Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31true23The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-02-01falseNo description of principal activity22false SC497813 2023-02-01 2024-01-31 SC497813 2022-02-01 2023-01-31 SC497813 2024-01-31 SC497813 2023-01-31 SC497813 c:Director1 2023-02-01 2024-01-31 SC497813 c:Director2 2023-02-01 2024-01-31 SC497813 c:RegisteredOffice 2023-02-01 2024-01-31 SC497813 d:PlantMachinery 2023-02-01 2024-01-31 SC497813 d:PlantMachinery 2024-01-31 SC497813 d:PlantMachinery 2023-01-31 SC497813 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC497813 d:FurnitureFittings 2023-02-01 2024-01-31 SC497813 d:FurnitureFittings 2024-01-31 SC497813 d:FurnitureFittings 2023-01-31 SC497813 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC497813 d:OfficeEquipment 2023-02-01 2024-01-31 SC497813 d:OfficeEquipment 2024-01-31 SC497813 d:OfficeEquipment 2023-01-31 SC497813 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC497813 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC497813 d:Goodwill 2023-02-01 2024-01-31 SC497813 d:Goodwill 2024-01-31 SC497813 d:Goodwill 2023-01-31 SC497813 d:CurrentFinancialInstruments 2024-01-31 SC497813 d:CurrentFinancialInstruments 2023-01-31 SC497813 d:Non-currentFinancialInstruments 2024-01-31 SC497813 d:Non-currentFinancialInstruments 2023-01-31 SC497813 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC497813 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC497813 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 SC497813 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 SC497813 d:ShareCapital 2024-01-31 SC497813 d:ShareCapital 2023-01-31 SC497813 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC497813 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC497813 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC497813 c:OrdinaryShareClass1 2024-01-31 SC497813 c:OrdinaryShareClass1 2023-01-31 SC497813 c:FRS102 2023-02-01 2024-01-31 SC497813 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC497813 c:FullAccounts 2023-02-01 2024-01-31 SC497813 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC497813 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 SC497813 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC497813










WALDO RETAIL LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
WALDO RETAIL LTD
 

COMPANY INFORMATION


Directors
Mr N Kemlo 
Ms K A Morton 




Registered number
SC497813



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
WALDO RETAIL LTD
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 
WALDO RETAIL LTD
REGISTERED NUMBER: SC497813

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
20,800
31,200

Tangible assets
 5 
34,079
21,858

  
54,879
53,058

Current assets
  

Stocks
  
9,794
13,963

Debtors: amounts falling due within one year
 6 
99,679
122,665

Bank and cash balances
  
24,075
36,870

  
133,548
173,498

Creditors: amounts falling due within one year
 7 
(56,278)
(63,145)

Net current assets
  
 
 
77,270
 
 
110,353

Total assets less current liabilities
  
132,149
163,411

Creditors: amounts falling due after more than one year
 8 
(13,395)
(23,373)

Provisions for liabilities
  

Deferred tax
  
(9,605)
(10,081)

  
 
 
(9,605)
 
 
(10,081)

Net assets
  
109,149
129,957


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
109,147
129,955

  
109,149
129,957


Page 1

 
WALDO RETAIL LTD
REGISTERED NUMBER: SC497813

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 30 October 2024.




Ms K A Morton
Director

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

Page 2

 
WALDO RETAIL LTD
 

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

1.


General information

Waldo Retail Ltd is a private company, limited by shares, domiciled in Scotland with registration number SC497813. The registered office is 14 City Quay, Camperdown Street, Dundee, Scotland, DD1 3JA.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
WALDO RETAIL LTD
 

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

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

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
-
15%
Straight-line
Fixtures and fittings
-
20%
Straight-line
Office equipment
-
20%
Straight-line

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

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.
Page 4

 
WALDO RETAIL LTD
 

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

3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
22
23


4.


Intangible assets




Goodwill

£



Cost


At 1 February 2023
52,000



At 31 January 2024

52,000



Amortisation


At 1 February 2023
20,800


Charge for the year on owned assets
10,400



At 31 January 2024

31,200



Net book value



At 31 January 2024
20,800



At 31 January 2023
31,200



Page 5

 
WALDO RETAIL LTD
 

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

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
26,376
37,971
555
64,902


Additions
16,145
10,461
63
26,669



At 31 January 2024

42,521
48,432
618
91,571



Depreciation


At 1 February 2023
17,577
25,195
272
43,044


Charge for the year on owned assets
6,378
7,946
124
14,448



At 31 January 2024

23,955
33,141
396
57,492



Net book value



At 31 January 2024
18,566
15,291
222
34,079



At 31 January 2023
8,799
12,776
283
21,858


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
99,008
122,008

Prepayments and accrued income
671
657

99,679
122,665



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,648
10,648

Trade creditors
8,939
5,235

Other taxation and social security
22,314
36,283

Other creditors
12,377
9,379

Accruals and deferred income
2,000
1,600

56,278
63,145


Page 6

 
WALDO RETAIL LTD
 

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

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,395
23,373

13,395
23,373



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



Page 7