Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30trueNo description of principal activity1truefalse2023-07-011false SC595615 2023-07-01 2024-06-30 SC595615 2022-07-01 2023-06-30 SC595615 2024-06-30 SC595615 2023-06-30 SC595615 c:Director1 2023-07-01 2024-06-30 SC595615 c:RegisteredOffice 2023-07-01 2024-06-30 SC595615 d:CurrentFinancialInstruments 2024-06-30 SC595615 d:CurrentFinancialInstruments 2023-06-30 SC595615 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC595615 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC595615 d:ShareCapital 2024-06-30 SC595615 d:ShareCapital 2023-06-30 SC595615 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC595615 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC595615 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC595615 c:OrdinaryShareClass1 2024-06-30 SC595615 c:OrdinaryShareClass1 2023-06-30 SC595615 c:FRS102 2023-07-01 2024-06-30 SC595615 c:Audited 2023-07-01 2024-06-30 SC595615 c:FullAccounts 2023-07-01 2024-06-30 SC595615 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC595615 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC595615 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC595615










WASA DREDGING UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
WASA DREDGING UK LIMITED
 

COMPANY INFORMATION


Director
Mr K V Backlund 




Registered number
SC595615



Registered office
C/O Wright Johnston & Mackenzie LLP
The Capital Building

12 - 13 St Andrew Square

Edinburgh

EH2 2AF




Independent auditors
Sumer Auditco Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WASA DREDGING UK LIMITED
REGISTERED NUMBER: SC595615

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
90
150

Cash at bank and in hand
  
437,925
460,916

  
438,015
461,066

Creditors: amounts falling due within one year
 5 
(5,611)
(6,300)

Net current assets
  
 
 
432,404
 
 
454,766

Total assets less current liabilities
  
432,404
454,766

  

Net assets
  
432,404
454,766


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
431,404
453,766

  
432,404
454,766


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: 




Mr K V Backlund
Director

Date: 31 October 2024

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

Page 1

 
WASA DREDGING UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Wasa Dredging UK Limited is a private company, limited by shares, incorporated in Scotland with registration number SC595615. The registered office is The Capital Building, 12 - 13 St Andrew Square, Edinburgh, EH2 2AF.
The financial statements are 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

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
WASA DREDGING UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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 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.

 
2.5

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
90
150

90
150



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
5,611
6,300

5,611
6,300


Page 3

 
WASA DREDGING UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



7.


Controlling party

The Company is a wholly owned subsidiary of Wasa Dredging Oy Ltd, a company incorporated in Finland with registration number 0917477-9.
The ultimate parent company is Wasa Dredging Group Oy Ltd, a company incorporated in Finland with registration number 3132429-4. The registered office address and principal place of business is Raastuvankatu 21 B, 65100 Vaasa, Finland.


8.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 31 October 2024 by Greg Stapley (Senior statutory auditor) on behalf of Sumer Auditco Limited.


Page 4