Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity3940truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC291068 2023-07-01 2024-06-30 SC291068 2022-07-01 2023-06-30 SC291068 2024-06-30 SC291068 2023-06-30 SC291068 c:CompanySecretary1 2023-07-01 2024-06-30 SC291068 c:Director1 2023-07-01 2024-06-30 SC291068 c:Director3 2023-07-01 2024-06-30 SC291068 c:RegisteredOffice 2023-07-01 2024-06-30 SC291068 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 SC291068 d:Buildings d:ShortLeaseholdAssets 2024-06-30 SC291068 d:Buildings d:ShortLeaseholdAssets 2023-06-30 SC291068 d:PlantMachinery 2023-07-01 2024-06-30 SC291068 d:PlantMachinery 2024-06-30 SC291068 d:PlantMachinery 2023-06-30 SC291068 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC291068 d:MotorVehicles 2023-07-01 2024-06-30 SC291068 d:MotorVehicles 2024-06-30 SC291068 d:MotorVehicles 2023-06-30 SC291068 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC291068 d:FurnitureFittings 2023-07-01 2024-06-30 SC291068 d:FurnitureFittings 2024-06-30 SC291068 d:FurnitureFittings 2023-06-30 SC291068 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC291068 d:OfficeEquipment 2023-07-01 2024-06-30 SC291068 d:OfficeEquipment 2024-06-30 SC291068 d:OfficeEquipment 2023-06-30 SC291068 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC291068 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC291068 d:CurrentFinancialInstruments 2024-06-30 SC291068 d:CurrentFinancialInstruments 2023-06-30 SC291068 d:Non-currentFinancialInstruments 2024-06-30 SC291068 d:Non-currentFinancialInstruments 2023-06-30 SC291068 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC291068 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC291068 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 SC291068 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 SC291068 d:ShareCapital 2024-06-30 SC291068 d:ShareCapital 2023-06-30 SC291068 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC291068 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC291068 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC291068 c:OrdinaryShareClass1 2024-06-30 SC291068 c:OrdinaryShareClass1 2023-06-30 SC291068 c:FRS102 2023-07-01 2024-06-30 SC291068 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC291068 c:FullAccounts 2023-07-01 2024-06-30 SC291068 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC291068 2 2023-07-01 2024-06-30 SC291068 6 2023-07-01 2024-06-30 SC291068 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC291068










RGS FORFAR LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
RGS FORFAR LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr R G Skea 
Mrs E J Skea 




COMPANY SECRETARY
Mrs E J Skea



REGISTERED NUMBER
SC291068



REGISTERED OFFICE
Dykehead Cottage
Burnside

Forfar

Angus

DD8 2RY




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
RGS FORFAR LIMITED
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RGS FORFAR LIMITED
FOR THE YEAR ENDED 30 JUNE 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 RGS Forfar Limited for the year ended 30 June 2024 which comprise  the Statement of financial position 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 of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of directors of RGS Forfar Limited, as a body, in accordance with the terms of our engagement letter dated 16 May 2018Our work has been undertaken solely to prepare for your approval the financial statements of RGS Forfar Limited and state those matters that we have agreed to state to the Board of directors of RGS Forfar Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RGS Forfar Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that RGS Forfar 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 RGS Forfar Limited. You consider that RGS Forfar 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 RGS Forfar 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.

