Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31false2024-02-01falseNo description of principal activity3036trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC464376 2024-02-01 2025-01-31 SC464376 2023-02-01 2024-01-31 SC464376 2025-01-31 SC464376 2024-01-31 SC464376 c:Director1 2024-02-01 2025-01-31 SC464376 c:Director2 2024-02-01 2025-01-31 SC464376 c:Director3 2024-02-01 2025-01-31 SC464376 c:Director4 2024-02-01 2025-01-31 SC464376 c:RegisteredOffice 2024-02-01 2025-01-31 SC464376 d:PlantMachinery 2024-02-01 2025-01-31 SC464376 d:PlantMachinery 2025-01-31 SC464376 d:PlantMachinery 2024-01-31 SC464376 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC464376 d:MotorVehicles 2024-02-01 2025-01-31 SC464376 d:MotorVehicles 2025-01-31 SC464376 d:MotorVehicles 2024-01-31 SC464376 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC464376 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC464376 d:CurrentFinancialInstruments 2025-01-31 SC464376 d:CurrentFinancialInstruments 2024-01-31 SC464376 d:Non-currentFinancialInstruments 2025-01-31 SC464376 d:Non-currentFinancialInstruments 2024-01-31 SC464376 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 SC464376 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC464376 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 SC464376 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 SC464376 d:ShareCapital 2025-01-31 SC464376 d:ShareCapital 2024-01-31 SC464376 d:RetainedEarningsAccumulatedLosses 2025-01-31 SC464376 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC464376 c:OrdinaryShareClass1 2024-02-01 2025-01-31 SC464376 c:OrdinaryShareClass1 2025-01-31 SC464376 c:OrdinaryShareClass1 2024-01-31 SC464376 c:FRS102 2024-02-01 2025-01-31 SC464376 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC464376 c:FullAccounts 2024-02-01 2025-01-31 SC464376 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC464376 6 2024-02-01 2025-01-31 SC464376 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC464376










PURVIS STORAGE & DISTRIBUTION LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

 
PURVIS STORAGE & DISTRIBUTION LTD
 

COMPANY INFORMATION


Directors
Mr R Purvis 
Mr C R Purvis 
Mr R Garmory 
Mrs J J Hepburn 




Registered number
SC464376



Registered office
New Thistle House
Lochview Industrial Estate

Lochgelly

Fife

KY5 9HG




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
PURVIS STORAGE & DISTRIBUTION LTD
REGISTERED NUMBER:SC464376

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
2024
£
£

Fixed assets
  

Tangible assets
 4 
492,447
617,644

Investments
 5 
31,280
31,280

  
523,727
648,924

Current assets
  

Debtors: amounts falling due within one year
 6 
612,508
555,011

Cash at bank and in hand
  
232,953
248,393

  
845,461
803,404

Creditors: amounts falling due within one year
 7 
(536,974)
(731,543)

Net current assets
  
 
 
308,487
 
 
71,861

Total assets less current liabilities
  
832,214
720,785

Creditors: amounts falling due after more than one year
 8 
(4,167)
(14,167)

Provisions for liabilities
  

Deferred tax
  
(123,111)
(154,410)

  
 
 
(123,111)
 
 
(154,410)

Net assets
  
704,936
552,208


Capital and reserves
  

Called up share capital 
 9 
50,000
50,000

Profit and loss account
  
654,936
502,208

  
704,936
552,208


Page 1

 
PURVIS STORAGE & DISTRIBUTION LTD
REGISTERED NUMBER:SC464376

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2025

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 29 April 2025.




Mr R Purvis
Director

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

Page 2

 
PURVIS STORAGE & DISTRIBUTION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

The company is limited by shares and incorporated in Scotland. The address of the registered office is New Thistle House, The Avenue, Lochgelly, Scotland, KY5 9HG.
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.

 
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

 
PURVIS STORAGE & DISTRIBUTION LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

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 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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% straight line
Motor vehicles
-
25% straight line

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

 
PURVIS STORAGE & DISTRIBUTION LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.6

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.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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.

 
2.8

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 30 (2024 - 36).
Page 5

 
PURVIS STORAGE & DISTRIBUTION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 February 2024
697,243
672,185
1,369,428


Additions
30,295
97,900
128,195


Disposals
(30,277)
(44,000)
(74,277)



At 31 January 2025

697,261
726,085
1,423,346



Depreciation


At 1 February 2024
492,074
259,710
751,784


Charge for the year on owned assets
74,690
149,041
223,731


Disposals
(30,277)
(14,339)
(44,616)



At 31 January 2025

536,487
394,412
930,899



Net book value



At 31 January 2025
160,774
331,673
492,447



At 31 January 2024
205,169
412,475
617,644


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 February 2024
31,280



At 31 January 2025
31,280




Page 6

 
PURVIS STORAGE & DISTRIBUTION LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

6.


Debtors

2025
2024
£
£


Trade debtors
588,561
533,089

Prepayments and accrued income
23,947
21,922

612,508
555,011



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
10,000
10,000

Trade creditors
239,539
227,068

Other taxation and social security
216,382
173,679

Other creditors
11,034
258,500

Accruals and deferred income
60,019
62,296

536,974
731,543



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
4,167
14,167



9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



50,000 (2024 - 50,000) Ordinary shares shares of £1.00 each
50,000
50,000



Page 7