Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-022023-09-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.7truefalseNo description of principal activity20truefalse SC509475 2023-09-01 2024-08-31 SC509475 2022-09-01 2023-08-31 SC509475 2024-08-31 SC509475 2023-08-31 SC509475 c:Director1 2023-09-01 2024-08-31 SC509475 c:Director2 2023-09-01 2024-08-31 SC509475 c:Director4 2023-09-01 2024-08-31 SC509475 c:Director5 2023-09-01 2024-08-31 SC509475 c:Director6 2023-09-01 2024-08-31 SC509475 c:RegisteredOffice 2023-09-01 2024-08-31 SC509475 d:CurrentFinancialInstruments 2024-08-31 SC509475 d:CurrentFinancialInstruments 2023-08-31 SC509475 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC509475 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC509475 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC509475 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC509475 c:FRS102 2023-09-01 2024-08-31 SC509475 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC509475 c:FullAccounts 2023-09-01 2024-08-31 SC509475 c:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 SC509475 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: SC509475










SHARED APPRENTICE LIMITED
(A company limited by guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 
SHARED APPRENTICE LIMITED
 
(A company limited by guarantee)
 

COMPANY INFORMATION


Directors
Craig Keith Bruce 
Kevin Dickson 
David Edward Shepard 
Councillor Lynne Jeanette Devine 
Councillor Louise Nicol 




Registered number
SC509475



Registered office
Angus House
Orchard Bank Business Park

Forfar

Angus

DD8 1AN





 
SHARED APPRENTICE LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: SC509475

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
85,399
139,662

Cash at bank and in hand
  
14,898
55,321

  
100,297
194,983

Creditors: amounts falling due within one year
 5 
(99,196)
(168,847)

NET CURRENT ASSETS
  
 
 
1,101
 
 
26,136

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,101
26,136

  

NET ASSETS
  
1,101
26,136


CAPITAL AND RESERVES
  

Profit and loss account
  
1,101
26,136

  
1,101
26,136


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 2 May 2025.




David Edward Shepard
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
SHARED APPRENTICE LIMITED

(A company limited by guarantee)
 

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

1.


GENERAL INFORMATION

The company Shared Apprentice Limited is limited by guarantee and incorporated in Scotland. The registered office is Angus House, Orchard Bank Business Park, Forfar, Angus, DD8 1AN and the company registration number is SC509475. 
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

GOING CONCERN

These financial statements have not been prepared on a going concern basis. They have been prepared under the historic convention, and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom.
The directors intend to wind down the Company within the next 12 months and thereafter liquidate to company. The directors have considered the assets and the liabilities of the Company and consider these to be held at the lower of cost or realisable value. No adjustments were necessary in these financial statements to reduce assets to their realisable values or to provide for liabilities arising from the decision. The financial statements have therefore been prepared on a basis other than going concern and all assets and liabilities have been reclassified as current, as required.

 
2.3

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.

Page 2

 
SHARED APPRENTICE LIMITED

(A company limited by guarantee)
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 7 (2023 - 20).

Page 3

 
SHARED APPRENTICE LIMITED

(A company limited by guarantee)
 

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

4.


DEBTORS

2024
2023
£
£


Trade debtors
33,926
99,431

Other debtors
51,473
40,231

85,399
139,662



5.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
375

Other taxation and social security
-
16,129

Other creditors
96,396
149,563

Accruals and deferred income
2,800
2,780

99,196
168,847




6.


COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1.00 towards the assets of the company in the event of liquidation.


Page 4