Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312No description of principal activity2023-01-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC584351 2023-01-01 2023-12-31 SC584351 2022-01-01 2022-12-31 SC584351 2023-12-31 SC584351 2022-12-31 SC584351 c:Director1 2023-01-01 2023-12-31 SC584351 c:Director2 2023-01-01 2023-12-31 SC584351 c:RegisteredOffice 2023-01-01 2023-12-31 SC584351 d:Buildings 2023-01-01 2023-12-31 SC584351 d:Buildings 2023-12-31 SC584351 d:Buildings 2022-12-31 SC584351 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC584351 d:MotorVehicles 2023-01-01 2023-12-31 SC584351 d:MotorVehicles 2023-12-31 SC584351 d:MotorVehicles 2022-12-31 SC584351 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC584351 d:FurnitureFittings 2023-01-01 2023-12-31 SC584351 d:FurnitureFittings 2023-12-31 SC584351 d:FurnitureFittings 2022-12-31 SC584351 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC584351 d:ComputerEquipment 2023-01-01 2023-12-31 SC584351 d:ComputerEquipment 2023-12-31 SC584351 d:ComputerEquipment 2022-12-31 SC584351 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC584351 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC584351 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 SC584351 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 SC584351 d:CurrentFinancialInstruments 2023-12-31 SC584351 d:CurrentFinancialInstruments 2022-12-31 SC584351 d:Non-currentFinancialInstruments 2023-12-31 SC584351 d:Non-currentFinancialInstruments 2022-12-31 SC584351 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC584351 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC584351 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 SC584351 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC584351 d:ShareCapital 2023-12-31 SC584351 d:ShareCapital 2022-12-31 SC584351 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC584351 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC584351 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC584351 c:OrdinaryShareClass1 2023-12-31 SC584351 c:OrdinaryShareClass1 2022-12-31 SC584351 c:FRS102 2023-01-01 2023-12-31 SC584351 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC584351 c:FullAccounts 2023-01-01 2023-12-31 SC584351 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC584351 6 2023-01-01 2023-12-31 SC584351 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC584351










KAIN RAMSAY LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
KAIN RAMSAY LTD.
 

COMPANY INFORMATION


Directors
Mr K Ramsay 
Mrs K A Ramsay 




Registered number
SC584351



Registered office
Office 10 Dunnock House
63 Dunnock Road

Dunfermline

Fife

KY11 8QE




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
KAIN RAMSAY LTD.
REGISTERED NUMBER: SC584351

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Intangible assets
 4 
170
170

Tangible assets
 5 
228,709
325,591

  
228,879
325,761

Current assets
  

Debtors: amounts falling due within one year
 6 
13,411
2,738

Cash at bank and in hand
  
26,813
37,104

  
40,224
39,842

Creditors: amounts falling due within one year
 7 
(58,790)
(51,543)

Net current liabilities
  
 
 
(18,566)
 
 
(11,701)

Total assets less current liabilities
  
210,313
314,060

Creditors: amounts falling due after more than one year
 8 
(55,568)
(62,140)

  

Net assets
  
154,745
251,920


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
154,743
251,918

  
154,745
251,920


Page 1

 
KAIN RAMSAY LTD.
REGISTERED NUMBER: SC584351

STATEMENT OF FINANCIAL POSITION (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 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 by: 




Mrs K A Ramsay
Director

Date: 23 September 2024

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

Page 2

 
KAIN RAMSAY LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Kain Ramsay Ltd. is a private company, limited by shares, incorporated in Scotland with registration number SC584351. The registered office is Office 10 Dunnock House, 63 Dunnock Road, Dunfermline, Fife, United Kingdom, KY11 8QE.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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.

Page 3

 
KAIN RAMSAY LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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 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.

 
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.

Page 4

 
KAIN RAMSAY LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Property improvements
-
20% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
20% straight line
Computer equipment
-
15% 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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
KAIN RAMSAY LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Trademarks

£



Cost


At 1 January 2023
170



At 31 December 2023

170






Net book value



At 31 December 2023
170



At 31 December 2022
170




5.


Tangible fixed assets





Property imp'ments
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
142,353
48,529
274,427
42,132
507,441



At 31 December 2023

142,353
48,529
274,427
42,132
507,441



Depreciation


At 1 January 2023
39,827
7,077
113,906
21,040
181,850


Charge for the year on owned assets
28,470
10,363
54,885
3,164
96,882



At 31 December 2023

68,297
17,440
168,791
24,204
278,732



Net book value



At 31 December 2023
74,056
31,089
105,636
17,928
228,709



At 31 December 2022
102,526
41,452
160,521
21,092
325,591

Page 6

 
KAIN RAMSAY LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
73
-

Amounts owed by group undertakings
7,849
1,659

Other debtors
4,849
439

Prepayments and accrued income
640
640

13,411
2,738



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
14,932
8,528

Other taxation and social security
13,085
19,147

Obligations under finance lease and hire purchase contracts
5,291
5,291

Other creditors
11,590
4,696

Accruals and deferred income
3,892
3,881

58,790
51,543


Hire purchase liabilities are secured against the relevant asset.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,447
25,728

Net obligations under finance leases and hire purchase contracts
31,121
36,412

55,568
62,140


Hire purchase liabilities are secured against the relevant asset.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


Page 7

 
KAIN RAMSAY LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Controlling party

From 9 February 2024, following a group reorganisation, the ultimate parent copany became Kairen Holdings Limited, a company incorporated in Scotland. 


Page 8