Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-26true1false2023-09-01falseNo description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC707999 2023-09-01 2024-08-31 SC707999 2022-09-01 2023-08-31 SC707999 2024-08-31 SC707999 2023-08-31 SC707999 c:Director1 2023-09-01 2024-08-31 SC707999 c:RegisteredOffice 2023-09-01 2024-08-31 SC707999 d:CurrentFinancialInstruments 2024-08-31 SC707999 d:CurrentFinancialInstruments 2023-08-31 SC707999 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 SC707999 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC707999 d:ShareCapital 2024-08-31 SC707999 d:ShareCapital 2023-08-31 SC707999 d:RetainedEarningsAccumulatedLosses 2024-08-31 SC707999 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC707999 c:OrdinaryShareClass1 2023-09-01 2024-08-31 SC707999 c:OrdinaryShareClass1 2024-08-31 SC707999 c:OrdinaryShareClass1 2023-08-31 SC707999 c:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 SC707999 c:FRS102 2023-09-01 2024-08-31 SC707999 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC707999 c:FullAccounts 2023-09-01 2024-08-31 SC707999 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC707999 4 2023-09-01 2024-08-31 SC707999 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC707999










KY1 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

 
KY1 LIMITED
 

COMPANY INFORMATION


Director
Mr A Bunting 




Registered number
SC707999



Registered office
116 Bonnygate

Cupar

Fife

KY15 4LF




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
KY1 LIMITED
REGISTERED NUMBER: SC707999

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
36,510
59,183

Cash at bank and in hand
  
-
26

  
36,510
59,209

Creditors: amounts falling due within one year
 6 
(7,644)
(11,286)

Net current assets
  
 
 
28,866
 
 
47,923

Total assets less current liabilities
  
28,866
47,923

  

Net assets
  
28,866
47,923


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
28,865
47,922

  
28,866
47,923

Page 1

 
KY1 LIMITED
REGISTERED NUMBER: SC707999

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The Director considers 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 Director acknowledges his 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 by: 




Mr A Bunting
Director

Date: 26 May 2025

Page 2

 
KY1 LIMITED
 

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

1.


General information

KY1 Limited is a private company, limited by shares and incorporated in Scotland, registration number SC707999. The registered office is 116 Bonnygate, Cupar, Scotland, KY15 4LF.

The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The company did not trade during the year.

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:

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.

 
2.3

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 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.

 
2.4

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 3

 
KY1 LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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 1 (2023 - 1).


4.


Exceptional items

2024
2023
£
£


Loan write off
-
109,503

-
109,503


5.


Debtors

2024
2023
£
£


Other debtors
36,510
59,183

36,510
59,183


Included within other debtors is an amount of £29,766 (2023 - £48,583) due from the director. Interest is charged at official rates and no repayment terms have been agreed.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
6,744
9,737

Accruals and deferred income
900
1,549

7,644
11,286


Page 4

 
KY1 LIMITED
 

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

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



Page 5