Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01No description of principal activityfalse1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC147311 2023-07-01 2024-06-30 SC147311 2022-07-01 2023-06-30 SC147311 2024-06-30 SC147311 2023-06-30 SC147311 c:CompanySecretary1 2023-07-01 2024-06-30 SC147311 c:Director1 2023-07-01 2024-06-30 SC147311 c:Director1 2024-06-30 SC147311 c:Director4 2023-07-01 2024-06-30 SC147311 c:Director5 2023-07-01 2024-06-30 SC147311 c:Director6 2023-07-01 2024-06-30 SC147311 c:RegisteredOffice 2023-07-01 2024-06-30 SC147311 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 SC147311 d:Buildings d:ShortLeaseholdAssets 2024-06-30 SC147311 d:Buildings d:ShortLeaseholdAssets 2023-06-30 SC147311 d:OfficeEquipment 2023-07-01 2024-06-30 SC147311 d:OfficeEquipment 2024-06-30 SC147311 d:OfficeEquipment 2023-06-30 SC147311 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC147311 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC147311 d:CurrentFinancialInstruments 2024-06-30 SC147311 d:CurrentFinancialInstruments 2023-06-30 SC147311 d:Non-currentFinancialInstruments 2024-06-30 SC147311 d:Non-currentFinancialInstruments 2023-06-30 SC147311 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC147311 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC147311 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC147311 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC147311 d:ShareCapital 2024-06-30 SC147311 d:ShareCapital 2023-06-30 SC147311 d:SharePremium 2024-06-30 SC147311 d:SharePremium 2023-06-30 SC147311 d:CapitalRedemptionReserve 2024-06-30 SC147311 d:CapitalRedemptionReserve 2023-06-30 SC147311 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC147311 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC147311 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC147311 c:OrdinaryShareClass1 2024-06-30 SC147311 c:OrdinaryShareClass1 2023-06-30 SC147311 c:FRS102 2023-07-01 2024-06-30 SC147311 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC147311 c:FullAccounts 2023-07-01 2024-06-30 SC147311 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC147311 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC147311










CAIRN INDEPENDENT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
CAIRN INDEPENDENT LIMITED
 

COMPANY INFORMATION


Directors
Mr J C Johnston (resigned 4 July 2024)
Mr R Young 
Mr D C Harper 
Mrs L J Young 




Company secretary
Mr R Young



Registered number
SC147311



Registered office
Priory View
Victoria Road

Kirkcaldy

Fife

KY1 2SA




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
CAIRN INDEPENDENT LIMITED
REGISTERED NUMBER: SC147311

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
18,297
23,410

  
18,297
23,410

Current assets
  

Debtors: amounts falling due within one year
 5 
60,386
40,779

Cash at bank and in hand
  
74,356
85,892

  
134,742
126,671

Creditors: amounts falling due within one year
 6 
(65,628)
(63,981)

Net current assets
  
 
 
69,114
 
 
62,690

Total assets less current liabilities
  
87,411
86,100

Creditors: amounts falling due after more than one year
 7 
(10,762)
(19,820)

Provisions for liabilities
  

Deferred tax
  
(4,462)
(5,694)

  
 
 
(4,462)
 
 
(5,694)

Net assets
  
72,187
60,586


Capital and reserves
  

Called up share capital 
 8 
10,666
10,666

Share premium account
  
2,666
2,666

Capital redemption reserve
  
7,000
7,000

Profit and loss account
  
51,855
40,254

  
72,187
60,586


Page 1

 
CAIRN INDEPENDENT LIMITED
REGISTERED NUMBER: SC147311

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 on 15 January 2025.




Mr R Young
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CAIRN INDEPENDENT LIMITED
 

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

1.


General information

The company is limited by shares and incorporated in Scotland. The address of the registered office is Priory View, Victoria Road, Kirkcaldy, Fife, KY1 2SA. 
The financial statements are presented in sterling which is the functional currency of the company 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:

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

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

 
CAIRN INDEPENDENT LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.

Page 4

 
CAIRN INDEPENDENT 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:

Leasehold improvements
-
Over the period of the lease
Office equipment
-
25% 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

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.

 
2.8

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 11 (2023 - 11).

Page 5

 
CAIRN INDEPENDENT LIMITED
 

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

4.


Tangible fixed assets





Leasehold improve-  ments
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
19,188
77,495
96,683


Additions
-
1,064
1,064



At 30 June 2024

19,188
78,559
97,747



Depreciation


At 1 July 2023
14,703
58,570
73,273


Charge for the year on owned assets
1,330
4,847
6,177



At 30 June 2024

16,033
63,417
79,450



Net book value



At 30 June 2024
3,155
15,142
18,297



At 30 June 2023
4,485
18,925
23,410


5.


Debtors

2024
2023
£
£


Trade debtors
23,606
8,000

Prepayments and accrued income
36,780
32,779

60,386
40,779



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,381
9,704

Other taxation and social security
51,175
42,655

Accruals and deferred income
5,072
11,622

65,628
63,981


Page 6

 
CAIRN INDEPENDENT LIMITED
 

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

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,762
19,820



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,666 (2023 - 10,666) Ordinary shares of £1.00 each
10,666
10,666



9.


Controlling party

During the two years ended 30 June 2024, the ultimate parent company was Cairn Nexus Limited, a
company incorporated in Scotland. 


Page 7