Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06545541 2022-04-01 2023-03-31 06545541 2021-04-01 2022-03-31 06545541 2023-03-31 06545541 2022-03-31 06545541 c:Director1 2022-04-01 2023-03-31 06545541 d:Buildings 2022-04-01 2023-03-31 06545541 d:Buildings 2023-03-31 06545541 d:Buildings 2022-03-31 06545541 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06545541 d:OfficeEquipment 2022-04-01 2023-03-31 06545541 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06545541 d:OtherPropertyPlantEquipment 2023-03-31 06545541 d:OtherPropertyPlantEquipment 2022-03-31 06545541 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06545541 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06545541 d:Goodwill 2022-04-01 2023-03-31 06545541 d:Goodwill 2023-03-31 06545541 d:Goodwill 2022-03-31 06545541 d:CurrentFinancialInstruments 2023-03-31 06545541 d:CurrentFinancialInstruments 2022-03-31 06545541 d:Non-currentFinancialInstruments 2023-03-31 06545541 d:Non-currentFinancialInstruments 2022-03-31 06545541 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06545541 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06545541 d:ShareCapital 2023-03-31 06545541 d:ShareCapital 2022-03-31 06545541 d:RetainedEarningsAccumulatedLosses 2023-03-31 06545541 d:RetainedEarningsAccumulatedLosses 2022-03-31 06545541 c:FRS102 2022-04-01 2023-03-31 06545541 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06545541 c:FullAccounts 2022-04-01 2023-03-31 06545541 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06545541 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06545541 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 06545541 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 06545541









PLUNKETT & MURREY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
PLUNKETT & MURREY LIMITED
REGISTERED NUMBER: 06545541

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
13,045
14,695

  
13,045
14,695

Current assets
  

Debtors: amounts falling due after more than one year
 6 
15,000
-

Debtors: amounts falling due within one year
 6 
46,529
78,148

Cash at bank and in hand
  
98,751
125,247

  
160,280
203,395

Creditors: amounts falling due within one year
 7 
(40,049)
(47,488)

Net current assets
  
 
 
120,231
 
 
155,907

Total assets less current liabilities
  
133,276
170,602

Provisions for liabilities
  

Deferred tax
 8 
(2,997)
(3,367)

Net assets
  
130,279
167,235


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
130,269
167,225

  
130,279
167,235


Page 1

 
PLUNKETT & MURREY LIMITED
REGISTERED NUMBER: 06545541

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 profit and loss account 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 5 October 2023.




Mr J D Reid
Director

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

Page 2

 
PLUNKETT & MURREY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Plunkett & Murrey Limited is a private company, limited by shares, incorporated in England and Wales, with a company registration number of 06545541. The address of the registered office is Anglia House, 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.
The financial statements are prepared 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The director is continually assessing the impact of the current economic climate. They have not encountered any significant adverse impacts as a result, and have traded profitably. Therefore, the director deems it appropriate to prepare the accounts on a going concern basis.

 
2.3

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.

 
2.4

Interest income

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

Page 3

 
PLUNKETT & MURREY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.

Page 4

 
PLUNKETT & MURREY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%
straight line

 
2.8

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:

Freehold property
-
Office equipment
-
25%
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
PLUNKETT & MURREY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
325,505



At 31 March 2023

325,505



Amortisation


At 1 April 2022
325,505



At 31 March 2023

325,505



Net book value



At 31 March 2023
-



At 31 March 2022
-




5.


Tangible fixed assets





Land and buildings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
-
44,654
44,654


Additions
2,928
-
2,928



At 31 March 2023

2,928
44,654
47,582



Depreciation


At 1 April 2022
-
29,959
29,959


Charge for the year on owned assets
924
3,654
4,578



At 31 March 2023

924
33,613
34,537



Net book value



At 31 March 2023
2,004
11,041
13,045



At 31 March 2022
-
14,695
14,695

Page 6

 
PLUNKETT & MURREY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Trade debtors
15,000
-

15,000
-


2023
2022
£
£

Due within one year

Trade debtors
18,536
45,000

Amounts owed by joint ventures and associated undertakings
16,090
14,715

Other debtors
9,442
16,648

Prepayments and accrued income
2,461
1,785

46,529
78,148



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,214
1,985

Corporation tax
21,200
29,551

Other taxation and social security
13,457
13,557

Other creditors
332
244

Accruals and deferred income
2,846
2,151

40,049
47,488



8.


Deferred taxation




2023


£






At beginning of year
3,367


Charged to profit or loss
(370)



At end of year
2,997

Page 7

 
PLUNKETT & MURREY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
2,997
3,367

2,997
3,367


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £31,440 (2022 - £101,368). Contributions totalling £259 (2022 - £244) were payable to the fund at the balance sheet date.


Page 8