Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3144falsefalsetrue2023-06-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04305973 2023-06-01 2024-05-31 04305973 2022-06-01 2023-05-31 04305973 2024-05-31 04305973 2023-05-31 04305973 c:Director1 2023-06-01 2024-05-31 04305973 d:CurrentFinancialInstruments 2024-05-31 04305973 d:CurrentFinancialInstruments 2023-05-31 04305973 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04305973 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04305973 d:RetainedEarningsAccumulatedLosses 2024-05-31 04305973 d:RetainedEarningsAccumulatedLosses 2023-05-31 04305973 c:FRS102 2023-06-01 2024-05-31 04305973 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04305973 c:FullAccounts 2023-06-01 2024-05-31 04305973 c:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 04305973 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 04305973










QUALITY TROUT UK LIMITED
(A Company Limited by Guarantee)








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
QUALITY TROUT UK LIMITED
 
(A Company Limited by Guarantee)
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF QUALITY TROUT UK LIMITED
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quality Trout UK Limited for the year ended 31 May 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Quality Trout UK Limited, as a body, in accordance with the terms of our engagement letter dated 30 March 2020Our work has been undertaken solely to prepare for your approval the financial statements of Quality Trout UK Limited and state those matters that we have agreed to state to the Board of Directors of Quality Trout UK Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quality Trout UK Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Quality Trout UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Quality Trout UK Limited. You consider that Quality Trout UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Quality Trout UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fletcher & Partners
 
Crown Chambers
Bridge Street
Salisbury
Wiltshire
SP1 2LZ
6 February 2025
Page 1

 
QUALITY TROUT UK LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04305973

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
410
1,206

Cash at bank and in hand
 5 
37,927
36,275

  
38,337
37,481

Creditors: amounts falling due within one year
 6 
(1,368)
(563)

Net current assets
  
 
 
36,969
 
 
36,918

Total assets less current liabilities
  
36,969
36,918

  

Net assets
  
36,969
36,918


Capital and reserves
  

Profit and loss account
  
36,969
36,918

  
36,969
36,918


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 profit and loss account 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 4 February 2025.




Oliver Stuart Thomas Robinson
Director

Page 2

 
QUALITY TROUT UK LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04305973
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
QUALITY TROUT UK LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Quality Trout UK Limited is incorporated in the UK (registered number 04305973). Its registered office is 2 Enterprise House, Cherry Orchard Lane, Salisbury, Wiltshire. Its functional currency is £ sterling.

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

Revenue

Revenue 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. Revenue 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:

Rendering of services

Revenue 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 revenue 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

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
QUALITY TROUT UK LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Debtors

2024
2023
£
£


Other debtors
74
870

Prepayments and accrued income
336
336

410
1,206



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
37,927
36,275

37,927
36,275



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
242
-

Accruals and deferred income
1,126
563

1,368
563




7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

Page 5