Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31true2023-08-01falseNo description of principal activity1010trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC469685 2023-08-01 2024-07-31 SC469685 2022-08-01 2023-07-31 SC469685 2024-07-31 SC469685 2023-07-31 SC469685 c:CompanySecretary1 2023-08-01 2024-07-31 SC469685 c:Director1 2023-08-01 2024-07-31 SC469685 c:Director2 2023-08-01 2024-07-31 SC469685 c:Director3 2023-08-01 2024-07-31 SC469685 c:Director4 2023-08-01 2024-07-31 SC469685 c:Director5 2023-08-01 2024-07-31 SC469685 c:RegisteredOffice 2023-08-01 2024-07-31 SC469685 d:PlantMachinery 2023-08-01 2024-07-31 SC469685 d:PlantMachinery 2024-07-31 SC469685 d:PlantMachinery 2023-07-31 SC469685 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC469685 d:MotorVehicles 2023-08-01 2024-07-31 SC469685 d:MotorVehicles 2024-07-31 SC469685 d:MotorVehicles 2023-07-31 SC469685 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC469685 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC469685 d:CurrentFinancialInstruments 2024-07-31 SC469685 d:CurrentFinancialInstruments 2023-07-31 SC469685 d:Non-currentFinancialInstruments 2024-07-31 SC469685 d:Non-currentFinancialInstruments 2023-07-31 SC469685 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC469685 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC469685 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 SC469685 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC469685 d:ShareCapital 2024-07-31 SC469685 d:ShareCapital 2023-07-31 SC469685 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC469685 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC469685 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC469685 c:OrdinaryShareClass1 2024-07-31 SC469685 c:OrdinaryShareClass1 2023-07-31 SC469685 c:FRS102 2023-08-01 2024-07-31 SC469685 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC469685 c:FullAccounts 2023-08-01 2024-07-31 SC469685 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC469685 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC469685










ARABLE VENTURES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
ARABLE VENTURES LIMITED
 

COMPANY INFORMATION


Directors
Alisdair John Munro Colyton 
Philippa Jane Colyton 
James Patrick Munro Hopkinson 
Euan Walker-Munro 
Susan Walker-Munro 




Company secretary
Euan Walker-Munro



Registered number
SC469685



Registered office
Lindertis

Kirriemuir

Angus

DD8 5NT




Accountants
EQ Accountants Ltd
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
ARABLE VENTURES LIMITED
REGISTERED NUMBER: SC469685

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
800,890
801,937

Investments
 5 
50
50

  
800,940
801,987

CURRENT ASSETS
  

Stocks
  
20,328
18,195

Debtors: amounts falling due within one year
 6 
70,546
77,733

Cash at bank and in hand
  
98,007
82,300

  
188,881
178,228

Creditors: amounts falling due within one year
 7 
(609,787)
(590,360)

NET CURRENT LIABILITIES
  
 
 
(420,906)
 
 
(412,132)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
380,034
389,855

Creditors: amounts falling due after more than one year
 8 
(133,597)
(184,814)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(67,646)
(42,335)

  
 
 
(67,646)
 
 
(42,335)

NET ASSETS
  
178,791
162,706


CAPITAL AND RESERVES
  

Called up share capital 
  
200
200

Profit and loss account
  
178,591
162,506

  
178,791
162,706


Page 1

 
ARABLE VENTURES LIMITED
REGISTERED NUMBER: SC469685

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 on 18 March 2025.




Alisdair John Munro Colyton
James Patrick Munro Hopkinson
Director
Director

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

Page 2

 
ARABLE VENTURES LIMITED
 

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

1.


GENERAL INFORMATION

Arable Ventures Limited is a private company, limited by shares, incorporated in Scotland with registration number SC469685. The registered office is Lindertis, Craigton, Kirriemuir, Angus, DD8 5NT.
The Company's functional and presentational currency is GBP. 

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

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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

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

 
ARABLE VENTURES LIMITED
 

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

Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
25.0%
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.

Page 4

 
ARABLE VENTURES LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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.


3.


EMPLOYEES

2024
2023
£
£

Wages and salaries
140,362
124,784

Social security costs
13,888
12,818

Cost of defined contribution scheme
3,331
3,026

157,581
140,628


The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 5

 
ARABLE VENTURES LIMITED
 

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

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Total

£
£
£



COST OR VALUATION


At 1 August 2023
901,985
291,771
1,193,756


Additions
37,805
77,500
115,305


Disposals
(1,500)
-
(1,500)



At 31 July 2024

938,290
369,271
1,307,561



DEPRECIATION


At 1 August 2023
252,614
139,205
391,819


Charge for the year on owned assets
85,691
28,984
114,675


Disposals
177
-
177



At 31 July 2024

338,482
168,189
506,671



NET BOOK VALUE



At 31 July 2024
599,808
201,082
800,890



At 31 July 2023
649,371
152,566
801,937


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 August 2023
50





6.


DEBTORS

2024
2023
£
£


Trade debtors
37,039
63,132

Other debtors
33,507
14,601

70,546
77,733


Page 6

 
ARABLE VENTURES LIMITED
 

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

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
40,458
20,556

Obligations under finance lease and hire purchase contracts
104,849
116,097

Other creditors
454,480
443,707

609,787
590,360


Bank loans are secured by a floating charge over the assets of the company.
Hire purchase liabilities are secured over the assets to which they relate.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
10,000
20,000

Net obligations under finance leases and hire purchase contracts
123,597
164,814

133,597
184,814


Bank loans are secured by a floating charge over the assets of the company.
Hire purchase liabilities are secured over the assets to which they relate.


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



200 (2023 - 200) Ordinary shares shares of £1.00 each
200
200



Page 7