Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC481338 2023-04-01 2024-03-31 SC481338 2022-04-01 2023-03-31 SC481338 2024-03-31 SC481338 2023-03-31 SC481338 c:Director1 2023-04-01 2024-03-31 SC481338 c:Director2 2023-04-01 2024-03-31 SC481338 c:RegisteredOffice 2023-04-01 2024-03-31 SC481338 d:CurrentFinancialInstruments 2024-03-31 SC481338 d:CurrentFinancialInstruments 2023-03-31 SC481338 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC481338 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC481338 d:ShareCapital 2024-03-31 SC481338 d:ShareCapital 2023-03-31 SC481338 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC481338 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC481338 c:OrdinaryShareClass1 2023-04-01 2024-03-31 SC481338 c:OrdinaryShareClass1 2024-03-31 SC481338 c:OrdinaryShareClass1 2023-03-31 SC481338 c:FRS102 2023-04-01 2024-03-31 SC481338 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC481338 c:FullAccounts 2023-04-01 2024-03-31 SC481338 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC481338 6 2023-04-01 2024-03-31 SC481338 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC481338










KIRKCALDY ONE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
KIRKCALDY ONE LIMITED
 

COMPANY INFORMATION


Directors
Mr A Mitchell 
Mrs H Mitchell 




Registered number
SC481338



Registered office
20 Pentland House
Pentland Park

Glenrothes

KY6 2AH




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
KIRKCALDY ONE LIMITED
REGISTERED NUMBER:SC481338

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
488,065
350,977

Bank and cash balances
  
176,538
322,837

  
664,603
673,814

Creditors: amounts falling due within one year
 6 
(523,310)
(532,062)

Net current assets
  
 
 
141,293
 
 
141,752

Total assets less current liabilities
  
141,294
141,753

  

Net assets
  
141,294
141,753


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
141,194
141,653

  
141,294
141,753


Page 1

 
KIRKCALDY ONE LIMITED
REGISTERED NUMBER:SC481338

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 30 October 2024.




Mr A Mitchell
Mrs H Mitchell
Director
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KIRKCALDY ONE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is limited by shares and incorporated in Scotland; Registration Number: SC431338. The registered office is 20 Pentland House, Pentland Park, Glenrothes, KY6 2AH.
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

Going concern

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

 
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:

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.

Page 3

 
KIRKCALDY ONE LIMITED
 

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

2.Accounting policies (continued)


2.3
Turnover (continued)

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

Investment income

Investment income is recognised when all of the following conditions are satisfied:
 
the amount of income can be measured reliably
it is probable that the Company will receive the consideration under the agreement
the stage of completion of the agreement can be measured reliably
the costs incurred and costs to complete the agreement can be measured reliably

 
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.

 
2.6

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.

 
2.7

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.

Page 4

 
KIRKCALDY ONE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
1



At 31 March 2024
1





5.


Debtors

2024
2023
£
£


Other debtors
487,603
350,539

Prepayments and accrued income
462
438

488,065
350,977



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
521,148
530,462

Accruals and deferred income
2,162
1,600

523,310
532,062



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



Page 5