Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity2127truetruefalse SC433649 2023-05-01 2024-04-30 SC433649 2022-05-01 2023-04-30 SC433649 2024-04-30 SC433649 2023-04-30 SC433649 c:Director1 2023-05-01 2024-04-30 SC433649 c:Director2 2023-05-01 2024-04-30 SC433649 c:Director2 2024-04-30 SC433649 c:Director3 2023-05-01 2024-04-30 SC433649 c:Director3 2024-04-30 SC433649 c:Director4 2023-05-01 2024-04-30 SC433649 c:Director4 2024-04-30 SC433649 c:RegisteredOffice 2023-05-01 2024-04-30 SC433649 c:Agent1 2023-05-01 2024-04-30 SC433649 d:MotorVehicles 2023-05-01 2024-04-30 SC433649 d:MotorVehicles 2024-04-30 SC433649 d:MotorVehicles 2023-04-30 SC433649 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC433649 d:FurnitureFittings 2023-05-01 2024-04-30 SC433649 d:FurnitureFittings 2024-04-30 SC433649 d:FurnitureFittings 2023-04-30 SC433649 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC433649 d:OfficeEquipment 2023-05-01 2024-04-30 SC433649 d:OfficeEquipment 2024-04-30 SC433649 d:OfficeEquipment 2023-04-30 SC433649 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC433649 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC433649 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 SC433649 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 SC433649 d:Goodwill 2024-04-30 SC433649 d:Goodwill 2023-04-30 SC433649 d:CurrentFinancialInstruments 2024-04-30 SC433649 d:CurrentFinancialInstruments 2023-04-30 SC433649 d:Non-currentFinancialInstruments 2024-04-30 SC433649 d:Non-currentFinancialInstruments 2023-04-30 SC433649 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC433649 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC433649 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC433649 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC433649 d:ShareCapital 2024-04-30 SC433649 d:ShareCapital 2023-04-30 SC433649 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC433649 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC433649 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC433649 c:OrdinaryShareClass1 2024-04-30 SC433649 c:FRS102 2023-05-01 2024-04-30 SC433649 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC433649 c:FullAccounts 2023-05-01 2024-04-30 SC433649 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC433649 2 2023-05-01 2024-04-30 SC433649 6 2023-05-01 2024-04-30 SC433649 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 SC433649 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-05-01 2024-04-30 SC433649 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC433649










WEE BLUE COO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
WEE BLUE COO LIMITED
 

COMPANY INFORMATION


Directors
Mr R Kirkpatrick 
Mr K T P M Smith (appointed 7 November 2024)
Mr T G Dimond (appointed 7 November 2024)
Mrs J Kirkpatrick (resigned 31 December 2023)




Registered number
SC433649



Registered office
17-21 Assembly Street

Edinburgh

EH6 7BQ




Bankers
The Royal Bank of Scotland
30 Nicolson Street

Edinburgh

EH8 9DL





 
WEE BLUE COO LIMITED
REGISTERED NUMBER: SC433649

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
                                                                       
£
£

Fixed assets
  

Intangible assets
 4 
304
600

Tangible assets
 5 
26,085
34,208

Fixed asset investments
  
600,000
600,000

  
626,389
634,808

Current assets
  

Stocks
  
38,700
65,575

Debtors: amounts falling due within one year
 7 
140,125
111,809

Cash at bank and in hand
  
15,003
11,725

  
193,828
189,109

Creditors: amounts falling due within one year
 8 
(689,991)
(627,456)

Net current liabilities
  
 
 
(496,163)
 
 
(438,347)

Total assets less current liabilities
  
130,226
196,461

Creditors: amounts falling due after more than one year
 9 
(29,948)
(34,863)

Provisions for liabilities
  

Deferred tax
  
-
(8,552)

Other provisions
  
(17,218)
(18,415)

  
 
 
(17,218)
 
 
(26,967)

Net assets
  
83,060
134,631


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
82,960
134,531

  
83,060
134,631


Page 1

 
WEE BLUE COO LIMITED
REGISTERED NUMBER: SC433649

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 28 January 2025.




Mr R Kirkpatrick
Director

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

Page 2

 
WEE BLUE COO LIMITED
 

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

1.


General information

Wee Blue Coo Limited is a private company, limited by shares, domiciled in Scotland with registration number SC433649. The registered office is 17-21 Assemblyt Street, Edinburgh, Scotland, EH6 7BQ. 

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

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.

 
2.3

Turnover

Turnover 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. 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 revenue 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 revenue 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.

Page 3

 
WEE BLUE COO LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

During the comparative year the business was in receipt of the following grants in relation to the Covid-19 pandemic:
Coronavirus Job Retention Scheme (CJRS) which is recognised when receivable.
Bounce Back Loan Scheme (BBLS) which is recognised when received.
Scottish Business Resilience Centre grant (SBRC) which is recognised when receivable.

 
2.6

Interest income

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

 
2.7

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 4

 
WEE BLUE COO LIMITED
 

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

2.Accounting policies (continued)

 
2.8

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 income 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.

 
2.9

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 5

 
WEE BLUE COO LIMITED
 

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

2.Accounting policies (continued)

 
2.10

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:

Motor vehicles
-
25.00% Reducing Balance
Fixtures and fittings
-
20.00% Reducing Balance
Office equipment
-
33.33% 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.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.13

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 21 (2023 - 27).

Page 6

 
WEE BLUE COO LIMITED
 

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

4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 May 2023
6,632
5,000
11,632



At 30 April 2024

6,632
5,000
11,632



Amortisation


At 1 May 2023
6,032
5,000
11,032


Charge for the year on owned assets
296
-
296



At 30 April 2024

6,328
5,000
11,328



Net book value



At 30 April 2024
304
-
304



At 30 April 2023
600
-
600




5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
18,245
45,415
21,612
85,272



At 30 April 2024

18,245
45,415
21,612
85,272



Depreciation


At 1 May 2023
10,548
25,646
14,870
51,064


Charge for the year on owned assets
1,924
3,954
2,245
8,123



At 30 April 2024

12,472
29,600
17,115
59,187



Net book value



At 30 April 2024
5,773
15,815
4,497
26,085



At 30 April 2023
7,697
19,769
6,742
34,208

Page 7

 
WEE BLUE COO LIMITED
 

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

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
600,000



At 30 April 2024
600,000





7.


Debtors

2024
2023
£
£


Trade debtors
30,674
19,290

Other debtors
20,447
20,290

Prepayments and accrued income
89,004
72,229

140,125
111,809



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
39,129
43,666

Trade creditors
119,662
105,004

Other taxation and social security
68,374
84,029

Other creditors
456,644
383,592

Accruals and deferred income
6,182
11,165

689,991
627,456


The bank loan is secured by way of personal guarantee and indemnity from the director, Robert Kirkpatrick.

Page 8

 
WEE BLUE COO LIMITED
 

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

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
29,948
34,863

29,948
34,863


The bank loan is secured by way of personal guarantee and indemnity from the director, Robert Kirkpatrick.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



11.


Transactions with directors

At the year end, a balance was due to the directors from the company of £1,388 (2022 - £109,760 due to the company).


Page 9