Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activity52023-08-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC541889 2023-08-01 2024-07-31 SC541889 2022-08-01 2023-07-31 SC541889 2024-07-31 SC541889 2023-07-31 SC541889 c:Director1 2023-08-01 2024-07-31 SC541889 c:Director2 2023-08-01 2024-07-31 SC541889 c:Director3 2023-08-01 2024-07-31 SC541889 c:Director4 2023-08-01 2024-07-31 SC541889 c:RegisteredOffice 2023-08-01 2024-07-31 SC541889 d:Buildings 2023-08-01 2024-07-31 SC541889 d:Buildings 2024-07-31 SC541889 d:Buildings 2023-07-31 SC541889 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC541889 d:PlantMachinery 2023-08-01 2024-07-31 SC541889 d:PlantMachinery 2024-07-31 SC541889 d:PlantMachinery 2023-07-31 SC541889 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC541889 d:MotorVehicles 2023-08-01 2024-07-31 SC541889 d:MotorVehicles 2024-07-31 SC541889 d:MotorVehicles 2023-07-31 SC541889 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC541889 d:FurnitureFittings 2023-08-01 2024-07-31 SC541889 d:FurnitureFittings 2024-07-31 SC541889 d:FurnitureFittings 2023-07-31 SC541889 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC541889 d:OfficeEquipment 2023-08-01 2024-07-31 SC541889 d:OfficeEquipment 2024-07-31 SC541889 d:OfficeEquipment 2023-07-31 SC541889 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC541889 d:ComputerEquipment 2023-08-01 2024-07-31 SC541889 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC541889 d:Goodwill 2023-08-01 2024-07-31 SC541889 d:Goodwill 2024-07-31 SC541889 d:Goodwill 2023-07-31 SC541889 d:CurrentFinancialInstruments 2024-07-31 SC541889 d:CurrentFinancialInstruments 2023-07-31 SC541889 d:Non-currentFinancialInstruments 2024-07-31 SC541889 d:Non-currentFinancialInstruments 2023-07-31 SC541889 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC541889 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC541889 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 SC541889 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC541889 d:ShareCapital 2024-07-31 SC541889 d:ShareCapital 2023-07-31 SC541889 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC541889 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC541889 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC541889 c:OrdinaryShareClass1 2024-07-31 SC541889 c:OrdinaryShareClass1 2023-07-31 SC541889 c:FRS102 2023-08-01 2024-07-31 SC541889 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC541889 c:FullAccounts 2023-08-01 2024-07-31 SC541889 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC541889 d:Goodwill d:OwnedIntangibleAssets 2023-08-01 2024-07-31 SC541889 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC541889










ANGUS LIMESTORES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
ANGUS LIMESTORES LIMITED
 

COMPANY INFORMATION


Directors
Lord A J M H Colyton 
Lady P J Colyton 
T C R Hopkinson 
G F Hopkinson 




Registered number
SC541889



Registered office
Kinalty Farmhouse
Kinalty Farm

Kirriemuir

DD8 5LY




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
ANGUS LIMESTORES LIMITED
REGISTERED NUMBER: SC541889

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible Assets
 4 
9,837
14,558

Tangible Fixed Assets
 5 
276,279
689,543

  
286,116
704,101

CURRENT ASSETS
  

Stocks
  
89,903
325,492

Debtors Within One Year
 6 
514,821
52,553

Cash at bank and in hand
  
63
63

  
604,787
378,108

Creditors: Amounts Falling Due Within One Year
 7 
(478,075)
(565,010)

NET CURRENT ASSETS/(LIABILITIES)
  
 
 
126,712
 
 
(186,902)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
412,828
517,199

Creditors: Amounts Falling Due After More Than One Year
 8 
(214,946)
(277,518)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(46,045)
(71,797)

  
 
 
(46,045)
 
 
(71,797)

NET ASSETS
  
151,837
167,884


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
151,737
167,784

  
151,837
167,884


Page 1

 
ANGUS LIMESTORES LIMITED
REGISTERED NUMBER: SC541889

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 April 2025.


T C R Hopkinson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ANGUS LIMESTORES LIMITED
 

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

1.


GENERAL INFORMATION

Angus Limestores Limited is a private company, limited by shares, incorporated in Scotland with registration number SC541889. The registered office is Angus Limestores Limited, Eassie, Forfar, Scotland, DD8 1SG.
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

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:

Sale of goods

Revenue 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 revenue 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

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.

Page 3

 
ANGUS LIMESTORES LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
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.

 
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.


Page 4

 
ANGUS LIMESTORES LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

INTANGIBLE ASSETS

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

OTHER INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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 both the straight-line and reducing balanance methods.

Depreciation is provided on the following basis:

Heritable property
-
2%
Straight line
Plant and machinery
-
10%
Straight line
Motor vehicles
-
10%
Reducing balance
Fixtures and fittings
-
20%
Straight line
Computer equipment
-
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.

 
2.7

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.

Page 5

 
ANGUS LIMESTORES LIMITED
 

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

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 August 2023
47,213



At 31 July 2024

47,213



AMORTISATION


At 1 August 2023
32,655


Charge for the year on owned assets
4,721



At 31 July 2024

37,376



NET BOOK VALUE



At 31 July 2024
9,837



At 31 July 2023
14,558



Page 6
 


 
ANGUS LIMESTORES LIMITED


 

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


5.


TANGIBLE FIXED ASSETS






Heritable property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



COST OR VALUATION


At 1 August 2023
360,604
172,277
429,470
4,388
6,381
973,120


Disposals
(360,604)
(10,000)
(98,000)
-
-
(468,604)



At 31 July 2024

-
162,277
331,470
4,388
6,381
504,516



DEPRECIATION


At 1 August 2023
50,425
61,552
163,137
2,634
5,829
283,577


Charge for the year on owned assets
-
16,229
20,616
878
181
37,904


Disposals
(50,425)
(4,996)
(37,823)
-
-
(93,244)



At 31 July 2024

-
72,785
145,930
3,512
6,010
228,237



NET BOOK VALUE



At 31 July 2024
-
89,492
185,540
876
371
276,279



At 31 July 2023
310,179
110,725
266,333
1,754
552
689,543

Page 7
 
ANGUS LIMESTORES LIMITED
 

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

6.


DEBTORS

2024
2023
£
£


Trade debtors
126,601
52,349

Other debtors
388,220
-

Prepayments and accrued income
-
204

514,821
52,553



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
238,409
259,240

Bank loans
10,000
10,000

Trade creditors
58,666
123,672

Amounts owed to group undertakings
100,354
100,354

Other taxation and social security
36,418
3,727

Obligations under finance lease and hire purchase contracts
7,256
41,045

Other creditors
23,372
23,372

Accruals and deferred income
3,600
3,600

478,075
565,010


The bank overdraft and 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
11,667
21,668

Net obligations under finance leases and hire purchase contracts
1,505
8,760

Amounts owed to group undertakings
201,774
247,090

214,946
277,518


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.

Page 8

 
ANGUS LIMESTORES LIMITED
 

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

9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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



Page 9