Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truetruefalse2023-04-01No description of principal activity98The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC333956 2023-04-01 2024-03-31 SC333956 2022-04-01 2023-03-31 SC333956 2024-03-31 SC333956 2023-03-31 SC333956 c:Director2 2023-04-01 2024-03-31 SC333956 c:RegisteredOffice 2023-04-01 2024-03-31 SC333956 d:Buildings 2023-04-01 2024-03-31 SC333956 d:Buildings 2024-03-31 SC333956 d:Buildings 2023-03-31 SC333956 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC333956 d:FurnitureFittings 2023-04-01 2024-03-31 SC333956 d:FurnitureFittings 2024-03-31 SC333956 d:FurnitureFittings 2023-03-31 SC333956 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC333956 d:ComputerEquipment 2023-04-01 2024-03-31 SC333956 d:ComputerEquipment 2024-03-31 SC333956 d:ComputerEquipment 2023-03-31 SC333956 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC333956 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 SC333956 d:OtherPropertyPlantEquipment 2024-03-31 SC333956 d:OtherPropertyPlantEquipment 2023-03-31 SC333956 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC333956 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC333956 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 SC333956 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 SC333956 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 SC333956 d:Goodwill 2023-04-01 2024-03-31 SC333956 d:Goodwill 2024-03-31 SC333956 d:Goodwill 2023-03-31 SC333956 d:CurrentFinancialInstruments 2024-03-31 SC333956 d:CurrentFinancialInstruments 2023-03-31 SC333956 d:Non-currentFinancialInstruments 2024-03-31 SC333956 d:Non-currentFinancialInstruments 2023-03-31 SC333956 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC333956 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC333956 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC333956 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC333956 d:ShareCapital 2024-03-31 SC333956 d:ShareCapital 2023-03-31 SC333956 d:CapitalRedemptionReserve 2024-03-31 SC333956 d:CapitalRedemptionReserve 2023-03-31 SC333956 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC333956 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC333956 c:OrdinaryShareClass3 2023-04-01 2024-03-31 SC333956 c:OrdinaryShareClass3 2024-03-31 SC333956 c:OrdinaryShareClass3 2023-03-31 SC333956 c:FRS102 2023-04-01 2024-03-31 SC333956 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC333956 c:FullAccounts 2023-04-01 2024-03-31 SC333956 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC333956 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 SC333956 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-04-01 2024-03-31 SC333956 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC333956










WALKER THE JEWELLER LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
WALKER THE JEWELLER LIMITED
 

COMPANY INFORMATION


DIRECTOR
Ms M Vannet 




Registered number
SC333956



Registered office
36-38 Union Street

Dundee

DD1 4BE




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
WALKER THE JEWELLER LIMITED
REGISTERED NUMBER: SC333956

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Intangible fixed assets
  
8,000
12,000

Tangible fixed assets
  
442,801
491,840

  
450,801
503,840

Current assets
  

Stocks
  
1,317,817
1,497,126

Debtors: amounts falling due within one year
 6 
39,164
50,857

Bank & cash balances
  
924,201
362,623

  
2,281,182
1,910,606

Creditors: amounts falling due within one year
 7 
(641,679)
(660,270)

Net current assets
  
 
 
1,639,503
 
 
1,250,336

Total assets less current liabilities
  
2,090,304
1,754,176

Creditors: amounts falling due after more than one year
 8 
(366,707)
(491,313)

Provisions for liabilities
  

Deferred tax
  
(54,149)
(38,272)

  
 
 
(54,149)
 
 
(38,272)

Net assets
  
1,669,448
1,224,591


Capital and reserves
  

Called up share capital 
 9 
40
40

Capital redemption reserve
  
60
60

Profit and loss account
  
1,669,348
1,224,491

  
1,669,448
1,224,591


Page 1

 
WALKER THE JEWELLER LIMITED
REGISTERED NUMBER: SC333956

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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 28 August 2024.




Ms M Vannet
Director

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

Page 2

 
WALKER THE JEWELLER LIMITED
 

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

1.


General information

Walker the Jeweller Limited is a private company, limited by shares, domiciled in Scotland with registration number SC333956. The registered office is 36-38 Union Street, Dundee, DD1 4BE.

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

Revenue 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. Revenue 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue 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.

Page 3

 
WALKER THE JEWELLER LIMITED
 

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

2.Accounting policies (continued)

 
2.3

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.
 
2.4

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.

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.

 The estimated useful lives range as follows:

Website
-
5
years
Goodwill
-
6
years

Page 4

 
WALKER THE JEWELLER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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, and is provided on the following basis.


Freehold property
-
2.00% straight line
Fixtures & fittings
-
25.00% reducing balance
Computer equipment
-
20.00 - 33.33% straight line
Other fixed assets
-
10.00% 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.

 
2.6

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 9 (2023 - 8).

Page 5

 
WALKER THE JEWELLER LIMITED
 

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

4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 April 2023
20,000
375,870
395,870



At 31 March 2024

20,000
375,870
395,870



Amortisation


At 1 April 2023
8,000
375,870
383,870


Charge for the year on owned assets
4,000
-
4,000



At 31 March 2024

12,000
375,870
387,870



Net book value



At 31 March 2024
8,000
-
8,000



At 31 March 2023
12,000
-
12,000



Page 6

 
WALKER THE JEWELLER LIMITED
 

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

5.


Tangible fixed assets





Freehold property
Fixtures & fittings
Computer equipment
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
435,865
401,409
23,027
-
860,301


Additions
-
14,471
790
16,024
31,285


Disposals
-
(106,660)
-
-
(106,660)


Transfers between classes
(108,593)
108,593
-
-
-



At 31 March 2024

327,272
417,813
23,817
16,024
784,926



Depreciation


At 1 April 2023
96,691
252,550
19,220
-
368,461


Charge for the year on owned assets
6,546
66,292
1,295
1,602
75,735


Disposals
-
(102,071)
-
-
(102,071)


Transfers between classes
(2,172)
2,172
-
-
-



At 31 March 2024

101,065
218,943
20,515
1,602
342,125



Net book value



At 31 March 2024
226,207
198,870
3,302
14,422
442,801



At 31 March 2023
339,174
148,859
3,807
-
491,840


6.


Debtors

2024
2023
£
£


Trade debtors
5,827
16,848

Other debtors
24,497
26,024

Prepayments and accrued income
8,840
7,985

39,164
50,857


Page 7

 
WALKER THE JEWELLER LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
125,000
125,000

Trade creditors
214,184
267,389

Other taxation and social security
165,496
166,330

Other creditors
60,394
98,731

Accruals and deferred income
76,605
2,820

641,679
660,270


Standard security is provided over the property owned by the company and its associated assets; a bond and floating charge are provided over all company assets and undertakings, and personal guarantee of £40,000 made by Ms Vannet, director of the company, are provided in respect of bank overdrafts and bank loans.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
366,707
491,313

366,707
491,313


Standard security is provided over the property owned by the company and its associated assets; a bond and floating charge are provided over all company assets and undertakings, and personal guarantee of £40,000 made by Ms Vannet, director of the company, are provided in respect of bank overdrafts and bank loans.

Page 8

 
WALKER THE JEWELLER LIMITED
 

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

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



40 (2023 - 40) Ordinary shares of £1.00 each
40
40





Page 9