497 d:Non-currentFinancialInstruments 2024-04-30 SC201497 d:Non-currentFinancialInstruments 2023-04-30 SC201497 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC201497 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC201497 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC201497 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC201497 d:ShareCapital 2024-04-30 SC201497 d:ShareCapital 2023-04-30 SC201497 d:CapitalRedemptionReserve 2024-04-30 SC201497 d:CapitalRedemptionReserve 2023-04-30 SC201497 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC201497 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC201497 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC201497 c:OrdinaryShareClass1 2024-04-30 SC201497 c:OrdinaryShareClass1 2023-04-30 SC201497 c:OrdinaryShareClass2 2023-05-01 2024-04-30 SC201497 c:OrdinaryShareClass2 2024-04-30 SC201497 c:OrdinaryShareClass2 2023-04-30 SC201497 c:FRS102 2023-05-01 2024-04-30 SC201497 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC201497 c:FullAccounts 2023-05-01 2024-04-30 SC201497 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC201497 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 SC201497 d:ComputerSoftware d:OwnedIntangibleAssets 2023-05-01 2024-04-30 SC201497 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC201497










ECOM SCOTLAND LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
ECOM SCOTLAND LIMITED
 

COMPANY INFORMATION


Directors
L Steedman 
W Edie 
D Birrell 
D Clark 




Company secretary
W Edie



Registered number
SC201497



Registered office
18b Dickson Street

Dunfermline

Fife

KY12 7SL




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ECOM SCOTLAND LIMITED
REGISTERED NUMBER: SC201497

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
1,303,855
1,208,614

Tangible assets
 5 
3,735
5,397

  
1,307,590
1,214,011

Current assets
  

Debtors: amounts falling due after more than one year
 6 
28,361
31,666

Debtors: amounts falling due within one year
 6 
496,113
624,301

Cash at bank and in hand
  
21,436
1,159

  
545,910
657,126

Creditors: amounts falling due within one year
 7 
(438,389)
(473,828)

Net current assets
  
 
 
107,521
 
 
183,298

Total assets less current liabilities
  
1,415,111
1,397,309

Creditors: amounts falling due after more than one year
 8 
(54,211)
(99,242)

  

Net assets
  
1,360,900
1,298,067


Capital and reserves
  

Called up share capital 
 9 
32,500
32,500

Capital redemption reserve
  
303,845
303,845

Profit and loss account
  
1,024,555
961,722

  
1,360,900
1,298,067


Page 1

 
ECOM SCOTLAND LIMITED
REGISTERED NUMBER: SC201497

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

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: 




L Steedman
W Edie
Director
Director


Date: 2 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ECOM SCOTLAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Ecom Scotland Limited is limited by shares and incorporated in Scotland. The address of the registered office is 18b Dickson Street, Dunfermline, Fife, KY12 7SL.

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

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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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'.

Page 3

 
ECOM SCOTLAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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:

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.

 
2.4

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.

 
2.5

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.

 
2.6

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 4

 
ECOM SCOTLAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

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 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.

 
2.8

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.

 Amortisation is provided on the following bases:

Software
-
20%
reducing balance

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20% straight line
Fixtures and fittings
-
25% 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.

 
2.10

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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

 
ECOM SCOTLAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

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 33 (2023 - 37).


4.


Intangible assets




Computer software

£



Cost


At 1 May 2023
3,336,025


Additions
421,205



At 30 April 2024

3,757,230



Amortisation


At 1 May 2023
2,127,411


Charge for the year on owned assets
325,964



At 30 April 2024

2,453,375



Net book value



At 30 April 2024
1,303,855



At 30 April 2023
1,208,614



Page 6

 
ECOM SCOTLAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Leasehold property improvement
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2023
18,673
239,786
258,459


Additions
-
1,759
1,759



At 30 April 2024

18,673
241,545
260,218



Depreciation


At 1 May 2023
18,673
234,389
253,062


Charge for the year on owned assets
-
3,421
3,421



At 30 April 2024

18,673
237,810
256,483



Net book value



At 30 April 2024
-
3,735
3,735



At 30 April 2023
-
5,397
5,397


6.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
28,361
31,666


2024
2023
£
£

Due within one year

Trade debtors
198,191
198,605

Other debtors
76,784
111,704

Prepayments and accrued income
135,771
228,625

Deferred taxation
85,367
85,367

496,113
624,301


Page 7

 
ECOM SCOTLAND LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
25,654

Bank loans
45,031
52,567

Trade creditors
80,855
29,880

Other taxation and social security
96,863
146,473

Other creditors
170,875
169,413

Accruals and deferred income
44,765
49,841

438,389
473,828


Security
Bank borrowings are secured by a floating charge over all the property and undertaking of the Company.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
54,211
99,242


Security
Bank borrowings are secured by a floating charge over all the property and undertaking of the Company.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



129,999 (2023 - 129,999) A Ordinary shares of £0.10 each
13,000
13,000
195,000 (2023 - 195,000) B Ordinary shares of £0.10 each
19,500
19,500

32,500

32,500





Page 8