Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falsetrueNo description of principal activity33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC697190 2023-05-01 2024-04-30 SC697190 2022-05-01 2023-04-30 SC697190 2024-04-30 SC697190 2023-04-30 SC697190 c:Director1 2023-05-01 2024-04-30 SC697190 c:Director2 2023-05-01 2024-04-30 SC697190 c:Director3 2023-05-01 2024-04-30 SC697190 c:RegisteredOffice 2023-05-01 2024-04-30 SC697190 d:PlantMachinery 2023-05-01 2024-04-30 SC697190 d:PlantMachinery 2024-04-30 SC697190 d:PlantMachinery 2023-04-30 SC697190 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC697190 d:MotorVehicles 2023-05-01 2024-04-30 SC697190 d:MotorVehicles 2024-04-30 SC697190 d:MotorVehicles 2023-04-30 SC697190 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC697190 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC697190 d:CurrentFinancialInstruments 2024-04-30 SC697190 d:CurrentFinancialInstruments 2023-04-30 SC697190 d:Non-currentFinancialInstruments 2024-04-30 SC697190 d:Non-currentFinancialInstruments 2023-04-30 SC697190 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC697190 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC697190 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC697190 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC697190 d:ShareCapital 2024-04-30 SC697190 d:ShareCapital 2023-04-30 SC697190 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC697190 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC697190 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC697190 c:OrdinaryShareClass1 2024-04-30 SC697190 c:OrdinaryShareClass1 2023-04-30 SC697190 c:FRS102 2023-05-01 2024-04-30 SC697190 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC697190 c:FullAccounts 2023-05-01 2024-04-30 SC697190 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC697190 2 2023-05-01 2024-04-30 SC697190 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC697190










TW STONEMASONS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
TW STONEMASONS LTD
 

COMPANY INFORMATION


Directors
Mr L Thow 
Mr M Wilson 
Ms V Bremner 




Registered number
SC697190



Registered office
22 Watters Crescent
Lochgelly

Fife

KY5 9LD




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
TW STONEMASONS LTD
REGISTERED NUMBER: SC697190

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
21,027
19,247

  
21,027
19,247

Current assets
  

Debtors: amounts falling due within one year
 5 
15,501
7,400

Cash at bank and in hand
  
2,450
82

  
17,951
7,482

Creditors: amounts falling due within one year
 6 
(26,257)
(16,661)

Net current liabilities
  
 
 
(8,306)
 
 
(9,179)

Total assets less current liabilities
  
12,721
10,068

Creditors: amounts falling due after more than one year
 7 
(4,430)
(7,492)

Provisions for liabilities
  

Deferred tax
  
(3,106)
(2,572)

  
 
 
(3,106)
 
 
(2,572)

Net assets
  
5,185
4


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
5,183
2

  
5,185
4

Page 1

 
TW STONEMASONS LTD
REGISTERED NUMBER: SC697190

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 27 January 2025.




Mr L Thow
Mr M Wilson
Director
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
TW STONEMASONS LTD
 

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

1.


General information

The Company is limited by shares and incorporated in Scotland with registration number SC697190. The registered office is 22 Watters Crescent, Lochgelly, Scotland, KY5 9LD.
The financial statements are presented in Sterling which is the functional currency of the Company and are 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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
TW STONEMASONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 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.


 
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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Motor vehicles
-
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.

Page 4

 
TW STONEMASONS LTD
 

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

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
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 3 (2023 - 3).

Page 5

 
TW STONEMASONS LTD
 

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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 May 2023
4,373
24,000
28,373


Additions
-
8,395
8,395



At 30 April 2024

4,373
32,395
36,768



Depreciation


At 1 May 2023
1,664
7,462
9,126


Charge for the year on owned assets
846
5,769
6,615



At 30 April 2024

2,510
13,231
15,741



Net book value



At 30 April 2024
1,863
19,164
21,027



At 30 April 2023
2,709
16,538
19,247


5.


Debtors

2024
2023
£
£


Trade debtors
15,501
7,400

15,501
7,400


Page 6

 
TW STONEMASONS LTD
 

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
7,457
7,349

Obligations under finance lease and hire purchase contracts
3,316
2,799

Other creditors
11,891
5,113

Accruals and deferred income
3,593
1,400

26,257
16,661


Obligations under finance lease and hire purchase contracts falling due within one year are secured over the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
4,430
7,492


Obligations under finance lease and hire purchase contracts falling due after more than one year are secured over the assets to which they relate.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



Page 7