Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity1817truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC271529 2023-04-01 2024-03-31 SC271529 2022-04-01 2023-03-31 SC271529 2024-03-31 SC271529 2023-03-31 SC271529 c:CompanySecretary1 2023-04-01 2024-03-31 SC271529 c:Director1 2023-04-01 2024-03-31 SC271529 c:RegisteredOffice 2023-04-01 2024-03-31 SC271529 d:Buildings 2023-04-01 2024-03-31 SC271529 d:Buildings 2024-03-31 SC271529 d:Buildings 2023-03-31 SC271529 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC271529 d:MotorVehicles 2023-04-01 2024-03-31 SC271529 d:MotorVehicles 2024-03-31 SC271529 d:MotorVehicles 2023-03-31 SC271529 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC271529 d:OfficeEquipment 2023-04-01 2024-03-31 SC271529 d:OfficeEquipment 2024-03-31 SC271529 d:OfficeEquipment 2023-03-31 SC271529 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC271529 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC271529 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 SC271529 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 SC271529 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 SC271529 d:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 SC271529 d:CurrentFinancialInstruments 2024-03-31 SC271529 d:CurrentFinancialInstruments 2023-03-31 SC271529 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC271529 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC271529 d:ShareCapital 2024-03-31 SC271529 d:ShareCapital 2023-03-31 SC271529 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC271529 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC271529 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC271529 c:OrdinaryShareClass1 2024-03-31 SC271529 c:OrdinaryShareClass1 2023-03-31 SC271529 c:FRS102 2023-04-01 2024-03-31 SC271529 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC271529 c:FullAccounts 2023-04-01 2024-03-31 SC271529 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC271529 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-04-01 2024-03-31 SC271529 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC271529










EASYLETS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
EASYLETS LIMITED
 

COMPANY INFORMATION


DIRECTOR
J S Reavley 




COMPANY SECRETARY
J Reavley



REGISTERED NUMBER
SC271529



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
EASYLETS LIMITED
REGISTERED NUMBER: SC271529

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

FIXED ASSETS
  

Intangible assets
 4 
158,356
180,026

Tangible assets
 5 
92,101
78,024

  
250,457
258,050

CURRENT ASSETS
  

Debtors
 6 
389,195
532,262

Cash at bank and in hand
  
363,552
416,064

  
752,747
948,326

Creditors: amounts falling due within one year
 7 
(521,575)
(389,012)

NET CURRENT ASSETS
  
 
 
231,172
 
 
559,314

TOTAL ASSETS LESS CURRENT LIABILITIES
  
481,629
817,364

PROVISIONS FOR LIABILITIES
  

Deferred Taxation
  
(14,672)
(12,595)

  
 
 
(14,672)
 
 
(12,595)

NET ASSETS
  
466,957
804,769


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
466,857
804,669

  
466,957
804,769


Page 1

 
EASYLETS LIMITED
REGISTERED NUMBER: SC271529

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 23 September 2024.


J S Reavley
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EASYLETS LIMITED
 

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

1.


GENERAL INFORMATION

Easylets Ltd is a private limited company limited by shares incorporated in Scotland.  The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ.  The principal place of business is 125 Nethergate, Dundee, DD1 4DW and the registration number is SC271529.
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

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

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.

Page 3

 
EASYLETS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

 
2.5

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
Other intangible fixed assets
-
10
years

Page 4

 
EASYLETS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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:

Motor vehicles
-
25%
reducing balance
Office equipment
-
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.

 
2.7

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.

 
2.8

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 18 (2023 - 17).

Page 5

 
EASYLETS LIMITED
 

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

4.


INTANGIBLE ASSETS




Total

£



COST


At 1 April 2023
220,696



At 31 March 2024

220,696



AMORTISATION


At 1 April 2023
40,670


Charge for the year on owned assets
21,670



At 31 March 2024

62,340



NET BOOK VALUE



At 31 March 2024
158,356



At 31 March 2023
180,026




5.


TANGIBLE FIXED ASSETS





Tenants improvements
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 April 2023
23,206
119,931
37,242
180,379


Additions
-
36,350
-
36,350



At 31 March 2024

23,206
156,281
37,242
216,729



DEPRECIATION


At 1 April 2023
-
75,562
26,793
102,355


Charge for the year on owned assets
-
20,182
2,091
22,273



At 31 March 2024

-
95,744
28,884
124,628



NET BOOK VALUE



At 31 March 2024
23,206
60,537
8,358
92,101



At 31 March 2023
23,206
44,369
10,449
78,024

Page 6

 
EASYLETS LIMITED
 

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

6.


DEBTORS

2024
2023
£
£



Other debtors
389,195
532,262

389,195
532,262



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Payments received on account
136,644
113,496

Trade creditors and accruals
32,490
15,143

Other taxation and social security
113,381
76,430

Other creditors
462
1,046

Deferred income
238,598
182,897

521,575
389,012



8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 7