Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falsetrue2023-06-01falseNo description of principal activity88falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC553227 2023-06-01 2024-05-31 SC553227 2022-06-01 2023-05-31 SC553227 2024-05-31 SC553227 2023-05-31 SC553227 c:Director2 2023-06-01 2024-05-31 SC553227 c:Director3 2023-06-01 2024-05-31 SC553227 c:RegisteredOffice 2023-06-01 2024-05-31 SC553227 d:PlantMachinery 2023-06-01 2024-05-31 SC553227 d:PlantMachinery 2024-05-31 SC553227 d:PlantMachinery 2023-05-31 SC553227 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC553227 d:MotorVehicles 2023-06-01 2024-05-31 SC553227 d:MotorVehicles 2024-05-31 SC553227 d:MotorVehicles 2023-05-31 SC553227 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC553227 d:FurnitureFittings 2023-06-01 2024-05-31 SC553227 d:FurnitureFittings 2024-05-31 SC553227 d:FurnitureFittings 2023-05-31 SC553227 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC553227 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC553227 d:CurrentFinancialInstruments 2024-05-31 SC553227 d:CurrentFinancialInstruments 2023-05-31 SC553227 d:Non-currentFinancialInstruments 2024-05-31 SC553227 d:Non-currentFinancialInstruments 2023-05-31 SC553227 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC553227 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC553227 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC553227 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC553227 d:ShareCapital 2024-05-31 SC553227 d:ShareCapital 2023-05-31 SC553227 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC553227 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC553227 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC553227 c:OrdinaryShareClass1 2024-05-31 SC553227 c:FRS102 2023-06-01 2024-05-31 SC553227 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC553227 c:FullAccounts 2023-06-01 2024-05-31 SC553227 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC553227 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC553227










DMMCARTHUR LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
DMMCARTHUR LTD
 

COMPANY INFORMATION


Directors
Mrs D Brash 
Mr K Brash 




Registered number
SC553227



Registered office
14 City Quay

Dundee

Scotland

DD1 3JA




Trading Address
8 Chapel Street

Aberdeen

Scotland

AB10 1SP






Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
DMMCARTHUR LTD
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 
DMMCARTHUR LTD
REGISTERED NUMBER: SC553227

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
£
£

Fixed assets
  

Tangible fixed assets
  
35,203
2,717

  
35,203
2,717

Current assets
  

Stocks
  
50,000
50,000

Debtors: amounts falling due within one year
 6 
37,099
15,038

Cash at bank and in hand
  
39,819
69,389

  
126,918
134,427

Creditors: amounts falling due within one year
 7 
(112,729)
(113,702)

Net current assets
  
 
 
14,189
 
 
20,725

Total assets less current liabilities
  
49,392
23,442

Creditors: amounts falling due after more than one year
 8 
(15,841)
-

Provisions for liabilities
  

Deferred tax
  
(8,801)
(679)

  
 
 
(8,801)
 
 
(679)

Net assets
  
24,750
22,763


Capital and reserves
  

Called up share capital 
 9 
218
218

Profit and loss account
  
24,532
22,545

  
24,750
22,763


Page 1

 
DMMCARTHUR LTD
REGISTERED NUMBER: SC553227

STATEMENT OF FINANCIAL POSITION (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 period 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.




Mrs D Brash
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DMMCARTHUR LTD
 

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

1.


General information

DMMcarthur Ltd is a private company, limited by shares, domiciled in Scotland with registration number SC553227. The registered office is 14 City Quay, Dundee, Scotland, DD1 3JA. The trading address is 8 Chapel Street, Aberdeen, AB10 1SP.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
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

 
DMMCARTHUR LTD
 

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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period 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.


Page 4

 
DMMCARTHUR LTD
 

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

2.Accounting policies (continued)

 
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, as follows.

Depreciation is provided at the following rate:

Plant and machinery
-
10%
Straight-line
Motor vehicles
-
20%
Reducing balance
Fixtures and fittings
-
20%
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.

 
2.7

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 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.

 
2.8

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 period was 8 (2023 - 8).

Page 5

 
DMMCARTHUR LTD
 

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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 June 2023
599
-
3,895
4,494


Additions
437
40,770
-
41,207



At 31 May 2024

1,036
40,770
3,895
45,701



Depreciation


At 1 June 2023
360
-
1,417
1,777


Charge for the period on owned assets
71
8,154
496
8,721



At 31 May 2024

431
8,154
1,913
10,498



Net book value



At 31 May 2024
605
32,616
1,982
35,203



At 31 May 2023
239
-
2,478
2,717

Page 6

 
DMMCARTHUR LTD
 

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

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
50,000
50,000

50,000
50,000



6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
28,737
8,140

Other debtors
-
3,162

Prepayments and accrued income
8,362
3,736

37,099
15,038



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
34,263
23,985

Amounts owed to group undertakings
24,978
33,489

Other taxation and social security
40,041
42,435

Obligations under finance lease and hire purchase contracts
9,236
-

Other creditors
1,510
7,269

Accruals and deferred income
2,701
6,524

112,729
113,702


Obligations under hire purchase contracts are secured over the assets to which they relate.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
15,841
-

15,841
-


Obligations under hire purchase contracts are secured over the assets to which they relate.

Page 7

 
DMMCARTHUR LTD
 

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

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



218 (2023 - 218) Ordinary shares of £1.00 each
218
218



Page 8