Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-012false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07105249 2023-04-01 2024-03-31 07105249 2022-04-01 2023-03-31 07105249 2024-03-31 07105249 2023-03-31 07105249 c:Director1 2023-04-01 2024-03-31 07105249 d:CurrentFinancialInstruments 2024-03-31 07105249 d:CurrentFinancialInstruments 2023-03-31 07105249 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07105249 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07105249 d:ShareCapital 2024-03-31 07105249 d:ShareCapital 2023-03-31 07105249 d:RetainedEarningsAccumulatedLosses 2024-03-31 07105249 d:RetainedEarningsAccumulatedLosses 2023-03-31 07105249 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07105249 c:OrdinaryShareClass1 2024-03-31 07105249 c:OrdinaryShareClass1 2023-03-31 07105249 c:OrdinaryShareClass2 2023-04-01 2024-03-31 07105249 c:OrdinaryShareClass2 2024-03-31 07105249 c:OrdinaryShareClass2 2023-03-31 07105249 c:FRS102 2023-04-01 2024-03-31 07105249 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07105249 c:FullAccounts 2023-04-01 2024-03-31 07105249 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07105249 2 2023-04-01 2024-03-31 07105249 6 2023-04-01 2024-03-31 07105249 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07105249









WEE FERLIE LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WEE FERLIE LIMITED
REGISTERED NUMBER: 07105249

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
680

Cash at bank and in hand
  
200,592
281,755

  
200,592
282,435

Creditors: amounts falling due within one year
 5 
(2,519)
(3,410)

Net current assets
  
 
 
198,073
 
 
279,025

Total assets less current liabilities
  
198,073
279,025

  

Net assets
  
198,073
279,025


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
197,973
278,925

  
198,073
279,025


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 2 December 2024.




Mr P Bishop
Director

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

Page 1

 
WEE FERLIE LIMITED
 

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

1.


General information

Wee Ferlie Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information page of these accounts. The principal activity of the company continued to be that of management consultancy. The company is not part of a group.

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

Revenue

Revenue 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. Revenue 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

Revenue 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

Expenses

Expenses represent amounts payable for goods and services provided to the company net of recoverable VAT.

 
2.4

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
WEE FERLIE LIMITED
 

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

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Taxation

Tax is recognised in the Statement of Income and Retained Earnings 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.10

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.11

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
8,640
15,890

8,640
15,890


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

Page 3

 
WEE FERLIE LIMITED
 

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

4.


Debtors

2024
2023
£
£


Amounts owed by undertakings in which the company has a participating interest
-
380

Other debtors
-
300

-
680



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
2,519
3,410

2,519
3,410



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



51 (2023 - 51) Ordinary "A" shares of £1.00 each
51
51
49 (2023 - 49) Ordinary "B" shares of £1.00 each
49
49

100

100



7.


Related party transactions

The Company operated a loan account with it's directors. The balance owed to the Company at the year end was £- (2023 - £300). The loan is interest free and repayable on demand.
 


Page 4