Caseware UK (AP4) 2024.0.164 2024.0.164 2025-01-312025-01-31false52024-02-01falseNo description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC261961 2024-02-01 2025-01-31 SC261961 2023-02-01 2024-01-31 SC261961 2025-01-31 SC261961 2024-01-31 SC261961 c:CompanySecretary1 2024-02-01 2025-01-31 SC261961 c:Director1 2024-02-01 2025-01-31 SC261961 c:RegisteredOffice 2024-02-01 2025-01-31 SC261961 d:PlantMachinery 2024-02-01 2025-01-31 SC261961 d:PlantMachinery 2025-01-31 SC261961 d:PlantMachinery 2024-01-31 SC261961 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC261961 d:FurnitureFittings 2024-02-01 2025-01-31 SC261961 d:FurnitureFittings 2025-01-31 SC261961 d:FurnitureFittings 2024-01-31 SC261961 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC261961 d:ComputerEquipment 2024-02-01 2025-01-31 SC261961 d:ComputerEquipment 2025-01-31 SC261961 d:ComputerEquipment 2024-01-31 SC261961 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC261961 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 SC261961 d:CurrentFinancialInstruments 2025-01-31 SC261961 d:CurrentFinancialInstruments 2024-01-31 SC261961 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 SC261961 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC261961 d:ShareCapital 2025-01-31 SC261961 d:ShareCapital 2024-01-31 SC261961 d:RetainedEarningsAccumulatedLosses 2025-01-31 SC261961 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC261961 c:OrdinaryShareClass1 2024-02-01 2025-01-31 SC261961 c:OrdinaryShareClass1 2025-01-31 SC261961 c:OrdinaryShareClass1 2024-01-31 SC261961 c:FRS102 2024-02-01 2025-01-31 SC261961 c:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC261961 c:FullAccounts 2024-02-01 2025-01-31 SC261961 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC261961 e:PoundSterling 2024-02-01 2025-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC261961










SANDY SMITH GOLF LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

 
SANDY SMITH GOLF LIMITED
 

COMPANY INFORMATION


Director
Mr A J Smith 




Company secretary
Mrs A L Smith



Registered number
SC261961



Registered office
Ladybank Golf Club

Ladybank

Fife

KY15 7RA




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
SANDY SMITH GOLF LIMITED
REGISTERED NUMBER: SC261961

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
2024
£
£

Fixed assets
  

Tangible assets
 4 
13,995
16,607

  
13,995
16,607

Current assets
  

Stocks
  
24,022
27,014

Debtors: amounts falling due within one year
 5 
6,315
3,280

Cash at bank and in hand
  
21,297
25,504

  
51,634
55,798

Creditors: amounts falling due within one year
 6 
(42,901)
(58,692)

Net current assets/(liabilities)
  
 
 
8,733
 
 
(2,894)

Total assets less current liabilities
  
22,728
13,713

Provisions for liabilities
  

Deferred tax
  
(3,498)
(3,155)

  
 
 
(3,498)
 
 
(3,155)

Net assets
  
19,230
10,558


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
19,228
10,556

  
19,230
10,558


Page 1

 
SANDY SMITH GOLF LIMITED
REGISTERED NUMBER: SC261961

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

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 on 11 June 2025.




Mr A J Smith
Director

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

Page 2

 
SANDY SMITH GOLF LIMITED
 

 
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 Ladybank Golf Club, Ladybank, Fife, KY15 7RA.
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

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
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:

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.

Page 3

 
SANDY SMITH GOLF LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.


Page 4

 
SANDY SMITH GOLF LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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, on the following basis.


Plant and machinery
-
10% - 25% Straight Line
Fixtures and fittings
-
10% Reducing Balance
Computer equipment
-
33.33% 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.

 
2.7

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.

 
2.8

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.

Page 5

 
SANDY SMITH GOLF LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2024
36,174
9,516
8,936
54,626



At 31 January 2025

36,174
9,516
8,936
54,626



Depreciation


At 1 February 2024
21,087
8,355
8,577
38,019


Charge for the year on owned assets
2,137
116
359
2,612



At 31 January 2025

23,224
8,471
8,936
40,631



Net book value



At 31 January 2025
12,950
1,045
-
13,995



At 31 January 2024
15,087
1,161
359
16,607


5.


Debtors

2025
2024
£
£


Trade debtors
5,453
2,652

Other debtors
862
628

6,315
3,280


Page 6

 
SANDY SMITH GOLF LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
466
2,870

Other taxation and social security
23,207
15,513

Other creditors
18,078
39,209

Accruals and deferred income
1,150
1,100

42,901
58,692



7.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



2 (2024 - 2) Ordinary shares of £1.00 each
2
2



Page 7