Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31trueNo description of principal activity2023-06-01false66falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC088985 2023-06-01 2024-05-31 SC088985 2022-06-01 2023-05-31 SC088985 2024-05-31 SC088985 2023-05-31 SC088985 c:CompanySecretary1 2023-06-01 2024-05-31 SC088985 c:Director1 2023-06-01 2024-05-31 SC088985 c:Director2 2023-06-01 2024-05-31 SC088985 c:RegisteredOffice 2023-06-01 2024-05-31 SC088985 d:Buildings 2023-06-01 2024-05-31 SC088985 d:Buildings 2024-05-31 SC088985 d:Buildings 2023-05-31 SC088985 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC088985 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 SC088985 d:Buildings d:LongLeaseholdAssets 2024-05-31 SC088985 d:Buildings d:LongLeaseholdAssets 2023-05-31 SC088985 d:PlantMachinery 2023-06-01 2024-05-31 SC088985 d:PlantMachinery 2024-05-31 SC088985 d:PlantMachinery 2023-05-31 SC088985 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC088985 d:MotorVehicles 2023-06-01 2024-05-31 SC088985 d:MotorVehicles 2024-05-31 SC088985 d:MotorVehicles 2023-05-31 SC088985 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC088985 d:OfficeEquipment 2023-06-01 2024-05-31 SC088985 d:OfficeEquipment 2024-05-31 SC088985 d:OfficeEquipment 2023-05-31 SC088985 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC088985 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC088985 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-01 2024-05-31 SC088985 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-05-31 SC088985 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-05-31 SC088985 d:CurrentFinancialInstruments 2024-05-31 SC088985 d:CurrentFinancialInstruments 2023-05-31 SC088985 d:Non-currentFinancialInstruments 2024-05-31 SC088985 d:Non-currentFinancialInstruments 2023-05-31 SC088985 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC088985 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC088985 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC088985 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC088985 d:ShareCapital 2024-05-31 SC088985 d:ShareCapital 2023-05-31 SC088985 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC088985 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC088985 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC088985 c:OrdinaryShareClass1 2024-05-31 SC088985 c:OrdinaryShareClass1 2023-05-31 SC088985 c:OrdinaryShareClass2 2023-06-01 2024-05-31 SC088985 c:OrdinaryShareClass2 2024-05-31 SC088985 c:OrdinaryShareClass2 2023-05-31 SC088985 c:OrdinaryShareClass3 2023-06-01 2024-05-31 SC088985 c:OrdinaryShareClass3 2024-05-31 SC088985 c:OrdinaryShareClass3 2023-05-31 SC088985 c:OrdinaryShareClass4 2023-06-01 2024-05-31 SC088985 c:OrdinaryShareClass4 2024-05-31 SC088985 c:OrdinaryShareClass4 2023-05-31 SC088985 c:FRS102 2023-06-01 2024-05-31 SC088985 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC088985 c:FullAccounts 2023-06-01 2024-05-31 SC088985 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC088985 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-06-01 2024-05-31 SC088985 2 2024-05-31 SC088985 2 2023-05-31 SC088985 f:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC088985










PATRICK D DICKSON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
PATRICK D DICKSON LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr P D Dickson 
Mrs L Dickson 




COMPANY SECRETARY
Mrs H J Shand



REGISTERED NUMBER
SC088985



REGISTERED OFFICE
Dounepark
Banff

Banffshire

AB45 3QP




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
PATRICK D DICKSON LIMITED
REGISTERED NUMBER: SC088985

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
£
£

FIXED ASSETS
  

Intangible assets
 4 
165
687

Tangible assets
 5 
6,657,993
6,081,854

Investments
 6 
1,000
1,000

  
6,659,158
6,083,541

CURRENT ASSETS
  

Stocks
  
465,433
576,993

Debtors: amounts falling due within one year
 7 
783,677
819,502

Cash at bank and in hand
  
959,664
245,950

  
2,208,774
1,642,445

Creditors: amounts falling due within one year
 8 
(1,485,085)
(1,110,465)

NET CURRENT ASSETS
  
 
 
723,689
 
 
531,980

TOTAL ASSETS LESS CURRENT LIABILITIES
  
7,382,847
6,615,521

Creditors: amounts falling due after more than one year
 9 
(1,528,332)
(2,250,313)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(880,340)
(766,769)

