Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3072023-07-01falseNo description of principal activity7falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC288659 2023-07-01 2024-06-30 SC288659 2022-07-01 2023-06-30 SC288659 2024-06-30 SC288659 2023-06-30 SC288659 c:Director1 2023-07-01 2024-06-30 SC288659 c:Director2 2023-07-01 2024-06-30 SC288659 c:RegisteredOffice 2023-07-01 2024-06-30 SC288659 d:PlantMachinery 2023-07-01 2024-06-30 SC288659 d:PlantMachinery 2024-06-30 SC288659 d:PlantMachinery 2023-06-30 SC288659 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC288659 d:MotorVehicles 2023-07-01 2024-06-30 SC288659 d:MotorVehicles 2024-06-30 SC288659 d:MotorVehicles 2023-06-30 SC288659 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC288659 d:FurnitureFittings 2023-07-01 2024-06-30 SC288659 d:FurnitureFittings 2024-06-30 SC288659 d:FurnitureFittings 2023-06-30 SC288659 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC288659 d:OfficeEquipment 2023-07-01 2024-06-30 SC288659 d:OfficeEquipment 2024-06-30 SC288659 d:OfficeEquipment 2023-06-30 SC288659 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC288659 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC288659 d:Goodwill 2023-07-01 2024-06-30 SC288659 d:Goodwill 2024-06-30 SC288659 d:Goodwill 2023-06-30 SC288659 d:CurrentFinancialInstruments 2024-06-30 SC288659 d:CurrentFinancialInstruments 2023-06-30 SC288659 d:Non-currentFinancialInstruments 2024-06-30 SC288659 d:Non-currentFinancialInstruments 2023-06-30 SC288659 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC288659 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC288659 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC288659 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC288659 d:ShareCapital 2024-06-30 SC288659 d:ShareCapital 2023-06-30 SC288659 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC288659 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC288659 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC288659 c:OrdinaryShareClass1 2024-06-30 SC288659 c:OrdinaryShareClass1 2023-06-30 SC288659 c:FRS102 2023-07-01 2024-06-30 SC288659 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC288659 c:FullAccounts 2023-07-01 2024-06-30 SC288659 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC288659 6 2023-07-01 2024-06-30 SC288659 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 SC288659 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC288659










WEST PORT PRINT & DESIGN LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
WEST PORT PRINT & DESIGN LIMITED
 

COMPANY INFORMATION


Directors
Mrs C Simpson 
Mr S Simpson 




Registered number
SC288659



Registered office
14a Argyle Street

St Andrews

Fife

KY16 9BP




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WEST PORT PRINT & DESIGN LIMITED
REGISTERED NUMBER: SC288659

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
15,800
23,700

Tangible assets
 5 
33,409
39,908

Investments
 6 
299,329
299,329

  
348,538
362,937

Current assets
  

Stocks
  
4,820
4,820

Debtors: amounts falling due within one year
 7 
63,949
139,286

Bank and cash balances
  
47,776
57,459

  
116,545
201,565

Creditors: amounts falling due within one year
 8 
(133,516)
(81,085)

Net current (liabilities)/assets
  
 
 
(16,971)
 
 
120,480

Total assets less current liabilities
  
331,567
483,417

Creditors: amounts falling due after more than one year
 9 
(9,932)
(20,999)

Provisions for liabilities
  

Deferred tax
  
(7,500)
(6,777)

  
 
 
(7,500)
 
 
(6,777)

Net assets
  
314,135
455,641


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
  
313,135
454,641

  
314,135
455,641


Page 1

 
WEST PORT PRINT & DESIGN LIMITED
REGISTERED NUMBER: SC288659

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 by: 




Mr S Simpson
Mrs C Simpson
Director
Director


Date: 26 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

West Port Print & Design Limited is a company limited by shares and incorporated in Scotland; registration number SC288659. The address of the registered office is 14a Arygle Street, St Andrews, Fife, KY16 9BP.
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 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.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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 a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10% & 25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
50% 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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

 
2.9

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

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 5

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
158,000



At 30 June 2024

158,000



Amortisation


At 1 July 2023
134,300


Charge for the year on owned assets
7,900



At 30 June 2024

142,200



Net book value



At 30 June 2024
15,800



At 30 June 2023
23,700



Page 6

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
219,556
11,711
10,072
56,892
298,231


Additions
-
-
-
1,878
1,878



At 30 June 2024

219,556
11,711
10,072
58,770
300,109



Depreciation


At 1 July 2023
191,330
7,594
9,423
49,976
258,323


Charge for the year on owned assets
3,286
1,029
163
3,899
8,377



At 30 June 2024

194,616
8,623
9,586
53,875
266,700



Net book value



At 30 June 2024
24,940
3,088
486
4,895
33,409



At 30 June 2023
28,226
4,117
649
6,916
39,908


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
299,329



At 30 June 2024
299,329




Page 7

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Trade debtors
58,513
51,814

Amounts owed by group undertakings
-
86,200

Prepayments and accrued income
5,436
1,272

63,949
139,286



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
35,381
30,372

Amounts owed to group undertakings
46,960
-

Other taxation and social security
24,038
23,273

Obligations under finance lease and hire purchase contracts
1,069
2,462

Other creditors
917
927

Accruals and deferred income
15,151
14,051

133,516
81,085


The hire purchase liability is secured against the relevant assets.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,932
19,930

Net obligations under finance leases and hire purchase contracts
-
1,069

9,932
20,999


The hire purchase liability is secured against the relevant assets.

Page 8

 
WEST PORT PRINT & DESIGN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



11.


Controlling party

The Company's ultimate parent company is Kilrymont Limited, a company registered in Scotland. The registered office and principal place of business is 14a Argyle Street, St Andrews, Fife, Scotland, KY16 9BP.


Page 9