Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-314No description of principal activity2023-11-01false5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC578215 2023-11-01 2024-10-31 SC578215 2022-11-01 2023-10-31 SC578215 2024-10-31 SC578215 2023-10-31 SC578215 c:Director1 2023-11-01 2024-10-31 SC578215 c:Director2 2023-11-01 2024-10-31 SC578215 c:RegisteredOffice 2023-11-01 2024-10-31 SC578215 d:MotorVehicles 2023-11-01 2024-10-31 SC578215 d:MotorVehicles 2024-10-31 SC578215 d:MotorVehicles 2023-10-31 SC578215 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC578215 d:FurnitureFittings 2023-11-01 2024-10-31 SC578215 d:FurnitureFittings 2024-10-31 SC578215 d:FurnitureFittings 2023-10-31 SC578215 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC578215 d:OfficeEquipment 2023-11-01 2024-10-31 SC578215 d:ComputerEquipment 2023-11-01 2024-10-31 SC578215 d:ComputerEquipment 2024-10-31 SC578215 d:ComputerEquipment 2023-10-31 SC578215 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC578215 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC578215 d:CurrentFinancialInstruments 2024-10-31 SC578215 d:CurrentFinancialInstruments 2023-10-31 SC578215 d:Non-currentFinancialInstruments 2024-10-31 SC578215 d:Non-currentFinancialInstruments 2023-10-31 SC578215 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC578215 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC578215 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC578215 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC578215 d:ShareCapital 2024-10-31 SC578215 d:ShareCapital 2023-10-31 SC578215 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC578215 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC578215 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC578215 c:OrdinaryShareClass1 2024-10-31 SC578215 c:OrdinaryShareClass1 2023-10-31 SC578215 c:FRS102 2023-11-01 2024-10-31 SC578215 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC578215 c:FullAccounts 2023-11-01 2024-10-31 SC578215 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC578215 d:WithinOneYear 2024-10-31 SC578215 d:WithinOneYear 2023-10-31 SC578215 d:BetweenOneFiveYears 2024-10-31 SC578215 d:BetweenOneFiveYears 2023-10-31 SC578215 2 2023-11-01 2024-10-31 SC578215 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC578215










ALAN JOHNSTONE STUDIOS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
ALAN JOHNSTONE STUDIOS LTD
 

COMPANY INFORMATION


Directors
Mr A Johnstone 
Mrs H Johnstone 




Registered number
SC578215



Registered office
153 Linburn Road
Dunfermline

Scotland

KY11 4FB




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ALAN JOHNSTONE STUDIOS LTD
REGISTERED NUMBER: SC578215

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
24,276
29,919

  
24,276
29,919

Current assets
  

Debtors: amounts falling due within one year
 5 
57,665
27,938

Cash at bank and in hand
  
374,601
389,287

  
432,266
417,225

Creditors: amounts falling due within one year
 6 
(191,552)
(139,661)

Net current assets
  
 
 
240,714
 
 
277,564

Total assets less current liabilities
  
264,990
307,483

Creditors: amounts falling due after more than one year
 7 
(5,834)
(23,910)

Provisions for liabilities
  

Deferred tax
  
(4,612)
(5,684)

  
 
 
(4,612)
 
 
(5,684)

Net assets
  
254,544
277,889


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
254,444
277,789

  
254,544
277,889


Page 1

 
ALAN JOHNSTONE STUDIOS LTD
REGISTERED NUMBER: SC578215

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 6 February 2025.




Mr A Johnstone
Mrs H Johnstone
Director
Director

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

Page 2

 
ALAN JOHNSTONE STUDIOS LTD
 

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

1.


General information

Alan Johnstone Studios Ltd is a private limited company, limited by shares, incorporated in Scotland with registration number SC578215.  The registered office is 153 Linburn Road, Dunfermline, Scotland, KY11 4FB.
The financial statements are presented in Sterling which is the functional currency of the Company and 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

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

Interest income

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

 
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

 
ALAN JOHNSTONE STUDIOS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance
Computer 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.

Page 4

 
ALAN JOHNSTONE STUDIOS LTD
 

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

2.Accounting policies (continued)

 
2.7

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 4 (2023 - 5).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
37,060
6,684
1,594
45,338


Additions
-
200
225
425



At 31 October 2024

37,060
6,884
1,819
45,763



Depreciation


At 1 November 2023
11,186
3,906
327
15,419


Charge for the year on owned assets
5,175
442
451
6,068



At 31 October 2024

16,361
4,348
778
21,487



Net book value



At 31 October 2024
20,699
2,536
1,041
24,276



At 31 October 2023
25,874
2,778
1,267
29,919


5.


Debtors

2024
2023
£
£


Trade debtors
51,293
18,541

Prepayments and accrued income
6,372
9,397

57,665
27,938


Page 5

 
ALAN JOHNSTONE STUDIOS LTD
 

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
28,178
14,483

Other taxation and social security
23,875
32,275

Net obligations under hire purchase contracts
8,076
8,251

Other creditors
99,059
70,083

Accruals and deferred income
22,364
4,569

191,552
139,661


Secured loans
Net obligations under hire purchase contracts are secured against the relevant assets. 


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,834
15,834

Net obligations under hire purchase contracts
-
8,076

5,834
23,910


Secured loans
Net obligations under hire purchase contracts are secured against the relevant assets. 


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 6

 
ALAN JOHNSTONE STUDIOS LTD
 

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

9.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
26,000
25,000

Later than 1 year and not later than 5 years
3,167
19,000

29,167
44,000


Page 7