Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.30false2023-10-01truefalseNo description of principal activity29true SC126966 2023-10-01 2024-09-30 SC126966 2022-10-01 2023-09-30 SC126966 2024-09-30 SC126966 2023-09-30 SC126966 c:Director1 2023-10-01 2024-09-30 SC126966 c:Director2 2023-10-01 2024-09-30 SC126966 c:Director3 2023-10-01 2024-09-30 SC126966 c:RegisteredOffice 2023-10-01 2024-09-30 SC126966 d:Buildings 2023-10-01 2024-09-30 SC126966 d:Buildings 2024-09-30 SC126966 d:Buildings 2023-09-30 SC126966 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC126966 d:PlantMachinery 2023-10-01 2024-09-30 SC126966 d:PlantMachinery 2024-09-30 SC126966 d:PlantMachinery 2023-09-30 SC126966 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC126966 d:MotorVehicles 2023-10-01 2024-09-30 SC126966 d:MotorVehicles 2024-09-30 SC126966 d:MotorVehicles 2023-09-30 SC126966 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC126966 d:FurnitureFittings 2023-10-01 2024-09-30 SC126966 d:FurnitureFittings 2024-09-30 SC126966 d:FurnitureFittings 2023-09-30 SC126966 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC126966 d:ComputerEquipment 2023-10-01 2024-09-30 SC126966 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC126966 d:CurrentFinancialInstruments 2024-09-30 SC126966 d:CurrentFinancialInstruments 2023-09-30 SC126966 d:Non-currentFinancialInstruments 2024-09-30 SC126966 d:Non-currentFinancialInstruments 2023-09-30 SC126966 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 SC126966 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC126966 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 SC126966 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 SC126966 d:ShareCapital 2024-09-30 SC126966 d:ShareCapital 2023-09-30 SC126966 d:SharePremium 2024-09-30 SC126966 d:SharePremium 2023-09-30 SC126966 d:RetainedEarningsAccumulatedLosses 2024-09-30 SC126966 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC126966 c:OrdinaryShareClass1 2023-10-01 2024-09-30 SC126966 c:OrdinaryShareClass1 2024-09-30 SC126966 c:OrdinaryShareClass1 2023-09-30 SC126966 c:FRS102 2023-10-01 2024-09-30 SC126966 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC126966 c:FullAccounts 2023-10-01 2024-09-30 SC126966 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC126966 2 2023-10-01 2024-09-30 SC126966 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC126966










LAM-ART (DUNDEE) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LAM-ART (DUNDEE) LIMITED
 

COMPANY INFORMATION


Directors
Mr R Dunn 
Mr D Campbell 
Mr D Urquhart 




Registered number
SC126966



Registered office
122 Liff Road

Dundee

DD2 2TP




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
LAM-ART (DUNDEE) LIMITED
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LAM-ART (DUNDEE) LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lam-Art (Dundee) Limited for the year ended 30 September 2024 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of directors of Lam-Art (Dundee) Limited, as a body, in accordance with the terms of our engagement letter dated 9 February 2024Our work has been undertaken solely to prepare for your approval the financial statements of Lam-Art (Dundee) Limited and state those matters that we have agreed to state to the Board of directors of Lam-Art (Dundee) Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lam-Art (Dundee) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Lam-Art (Dundee) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lam-Art (Dundee) Limited. You consider that Lam-Art (Dundee) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Lam-Art (Dundee) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
14 City Quay
Dundee
DD1 3JA
13 June 2025
Page 1

 
LAM-ART (DUNDEE) LIMITED
REGISTERED NUMBER: SC126966

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible Fixed Assets
 3 
259,823
276,170

  
259,823
276,170

Current assets
  

Stocks
  
121,500
121,500

Debtors: amounts falling due within one year
 4 
828,456
742,456

Cash at bank and in hand
  
125
13,248

  
950,081
877,204

Creditors: amounts falling due within one year
 5 
(1,093,273)
(1,064,916)

Net current liabilities
  
 
 
(143,192)
 
 
(187,712)

Total assets less current liabilities
  
116,631
88,458

Creditors: amounts falling due after more than one year
 6 
(86,875)
(55,226)

Provisions for liabilities
  

Deferred tax
  
(11,134)
-

  
 
 
(11,134)
 
 
-

Net assets
  
18,622
33,232


Capital and reserves
  

Called up share capital 
 7 
12,624
12,624

Share premium account
  
87,376
87,376

Profit and loss account
  
(81,378)
(66,768)

  
18,622
33,232


Page 2

 
LAM-ART (DUNDEE) LIMITED
REGISTERED NUMBER: SC126966

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 13 June 2025.




Mr R Dunn
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
LAM-ART (DUNDEE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Lam-Art (Dundee) Limited is a private company, limited by shares, incorporated in Scotland with the registration number SC126966. The registered office is 122 Liff Road, Dundee, DD2 2TP.

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
LAM-ART (DUNDEE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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 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.


 
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, using both the straight line and reducing balance method..

Depreciation is provided on the following basis:

Freehold property
-
10% straight line
Plant and machinery
-
10% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
20% straight line
Computer equipment (included within plant and machinery)
-
25% 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.

Page 5

 
LAM-ART (DUNDEE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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 first in, first out 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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


TANGIBLE FIXED ASSETS





Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
342,962
247,641
38,495
7,724
636,822


Additions
-
1,709
-
-
1,709



At 30 September 2024

342,962
249,350
38,495
7,724
638,531



Depreciation


At 1 October 2023
138,209
199,024
15,695
7,724
360,652


Charge for the year on owned assets
5,598
6,758
5,700
-
18,056



At 30 September 2024

143,807
205,782
21,395
7,724
378,708



Net book value



At 30 September 2024
199,155
43,568
17,100
-
259,823



At 30 September 2023
204,753
48,617
22,800
-
276,170

Page 6

 
LAM-ART (DUNDEE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Debtors

2024
2023
£
£


Trade debtors
806,845
720,107

Other debtors
1,050
5,650

Prepayments and accrued income
20,561
16,699

828,456
742,456



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
37,520
-

Bank loans
62,036
41,600

Trade creditors
322,727
285,459

Other taxation and social security
404,195
303,864

Obligations under finance lease and hire purchase contracts
8,609
9,062

Other creditors
246,919
398,365

Accruals and deferred income
11,267
26,566

1,093,273
1,064,916



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
83,541
43,283

Net obligations under finance leases and hire purchase contracts
3,334
11,943

86,875
55,226


Page 7

 
LAM-ART (DUNDEE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



12,624 (2023 - 12,624) Ordinary shares of £1.00 each
12,624
12,624



Page 8