Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01false1No description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC361560 2023-10-01 2024-09-30 SC361560 2022-10-01 2023-09-30 SC361560 2024-09-30 SC361560 2023-09-30 SC361560 c:Director1 2023-10-01 2024-09-30 SC361560 c:RegisteredOffice 2023-10-01 2024-09-30 SC361560 d:Buildings 2023-10-01 2024-09-30 SC361560 d:Buildings 2024-09-30 SC361560 d:Buildings 2023-09-30 SC361560 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC361560 d:PlantMachinery 2023-10-01 2024-09-30 SC361560 d:PlantMachinery 2024-09-30 SC361560 d:PlantMachinery 2023-09-30 SC361560 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC361560 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC361560 d:CurrentFinancialInstruments 2024-09-30 SC361560 d:CurrentFinancialInstruments 2023-09-30 SC361560 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 SC361560 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC361560 d:ShareCapital 2024-09-30 SC361560 d:ShareCapital 2023-09-30 SC361560 d:RetainedEarningsAccumulatedLosses 2024-09-30 SC361560 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC361560 c:OrdinaryShareClass1 2023-10-01 2024-09-30 SC361560 c:OrdinaryShareClass1 2024-09-30 SC361560 c:OrdinaryShareClass1 2023-09-30 SC361560 c:FRS102 2023-10-01 2024-09-30 SC361560 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC361560 c:FullAccounts 2023-10-01 2024-09-30 SC361560 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC361560 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC361560










GOING BALLISTIC LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
GOING BALLISTIC LTD
 

COMPANY INFORMATION


Director
Steven Todd 




Registered number
SC361560



Registered office
1 Keir Street

Cowdenbeath

Fife

KY4 9DS




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
GOING BALLISTIC LTD
REGISTERED NUMBER: SC361560

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
19,912
24,555

  
19,912
24,555

Current assets
  

Stocks
  
2,883
1,743

Debtors: amounts falling due within one year
 5 
15,487
22,130

Cash at bank and in hand
  
15,820
11,378

  
34,190
35,251

Creditors: amounts falling due within one year
 6 
(22,971)
(20,576)

Net current assets
  
 
 
11,219
 
 
14,675

Total assets less current liabilities
  
31,131
39,230

  

Net assets
  
31,131
39,230


Capital and reserves
  

Called up share capital 
 7 
75
75

Profit and loss account
  
31,056
39,155

  
31,131
39,230


Page 1

 
GOING BALLISTIC LTD
REGISTERED NUMBER: SC361560

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 by: 




Steven Todd
Director

Date: 29 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GOING BALLISTIC LTD
 

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

1.


General information

Going Ballistic Ltd is a private company, limited by shares and incorporated in Scotland, registration number SC361560. The registered office address is 1 Keir Street, Cowdenbeath, Fife, KY4 9DS.
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

 
GOING BALLISTIC LTD
 

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

2.Accounting policies (continued)

 
2.3

Taxation

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.


 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Heritable property
-
10% Straight line
Plant and machinery
-
20% Reducing balance & 20% 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.

 
2.5

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.

 
2.6

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.

Page 4

 
GOING BALLISTIC LTD
 

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

2.Accounting policies (continued)

 
2.7

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 1 (2023 - 1).


4.


Tangible fixed assets





Heritable property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 October 2023
2,221
37,497
39,718


Additions
-
2,631
2,631


Disposals
-
(220)
(220)



At 30 September 2024

2,221
39,908
42,129



Depreciation


At 1 October 2023
842
14,321
15,163


Charge for the year on owned assets
222
7,052
7,274


Disposals
-
(220)
(220)



At 30 September 2024

1,064
21,153
22,217



Net book value



At 30 September 2024
1,157
18,755
19,912



At 30 September 2023
1,379
23,176
24,555




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Heritable
1,157
1,379


Page 5

 
GOING BALLISTIC LTD
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
-
6,663

Other debtors
15,000
15,000

Prepayments and accrued income
487
467

15,487
22,130



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
3,895

Other creditors
22,971
16,681

22,971
20,576



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



75 (2023 - 75) Ordinary shares of £1.00 each
75
75



Page 6