Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseNo description of principal activity2020truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC267378 2023-03-01 2024-02-29 SC267378 2022-03-01 2023-02-28 SC267378 2024-02-29 SC267378 2023-02-28 SC267378 c:CompanySecretary1 2023-03-01 2024-02-29 SC267378 c:Director1 2023-03-01 2024-02-29 SC267378 c:Director2 2023-03-01 2024-02-29 SC267378 c:RegisteredOffice 2023-03-01 2024-02-29 SC267378 d:Buildings 2023-03-01 2024-02-29 SC267378 d:Buildings 2024-02-29 SC267378 d:Buildings 2023-02-28 SC267378 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC267378 d:PlantMachinery 2023-03-01 2024-02-29 SC267378 d:PlantMachinery 2024-02-29 SC267378 d:PlantMachinery 2023-02-28 SC267378 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC267378 d:MotorVehicles 2023-03-01 2024-02-29 SC267378 d:MotorVehicles 2024-02-29 SC267378 d:MotorVehicles 2023-02-28 SC267378 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC267378 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 SC267378 d:CurrentFinancialInstruments 2024-02-29 SC267378 d:CurrentFinancialInstruments 2023-02-28 SC267378 d:Non-currentFinancialInstruments 2024-02-29 SC267378 d:Non-currentFinancialInstruments 2023-02-28 SC267378 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC267378 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 SC267378 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 SC267378 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 SC267378 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 SC267378 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 SC267378 d:ShareCapital 2024-02-29 SC267378 d:ShareCapital 2023-02-28 SC267378 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC267378 d:RetainedEarningsAccumulatedLosses 2023-02-28 SC267378 c:OrdinaryShareClass1 2023-03-01 2024-02-29 SC267378 c:OrdinaryShareClass1 2024-02-29 SC267378 c:OrdinaryShareClass1 2023-02-28 SC267378 c:FRS102 2023-03-01 2024-02-29 SC267378 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC267378 c:FullAccounts 2023-03-01 2024-02-29 SC267378 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC267378 6 2023-03-01 2024-02-29 SC267378 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC267378










G S ROBERTSON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

 
G S ROBERTSON LIMITED
 

COMPANY INFORMATION


Directors
G S Robertson 
Mrs S J Robertson 




Company secretary
Mrs S J Robertson



Registered number
SC267378



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





 
G S ROBERTSON LIMITED
REGISTERED NUMBER: SC267378

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
637,876
681,794

Investments
 5 
50
50

  
637,926
681,844

CURRENT ASSETS
  

Stocks
  
454,273
580,253

Debtors: amounts falling due within one year
 6 
1,597,851
1,579,225

  
2,052,124
2,159,478

Creditors: amounts falling due within one year
 7 
(802,317)
(1,369,279)

NET CURRENT ASSETS
  
 
 
1,249,807
 
 
790,199

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,887,733
1,472,043

Creditors: amounts falling due after more than one year
 8 
(57,445)
(136,444)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(158,214)
(129,544)

  
 
 
(158,214)
 
 
(129,544)

NET ASSETS
  
1,672,074
1,206,055


CAPITAL AND RESERVES
  

Called up share capital 
 10 
100
100

Profit and loss account
  
1,671,974
1,205,955

  
1,672,074
1,206,055


Page 1

 
G S ROBERTSON LIMITED
REGISTERED NUMBER: SC267378

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

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 24 September 2024.




G S Robertson
Director

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

Page 2

 
G S ROBERTSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


GENERAL INFORMATION

G S Robertson Limited is a private company, limited by shares, incorporated in Scotland with
registration number SC267378 . The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ. The pincipal place of business is Carseview Road, Forfar, DD8 3BT.
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.

Page 3

 
G S ROBERTSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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.

 
2.4

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, as follows.

Depreciation is provided on the following basis:

Tenants improvements
-
4.0%
straight line
Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
25.0%
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.

 
2.5

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
G S ROBERTSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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 reporting 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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 20 (2023 - 20).

Page 5

 
G S ROBERTSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


TANGIBLE FIXED ASSETS







Tenants improvements
Plant & Machinery
Motor Vehicles
Total

£
£
£
£



COST OR VALUATION


At 1 March 2023
13,683
1,226,339
183,359
1,423,381


Additions
-
47,121
24,995
72,116


Disposals
-
(33,077)
(21,500)
(54,577)



At 29 February 2024

13,683
1,240,383
186,854
1,440,920



DEPRECIATION


At 1 March 2023
6,564
654,236
80,787
741,587


Charge for the year on owned assets
547
77,269
30,190
108,006


Disposals
-
(31,851)
(14,698)
(46,549)



At 29 February 2024

7,111
699,654
96,279
803,044



NET BOOK VALUE



At 29 February 2024
6,572
540,729
90,575
637,876



At 28 February 2023
7,119
572,103
102,572
681,794


5.


FIXED ASSET INVESTMENTS








Unlisted Investments

£



COST OR VALUATION


At 1 March 2023
50



At 29 February 2024
50




Page 6

 
G S ROBERTSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


DEBTORS

29 February
28 February
2024
2023
£
£


Trade debtors
921,313
1,105,315

Other debtors
676,538
473,910

1,597,851
1,579,225



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29 February
28 February
2024
2023
£
£

Bank overdrafts
78,343
118,653

Bank loans
20,000
20,000

Trade creditors
397,620
884,844

Other taxation and social security
242,616
253,212

Obligations under finance lease and hire purchase contracts
58,999
89,227

Accruals and deferred income
4,739
3,343

802,317
1,369,279



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29 February
28 February
2024
2023
£
£

Bank loans
25,000
45,000

Net obligations under finance leases and hire purchase contracts
32,445
91,444

57,445
136,444


Page 7

 
G S ROBERTSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


LOANS


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
20,000
20,000


20,000
20,000

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
25,000
45,000


25,000
45,000



45,000
65,000



10.


SHARE CAPITAL

29 February
28 February
2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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



Page 8