Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-282023-03-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC260756 2023-03-01 2024-02-28 SC260756 2022-03-01 2023-02-28 SC260756 2024-02-28 SC260756 2023-02-28 SC260756 c:CompanySecretary1 2023-03-01 2024-02-28 SC260756 c:Director1 2023-03-01 2024-02-28 SC260756 c:RegisteredOffice 2023-03-01 2024-02-28 SC260756 d:PlantMachinery 2023-03-01 2024-02-28 SC260756 d:PlantMachinery 2024-02-28 SC260756 d:PlantMachinery 2023-02-28 SC260756 d:FurnitureFittings 2023-03-01 2024-02-28 SC260756 d:FurnitureFittings 2024-02-28 SC260756 d:FurnitureFittings 2023-02-28 SC260756 d:CurrentFinancialInstruments 2024-02-28 SC260756 d:CurrentFinancialInstruments 2023-02-28 SC260756 d:Non-currentFinancialInstruments 2024-02-28 SC260756 d:Non-currentFinancialInstruments 2023-02-28 SC260756 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 SC260756 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 SC260756 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-28 SC260756 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 SC260756 d:ShareCapital 2024-02-28 SC260756 d:ShareCapital 2023-02-28 SC260756 d:RetainedEarningsAccumulatedLosses 2024-02-28 SC260756 d:RetainedEarningsAccumulatedLosses 2023-02-28 SC260756 c:OrdinaryShareClass1 2023-03-01 2024-02-28 SC260756 c:OrdinaryShareClass1 2024-02-28 SC260756 c:OrdinaryShareClass1 2023-02-28 SC260756 c:FRS102 2023-03-01 2024-02-28 SC260756 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC260756 c:FullAccounts 2023-03-01 2024-02-28 SC260756 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC260756 e:PoundSterling 2023-03-01 2024-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC260756










ON-TRADE CONSULTANTS LIMITED
 FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

 
ON-TRADE CONSULTANTS LIMITED
 

COMPANY INFORMATION


Director
Mr K Mudie 




Company secretary
Mr R Dow



Registered number
SC260756



Registered office
14 City Quay

Dundee

DD1 3JA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
ON-TRADE CONSULTANTS LIMITED
REGISTERED NUMBER: SC260756

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2024

2024
2023
£
£

  

Current assets
  

Stocks
  
8,950
200

Debtors due within 1 year
  
29,021
32,134

Bank & cash balances
  
8,385
16,380

  
46,356
48,714

Creditors: amounts falling due within one year
 6 
(46,482)
(43,912)

Net current (liabilities)/assets
  
 
 
(126)
 
 
4,802

Total assets less current liabilities
  
(126)
4,802

Creditors: amounts falling due after more than one year
 7 
(30,826)
(38,924)

  

Net liabilities
  
(30,952)
(34,122)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(30,953)
(34,123)

  
(30,952)
(34,122)


Page 1

 
ON-TRADE CONSULTANTS LIMITED
REGISTERED NUMBER: SC260756

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 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 28 November 2024.




Mr K Mudie
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1.


General information

On-Trade Consultants Limited is a private company, limited by shares, domiciled in Scotland in the United Kingdom, with registration number SC260756. The registered office is 14 City Quay, Dundee, DD1 3JA and the principal operating address is 40 Maryfield Grove, Arbroath Road, Dundee, DD4 7GZ. 

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

As at 28 February 2024 the Statement of Financial Position shows net liabilities. The company can only continue to operate with the support of the director, Mr K Mudie, who has confirmed that he will financially support the company for the foreseeable future. Therefore, the company will continue to adopt the going concern basis for the preparation of the financial statement. 

 
2.3

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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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 the following bases:.


Computer equipment
-
33%
straight line
Furniture and fittings
-
25%
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.

 
2.8

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 1 (2023 - 1).

Page 4

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

4.


Tangible fixed assets





Computer Equipment
Fixtures & Fittings
Total

£
£
£



Cost or valuation


At 1 March 2023
1,319
880
2,199



At 28 February 2024

1,319
880
2,199



Depreciation


At 1 March 2023
1,319
880
2,199



At 28 February 2024

1,319
880
2,199



Net book value



At 28 February 2024
-
-
-



At 28 February 2023
-
-
-


5.


Debtors

2024
2023
£
£


Other debtors
29,021
32,134

29,021
32,134



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,343
4,457

Trade creditors
29,700
20,700

Other taxation and social security
3,346
6,539

Other creditors
5,289
10,412

Accruals and deferred income
1,804
1,804

46,482
43,912


Page 5

 
ON-TRADE CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
30,826
38,924

30,826
38,924



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) ordinary share of £1
1
1



Page 6