Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312false2023-06-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC201309 2023-06-01 2024-05-31 SC201309 2022-06-01 2023-05-31 SC201309 2024-05-31 SC201309 2023-05-31 SC201309 c:CompanySecretary1 2023-06-01 2024-05-31 SC201309 c:Director1 2023-06-01 2024-05-31 SC201309 c:Director3 2023-06-01 2024-05-31 SC201309 c:RegisteredOffice 2023-06-01 2024-05-31 SC201309 d:Buildings 2023-06-01 2024-05-31 SC201309 d:Buildings 2024-05-31 SC201309 d:Buildings 2023-05-31 SC201309 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC201309 d:PlantMachinery 2023-06-01 2024-05-31 SC201309 d:PlantMachinery 2024-05-31 SC201309 d:PlantMachinery 2023-05-31 SC201309 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC201309 d:MotorVehicles 2023-06-01 2024-05-31 SC201309 d:MotorVehicles 2024-05-31 SC201309 d:MotorVehicles 2023-05-31 SC201309 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC201309 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC201309 d:CurrentFinancialInstruments 2024-05-31 SC201309 d:CurrentFinancialInstruments 2023-05-31 SC201309 d:Non-currentFinancialInstruments 2024-05-31 SC201309 d:Non-currentFinancialInstruments 2023-05-31 SC201309 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC201309 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC201309 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC201309 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC201309 d:ShareCapital 2024-05-31 SC201309 d:ShareCapital 2023-05-31 SC201309 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC201309 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC201309 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC201309 c:OrdinaryShareClass1 2024-05-31 SC201309 c:OrdinaryShareClass1 2023-05-31 SC201309 c:FRS102 2023-06-01 2024-05-31 SC201309 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC201309 c:FullAccounts 2023-06-01 2024-05-31 SC201309 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC201309 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC201309










W G TROUP LIMITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
W G TROUP LIMITED
 

COMPANY INFORMATION


DIRECTORS
W G Troup 
G G Troup 




COMPANY SECRETARY
Burnett & Reid, Solicitors



REGISTERED NUMBER
SC201309



REGISTERED OFFICE
Suite A, Ground Floor
9 Queens Road

Aberdeen

AB15 4YL




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
W G TROUP LIMITED
REGISTERED NUMBER:SC201309

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
659,652
649,513

  
659,652
649,513

CURRENT ASSETS
  

Stocks
  
38,457
42,613

Debtors: amounts falling due within one year
 5 
165,687
158,031

Cash at bank and in hand
  
10,210
46,956

  
214,354
247,600

Creditors: amounts falling due within one year
 6 
(15,623)
(21,938)

NET CURRENT ASSETS
  
 
 
198,731
 
 
225,662

TOTAL ASSETS LESS CURRENT LIABILITIES
  
858,383
875,175

Creditors: amounts falling due after more than one year
 7 
(20,686)
(11,318)

  

NET ASSETS
  
837,697
863,857


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1,285,000
1,285,000

Profit and loss account
  
(447,303)
(421,143)

  
837,697
863,857


Page 1

 
W G TROUP LIMITED
REGISTERED NUMBER:SC201309

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 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 25 February 2025.




G G Troup
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
W G TROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

W G Troup Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC201309.  The registered office is Suite A, Ground Floor, 9 Queens Road, Aberdeen, Aberdeenshire, AB15 4YL. The trading address is Shaggart Farm, Sauchen, Inverurie, AB51 7LL. 

The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearset £.

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.

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

 
W G TROUP LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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 on the following basis:

Heritable property
-
2.00%
straight line method
Plant & machinery
-
12.50%
reducing balance method
Motor vehicles
-
25.00%
reducing balance method

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.

 
2.4

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.

  
2.5

AGRICULTURAL SUPPORT SCHEMES

iIncome from Basic Payment Scheme is not recognised until 31 December of the relevant scheme year, when all conditions of the scheme have been complied with.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
W G TROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


TANGIBLE FIXED ASSETS





Heritable property
Plant & machinery
Motor vehicles
Total

£
£
£
£



COST OR VALUATION


At 1 June 2023
658,600
139,706
33,747
832,053


Additions
-
43,000
-
43,000


Disposals
-
(24,000)
(8,500)
(32,500)



At 31 May 2024

658,600
158,706
25,247
842,553



DEPRECIATION


At 1 June 2023
86,696
80,301
15,543
182,540


Charge for the year on owned assets
5,883
11,456
4,484
21,823


Disposals
-
(13,230)
(8,232)
(21,462)



At 31 May 2024

92,579
78,527
11,795
182,901



NET BOOK VALUE



At 31 May 2024
566,021
80,179
13,452
659,652



At 31 May 2023
571,904
59,405
18,204
649,513


5.


DEBTORS

2024
2023
£
£


Other debtors
165,687
158,031

165,687
158,031



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
1,802
2,054

Other taxation and social security
-
2,167

Obligations under finance lease and hire purchase contracts
8,601
9,887

Accruals and deferred income
5,220
7,830

15,623
21,938


Page 5

 
W G TROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
20,686
11,318

20,686
11,318



8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,285,000 (2023 - 1,285,000) ordinary shares of £1.00 each
1,285,000
1,285,000



9.


DIRECTORS' LOANS: ADVANCES AND GUARANTEES

Included within Other Debtors is a loan to the directors totalling £125,206 (2023 - £125,206). The loan is interest free and repayable on demand.


Page 6