Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3012022-07-01falseSoftware publishing1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09074865 2022-07-01 2023-06-30 09074865 2021-07-01 2022-06-30 09074865 2023-06-30 09074865 2022-06-30 09074865 c:Director1 2022-07-01 2023-06-30 09074865 d:FurnitureFittings 2022-07-01 2023-06-30 09074865 d:FurnitureFittings 2023-06-30 09074865 d:FurnitureFittings 2022-06-30 09074865 d:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 09074865 d:PatentsTrademarksLicencesConcessionsSimilar 2022-06-30 09074865 d:CurrentFinancialInstruments 2023-06-30 09074865 d:CurrentFinancialInstruments 2022-06-30 09074865 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09074865 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09074865 d:ShareCapital 2023-06-30 09074865 d:ShareCapital 2022-06-30 09074865 d:RetainedEarningsAccumulatedLosses 2023-06-30 09074865 d:RetainedEarningsAccumulatedLosses 2022-06-30 09074865 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 09074865 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-06-30 09074865 c:FRS102 2022-07-01 2023-06-30 09074865 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09074865 c:FullAccounts 2022-07-01 2023-06-30 09074865 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 09074865









MCCOMBIES.CO LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
MCCOMBIES.CO LTD
REGISTERED NUMBER: 09074865

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
628
628

Cash at bank and in hand
 7 
11,780
18,016

  
12,408
18,644

Creditors: amounts falling due within one year
 8 
(6,912)
(7,851)

Net current assets
  
 
 
5,496
 
 
10,793

Total assets less current liabilities
  
5,496
10,793

  

Net assets
  
5,496
10,793


Capital and reserves
  

Called up share capital 
  
160
160

Profit and loss account
  
5,336
10,633

  
5,496
10,793


Page 1

 
MCCOMBIES.CO LTD
REGISTERED NUMBER: 09074865
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 her 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 8 November 2023.




................................................
Heather McCombie
Director

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

Page 2

 
MCCOMBIES.CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

McCombies.Co Ltd is a private company incorporated in England and Wales, limited by its share capital.  The principal activity of the Company throughout the year was software publishing.

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 following principal accounting policies have been applied:

 
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

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 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.

 
2.4

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.

Page 3

 
MCCOMBIES.CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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:

Fixtures and fittings
-
3 years 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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Page 4

 
MCCOMBIES.CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

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 (2022 - 1).

Page 5

 
MCCOMBIES.CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Intellectual Property




Patents

£



Cost


At 1 July 2022
30,000



At 30 June 2023

30,000



Amortisation


At 1 July 2022
30,000



At 30 June 2023

30,000



Net book value



At 30 June 2023
-



At 30 June 2022
-



Page 6

 
MCCOMBIES.CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2022
4,434



At 30 June 2023

4,434



Depreciation


At 1 July 2022
4,434



At 30 June 2023

4,434



Net book value



At 30 June 2023
-



At 30 June 2022
-


6.


Debtors

2023
2022
£
£


Other debtors
628
628

628
628



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,780
18,016

11,780
18,016


Page 7

 
MCCOMBIES.CO LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1

Corporation tax
5,858
5,905

Other creditors
34
1,945

Accruals and deferred income
1,020
-

6,912
7,851



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
11,780
18,016




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Controlling party

The Company is controlled by the director, Heather McCombie, by virtue of her shareholding, as described in the Director's report.

 
Page 8