  
 
 
(880,340)
 
 
(766,769)

NET ASSETS
  
4,974,175
3,598,439


CAPITAL AND RESERVES
  

Called up share capital 
  
120,000
120,000

Profit and loss account
  
4,854,175
3,478,439

  
4,974,175
3,598,439


Page 1

 
PATRICK D DICKSON LIMITED
REGISTERED NUMBER: SC088985

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 P D Dickson
Mrs L Dickson
Director
Director

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

Page 2

 
PATRICK D DICKSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

Patrick D Dickson Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC088985. The trading and registered office address of the company is Dounepark, Banff, Banffshire, AB45 3QP.
The Company's functional and presentational currency is GBP.

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 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

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.

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.

Page 3

 
PATRICK D DICKSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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.

 
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 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.

 
2.5

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.

 
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.

Page 4

 
PATRICK D DICKSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.6
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance method..

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Property improvements
-
4%
straight line
Plant and machinery
-
13%
reducing balance
Motor vehicles
-
20%
reducing balance
Office equipment
-
25%
straight line

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

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

 
2.8

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 Balance sheet 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.

Page 5

 
PATRICK D DICKSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


EMPLOYEES

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







.
6
6


4.


INTANGIBLE ASSETS




Entitlements

£



COST


At 1 June 2023
24,534


Disposals
(530)



At 31 May 2024

24,004



AMORTISATION


At 1 June 2023
23,847


Charge for the year on owned assets
198


On disposals
(206)



At 31 May 2024

23,839



NET BOOK VALUE



At 31 May 2024
165



At 31 May 2023
687



Page 6

 
PATRICK D DICKSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


TANGIBLE FIXED ASSETS





Land and buildings
Property improvements
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£
£



COST OR VALUATION


At 1 June 2023
2,334,747
1,377,627
5,356,444
59,489
3,945
9,132,252


Additions
-
11,067
1,000,841
51,944
-
1,063,852


Disposals
-
-
(356,168)
(25,155)
(3,945)
(385,268)



At 31 May 2024

2,334,747
1,388,694
6,001,117
86,278
-
9,810,836



DEPRECIATION


At 1 June 2023
41,091
490,172
2,472,960
44,560
1,615
3,050,398


Charge for the year on owned assets
-
55,544
374,763
11,781
-
442,088


Disposals
-
-
(320,841)
(17,187)
(1,615)
(339,643)



At 31 May 2024

41,091
545,716
2,526,882
39,154
-
3,152,843



NET BOOK VALUE



At 31 May 2024
2,293,656
842,978
3,474,235
47,124
-
6,657,993



At 31 May 2023
2,293,656
887,455
2,883,484
14,929
2,330
6,081,854


6.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 June 2023
1,000



At 31 May 2024

1,000






NET BOOK VALUE



At 31 May 2024
1,000



At 31 May 2023
1,000

Page 7

 
PATRICK D DICKSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


DEBTORS

2024
2023
£
£


Trade debtors
390,230
602,947

Other debtors
232,084
68,576

Prepayments and accrued income
161,363
147,979

783,677
819,502



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
455,176
337,584

Trade creditors
80,518
362,597

Other taxation and social security
369,790
217,930

Obligations under finance lease and hire purchase contracts
553,282
162,574

Other creditors
7,202
8,047

Accruals and deferred income
19,117
21,733

1,485,085
1,110,465


The bank loans are secured by a bond and floating charge over the assets of the company.
The hire purchase creditors are secured against the respective underlying asset.


9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
1,175,166
2,169,198

Net obligations under finance leases and hire purchase contracts
353,166
81,115

1,528,332
2,250,313


The bank loans are secured by a bond and floating charge over the assets of the company.
The hire purchase creditors are secured against the respective underlying asset.

Page 8

 
PATRICK D DICKSON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



90,000 (2023 -90,000) Ordinary shares of £1.00 each
90,000
90,000
10,000 (2023 -10,000) Ordinary A shares of £1.00 each
10,000
10,000
10,000 (2023 -10,000) Ordinary B shares of £1.00 each
10,000
10,000
10,000 (2023 -10,000) Ordinary C shares of £1.00 each
10,000
10,000

120,000

120,000



Page 9