Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activity2023-08-011false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC510044 2023-08-01 2024-07-31 SC510044 2022-08-01 2023-07-31 SC510044 2024-07-31 SC510044 2023-07-31 SC510044 c:Director3 2023-08-01 2024-07-31 SC510044 d:CurrentFinancialInstruments 2024-07-31 SC510044 d:CurrentFinancialInstruments 2023-07-31 SC510044 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC510044 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC510044 d:ShareCapital 2024-07-31 SC510044 d:ShareCapital 2023-07-31 SC510044 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC510044 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC510044 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC510044 c:OrdinaryShareClass1 2024-07-31 SC510044 c:OrdinaryShareClass1 2023-07-31 SC510044 c:FRS102 2023-08-01 2024-07-31 SC510044 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC510044 c:FullAccounts 2023-08-01 2024-07-31 SC510044 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC510044









RUNNING 4 LTD.







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
RUNNING 4 LTD.
REGISTERED NUMBER: SC510044

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
36,441
27,054

Cash at bank and in hand
 5 
545
12,061

  
36,986
39,115

Creditors: amounts falling due within one year
 6 
(30,693)
(31,961)

Net assets
  
6,293
7,154


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
6,193
7,054

  
6,293
7,154


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 her 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 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 9 December 2024.




................................................
Francesca Dunne
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
RUNNING 4 LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Running 4 Ltd. is a private company limited by share capital, incorporated in Scotland, registration number SC510044. The address of the registered office is 200 4 Redheughs Rigg, South Gyle, Edinburgh, Lothian Region, Scotland, EH12 9DQ.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2

 
RUNNING 4 LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
RUNNING 4 LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Trade debtors
3,970
4,880

Other debtors
32,371
22,074

Called up share capital not paid
100
100

36,441
27,054


Page 4

 
RUNNING 4 LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
545
12,061



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
28,153
25,292

Corporation tax
-
1,756

Other taxation and social security
-
2,583

Accruals and deferred income
2,540
2,330

30,693
31,961



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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


 
Page 5