Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31132024-04-01No description of principal activityfalse10falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC445629 2024-04-01 2025-03-31 SC445629 2023-04-01 2024-03-31 SC445629 2025-03-31 SC445629 2024-03-31 SC445629 c:Director1 2024-04-01 2025-03-31 SC445629 c:RegisteredOffice 2024-04-01 2025-03-31 SC445629 d:Buildings 2024-04-01 2025-03-31 SC445629 d:Buildings 2025-03-31 SC445629 d:Buildings 2024-03-31 SC445629 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC445629 d:Buildings d:LongLeaseholdAssets 2024-04-01 2025-03-31 SC445629 d:Buildings d:LongLeaseholdAssets 2025-03-31 SC445629 d:Buildings d:LongLeaseholdAssets 2024-03-31 SC445629 d:PlantMachinery 2024-04-01 2025-03-31 SC445629 d:PlantMachinery 2025-03-31 SC445629 d:PlantMachinery 2024-03-31 SC445629 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC445629 d:MotorVehicles 2024-04-01 2025-03-31 SC445629 d:MotorVehicles 2025-03-31 SC445629 d:MotorVehicles 2024-03-31 SC445629 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC445629 d:FurnitureFittings 2024-04-01 2025-03-31 SC445629 d:FurnitureFittings 2025-03-31 SC445629 d:FurnitureFittings 2024-03-31 SC445629 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC445629 d:OfficeEquipment 2024-04-01 2025-03-31 SC445629 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 SC445629 d:CurrentFinancialInstruments 2025-03-31 SC445629 d:CurrentFinancialInstruments 2024-03-31 SC445629 d:Non-currentFinancialInstruments 2025-03-31 SC445629 d:Non-currentFinancialInstruments 2024-03-31 SC445629 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC445629 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC445629 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC445629 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC445629 d:ShareCapital 2025-03-31 SC445629 d:ShareCapital 2024-03-31 SC445629 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC445629 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC445629 c:OrdinaryShareClass1 2024-04-01 2025-03-31 SC445629 c:OrdinaryShareClass1 2025-03-31 SC445629 c:OrdinaryShareClass1 2024-03-31 SC445629 c:FRS102 2024-04-01 2025-03-31 SC445629 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC445629 c:FullAccounts 2024-04-01 2025-03-31 SC445629 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC445629 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC445629










LADYBANK COMMERCIAL REFURB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
LADYBANK COMMERCIAL REFURB LIMITED
 

COMPANY INFORMATION


Director
Mr M Riddell 




Registered number
SC445629



Registered office
Broomfield Farm
Ladybank

Fife

KY15 7RD




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
LADYBANK COMMERCIAL REFURB LIMITED
REGISTERED NUMBER: SC445629

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
£
£

Fixed assets
  

Tangible fixed assets
  
732,827
709,771

  
732,827
709,771

Current assets
  

Stocks
  
3,000
3,000

Debtors: amounts falling due within one year
 5 
353,259
290,099

Bank and cash balances
  
124,891
43,918

  
481,150
337,017

Creditors: amounts falling due within one year
 6 
(362,884)
(324,745)

Net current assets
  
 
 
118,266
 
 
12,272

Total assets less current liabilities
  
851,093
722,043

Creditors: amounts falling due after more than one year
 7 
(238,664)
(256,660)

Provisions for liabilities
  

Deferred tax
  
(64,769)
(57,809)

  
 
 
(64,769)
 
 
(57,809)

Accruals and deferred income
 8 
(126,000)
(80,000)

Net assets
  
421,660
327,574


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
421,658
327,572

  
421,660
327,574


Page 1

 
LADYBANK COMMERCIAL REFURB LIMITED
REGISTERED NUMBER: SC445629

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 21 August 2025.




Mr M Riddell
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
LADYBANK COMMERCIAL REFURB LIMITED
 

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

1.


General information

Ladybank Commercial Refurb Limited is a private company, limited by shares, incorporated in Scotland with registration number SC445629. The registered office is Broomfield Farm, Ladybank, Fife, KY15 7RD.
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.

 
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:

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

Government 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.

Page 3

 
LADYBANK COMMERCIAL REFURB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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

 
LADYBANK COMMERCIAL REFURB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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 a reducing balance basis.

Depreciation is provided on the following basis:

Assets under construction
-
Not depreciated
Tenants improvements
-
Not depreciated
Plant and machinery
-
20%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Fixtures and fittings
-
20%
Reducing Balance
Office equipment
-
20%
Reducing Balance

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.

Page 5

 
LADYBANK COMMERCIAL REFURB LIMITED
 

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

2.Accounting policies (continued)

 
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.

 
2.9

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 13 (2024 - 10).

Page 6
 


 
LADYBANK COMMERCIAL REFURB LIMITED


 

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


4.


Tangible fixed assets






Assets under construction
Tenants improvements
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2024
456,158
-
384,533
56,118
7,549
904,358


Additions
61,684
-
22,000
-
-
83,684


Disposals
-
-
(11,750)
-
-
(11,750)


Transfers between classes
(517,842)
517,842
-
-
-
-



At 31 March 2025

-
517,842
394,783
56,118
7,549
976,292



Depreciation


At 1 April 2024
-
-
147,928
41,397
5,262
194,587


Charge for the year on owned assets
-
-
47,096
3,680
457
51,233


Disposals
-
-
(2,355)
-
-
(2,355)



At 31 March 2025

-
-
192,669
45,077
5,719
243,465



Net book value



At 31 March 2025
-
517,842
202,114
11,041
1,830
732,827



At 31 March 2024
456,158
-
236,605
14,721
2,287
709,771

Page 7
 
LADYBANK COMMERCIAL REFURB LIMITED
 

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

5.


Debtors

2025
2024
£
£


Trade debtors
352,271
285,201

Other debtors
250
4,104

Prepayments and accrued income
738
794

353,259
290,099



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
10,000
10,000

Trade creditors
70,635
112,757

Other taxation and social security
100,211
36,279

Obligations under finance lease and hire purchase contracts
47,996
47,996

Other creditors
108,664
105,026

Accruals and deferred income
25,378
12,687

362,884
324,745


The obligations under finance lease and hire purchase contracts balance of £47,996 (2024 - £47,996) is secured over the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
1,667
11,667

Net obligations under finance leases and hire purchase contracts
26,997
74,993

Other creditors
210,000
170,000

238,664
256,660


The obligations under finance lease and hire purchase contracts balance of £26,997 (2023 - £74,993) is secured over the assets to which they relate.

Page 8

 
LADYBANK COMMERCIAL REFURB LIMITED
 

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

8.


Accruals and deferred income

2025
2024
£
£

Grants
126,000
80,000

126,000
80,000


Page 9

 
LADYBANK COMMERCIAL REFURB LIMITED
 

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

9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



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



Page 10