Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302024-04-01falseNo description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC196755 2024-04-01 2024-06-30 SC196755 2023-04-01 2024-03-31 SC196755 2024-06-30 SC196755 2024-03-31 SC196755 c:Director5 2024-04-01 2024-06-30 SC196755 d:Buildings 2024-04-01 2024-06-30 SC196755 d:Buildings 2024-06-30 SC196755 d:Buildings 2024-03-31 SC196755 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2024-06-30 SC196755 d:PlantMachinery 2024-06-30 SC196755 d:PlantMachinery 2024-03-31 SC196755 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2024-06-30 SC196755 d:MotorVehicles 2024-04-01 2024-06-30 SC196755 d:FurnitureFittings 2024-04-01 2024-06-30 SC196755 d:OwnedOrFreeholdAssets 2024-04-01 2024-06-30 SC196755 d:CurrentFinancialInstruments 2024-06-30 SC196755 d:CurrentFinancialInstruments 2024-03-31 SC196755 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC196755 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC196755 d:ShareCapital 2024-06-30 SC196755 d:ShareCapital 2024-03-31 SC196755 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC196755 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC196755 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-06-30 SC196755 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 SC196755 c:FRS102 2024-04-01 2024-06-30 SC196755 c:AuditExempt-NoAccountantsReport 2024-04-01 2024-06-30 SC196755 c:FullAccounts 2024-04-01 2024-06-30 SC196755 c:PrivateLimitedCompanyLtd 2024-04-01 2024-06-30 SC196755 2 2024-04-01 2024-06-30 SC196755 e:PoundSterling 2024-04-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: SC196755














THE HOUSE OF PUZZLES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 30 JUNE 2024

 
THE HOUSE OF PUZZLES LIMITED
REGISTERED NUMBER: SC196755

BALANCE SHEET
AS AT 30 JUNE 2024

30 June
31 March
2024
2024
Note

Fixed assets
  

Tangible assets
 4 
219,286
220,864

Current assets
  

Stocks
  
286,512
298,923

Debtors: amounts falling due within one year
 5 
120,921
131,357

Cash at bank and in hand
 6 
220,322
229,894

  
627,755
660,174

Creditors: amounts falling due within one year
 7 
(159,704)
(152,102)

Net current assets
  
 
 
468,051
 
 
508,072

Total assets less current liabilities
  
687,337
728,936

  

Net assets
  
£687,337
£728,936


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
687,237
728,836

  
£687,337
£728,936


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 period 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 2 April 2025.




___________________________
E Ireland
Director
Page 1

 
THE HOUSE OF PUZZLES LIMITED
REGISTERED NUMBER: SC196755

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


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

Page 2

 
THE HOUSE OF PUZZLES LIMITED
 

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

1.


General information

The House of Puzzles Limited is a private company limited by shares incorporated in Scotland. The registration number is SC196755. The registered office is Unit 14 Clayton Court, Castle Avenue Industrial Estate, Invergordon, Scotland, IV18 0SB.

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.

 
2.3

Interest income

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

 
2.4

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


 
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.

Page 3

 
THE HOUSE OF PUZZLES LIMITED
 

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

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
On cost
Motor vehicles
-
25%
On cost
Fixtures and fittings
-
33%
On cost

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.

 
2.6

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 balance sheet 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

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 Balance Sheet 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
Page 4

 
THE HOUSE OF PUZZLES LIMITED
 

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

2.Accounting policies (continued)


2.10
Financial instruments (continued)

settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 5

 
THE HOUSE OF PUZZLES LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the period was 5 (2024 - 5).


4.


Tangible fixed assets







Freehold property
Plant and machinery
Total



Cost or valuation


At 1 April 2024
278,853
21,039
299,892



At 30 June 2024

278,853
21,039
299,892



Depreciation


At 1 April 2024
58,735
20,293
79,028


Charge for the period on owned assets
1,394
184
1,578



At 30 June 2024

60,129
20,477
80,606



Net book value



At 30 June 2024
£218,724
£562
£219,286



At 31 March 2024
£220,118
£746
£220,864


5.


Debtors

30 June
31 March
2024
2024


Trade debtors
79,257
111,482

Other debtors
2,131
-

Prepayments and accrued income
39,508
19,131

Tax recoverable
25
744

£120,921
£131,357



6.


Cash and cash equivalents

30 June
31 March
2024
2024

Cash at bank and in hand
£220,322
£229,894


Page 6

 
THE HOUSE OF PUZZLES LIMITED
 

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

7.


Creditors: Amounts falling due within one year

30 June
31 March
2024
2024

Trade creditors
120,945
139,478

Other taxation and social security
4,031
4,050

Accruals and deferred income
34,728
8,574

£159,704
£152,102



8.


Financial instruments

30 June
31 March
2024
2024

Financial assets


Financial assets measured at fair value through profit or loss
£220,322
£229,894




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand. 


Page 7