Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28falsetrue2023-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity11truefalse SC721655 2023-03-01 2024-02-28 SC721655 2022-03-01 2023-02-28 SC721655 2024-02-28 SC721655 2023-02-28 SC721655 c:Director1 2023-03-01 2024-02-28 SC721655 c:RegisteredOffice 2023-03-01 2024-02-28 SC721655 d:CurrentFinancialInstruments 2024-02-28 SC721655 d:CurrentFinancialInstruments 2023-02-28 SC721655 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 SC721655 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 SC721655 d:ShareCapital 2024-02-28 SC721655 d:ShareCapital 2023-02-28 SC721655 d:RetainedEarningsAccumulatedLosses 2024-02-28 SC721655 d:RetainedEarningsAccumulatedLosses 2023-02-28 SC721655 c:OrdinaryShareClass1 2023-03-01 2024-02-28 SC721655 c:OrdinaryShareClass1 2024-02-28 SC721655 c:OrdinaryShareClass1 2023-02-28 SC721655 c:FRS102 2023-03-01 2024-02-28 SC721655 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC721655 c:FullAccounts 2023-03-01 2024-02-28 SC721655 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC721655 e:PoundSterling 2023-03-01 2024-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC721655










FIFE STORAGE CENTRE LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

 
FIFE STORAGE CENTRE LTD
 

COMPANY INFORMATION


Director
Mr C A Elder 




Registered number
SC721655



Registered office
4 Seton Place

Kirkcaldy

KY2 6UX




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
FIFE STORAGE CENTRE LTD
REGISTERED NUMBER: SC721655

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
3,732
6,236

  
3,732
6,236

Creditors: amounts falling due within one year
 5 
(3,617)
(1,606)

Net current assets
  
 
 
115
 
 
4,630

Total assets less current liabilities
  
115
4,630

  

Net assets
  
115
4,630


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
15
4,530

  
115
4,630


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 by: 




Mr C A Elder
Director

Date: 28 November 2024

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

Page 1

 
FIFE STORAGE CENTRE LTD
 

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

1.


General information

Fife Storage Centre Ltd is a private Company, limited by shares, in Scotland with registration number
SC721655. The registered office is 4 Seton Place, Kirkcaldy, Scotland, KY2 6UX.
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 revenue 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 revenue 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 revenue 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

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.

Page 2

 
FIFE STORAGE CENTRE LTD
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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

2024
2023
£
£

Wages and salaries
6,396
-

6,396
-


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


4.


Debtors

2024
2023
£
£


Other debtors
3,732
6,236

3,732
6,236


Included within other debtors due within one year is a loan to Craig Elder, a director, amounting to £3,732 (2023 - £6,236). The loan was repaid in November 2024.



Page 3

 
FIFE STORAGE CENTRE LTD
 

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

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
109
521

Trade creditors
34
-

Other taxation and social security
1,674
1,085

Accruals and deferred income
1,800
-

3,617
1,606



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



Page 4