Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-08-01falseNo description of principal activity1517truefalse SC477975 2023-08-01 2024-07-31 SC477975 2022-08-01 2023-07-31 SC477975 2024-07-31 SC477975 2023-07-31 SC477975 c:CompanySecretary1 2023-08-01 2024-07-31 SC477975 c:Director1 2023-08-01 2024-07-31 SC477975 c:Director3 2023-08-01 2024-07-31 SC477975 c:RegisteredOffice 2023-08-01 2024-07-31 SC477975 d:MotorVehicles 2023-08-01 2024-07-31 SC477975 d:MotorVehicles 2024-07-31 SC477975 d:MotorVehicles 2023-07-31 SC477975 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC477975 d:FurnitureFittings 2023-08-01 2024-07-31 SC477975 d:FurnitureFittings 2024-07-31 SC477975 d:FurnitureFittings 2023-07-31 SC477975 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC477975 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC477975 d:CurrentFinancialInstruments 2024-07-31 SC477975 d:CurrentFinancialInstruments 2023-07-31 SC477975 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC477975 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC477975 d:ShareCapital 2024-07-31 SC477975 d:ShareCapital 2023-07-31 SC477975 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC477975 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC477975 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC477975 c:OrdinaryShareClass1 2024-07-31 SC477975 c:OrdinaryShareClass1 2023-07-31 SC477975 c:FRS102 2023-08-01 2024-07-31 SC477975 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC477975 c:FullAccounts 2023-08-01 2024-07-31 SC477975 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC477975 6 2023-08-01 2024-07-31 SC477975 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC477975










CLUNY ACTIVITIES TRADING LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
CLUNY ACTIVITIES TRADING LTD
 

COMPANY INFORMATION


DIRECTORS
Mr A C Shedden 
Mrs H Shedden 




COMPANY SECRETARY
Mrs H Shedden



REGISTERED NUMBER
SC477975



REGISTERED OFFICE
Cluny Activities

Cluny

Fife

KY2 6QU




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
CLUNY ACTIVITIES TRADING LTD
REGISTERED NUMBER:SC477975

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
423,900
200,345

Investments
 5 
1,025
1,025

  
424,925
201,370

Current assets
  

Stocks
  
30,185
32,591

Debtors: amounts falling due within one year
 6 
21,221
31,923

Cash at bank and in hand
  
270,692
342,996

  
322,098
407,510

Creditors: amounts falling due within one year
 7 
(465,953)
(446,294)

Net current liabilities
  
 
 
(143,855)
 
 
(38,784)

Total assets less current liabilities
  
281,070
162,586

Provisions for liabilities
  

Deferred tax
  
(78,866)
(46,303)

  
 
 
(78,866)
 
 
(46,303)

Net assets
  
202,204
116,283


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
202,203
116,282

  
202,204
116,283


Page 1

 
CLUNY ACTIVITIES TRADING LTD
REGISTERED NUMBER:SC477975

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 by: 




Mr A C Shedden
Mrs H Shedden
Director
Director


Date: 5 March 2025

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

Page 2

 
CLUNY ACTIVITIES TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Cluny Activities Trading Ltd is limited by shares and incorporated in Scotland. The address of the registered office is Cluny Activities, Cluny, Fife, Scotland, KY2 6QU. 
The financial statements are presented in sterling which is the functional currency of the company
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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
CLUNY ACTIVITIES TRADING LTD
 

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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

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 4

 
CLUNY ACTIVITIES TRADING LTD
 

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20% - 33%
Fixtures and fittings
-
10% - 33%

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.

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 5

 
CLUNY ACTIVITIES TRADING LTD
 

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

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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 15 (2023 - 17).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
133,697
301,612
435,309


Additions
12,750
280,023
292,773



At 31 July 2024

146,447
581,635
728,082



Depreciation


At 1 August 2023
81,877
153,087
234,964


Charge for the year on owned assets
15,384
53,834
69,218



At 31 July 2024

97,261
206,921
304,182



Net book value



At 31 July 2024
49,186
374,714
423,900



At 31 July 2023
51,820
148,525
200,345

Page 6

 
CLUNY ACTIVITIES TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2023
1,025



At 31 July 2024
1,025





6.


Debtors

2024
2023
£
£


Trade debtors
14,608
29,312

Other debtors
6,613
1,018

Prepayments and accrued income
-
1,593

21,221
31,923



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
94,708
81,076

Amounts owed to group undertakings
228,191
185,236

Other taxation and social security
39,317
85,200

Other creditors
27,511
55,148

Accruals and deferred income
76,226
39,634

465,953
446,294



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) A Ordinary shares of £0.01 each
1
1



9.


Related party transactions

Included within "other creditors" is an amount of £228,191 (2023 - £185,236) due to Cluny Activities Ltd, the parent company. No interest or repayment terms have been agreed.

Page 7

 
CLUNY ACTIVITIES TRADING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Controlling party

The company's ultimate parent company during the year was Cluny Activities Ltd, a company incorporated in Scotland.


Page 8