  



EQ Accountants Limited
 
Chartered Accountants
  
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
19 February 2025
Page 1

 
RGS FORFAR LIMITED
REGISTERED NUMBER: SC291068

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
679,797
712,913

Investments
 5 
100
100

  
679,897
713,013

CURRENT ASSETS
  

Stocks
  
2,334,520
2,866,321

Debtors: amounts falling due within one year
 6 
2,117,198
1,927,025

Cash at bank and in hand
  
2,162
949

  
4,453,880
4,794,295

Creditors: amounts falling due within one year
 7 
(1,826,755)
(3,608,299)

NET CURRENT ASSETS
  
 
 
2,627,125
 
 
1,185,996

TOTAL ASSETS LESS CURRENT LIABILITIES
  
3,307,022
1,899,009

Creditors: amounts falling due after more than one year
 8 
(1,850,290)
(548,240)

PROVISIONS FOR LIABILITIES
  

Other provisions
  
(123)
(123)

  
 
 
(123)
 
 
(123)

NET ASSETS
  
1,456,609
1,350,646


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
1,456,509
1,350,546

  
1,456,609
1,350,646


Page 2

 
RGS FORFAR LIMITED
REGISTERED NUMBER: SC291068

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 19 February 2025.




Mr R G Skea
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
RGS FORFAR LIMITED
 

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

1.


GENERAL INFORMATION

RGS Forfar Limited is a company limited by shares and was incorporated in Scotland.  The company number is SC291068 and its principal place of business is East Mains of Burnside, Forfar, Angus DD8 2RX.

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:

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.

 
2.3

INTEREST INCOME

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

 
2.4

TAXATION

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.


Page 4

 
RGS FORFAR LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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:

Property Improvements
-
2%
straight line
Plant and Machinery
-
20%
Motor Vehicles
-
25%
Fixtures and Fittings
-
20%
Office Equipment
-
20%

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.

 
2.6

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 39 (2023 - 40).

Page 5

 
RGS FORFAR LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Property improvements
Plant and Machinery
Motor Vehicles
Fixtures & Fittings
Office Equipment

£
£
£
£
£



COST OR VALUATION


At 1 July 2023
368,011
569,903
318,695
14,977
115,636


Additions
-
14,454
-
-
1,297


Disposals
-
-
(66,507)
-
-



At 30 June 2024

368,011
584,357
252,188
14,977
116,933



DEPRECIATION


At 1 July 2023
29,136
379,528
169,183
13,641
82,821


Charge for the year on owned assets
7,353
6,419
2,265
268
6,822


Disposals
-
-
(40,767)
-
-



At 30 June 2024

36,489
385,947
130,681
13,909
89,643



NET BOOK VALUE



At 30 June 2024
331,522
198,410
121,507
1,068
27,290



At 30 June 2023
338,875
190,375
149,512
1,336
32,815
Page 6

 
RGS FORFAR LIMITED
 

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

           4.TANGIBLE FIXED ASSETS (CONTINUED)


Total

£



COST OR VALUATION


At 1 July 2023
1,387,222


Additions
15,751


Disposals
(66,507)



At 30 June 2024

1,336,466



DEPRECIATION


At 1 July 2023
674,309


Charge for the year on owned assets
23,127


Disposals
(40,767)



At 30 June 2024

656,669



NET BOOK VALUE



At 30 June 2024
679,797



At 30 June 2023
712,913


5.


FIXED ASSET INVESTMENTS





Investments in Subsidiary Companies

£



COST OR VALUATION


At 1 July 2023
100



At 30 June 2024
100






NET BOOK VALUE



At 30 June 2024
100



At 30 June 2023
100

Page 7

 
RGS FORFAR LIMITED
 

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

6.


DEBTORS

2024
2023
£
£


Trade debtors
1,494,368
1,687,259

Other debtors
600,198
195,733

Prepayments and accrued income
22,632
44,033

2,117,198
1,927,025



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
413,734
1,712,530

Bank loans
25,510
101,786

Trade creditors
732,329
1,097,843

Other taxation and social security
396,527
406,893

Obligations under finance lease and hire purchase contracts
34,085
56,113

Other creditors
216,992
225,429

Accruals and deferred income
7,578
7,705

1,826,755
3,608,299



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
1,838,819
501,690

Net obligations under finance leases and hire purchase contracts
11,471
46,550

1,850,290
548,240


The bank loans are secured over the assets of the company.  


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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



Page 8