Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseNo description of principal activity21trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI009163 2024-01-01 2024-12-31 NI009163 2023-01-01 2023-12-31 NI009163 2024-12-31 NI009163 2023-12-31 NI009163 c:Director2 2024-01-01 2024-12-31 NI009163 c:Director3 2024-01-01 2024-12-31 NI009163 c:Director3 2024-12-31 NI009163 c:RegisteredOffice 2024-01-01 2024-12-31 NI009163 d:Buildings 2024-01-01 2024-12-31 NI009163 d:Buildings 2024-12-31 NI009163 d:Buildings 2023-12-31 NI009163 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI009163 d:PlantMachinery 2024-01-01 2024-12-31 NI009163 d:PlantMachinery 2024-12-31 NI009163 d:PlantMachinery 2023-12-31 NI009163 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI009163 d:MotorVehicles 2024-01-01 2024-12-31 NI009163 d:FurnitureFittings 2024-01-01 2024-12-31 NI009163 d:FurnitureFittings 2024-12-31 NI009163 d:FurnitureFittings 2023-12-31 NI009163 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI009163 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI009163 d:CurrentFinancialInstruments 2024-12-31 NI009163 d:CurrentFinancialInstruments 2023-12-31 NI009163 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI009163 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI009163 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 NI009163 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 NI009163 d:ShareCapital 2024-12-31 NI009163 d:ShareCapital 2023-12-31 NI009163 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI009163 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI009163 c:OrdinaryShareClass1 2024-01-01 2024-12-31 NI009163 c:OrdinaryShareClass1 2024-12-31 NI009163 c:OrdinaryShareClass1 2023-12-31 NI009163 c:FRS102 2024-01-01 2024-12-31 NI009163 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI009163 c:FullAccounts 2024-01-01 2024-12-31 NI009163 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI009163 6 2024-01-01 2024-12-31 NI009163 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: NI009163










W MARTIN LINDSAY & SONS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
W MARTIN LINDSAY & SONS LTD
 

COMPANY INFORMATION


DIRECTORS
P Lindsay 
J Lindsay (appointed 1 July 2024)




REGISTERED NUMBER
NI009163



REGISTERED OFFICE
Andras House
60 Great Victoria Street

Belfast

BT2 7ET




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
W MARTIN LINDSAY & SONS LTD
REGISTERED NUMBER: NI009163

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 3 
360,457
351,269

Investments
 4 
796
796

  
361,253
352,065

CURRENT ASSETS
  

Stocks
  
60,343
54,324

Debtors: amounts falling due within one year
 5 
19,449
20,249

Cash at bank and in hand
  
1,180
13,778

  
80,972
88,351

Creditors: amounts falling due within one year
  
(62,915)
(58,752)

NET CURRENT ASSETS
  
 
 
18,057
 
 
29,599

TOTAL ASSETS LESS CURRENT LIABILITIES
  
379,310
381,664

Creditors: amounts falling due after more than one year
  
(58,432)
(71,183)

PROVISIONS FOR LIABILITIES
  

Deferred Taxation
  
(34,239)
(23,979)

  
 
 
(34,239)
 
 
(23,979)

NET ASSETS
  
286,639
286,502


CAPITAL AND RESERVES
  

Called up share capital 
 6 
67,428
67,428

Profit and loss account
  
219,211
219,074

  
286,639
286,502


Page 1

 
W MARTIN LINDSAY & SONS LTD
REGISTERED NUMBER: NI009163

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 4 June 2025.




P Lindsay
Director

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

Page 2

 
W MARTIN LINDSAY & SONS LTD
 

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

1.


GENERAL INFORMATION

W Martin Lindsay & Sons Limited is a private company, limited by shares, incorporated in Northern Ireland with registration number NI009163. The registered office is Andras House, 60 Great Victoria Street, Belfast, BT2 7ET.  The Company's trading address is Wemyss Farm, Montrose Road, Forfar, Angus, DD8 2TB.
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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Page 3

 
W MARTIN LINDSAY & SONS LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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 income 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.


Page 4

 
W MARTIN LINDSAY & SONS LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

Land is not depreciated. Depreciation on other assets 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:

Land and buildings
-
2.0%
straight line
Plant and equipment
-
12.5%
reducing balance
Motor vehicles
-
25.0%
reducing balance
Fixtures and fittings
-
12.5%
reducing balance

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.

 
2.5

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

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.

 
2.6

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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

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
Page 5

 
W MARTIN LINDSAY & SONS LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.7
FINANCIAL INSTRUMENTS (CONTINUED)

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


3.


TANGIBLE FIXED ASSETS





Heritable property
Plant & machinery
Fixtures & fittings
Total

£
£
£
£



COST OR VALUATION


At 1 January 2024
242,908
247,610
16,660
507,178


Additions
-
29,950
-
29,950



At 31 December 2024

242,908
277,560
16,660
537,128



DEPRECIATION


At 1 January 2024
18,195
122,345
15,369
155,909


Charge for the year on owned assets
1,213
19,397
152
20,762



At 31 December 2024

19,408
141,742
15,521
176,671



NET BOOK VALUE



At 31 December 2024
223,500
135,818
1,139
360,457



At 31 December 2023
224,713
125,265
1,291
351,269

Page 6

 
W MARTIN LINDSAY & SONS LTD
 

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

4.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 January 2024
796



At 31 December 2024
796





5.


DEBTORS

2024
2023
£
£


Trade debtors
11,829
12,127

Other debtors
2,798
3,722

Prepayments and accrued income
4,822
4,400

19,449
20,249



6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



67,428 (2023 - 67,428) Ordinary shares of £1.00 each
67,428
67,428



Page 7