Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falseDigital marketing2023-02-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC687528 2023-02-01 2024-01-31 SC687528 2022-02-01 2023-01-31 SC687528 2024-01-31 SC687528 2023-01-31 SC687528 c:Director1 2023-02-01 2024-01-31 SC687528 c:Director2 2023-02-01 2024-01-31 SC687528 c:RegisteredOffice 2023-02-01 2024-01-31 SC687528 d:PlantMachinery 2023-02-01 2024-01-31 SC687528 d:PlantMachinery 2024-01-31 SC687528 d:PlantMachinery 2023-01-31 SC687528 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC687528 d:CurrentFinancialInstruments 2024-01-31 SC687528 d:CurrentFinancialInstruments 2023-01-31 SC687528 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC687528 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC687528 d:ShareCapital 2024-01-31 SC687528 d:ShareCapital 2023-01-31 SC687528 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC687528 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC687528 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC687528 c:OrdinaryShareClass1 2024-01-31 SC687528 c:OrdinaryShareClass1 2023-01-31 SC687528 c:FRS102 2023-02-01 2024-01-31 SC687528 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC687528 c:FullAccounts 2023-02-01 2024-01-31 SC687528 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC687528 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC687528










MORGAN SPEIRS (DIGITAL) LTD
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
MORGAN SPEIRS (DIGITAL) LTD
 

COMPANY INFORMATION


Directors
Miss W Morgan 
Mr N Tierney 




Registered number
SC687528



Registered office
8 Forthill Road
Broughty Ferry

Dundee

DD5 2JU




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
MORGAN SPEIRS (DIGITAL) LTD
REGISTERED NUMBER: SC687528

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
2
496

  
2
496

Current assets
  

Debtors: amounts falling due within one year
 5 
586
3,214

Cash at bank and in hand
  
1,685
13

  
2,271
3,227

Creditors: amounts falling due within one year
 6 
(1,850)
(3,321)

Net current assets/(liabilities)
  
 
 
421
 
 
(94)

Total assets less current liabilities
  
423
402

  

Net assets
  
423
402


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
422
401

  
423
402


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 on 8 October 2024.




Miss W Morgan
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MORGAN SPEIRS (DIGITAL) LTD
 

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

1.


General information

Morgan Speirs (Digital) Ltd is a private company, limited by shares, incorporated in Scotland with
registration number SC687528. The registered office is 8 Forthill Road, Broughty Ferry, Dundee, DD5 2JU.
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

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.

 
2.4

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 reporting date in the countries where the Company operates and generates income.

Page 2

 
MORGAN SPEIRS (DIGITAL) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%

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

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 (2023 - 2).

Page 3

 
MORGAN SPEIRS (DIGITAL) LTD
 

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

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 February 2023
1,492



At 31 January 2024

1,492



Depreciation


At 1 February 2023
996


Charge for the year on owned assets
494



At 31 January 2024

1,490



Net book value



At 31 January 2024
2


5.


Debtors

2024
2023
£
£


Other debtors
586
3,214

586
3,214



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
170
1,701

Accruals and deferred income
1,680
1,620

1,850
3,321



7.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


Page 4