Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01false22true SC066714 2023-04-01 2024-03-31 SC066714 2022-04-01 2023-03-31 SC066714 2024-03-31 SC066714 2023-03-31 SC066714 c:Director1 2023-04-01 2024-03-31 SC066714 c:Director4 2023-04-01 2024-03-31 SC066714 c:RegisteredOffice 2023-04-01 2024-03-31 SC066714 d:OfficeEquipment 2023-04-01 2024-03-31 SC066714 d:OfficeEquipment 2024-03-31 SC066714 d:OfficeEquipment 2023-03-31 SC066714 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC066714 d:CurrentFinancialInstruments 2024-03-31 SC066714 d:CurrentFinancialInstruments 2023-03-31 SC066714 d:Non-currentFinancialInstruments 2024-03-31 SC066714 d:Non-currentFinancialInstruments 2023-03-31 SC066714 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC066714 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC066714 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC066714 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC066714 d:ShareCapital 2024-03-31 SC066714 d:ShareCapital 2023-03-31 SC066714 d:CapitalRedemptionReserve 2024-03-31 SC066714 d:CapitalRedemptionReserve 2023-03-31 SC066714 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC066714 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC066714 c:OrdinaryShareClass2 2023-04-01 2024-03-31 SC066714 c:OrdinaryShareClass2 2024-03-31 SC066714 c:OrdinaryShareClass2 2023-03-31 SC066714 c:OrdinaryShareClass3 2023-04-01 2024-03-31 SC066714 c:OrdinaryShareClass3 2024-03-31 SC066714 c:OrdinaryShareClass3 2023-03-31 SC066714 c:OrdinaryShareClass4 2023-04-01 2024-03-31 SC066714 c:OrdinaryShareClass4 2024-03-31 SC066714 c:OrdinaryShareClass4 2023-03-31 SC066714 c:FRS102 2023-04-01 2024-03-31 SC066714 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC066714 c:FullAccounts 2023-04-01 2024-03-31 SC066714 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC066714 d:WithinOneYear 2024-03-31 SC066714 d:WithinOneYear 2023-03-31 SC066714 d:BetweenOneFiveYears 2024-03-31 SC066714 d:BetweenOneFiveYears 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC066714










RICHARD STREET LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
RICHARD STREET LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mrs J T Walker 
Mr J S Shearer 




REGISTERED NUMBER
SC066714



REGISTERED OFFICE
Glenbrook
4 Dollarbeg Park

Dollar

FK14 7LJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
RICHARD STREET LIMITED
REGISTERED NUMBER: SC066714

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
3,387
2,382

  
3,387
2,382

Current assets
  

Stocks
  
248,095
-

Debtors: amounts falling due within one year
 5 
27,910
284,913

Cash at bank and in hand
  
28,059
268,971

  
304,064
553,884

Creditors: amounts falling due within one year
 6 
(164,087)
(352,685)

Net current assets
  
 
 
139,977
 
 
201,199

Total assets less current liabilities
  
143,364
203,581

Creditors: amounts falling due after more than one year
 7 
(11,667)
(21,667)

Provisions for liabilities
  

Deferred tax
  
(29)
-

  
 
 
(29)
 
 
-

Net assets
  
131,668
181,914


Capital and reserves
  

Called up share capital 
 8 
21,000
21,000

Capital redemption reserve
  
6,101
6,101

Profit and loss account
  
104,567
154,813

  
131,668
181,914


Page 1

 
RICHARD STREET LIMITED
REGISTERED NUMBER: SC066714

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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: 




Mrs J T Walker
Mr J S Shearer
Director
Director


Date: 11 July 2024

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

Page 2

 
RICHARD STREET LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is limited by shares and incorporated in Scotland; Registration Number: SC066714. The registered office address is Glenbrook, 4 Dollarbeg Park, Dollar, FK14 7LJ.
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

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. The director has considered a period of 12 months from the date of approval of the financial statements. Thus the director has continued to adopt the going concern basis of accounting in preparing the financial statements. 

 
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

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 3

 
RICHARD STREET LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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 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.

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:

Office 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.

Page 4

 
RICHARD STREET LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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 2 (2023 - 2).

Page 5

 
RICHARD STREET LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
2,921


Additions
1,778



At 31 March 2024

4,699



Depreciation


At 1 April 2023
539


Charge for the year on owned assets
773



At 31 March 2024

1,312



Net book value



At 31 March 2024
3,387



At 31 March 2023
2,382

Page 6

 
RICHARD STREET LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
141,186

Amounts owed by group undertakings
100
100

Other debtors
27,810
88,422

Prepayments and accrued income
-
365

Amounts recoverable on long-term contracts
-
54,438

Deferred taxation
-
402

27,910
284,913



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Payments received on account
19,180
98,055

Trade creditors
39,352
14,388

Amounts owed to group undertakings
16,400
-

Other taxation and social security
12,926
183,564

Other creditors
66,229
46,678

164,087
352,685



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,667
21,667

11,667
21,667


Page 7

 
RICHARD STREET LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



7,000 (2023 - 7,000) Ordinary A shares of £1.00 each
7,000
7,000
7,000 (2023 - 7,000) Ordinary B shares of £1.00 each
7,000
7,000
7,000 (2023 - 7,000) Ordinary C shares of £1.00 each
7,000
7,000

21,000

21,000



9.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments under non-cancellable operating leases as follows:

2024
2023
£
£


Not later than 1 year
8,630
-

Later than 1 year and not later than 5 years
15,102
-

23,732
-


10.


Controlling party

During the period to 31 March 2024, the company became a wholly owned subsidiary of Our Street Limited. 


Page 8