Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-314true2023-11-01falseNo description of principal activity4falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC165832 2023-11-01 2024-10-31 SC165832 2022-11-01 2023-10-31 SC165832 2024-10-31 SC165832 2023-10-31 SC165832 c:CompanySecretary1 2023-11-01 2024-10-31 SC165832 c:Director1 2023-11-01 2024-10-31 SC165832 c:Director2 2023-11-01 2024-10-31 SC165832 c:Director3 2023-11-01 2024-10-31 SC165832 c:Director4 2023-11-01 2024-10-31 SC165832 c:RegisteredOffice 2023-11-01 2024-10-31 SC165832 d:Buildings 2023-11-01 2024-10-31 SC165832 d:Buildings 2024-10-31 SC165832 d:Buildings 2023-10-31 SC165832 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC165832 d:PlantMachinery 2023-11-01 2024-10-31 SC165832 d:PlantMachinery 2024-10-31 SC165832 d:PlantMachinery 2023-10-31 SC165832 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC165832 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC165832 d:CurrentFinancialInstruments 2024-10-31 SC165832 d:CurrentFinancialInstruments 2023-10-31 SC165832 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC165832 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC165832 d:ShareCapital 2024-10-31 SC165832 d:ShareCapital 2023-10-31 SC165832 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC165832 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC165832 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC165832 c:OrdinaryShareClass1 2024-10-31 SC165832 c:OrdinaryShareClass1 2023-10-31 SC165832 c:FRS102 2023-11-01 2024-10-31 SC165832 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC165832 c:FullAccounts 2023-11-01 2024-10-31 SC165832 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC165832 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC165832










CAVELSTONE FARM LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
CAVELSTONE FARM LIMITED
 

COMPANY INFORMATION


Directors
Robert Purvis 
Isobel F Purvis 
Craig Purvis 
Lynn M Purvis 




Company secretary
Isobel F Purvis



Registered number
SC165832



Registered office
New Thistle House
Lochview Industrial Estate

The Avenue

Lochgelly

Fife

KY5 9HG




Accountants
EQ Accountants Ltd
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
CAVELSTONE FARM LIMITED
REGISTERED NUMBER:SC165832

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
413,339
417,244

  
413,339
417,244

Current assets
  

Debtors: amounts falling due within one year
 5 
100,319
77,390

Cash at bank and in hand
  
42,739
52,123

  
143,058
129,513

Creditors: amounts falling due within one year
 6 
(78,997)
(79,781)

Net current assets
  
 
 
64,061
 
 
49,732

Total assets less current liabilities
  
477,400
466,976

Provisions for liabilities
  

Deferred tax
  
(3,649)
(4,253)

  
 
 
(3,649)
 
 
(4,253)

Net assets
  
473,751
462,723


Capital and reserves
  

Called up share capital 
 7 
196,500
196,500

Profit and loss account
  
277,251
266,223

  
473,751
462,723


Page 1

 
CAVELSTONE FARM LIMITED
REGISTERED NUMBER:SC165832

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 29 April 2025.




Robert Purvis
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CAVELSTONE FARM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1.


General information

Cavelstone Farm Limited is a private company, limited by shares, incorporated in Scotland: Registration Number SC165832. The registered office address is New Thistle House, The Avenue, Lochgelly, Scotland, KY5 9HG.

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:

Sale of goods

Turnover 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 turnover 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

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

EU support scheme

Income from the Basic Payment Scheme is not recognised until 31 December of the relevant scheme year, when all conditions of the scheme have been complied with.

Page 3

 
CAVELSTONE FARM LIMITED
 

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

Freehold property excluding land
-
4% straight line
Plant and machinery
-
20% 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

 
CAVELSTONE FARM LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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 4 (2023 - 4).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 November 2023
434,204
139,750
573,954


Additions
-
30,245
30,245


Disposals
-
(25,039)
(25,039)



At 31 October 2024

434,204
144,956
579,160



Depreciation


At 1 November 2023
73,836
82,874
156,710


Charge for the year on owned assets
3,246
14,549
17,795


Disposals
-
(8,684)
(8,684)



At 31 October 2024

77,082
88,739
165,821



Net book value



At 31 October 2024
357,122
56,217
413,339



At 31 October 2023
360,368
56,876
417,244

Page 5

 
CAVELSTONE FARM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


5.


Debtors

2024
2023
£
£


Trade debtors
93,482
67,481

Other debtors
768
263

Prepayments and accrued income
6,069
9,646

100,319
77,390



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
72,005
55,941

Other taxation and social security
5,242
8,611

Accruals and deferred income
1,750
15,229

78,997
79,781



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



196,500 (2023 - 196,500) Ordinary Shares shares of £1.00 each
196,500
196,500



Page 6