Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-0112falseNo description of principal activity14truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC071173 2023-05-01 2024-04-30 SC071173 2022-05-01 2023-04-30 SC071173 2024-04-30 SC071173 2023-04-30 SC071173 c:CompanySecretary1 2023-05-01 2024-04-30 SC071173 c:Director1 2023-05-01 2024-04-30 SC071173 c:Director2 2023-05-01 2024-04-30 SC071173 c:Director3 2023-05-01 2024-04-30 SC071173 c:RegisteredOffice 2023-05-01 2024-04-30 SC071173 d:Buildings 2023-05-01 2024-04-30 SC071173 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 SC071173 d:Buildings d:LongLeaseholdAssets 2024-04-30 SC071173 d:Buildings d:LongLeaseholdAssets 2023-04-30 SC071173 d:PlantMachinery 2023-05-01 2024-04-30 SC071173 d:PlantMachinery 2024-04-30 SC071173 d:PlantMachinery 2023-04-30 SC071173 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC071173 d:MotorVehicles 2023-05-01 2024-04-30 SC071173 d:MotorVehicles 2024-04-30 SC071173 d:MotorVehicles 2023-04-30 SC071173 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC071173 d:OfficeEquipment 2023-05-01 2024-04-30 SC071173 d:OfficeEquipment 2024-04-30 SC071173 d:OfficeEquipment 2023-04-30 SC071173 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC071173 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC071173 d:CurrentFinancialInstruments 2024-04-30 SC071173 d:CurrentFinancialInstruments 2023-04-30 SC071173 d:Non-currentFinancialInstruments 2024-04-30 SC071173 d:Non-currentFinancialInstruments 2023-04-30 SC071173 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC071173 c:OrdinaryShareClass1 2024-04-30 SC071173 c:OrdinaryShareClass1 2023-04-30 SC071173 c:FRS102 2023-05-01 2024-04-30 SC071173 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC071173 c:FullAccounts 2023-05-01 2024-04-30 SC071173 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC071173 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC071173










T G SIMPSON (NINEWELLS GARAGE) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024





 
T G SIMPSON (NINEWELLS GARAGE) LIMITED
 

COMPANY INFORMATION


Directors
Mr C Simpson 
Mrs A Simpson 
Mr D Simpson 




Company secretary
Mr C Simpson



Registered number
SC071173



Registered office
570 Perth Road

Dundee

DD2 1PZ




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
T G SIMPSON (NINEWELLS GARAGE) LIMITED
REGISTERED NUMBER: SC071173

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
192,850
187,593

  
192,850
187,593

Current assets
  

Stocks
  
7,650
5,040

Debtors: amounts falling due within one year
 5 
57,145
87,092

Cash at bank and in hand
  
47,887
60,693

  
112,682
152,825

Creditors: amounts falling due within one year
 6 
(87,545)
(126,082)

Net current assets
  
 
 
25,137
 
 
26,743

Total assets less current liabilities
  
217,987
214,336

Creditors: amounts falling due after more than one year
 7 
(12,778)
-

Provisions for liabilities
  

Deferred tax
  
(38,038)
(38,039)

  
 
 
(38,038)
 
 
(38,039)

Net assets
  
167,171
176,297


Capital and reserves
  

Called up share capital 
 8 
10,000
10,000

Profit and loss account
  
157,171
166,297

  
167,171
176,297


Page 1

 
T G SIMPSON (NINEWELLS GARAGE) LIMITED
REGISTERED NUMBER: SC071173

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 on 22 August 2024.




Mr C Simpson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
T G SIMPSON (NINEWELLS GARAGE) LIMITED
 

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

1.


General information

T G Simpson (Ninewells Garage) Limited is a private limited company, limited by shares, domiciled in Scotland with the registration number SC071173. The registered office is 570 Perth Road, Dundee, DD2 1PZ.  

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 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.

 
2.3

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

 
T G SIMPSON (NINEWELLS GARAGE) LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

Page 4

 
T G SIMPSON (NINEWELLS GARAGE) LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Tenant's Improvements
-
10%
Plant and Machinery
-
20%
Motor Vehicles
-
25%
Office Equipment
-
15%

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.

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 14).

Page 5

 
T G SIMPSON (NINEWELLS GARAGE) LIMITED
 

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

4.


Tangible fixed assets





Tenant's Improvements
Plant and Machinery
Motor Vehicles
Office Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
166,702
95,792
594,635
16,467
873,596


Additions
6,478
2,112
46,000
-
54,590



At 30 April 2024

173,180
97,904
640,635
16,467
928,186



Depreciation


At 1 May 2023
111,580
71,032
493,217
10,174
686,003


Charge for the year on owned assets
6,160
5,375
36,854
944
49,333



At 30 April 2024

117,740
76,407
530,071
11,118
735,336



Net book value



At 30 April 2024
55,440
21,497
110,564
5,349
192,850



At 30 April 2023
55,122
24,760
101,418
6,293
187,593


5.


Debtors

2024
2023
£
£


Trade debtors
56,002
86,017

Prepayments and accrued income
1,143
1,075

57,145
87,092



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
21,986
20,028

Other taxation and social security
34,367
50,482

Obligations under finance lease and hire purchase contracts
6,667
12,505

Other creditors
4,026
23,520

Accruals and deferred income
20,499
19,547

87,545
126,082


Obilgations under hire purchase contratcs are secured over the assets concerned.

Page 6

 
T G SIMPSON (NINEWELLS GARAGE) LIMITED
 

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

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
12,778
-

12,778
-


Obligations under hire purchase contarcts are secured over the assets concerned.


8.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000


Page 7