Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30trueNo description of principal activity2023-05-01false33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC241029 2023-05-01 2024-04-30 SC241029 2022-05-01 2023-04-30 SC241029 2024-04-30 SC241029 2023-04-30 SC241029 c:Director1 2023-05-01 2024-04-30 SC241029 c:Director2 2023-05-01 2024-04-30 SC241029 c:RegisteredOffice 2023-05-01 2024-04-30 SC241029 d:MotorVehicles 2023-05-01 2024-04-30 SC241029 d:FurnitureFittings 2023-05-01 2024-04-30 SC241029 d:FurnitureFittings 2024-04-30 SC241029 d:FurnitureFittings 2023-04-30 SC241029 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC241029 d:Goodwill 2023-05-01 2024-04-30 SC241029 d:Goodwill 2024-04-30 SC241029 d:Goodwill 2023-04-30 SC241029 d:CurrentFinancialInstruments 2024-04-30 SC241029 d:CurrentFinancialInstruments 2023-04-30 SC241029 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC241029 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC241029 d:ShareCapital 2024-04-30 SC241029 d:ShareCapital 2023-04-30 SC241029 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC241029 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC241029 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC241029 c:OrdinaryShareClass1 2024-04-30 SC241029 c:FRS102 2023-05-01 2024-04-30 SC241029 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC241029 c:FullAccounts 2023-05-01 2024-04-30 SC241029 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC241029 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC241029










FORTH FINANCIAL SERVICES (FIFE) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
FORTH FINANCIAL SERVICES (FIFE) LIMITED
 

COMPANY INFORMATION


Directors
Ms L Innes 
Mr W Yuill 




Registered number
SC241029



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
FORTH FINANCIAL SERVICES (FIFE) LIMITED
REGISTERED NUMBER: SC241029

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 5 
195
490

  
195
490

Current assets
  

Debtors: amounts falling due within one year
 6 
52,759
51,876

Cash at bank and in hand
  
31,891
45,368

  
84,650
97,244

Creditors: amounts falling due within one year
 7 
(5,071)
(15,134)

Net current assets
  
 
 
79,579
 
 
82,110

Total assets less current liabilities
  
79,774
82,600

  

Net assets
  
79,774
82,600


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
79,674
82,500

  
79,774
82,600


Page 1

 
FORTH FINANCIAL SERVICES (FIFE) LIMITED
REGISTERED NUMBER: SC241029

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 25 July 2024.




Mr W Yuill
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FORTH FINANCIAL SERVICES (FIFE) LIMITED
 

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

1.


General information

Forth Financial Services (Fife) Limited is a private company, limited by shares, domiciled in Scotland with registration number SC241029.  The registered office is 14 City Quay Dundee, DD1 3JA.  The trading address is 10 New Law House, Saltire Centre, Glenrothes, Fife, KY6 2DA.

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

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.

 Amortisation is provided on the following bases:

Goodwill
-
14%
straight-line

Page 3

 
FORTH FINANCIAL SERVICES (FIFE) LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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:

Motor Vehicles
-
25%
straight-line
Fixtures & Fittings
-
20%
reducing balance

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.

 
2.5

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.

 
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.

 
2.7

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 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
FORTH FINANCIAL SERVICES (FIFE) LIMITED
 

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

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
1,010,232



At 30 April 2024

1,010,232



Amortisation


At 1 May 2023
1,010,232



At 30 April 2024

1,010,232



Net book value



At 30 April 2024
-



At 30 April 2023
-




5.


Tangible fixed assets





Fixtures & Fittings

£



Cost or valuation


At 1 May 2023
3,302


Disposals
(2,163)



At 30 April 2024

1,139



Depreciation


At 1 May 2023
2,812


Charge for the year on owned assets
48


Disposals
(1,916)



At 30 April 2024

944



Net book value



At 30 April 2024
195



At 30 April 2023
490

Page 5

 
FORTH FINANCIAL SERVICES (FIFE) LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
51,347
51,031

Prepayments and accrued income
1,412
845

52,759
51,876



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
289
10,382

Accruals and deferred income
4,782
4,752

5,071
15,134



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



Page 6