Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05682464 2022-04-01 2023-03-31 05682464 2021-04-01 2022-03-31 05682464 2023-03-31 05682464 2022-03-31 05682464 c:Director1 2022-04-01 2023-03-31 05682464 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 05682464 d:Buildings d:LongLeaseholdAssets 2023-03-31 05682464 d:Buildings d:LongLeaseholdAssets 2022-03-31 05682464 d:Buildings d:ShortLeaseholdAssets 2022-04-01 2023-03-31 05682464 d:Buildings d:ShortLeaseholdAssets 2023-03-31 05682464 d:Buildings d:ShortLeaseholdAssets 2022-03-31 05682464 d:FurnitureFittings 2022-04-01 2023-03-31 05682464 d:FurnitureFittings 2023-03-31 05682464 d:FurnitureFittings 2022-03-31 05682464 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05682464 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05682464 d:Goodwill 2023-03-31 05682464 d:Goodwill 2022-03-31 05682464 d:CurrentFinancialInstruments 2023-03-31 05682464 d:CurrentFinancialInstruments 2022-03-31 05682464 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05682464 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05682464 d:ShareCapital 2023-03-31 05682464 d:ShareCapital 2022-03-31 05682464 d:RetainedEarningsAccumulatedLosses 2023-03-31 05682464 d:RetainedEarningsAccumulatedLosses 2022-03-31 05682464 c:FRS102 2022-04-01 2023-03-31 05682464 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05682464 c:FullAccounts 2022-04-01 2023-03-31 05682464 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05682464 2 2022-04-01 2023-03-31 05682464 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05682464 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 05682464










ANDREW MORTON ASSOCIATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ANDREW MORTON ASSOCIATES LIMITED
 

CONTENTS



Page
Statement of financial position
 
 
1 - 2
Notes to the financial statements
 
 
3 - 9


 
ANDREW MORTON ASSOCIATES LIMITED
REGISTERED NUMBER: 05682464

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
94,711
96,396

  
94,711
96,396

Current assets
  

Debtors: amounts falling due within one year
 6 
69,972
98,452

Cash at bank and in hand
  
88,959
40,023

  
158,931
138,475

Creditors: amounts falling due within one year
 7 
(56,032)
(40,108)

Net current assets
  
 
 
102,899
 
 
98,367

Total assets less current liabilities
  
197,610
194,763

Provisions for liabilities
  

Deferred tax
 8 
(4,988)
(5,405)

  
 
 
(4,988)
 
 
(5,405)

Net assets
  
192,622
189,358


Capital and reserves
  

Called up share capital 
  
500
500

Profit and loss account
  
192,122
188,858

  
192,622
189,358


Page 1

 
ANDREW MORTON ASSOCIATES LIMITED
REGISTERED NUMBER: 05682464
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 income statement 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: 




................................................
Mr A Morton
Director

Date: 20 October 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ANDREW MORTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Andrew Morton Associates Limited is a private company limited by shares and incorporated in England and Wales, registration number 05682464. The registered office is 80 Grove Lane, Holt, Norfolk, NR25 6ED.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.5

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays a fixed contribution into a separate entity. Once the contributions have been paid the Company has no further payment obligations. 

Page 3

 
ANDREW MORTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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 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.

 
2.7

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 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 statement of income and retained earnings over its useful economic life.

 
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.

Page 4

 
ANDREW MORTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

L/Term Leasehold Property Improvements
-
1%
straight line (over term of lease)
S/Term Leasehold Property Improvements
-
10%
straight line
Fixtures & fittings
-
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 the income statement. 

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the statement of financial position.

Page 5

 
ANDREW MORTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

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. 


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
20,000



At 31 March 2023

20,000



Amortisation


At 1 April 2022
20,000



At 31 March 2023

20,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 6

 
ANDREW MORTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





L/Term Leasehold Property
S/Term Leasehold Property
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2022
101,739
5,331
24,369
131,439


Additions
-
-
799
799


Disposals
-
-
(699)
(699)



At 31 March 2023

101,739
5,331
24,469
131,539



Depreciation


At 1 April 2022
12,959
533
21,551
35,043


Charge for the year on owned assets
1,017
533
897
2,447


Disposals
-
-
(662)
(662)



At 31 March 2023

13,976
1,066
21,786
36,828



Net book value



At 31 March 2023
87,763
4,265
2,683
94,711



At 31 March 2022
88,780
4,798
2,818
96,396

Page 7

 
ANDREW MORTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
22,539
36,541

Other debtors
17,229
18,799

Prepayments and accrued income
30,204
43,112

69,972
98,452



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,978
443

Corporation tax
18,026
20,830

Other taxation and social security
26,575
14,711

Other creditors
5,266
22

Accruals and deferred income
3,187
4,102

56,032
40,108



8.


Deferred taxation




2023


£






At beginning of year
(5,405)


Charged to profit or loss
417



At end of year
(4,988)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(4,988)
(5,405)

(4,988)
(5,405)

Page 8

 
ANDREW MORTON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

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 £10,914 (2022 - £11,006). Contributions totalling £73 (2022 - Nil) were payable to the fund at the reporting date.


10.


Transactions with directors

At the year end the directors owed the Company £17,229 and was repaid shortly after the year end (2022 - £18,799 owed by the directors to the Company).

 
Page 9