Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312157The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-08-01falseNo description of principal activity22false 07262125 2022-08-01 2023-07-31 07262125 2021-08-01 2022-07-31 07262125 2023-07-31 07262125 2022-07-31 07262125 c:Director1 2022-08-01 2023-07-31 07262125 d:OfficeEquipment 2022-08-01 2023-07-31 07262125 d:OfficeEquipment 2023-07-31 07262125 d:OfficeEquipment 2022-07-31 07262125 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07262125 d:Goodwill 2022-08-01 2023-07-31 07262125 d:Goodwill 2023-07-31 07262125 d:Goodwill 2022-07-31 07262125 d:CurrentFinancialInstruments 2023-07-31 07262125 d:CurrentFinancialInstruments 2022-07-31 07262125 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07262125 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07262125 d:ShareCapital 2023-07-31 07262125 d:ShareCapital 2022-07-31 07262125 d:RetainedEarningsAccumulatedLosses 2023-07-31 07262125 d:RetainedEarningsAccumulatedLosses 2022-07-31 07262125 c:FRS102 2022-08-01 2023-07-31 07262125 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07262125 c:FullAccounts 2022-08-01 2023-07-31 07262125 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07262125 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-08-01 2023-07-31 07262125 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-31 07262125 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-31 07262125 2 2022-08-01 2023-07-31 07262125 d:Goodwill d:OwnedIntangibleAssets 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 07262125










SIMON PAIN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
SIMON PAIN LIMITED
REGISTERED NUMBER: 07262125

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,250
6,000

Tangible assets
 5 
70
300

  
5,320
6,300

Current assets
  

Debtors: amounts falling due within one year
 6 
74,059
79,701

Cash at bank and in hand
  
2,085
335

  
76,144
80,036

Creditors: amounts falling due within one year
 7 
(32,206)
(26,601)

Net current assets
  
 
 
43,938
 
 
53,435

Total assets less current liabilities
  
49,258
59,735

  

Net assets
  
49,258
59,735


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
49,158
59,635

  
49,258
59,735


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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
SIMON PAIN LIMITED
REGISTERED NUMBER: 07262125
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 November 2023.




S J Pain
Director

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

Page 2

 
SIMON PAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The company's principal activity is the provision of medical services. The principal place of business is Norwich.

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

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SIMON PAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

Other 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.

 
2.7

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:

Office equipment
-
25%
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.

Page 4

 
SIMON PAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

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 2 (2022 - 2).

Page 5

 
SIMON PAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 August 2022
15,000



At 31 July 2023

15,000



Amortisation


At 1 August 2022
9,000


Charge for the year on owned assets
750



At 31 July 2023

9,750



Net book value



At 31 July 2023
5,250



At 31 July 2022
6,000



Page 6

 
SIMON PAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2022
899


Additions
104



At 31 July 2023

1,003



Depreciation


At 1 August 2022
599


Charge for the year on owned assets
334



At 31 July 2023

933



Net book value



At 31 July 2023
70



At 31 July 2022
300


6.


Debtors

2023
2022
£
£


Trade debtors
7,847
8,152

Other debtors
66,212
71,549

74,059
79,701


Page 7

 
SIMON PAIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,693
1,803

Other taxation and social security
27,081
22,098

Accruals and deferred income
3,432
2,700

32,206
26,601



8.


Transactions with directors

At 1 August 2022 the directors owed the company £71,549. During the year the company met personal expenses of £762 and the directors introduced £7,496. Interest of £1,395 was charged.
As a result, at 31 July 2023 the company was owed £66,210 by the directors.

 
Page 8