Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-316falsetrue2023-11-01falseNo description of principal activity8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC188152 2023-11-01 2024-10-31 SC188152 2022-11-01 2023-10-31 SC188152 2024-10-31 SC188152 2023-10-31 SC188152 c:CompanySecretary1 2023-11-01 2024-10-31 SC188152 c:Director1 2023-11-01 2024-10-31 SC188152 c:Director2 2023-11-01 2024-10-31 SC188152 c:RegisteredOffice 2023-11-01 2024-10-31 SC188152 d:Buildings 2023-11-01 2024-10-31 SC188152 d:Buildings 2024-10-31 SC188152 d:Buildings 2023-10-31 SC188152 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC188152 d:PlantMachinery 2023-11-01 2024-10-31 SC188152 d:PlantMachinery 2024-10-31 SC188152 d:PlantMachinery 2023-10-31 SC188152 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC188152 d:MotorVehicles 2023-11-01 2024-10-31 SC188152 d:MotorVehicles 2024-10-31 SC188152 d:MotorVehicles 2023-10-31 SC188152 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC188152 d:OfficeEquipment 2023-11-01 2024-10-31 SC188152 d:OfficeEquipment 2024-10-31 SC188152 d:OfficeEquipment 2023-10-31 SC188152 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC188152 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC188152 d:CurrentFinancialInstruments 2024-10-31 SC188152 d:CurrentFinancialInstruments 2023-10-31 SC188152 d:Non-currentFinancialInstruments 2024-10-31 SC188152 d:Non-currentFinancialInstruments 2023-10-31 SC188152 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC188152 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC188152 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC188152 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC188152 d:ShareCapital 2024-10-31 SC188152 d:ShareCapital 2023-10-31 SC188152 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC188152 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC188152 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC188152 c:OrdinaryShareClass1 2024-10-31 SC188152 c:OrdinaryShareClass1 2023-10-31 SC188152 c:FRS102 2023-11-01 2024-10-31 SC188152 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC188152 c:FullAccounts 2023-11-01 2024-10-31 SC188152 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC188152 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC188152










A.C. LESSELS LTD.
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
A.C. LESSELS LTD.
 

COMPANY INFORMATION


Directors
Mr A C Lessels 
Mrs J Lessels 




Company secretary
Gillespie MacAndrew Secretaries Limited



Registered number
SC188152



Registered office
5 Atholl Crescent

Edinburgh

EH3 8EJ




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
A.C. LESSELS LTD.
REGISTERED NUMBER: SC188152

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
155,381
172,732

  
155,381
172,732

Current assets
  

Debtors: amounts falling due within one year
 5 
44,465
76,719

Cash at bank and in hand
  
6,020
-

  
50,485
76,719

Creditors: amounts falling due within one year
 6 
(111,803)
(139,454)

Net current liabilities
  
 
 
(61,318)
 
 
(62,735)

Total assets less current liabilities
  
94,063
109,997

Creditors: amounts falling due after more than one year
 7 
(10,475)
(36,501)

Provisions for liabilities
  

Deferred tax
  
(6,622)
(9,697)

  
 
 
(6,622)
 
 
(9,697)

Net assets
  
76,966
63,799


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
76,866
63,699

  
76,966
63,799


Page 1

 
A.C. LESSELS LTD.
REGISTERED NUMBER: SC188152

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 by: 




Mr A C Lessels
Director

Date: 24 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
A.C. LESSELS LTD.
 

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

1.


General information

A.C. Lessels Ltd is a private company, limited by shares and incorporated in Scotland, registration number SC188152. The address of the registered office is 5 Atholl Crescent, Edinburgh, Midlothian, EH3 8EJ.
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

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

 
A.C. LESSELS LTD.
 

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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.


Page 4

 
A.C. LESSELS LTD.
 

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

2.Accounting policies (continued)

 
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
-
2%
Plant and machinery
-
20%
Motor vehicles
-
25%
Office equipment
-
20% - 33%

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.

 
2.6

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 6 (2023 - 8).

Page 5

 
A.C. LESSELS LTD.
 

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

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2023
228,699
8,703
102,032
4,611
344,045


Additions
-
1,332
-
-
1,332


Disposals
-
-
(46,955)
-
(46,955)



At 31 October 2024

228,699
10,035
55,077
4,611
298,422



Depreciation


At 1 November 2023
95,417
8,323
64,600
2,973
171,313


Charge for the year on owned assets
4,574
239
9,436
646
14,895


Disposals
-
-
(43,167)
-
(43,167)



At 31 October 2024

99,991
8,562
30,869
3,619
143,041



Net book value



At 31 October 2024
128,708
1,473
24,208
992
155,381



At 31 October 2023
133,282
380
37,432
1,638
172,732

Page 6

 
A.C. LESSELS LTD.
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
42,001
57,259

Other debtors
-
148

Amounts recoverable on long term contracts
2,464
19,312

44,465
76,719



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
12,750

Bank loans
9,232
19,275

Trade creditors
18,796
45,816

Other taxation and social security
40,257
34,512

Obligations under finance lease and hire purchase contracts
11,408
10,141

Other creditors
967
6,240

Accruals and deferred income
31,143
10,720

111,803
139,454


Secured Loans
The bank loan of £9,232 (2023 - £19,275) is secured over the company's assets.
The net obligations under finance leases and hire purchase contracts of £11,408 (2023 - £10,141) are secured over the assets which they relate to.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
14,618

Net obligations under finance leases and hire purchase contracts
10,475
21,883

10,475
36,501


Secured Loans
The bank loan of £NIL (2023 - £14,618) is secured over the company's assets.
The net obligations under finance leases and hire purchase contracts of £10,475 (2023 - £21,883) are secured over the assets which they relate to.

Page 7

 
A.C. LESSELS LTD.
 

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

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 8