Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-10-192No description of principal activityfalsefalse SC747746 2022-10-19 2023-10-31 SC747746 2021-10-19 2022-10-18 SC747746 2023-10-31 SC747746 2022-10-18 SC747746 c:Director1 2022-10-19 2023-10-31 SC747746 c:Director7 2022-10-19 2023-10-31 SC747746 d:CurrentFinancialInstruments 2023-10-31 SC747746 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC747746 d:ShareCapital 2022-10-19 2023-10-31 SC747746 d:ShareCapital 2023-10-31 SC747746 d:ShareCapital 2022-10-18 SC747746 d:RetainedEarningsAccumulatedLosses 2022-10-19 2023-10-31 SC747746 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC747746 d:RetainedEarningsAccumulatedLosses 2022-10-18 SC747746 c:FRS102 2022-10-19 2023-10-31 SC747746 c:AuditExempt-NoAccountantsReport 2022-10-19 2023-10-31 SC747746 c:FullAccounts 2022-10-19 2023-10-31 SC747746 c:PrivateLimitedCompanyLtd 2022-10-19 2023-10-31 SC747746 e:PoundSterling 2022-10-19 2023-10-31 iso4217:GBP xbrli:pure
Registered number: SC747746














EASY PEASY PRIZES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 OCTOBER 2023

 
EASY PEASY PRIZES LIMITED
REGISTERED NUMBER:SC747746

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023

Fixed assets

Intangible assets
19,252

19,252

Current assets

Stocks
61,906

Cash at bank and in hand
3,803

65,709

Creditors: amounts falling due within one year
(408,355)

Net current (liabilities)/assets
 
 
(342,646)

Total assets less current liabilities
(323,394)


Net (liabilities)/assets
(323,394)


Capital and reserves

Called up share capital 
167

Profit and loss account
(323,561)

(323,394)


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 23 September 2024.




___________________________
J G Fleming
___________________________
A Fleming
Director
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
EASY PEASY PRIZES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2023


Called up share capital
Profit and loss account
Total equity

At 19 October 2022
167
-
167


Comprehensive income for the period

Loss for the period

-
(323,561)
(323,561)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(323,561)
(323,561)


Total transactions with owners
-
-
-


At 31 October 2023
167
(323,561)
(323,394)

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
EASY PEASY PRIZES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Easy Peasy Prizes Limited is a company limited by shares and incorporated in Scotland. The registration number is SC747746. The registered office for the company is Clyde Offices 2nd Floor, 48 West George Street, Glasglow, Scotland, G2 1BP.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

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.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

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.

Page 3

 
EASY PEASY PRIZES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.


3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


        2023
            No.






Employees
2


4.


Stocks

2023

Finished goods and goods for resale
61,906



5.


Cash and cash equivalents

2023

Cash at bank and in hand
3,803

Less: bank overdrafts
(1,901)

1,902


Page 4

 
EASY PEASY PRIZES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023

Bank overdrafts
1,901

Trade creditors
16,408

Other taxation and social security
7,731

Other creditors
379,585

Accruals and deferred income
2,730

408,355



Page 5