Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-303false2023-07-01No description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC072388 2023-07-01 2024-06-30 SC072388 2022-07-01 2023-06-30 SC072388 2024-06-30 SC072388 2023-06-30 SC072388 1 2023-07-01 2024-06-30 SC072388 d:CompanySecretary1 2023-07-01 2024-06-30 SC072388 d:Director1 2023-07-01 2024-06-30 SC072388 d:Director2 2023-07-01 2024-06-30 SC072388 d:Director3 2023-07-01 2024-06-30 SC072388 d:Director4 2023-07-01 2024-06-30 SC072388 d:RegisteredOffice 2023-07-01 2024-06-30 SC072388 e:Buildings 2023-07-01 2024-06-30 SC072388 e:PlantMachinery 2023-07-01 2024-06-30 SC072388 e:PlantMachinery 2024-06-30 SC072388 e:PlantMachinery 2023-06-30 SC072388 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC072388 e:PlantMachinery 1 2023-07-01 2024-06-30 SC072388 e:MotorVehicles 2023-07-01 2024-06-30 SC072388 e:MotorVehicles 2024-06-30 SC072388 e:MotorVehicles 2023-06-30 SC072388 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC072388 e:MotorVehicles 1 2023-07-01 2024-06-30 SC072388 e:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC072388 e:FreeholdInvestmentProperty 2024-06-30 SC072388 e:FreeholdInvestmentProperty 2023-06-30 SC072388 e:CurrentFinancialInstruments 2024-06-30 SC072388 e:CurrentFinancialInstruments 2023-06-30 SC072388 e:Non-currentFinancialInstruments 2024-06-30 SC072388 e:Non-currentFinancialInstruments 2023-06-30 SC072388 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 SC072388 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 SC072388 e:Non-currentFinancialInstruments e:AfterOneYear 2024-06-30 SC072388 e:Non-currentFinancialInstruments e:AfterOneYear 2023-06-30 SC072388 e:ShareCapital 2024-06-30 SC072388 e:ShareCapital 2023-06-30 SC072388 e:InvestmentPropertiesRevaluationReserve 2024-06-30 SC072388 e:InvestmentPropertiesRevaluationReserve 2023-06-30 SC072388 e:RetainedEarningsAccumulatedLosses 2024-06-30 SC072388 e:RetainedEarningsAccumulatedLosses 2023-06-30 SC072388 d:OrdinaryShareClass1 2023-07-01 2024-06-30 SC072388 d:OrdinaryShareClass1 2024-06-30 SC072388 d:OrdinaryShareClass1 2023-06-30 SC072388 d:FRS102 2023-07-01 2024-06-30 SC072388 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC072388 d:FullAccounts 2023-07-01 2024-06-30 SC072388 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC072388 2 2023-07-01 2024-06-30 SC072388 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC072388










J LOGAN MILNE (BRECHIN) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
J LOGAN MILNE (BRECHIN) LIMITED
 

COMPANY INFORMATION


DIRECTORS
J L Milne 
Mrs S J Milne 
A L G Milne 
N Milne 




COMPANY SECRETARY
Mrs S J Milne



REGISTERED NUMBER
SC072388



REGISTERED OFFICE
Annfield
1 Duke Street

Brechin

Angus

DD9 6JY




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J LOGAN MILNE (BRECHIN) LIMITED
REGISTERED NUMBER: SC072388

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
38,725
39,913

Investment property
 5 
500,000
500,000

  
538,725
539,913

CURRENT ASSETS
  

Stocks
  
2,346
-

Debtors: amounts falling due within one year
 6 
13,572
13,272

Cash at bank and in hand
  
7,269
2,839

  
23,187
16,111

Creditors: amounts falling due within one year
 7 
(95,562)
(77,109)

NET CURRENT LIABILITIES
  
 
 
(72,375)
 
 
(60,998)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
466,350
478,915

Creditors: amounts falling due after more than one year
 8 
-
(11,112)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(9,681)
(9,978)

  
 
 
(9,681)
 
 
(9,978)

NET ASSETS
  
456,669
457,825


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Investment property reserve
  
55,543
55,543

Profit and loss account
  
401,026
402,182

  
456,669
457,825


Page 1

 
J LOGAN MILNE (BRECHIN) LIMITED
REGISTERED NUMBER: SC072388

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 5 March 2025.




J L Milne
Director

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

Page 2

 
J LOGAN MILNE (BRECHIN) LIMITED
 

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

1.


GENERAL INFORMATION

J Logan Milne (Brechin) Limited is a private company, limited by shares, incorporated in Scotland with registration number SC072388. The registered office is Annfield, 1 Duke Street, Brechin, Angus, Scotland, DD9 6JY.

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.

 
2.3

INTEREST INCOME

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

Page 3

 
J LOGAN MILNE (BRECHIN) LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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 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.


 
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:

Freehold property
-
0.00%
Plant and machinery
-
12.50%
Motor vehicles
-
20.00%

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

 
J LOGAN MILNE (BRECHIN) LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
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 3 (2023 - 3).


4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Total

£
£
£



COST OR VALUATION


At 1 July 2023
53,077
8,200
61,277


Additions
4,749
-
4,749


Disposals
(655)
-
(655)



At 30 June 2024

57,171
8,200
65,371



DEPRECIATION


At 1 July 2023
14,883
6,481
21,364


Charge for the year on owned assets
5,337
344
5,681


Reclassified to held for sale
(399)
-
(399)



At 30 June 2024

19,821
6,825
26,646



NET BOOK VALUE



At 30 June 2024
37,350
1,375
38,725



At 30 June 2023
38,194
1,719
39,913

Page 5

 
J LOGAN MILNE (BRECHIN) LIMITED
 

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

5.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 July 2023
500,000



AT 30 JUNE 2024
500,000

The 2024 valuations were made by the director , on an open market value for existing use basis.

2024
2023
£
£

REVALUATION RESERVES


At 1 July 2023
55,543
55,543

AT 30 JUNE 2024
55,543
55,543





6.


DEBTORS

2024
2023
£
£


Trade debtors
9,114
6,248

Other debtors
1,785
4,222

Prepayments and accrued income
2,673
2,802

13,572
13,272



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other loans
5,073
18,723

Trade creditors
6,156
6,548

Other taxation and social security
1,682
-

Obligations under finance lease and hire purchase contracts
5,306
6,757

Other creditors
74,175
41,988

Accruals and deferred income
3,170
3,093

95,562
77,109


Page 6

 
J LOGAN MILNE (BRECHIN) LIMITED
 

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

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Other loans
-
5,806

Net obligations under finance leases and hire purchase contracts
-
5,306

-
11,112



9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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



Page 7