Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30222023-07-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC510019 2023-07-01 2024-06-30 SC510019 2022-07-01 2023-06-30 SC510019 2024-06-30 SC510019 2023-06-30 SC510019 c:CompanySecretary1 2023-07-01 2024-06-30 SC510019 c:Director1 2023-07-01 2024-06-30 SC510019 c:RegisteredOffice 2023-07-01 2024-06-30 SC510019 d:FurnitureFittings 2023-07-01 2024-06-30 SC510019 d:FurnitureFittings 2024-06-30 SC510019 d:FurnitureFittings 2023-06-30 SC510019 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC510019 d:OfficeEquipment 2023-07-01 2024-06-30 SC510019 d:OfficeEquipment 2024-06-30 SC510019 d:OfficeEquipment 2023-06-30 SC510019 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC510019 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC510019 d:CurrentFinancialInstruments 2024-06-30 SC510019 d:CurrentFinancialInstruments 2023-06-30 SC510019 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC510019 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC510019 d:ShareCapital 2024-06-30 SC510019 d:ShareCapital 2023-06-30 SC510019 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC510019 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC510019 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC510019 c:OrdinaryShareClass1 2024-06-30 SC510019 c:OrdinaryShareClass2 2023-07-01 2024-06-30 SC510019 c:OrdinaryShareClass2 2024-06-30 SC510019 c:OrdinaryShareClass3 2023-07-01 2024-06-30 SC510019 c:OrdinaryShareClass3 2024-06-30 SC510019 c:OrdinaryShareClass4 2023-07-01 2024-06-30 SC510019 c:OrdinaryShareClass4 2024-06-30 SC510019 c:FRS102 2023-07-01 2024-06-30 SC510019 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC510019 c:FullAccounts 2023-07-01 2024-06-30 SC510019 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC510019 6 2023-07-01 2024-06-30 SC510019 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC510019










CAPLAWHEAD LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
CAPLAWHEAD LIMITED
 

COMPANY INFORMATION


Director
Mr K Hills 




Company secretary
Mrs H Hills



Registered number
SC510019



Registered office
Caplawhead
Rumbling Bridge

Kinross

KY13 0QD




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
CAPLAWHEAD LIMITED
REGISTERED NUMBER:SC510019

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
64,536
88,743

Investments
 5 
236,001
217,664

  
300,537
306,407

Current assets
  

Debtors: amounts falling due within one year
 6 
41,099
92,113

Cash at bank and in hand
  
584,825
562,937

  
625,924
655,050

Creditors: amounts falling due within one year
 7 
(62,935)
(56,892)

Net current assets
  
 
 
562,989
 
 
598,158

Total assets less current liabilities
  
863,526
904,565

Provisions for liabilities
  

Deferred tax
  
(6,426)
(8,475)

  
 
 
(6,426)
 
 
(8,475)

Net assets
  
857,100
896,090


Capital and reserves
  

Called up share capital 
 8 
300
300

Profit and loss account
  
856,800
895,790

  
857,100
896,090


Page 1

 
CAPLAWHEAD LIMITED
REGISTERED NUMBER:SC510019

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 director acknowledges his 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 K Hills
Director

Date: 14 March 2025

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

Page 2

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

1.


General information

Caplawhead Limited is a private company, limited by shares and incorporated in Scotland, registration number SC510019. The registered office address is Caplawhead, Rumbling Bridge, Kinross, United Kingdom, KY13 0QD.
The financial statements are presented in sterling which is the functional currency of the company and 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

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:

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

 
CAPLAWHEAD LIMITED
 

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

2.Accounting policies (continued)

 
2.3

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.


 
2.4

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 and a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% straight line
Office equipment
-
33.33% 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.

 
2.5

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 4

 
CAPLAWHEAD LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
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 2 (2023 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
115,735
46,125
161,860


Additions
-
1,814
1,814


Disposals
-
(2,444)
(2,444)



At 30 June 2024

115,735
45,495
161,230



Depreciation


At 1 July 2023
41,379
31,738
73,117


Charge for the year on owned assets
21,059
4,874
25,933


Disposals
-
(2,356)
(2,356)



At 30 June 2024

62,438
34,256
96,694



Net book value



At 30 June 2024
53,297
11,239
64,536



At 30 June 2023
74,356
14,387
88,743

Page 5

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

5.


Fixed asset investments





Trade investments

£



Cost or valuation


At 1 July 2023
217,664


Additions
18,337



At 30 June 2024
236,001






Net book value



At 30 June 2024
236,001



At 30 June 2023
217,664

The increase in value during 2024 is due to the interest accrued on the investment.


6.


Debtors

2024
2023
£
£


Trade debtors
40,810
41,413

Other debtors
-
50,426

Prepayments and accrued income
289
274

41,099
92,113



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
41,299
48,562

Other creditors
7,814
325

Accruals and deferred income
13,822
8,005

62,935
56,892


Page 6

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

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 A Ordinary Shares shares of £1.00 each
100
100
100 B Ordinary Shares shares of £1.00 each
100
100
50 C Ordinary Shares shares of £1.00 each
50
50
50 D Ordinary Shares shares of £1.00 each
50
50

300

300



Page 7