Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse172023-04-01falseNo description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14521153 2023-04-01 2023-12-31 14521153 2022-12-02 2023-03-31 14521153 2023-12-31 14521153 2023-03-31 14521153 c:Director1 2023-04-01 2023-12-31 14521153 d:FurnitureFittings 2023-04-01 2023-12-31 14521153 d:FurnitureFittings 2023-12-31 14521153 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 14521153 d:OfficeEquipment 2023-04-01 2023-12-31 14521153 d:OfficeEquipment 2023-12-31 14521153 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 14521153 d:OwnedOrFreeholdAssets 2023-04-01 2023-12-31 14521153 d:Goodwill 2023-04-01 2023-12-31 14521153 d:Goodwill 2023-12-31 14521153 d:CurrentFinancialInstruments 2023-12-31 14521153 d:CurrentFinancialInstruments 2023-03-31 14521153 d:Non-currentFinancialInstruments 2023-12-31 14521153 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14521153 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14521153 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14521153 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 14521153 d:ShareCapital 2023-12-31 14521153 d:ShareCapital 2023-03-31 14521153 d:RetainedEarningsAccumulatedLosses 2023-12-31 14521153 d:RetainedEarningsAccumulatedLosses 2023-03-31 14521153 c:OrdinaryShareClass1 2023-04-01 2023-12-31 14521153 c:OrdinaryShareClass1 2023-12-31 14521153 c:OrdinaryShareClass1 2023-03-31 14521153 c:OrdinaryShareClass2 2023-04-01 2023-12-31 14521153 c:OrdinaryShareClass2 2023-12-31 14521153 c:OrdinaryShareClass2 2023-03-31 14521153 c:OrdinaryShareClass3 2023-04-01 2023-12-31 14521153 c:OrdinaryShareClass3 2023-12-31 14521153 c:OrdinaryShareClass3 2023-03-31 14521153 c:FRS102 2023-04-01 2023-12-31 14521153 c:AuditExempt-NoAccountantsReport 2023-04-01 2023-12-31 14521153 c:FullAccounts 2023-04-01 2023-12-31 14521153 c:PrivateLimitedCompanyLtd 2023-04-01 2023-12-31 14521153 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-04-01 2023-12-31 14521153 2 2023-04-01 2023-12-31 14521153 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2023-12-31 14521153 e:PoundSterling 2023-04-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14521153










GOUGH THOMAS & SCOTT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
GOUGH THOMAS & SCOTT LIMITED
REGISTERED NUMBER: 14521153

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
31 March
2023
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,729,750
-

Tangible assets
 5 
10,831
-

  
1,740,581
-

Current assets
  

Stock and work in progress
  
117,200
-

Debtors: amounts falling due within one year
 6 
184,747
-

Cash at bank and in hand
 7 
261,045
100

  
562,992
100

Creditors: amounts falling due within one year
 8 
(390,493)
-

Net current assets
  
 
 
172,499
 
 
100

Total assets less current liabilities
  
1,913,080
100

Creditors: amounts falling due after more than one year
 9 
(1,912,924)
-

  

Net assets
  
156
100


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
56
-

  
156
100


Page 1

 
GOUGH THOMAS & SCOTT LIMITED
REGISTERED NUMBER: 14521153
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 period 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 profit and loss account 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: 




K D Law
Director

Date: 10 September 2024

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

Page 2

 
GOUGH THOMAS & SCOTT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Gough Thomas & Scott Limited, 14521153, is a private limited company, limited by shares, incorporated in England and Wales with its registered office and principal place of business at 8 Willow Street, Ellesmere, Shropshire, United Kingdom, SY12 0AQ.

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

Revenue

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:

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.

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
GOUGH THOMAS & SCOTT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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 Balance sheet. 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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other 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.

Page 4

 
GOUGH THOMAS & SCOTT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
3%
straight line basis
Office equipment
-
25%
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.

 
2.10

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 balance sheet 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.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
GOUGH THOMAS & SCOTT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 17 (2023 - 0).


4.


Intangible assets




Goodwill

£



Cost


Additions
1,870,000



At 31 December 2023

1,870,000



Amortisation


Charge for the period on owned assets
140,250



At 31 December 2023

140,250



Net book value



At 31 December 2023
1,729,750



Page 6

 
GOUGH THOMAS & SCOTT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Tangible fixed assets







Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


Additions
8,619
6,780
15,399



At 31 December 2023

8,619
6,780
15,399



Depreciation


Charge for the period on owned assets
2,873
1,695
4,568



At 31 December 2023

2,873
1,695
4,568



Net book value



At 31 December 2023
5,746
5,085
10,831


6.


Debtors

31 December
2023
£


Trade debtors
111,309

Prepayments and accrued income
73,438

184,747



7.


Cash and cash equivalents

31 December
2023
£

Cash at bank and in hand
261,045

261,045


Page 7

 
GOUGH THOMAS & SCOTT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

31 December
2023
£

Trade creditors
3,734

Other taxation and social security
135,442

Other creditors
236,517

Accruals and deferred income
14,800

390,493



9.


Creditors: Amounts falling due after more than one year

31 December
2023
£

Other creditors
1,912,924

1,912,924



10.


Share capital

31 December
31 March
2023
2023
£
£
Allotted, called up and fully paid



43 (2023 - 43) Ordinary 'A' shares shares of £1.00 each
43
43
30 (2023 - 30) Ordinary 'B' shares shares of £1.00 each
30
30
27 (2023 - 27) Ordinary 'B' shares shares of £1.00 each
27
27

100

100


 
Page 8