Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsetrue2022-04-01The company incorporated on 26 March 2021. The company's principle activity is that of specialised medical practice activities.22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13295228 2022-04-01 2023-03-31 13295228 2021-09-13 2022-03-31 13295228 2023-03-31 13295228 2022-03-31 13295228 c:Director2 2022-04-01 2023-03-31 13295228 d:FurnitureFittings 2022-04-01 2023-03-31 13295228 d:FurnitureFittings 2023-03-31 13295228 d:FurnitureFittings 2022-03-31 13295228 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13295228 d:CurrentFinancialInstruments 2023-03-31 13295228 d:CurrentFinancialInstruments 2022-03-31 13295228 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13295228 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13295228 d:ShareCapital 2023-03-31 13295228 d:ShareCapital 2022-03-31 13295228 d:RetainedEarningsAccumulatedLosses 2023-03-31 13295228 d:RetainedEarningsAccumulatedLosses 2022-03-31 13295228 c:FRS102 2022-04-01 2023-03-31 13295228 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13295228 c:FullAccounts 2022-04-01 2023-03-31 13295228 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13295228 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 13295228


 
 
 
 
 
 
 
 
 
 
DR PAUL MALLETT AND PARTNERS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
DR PAUL MALLETT AND PARTNERS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
DR PAUL MALLETT AND PARTNERS LTD
REGISTERED NUMBER:13295228

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
922
490

  
922
490

Current assets
  

Debtors: amounts falling due within one year
 5 
234,855
169,796

Bank and cash balances
  
252,177
119,769

  
487,032
289,565

Creditors: amounts falling due within one year
 6 
(167,200)
(101,880)

Net current assets
  
 
 
319,832
 
 
187,685

Total assets less current liabilities
  
320,754
188,175

Provisions for liabilities
  

Deferred tax
  
(231)
(123)

  
 
 
(231)
 
 
(123)

Net assets
  
320,523
188,052


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
320,423
187,952

  
320,523
188,052


Page 1

 
DR PAUL MALLETT AND PARTNERS LTD
REGISTERED NUMBER:13295228
    
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: 




................................................
Mrs Rachel Mallett
Director

Date: 15 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Dr Paul Mallet and Partners Limited is a compamy limited by shares, incorporated in England and Wales, registration number 13295228. The address of the registered office is Prospect House, 1st Floor, Rouen Road, Norwich, NR1 1RE. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs.
Based on this, the Directors have concluded that the company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Turnover 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. 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 revenue 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 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.

Page 3

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Interest income

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

 
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 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.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
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

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
588


Additions
942



At 31 March 2023

1,530



Depreciation


At 1 April 2022
98


Charge for the Year on owned assets
510



At 31 March 2023

608



Net book value



At 31 March 2023
922


5.


Debtors

2023
2022
£
£


Trade debtors
179,612
151,050

Prepayments and accrued income
55,243
18,746

234,855
169,796


Page 6

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,206
3,375

Corporation tax
89,597
44,001

Other taxation and social security
60,321
42,097

Other creditors
9,150
10,174

Accruals and deferred income
1,926
2,233

167,200
101,880


 
Page 7