Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-03-01No description of principal activity55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC678068 2024-03-01 2024-12-31 SC678068 2023-03-01 2024-02-29 SC678068 2024-12-31 SC678068 2024-02-29 SC678068 c:Director1 2024-03-01 2024-12-31 SC678068 c:Director2 2024-03-01 2024-12-31 SC678068 c:RegisteredOffice 2024-03-01 2024-12-31 SC678068 d:PlantMachinery 2024-03-01 2024-12-31 SC678068 d:PlantMachinery 2024-12-31 SC678068 d:PlantMachinery 2024-02-29 SC678068 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2024-12-31 SC678068 d:ComputerEquipment 2024-03-01 2024-12-31 SC678068 d:ComputerEquipment 2024-12-31 SC678068 d:ComputerEquipment 2024-02-29 SC678068 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-03-01 2024-12-31 SC678068 d:OwnedOrFreeholdAssets 2024-03-01 2024-12-31 SC678068 d:CurrentFinancialInstruments 2024-12-31 SC678068 d:CurrentFinancialInstruments 2024-02-29 SC678068 d:Non-currentFinancialInstruments 2024-12-31 SC678068 d:Non-currentFinancialInstruments 2024-02-29 SC678068 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 SC678068 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 SC678068 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 SC678068 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 SC678068 d:ShareCapital 2024-12-31 SC678068 d:ShareCapital 2024-02-29 SC678068 d:RetainedEarningsAccumulatedLosses 2024-12-31 SC678068 d:RetainedEarningsAccumulatedLosses 2024-02-29 SC678068 c:OrdinaryShareClass1 2024-03-01 2024-12-31 SC678068 c:OrdinaryShareClass1 2024-12-31 SC678068 c:OrdinaryShareClass1 2024-02-29 SC678068 c:OrdinaryShareClass2 2024-03-01 2024-12-31 SC678068 c:OrdinaryShareClass2 2024-12-31 SC678068 c:FRS102 2024-03-01 2024-12-31 SC678068 c:AuditExempt-NoAccountantsReport 2024-03-01 2024-12-31 SC678068 c:FullAccounts 2024-03-01 2024-12-31 SC678068 c:PrivateLimitedCompanyLtd 2024-03-01 2024-12-31 SC678068 e:PoundSterling 2024-03-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC678068










RASTECH LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

 
RASTECH LTD
 

COMPANY INFORMATION


Directors
Dr A J Whiston 
Ms S A Whiston 




Registered number
SC678068



Registered office
Rastech
Eden Campus

By Chipping Yard Main Street

Guardbridge

St. Andrews

KY16 0US




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
RASTECH LTD
REGISTERED NUMBER: SC678068

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

31 December
29 February
2024
2024
£
£

Fixed assets
  

Tangible assets
 4 
148,374
133,916

  
148,374
133,916

Current assets
  

Stocks
  
10,350
-

Debtors: amounts falling due within one year
 5 
56,532
66,508

Cash at bank and in hand
  
15,201
5,402

  
82,083
71,910

Creditors: amounts falling due within one year
 6 
(53,536)
(270,843)

Net current assets/(liabilities)
  
 
 
28,547
 
 
(198,933)

Total assets less current liabilities
  
176,921
(65,017)

Creditors: amounts falling due after more than one year
 7 
(419,046)
(105,197)

Provisions for liabilities
  

Deferred tax
  
-
(667)

  
 
 
-
 
 
(667)

Net liabilities
  
(242,125)
(170,881)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(242,126)
(170,882)

  
(242,125)
(170,881)


Page 1

 
RASTECH LTD
REGISTERED NUMBER: SC678068

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 period 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 19 June 2025.




Ms S A Whiston
Director

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

Page 2

 
RASTECH LTD
 

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

1.


General information

Rastech Ltd is a private company, limited by shares, incorporated in Scotland with registration number SC678068. The registered office is Rastech, Eden Campus, By Chipping Yard Main Street, Guardbridge, St.Andrews, KY16 0US.
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

 
RASTECH LTD
 

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

2.Accounting policies (continued)

 
2.3

Grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
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 period 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

 
RASTECH LTD
 

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

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Computer equipment
-
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.

 
2.7

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

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


3.


Employees

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

Page 5

 
RASTECH LTD
 

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

4.


Tangible fixed assets







Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2024
149,810
803
150,613


Additions
28,590
-
28,590


Disposals
(190)
(297)
(487)



At 31 December 2024

178,210
506
178,716



Depreciation


At 1 March 2024
16,530
167
16,697


Charge for the period on owned assets
13,506
139
13,645



At 31 December 2024

30,036
306
30,342



Net book value



At 31 December 2024
148,174
200
148,374



At 29 February 2024
133,280
636
133,916


5.


Debtors

31 December
29 February
2024
2024
£
£


Trade debtors
463
44,516

Other debtors
6,504
21,992

Tax recoverable
49,565
-

56,532
66,508


Page 6

 
RASTECH LTD
 

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

6.


Creditors: Amounts falling due within one year

31 December
29 February
2024
2024
£
£

Other loans
4,167
-

Trade creditors
9,626
1,958

Other taxation and social security
2,515
15,804

Other creditors
17,351
249,432

Accruals and deferred income
19,877
3,649

53,536
270,843



7.


Creditors: Amounts falling due after more than one year

31 December
29 February
2024
2024
£
£

Other loans
5,833
-

Other creditors
401,962
105,197

Grants received
11,251
-

419,046
105,197



8.


Share capital

31 December
29 February
2024
2024
£
£
Allotted, called up and fully paid



90 (2024 - 100) Ordinary shares of £0.01 each
0.90
1.00
10 (2024 - Nil) B Ordinary shares of £0.01 each
0.10
-

1.00

1.00

On 18 October 2024, 10 Ordinary shares of £0.01 each were reclassified as 10 Ordinary B shares of £0.01 each.



Page 7