Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05549029 2022-03-01 2023-02-28 05549029 2021-03-01 2022-02-28 05549029 2023-02-28 05549029 2022-02-28 05549029 c:Director1 2022-03-01 2023-02-28 05549029 c:Director2 2022-03-01 2023-02-28 05549029 d:OfficeEquipment 2022-03-01 2023-02-28 05549029 d:OfficeEquipment 2023-02-28 05549029 d:OfficeEquipment 2022-02-28 05549029 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05549029 d:ComputerEquipment 2022-03-01 2023-02-28 05549029 d:ComputerEquipment 2023-02-28 05549029 d:ComputerEquipment 2022-02-28 05549029 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05549029 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05549029 d:CurrentFinancialInstruments 2023-02-28 05549029 d:CurrentFinancialInstruments 2022-02-28 05549029 d:Non-currentFinancialInstruments 2023-02-28 05549029 d:Non-currentFinancialInstruments 2022-02-28 05549029 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05549029 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 05549029 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 05549029 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 05549029 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 05549029 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-02-28 05549029 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 05549029 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 05549029 d:ShareCapital 2023-02-28 05549029 d:ShareCapital 2022-02-28 05549029 d:RetainedEarningsAccumulatedLosses 2023-02-28 05549029 d:RetainedEarningsAccumulatedLosses 2022-02-28 05549029 c:OrdinaryShareClass1 2022-03-01 2023-02-28 05549029 c:OrdinaryShareClass1 2023-02-28 05549029 c:OrdinaryShareClass1 2022-02-28 05549029 c:OrdinaryShareClass2 2022-03-01 2023-02-28 05549029 c:OrdinaryShareClass2 2023-02-28 05549029 c:OrdinaryShareClass2 2022-02-28 05549029 c:FRS102 2022-03-01 2023-02-28 05549029 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 05549029 c:FullAccounts 2022-03-01 2023-02-28 05549029 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05549029 2 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 05549029














PEARL PRINT MANAGEMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
PEARL PRINT MANAGEMENT LIMITED
REGISTERED NUMBER:05549029

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note

FIXED ASSETS
  

Tangible assets
 4 
6,585
7,581

 
CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
393,176
359,828

Cash at bank and in hand
  
99,031
171,781

  
492,207
531,609

Creditors: amounts falling due within one year
 6 
(381,135)
(404,520)

NET CURRENT ASSETS
  
 
 
111,072
 
 
127,089

TOTAL ASSETS LESS CURRENT LIABILITIES
  
117,657
134,670

Creditors: amounts falling due after more than one year
 7 
(22,501)
(32,502)

NET ASSETS
  
£95,156
£102,168


CAPITAL AND RESERVES
  

Called up share capital 
 9 
100
100

Profit and loss account
  
95,056
102,068

  
£95,156
£102,168


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 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 22 November 2023.


................................................
C N Vosper
................................................
P C G Cooper
Director
Director

The notes on pages 2 to 7 form part of these financial statements.
Page 1

 
PEARL PRINT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Pearl Print Management Limited is a private company, limited by shares, incorporated in England and Wales.
The company number is 05549029.
The registered office is 74 Lightermans Walk, Prospect Quay, Point Pleasant, London, SW18 1PS.

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 UK Sterling pounds (£) and rounded to the nearest pound.

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

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 2

 
PEARL PRINT MANAGEMENT LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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.

 
2.9

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.

 
2.10

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 3

 
PEARL PRINT MANAGEMENT LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

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
-
20%
Computer equipment
-
33%

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 
Page 4

 
PEARL PRINT MANAGEMENT LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)


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.

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.

 
2.15

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 4 (2022 -4).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total



Cost or valuation


At 1 March 2022
10,181
27,879
38,060


Additions
-
1,878
1,878



At 28 February 2023

10,181
29,757
39,938



Depreciation


At 1 March 2022
6,394
24,085
30,479


Charge for the year on owned assets
842
2,032
2,874



At 28 February 2023

7,236
26,117
33,353



Net book value



At 28 February 2023
£2,945
£3,640
£6,585



At 28 February 2022
£3,787
£3,794
£7,581

Page 5

 
PEARL PRINT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022


Trade debtors
346,695
344,717

Other debtors
42,888
11,578

Prepayments and accrued income
3,593
3,533

£393,176
£359,828



6.


Creditors: Amounts falling due within one year

2023
2022

Bank loans
10,001
10,000

Trade creditors
299,850
273,545

Corporation tax
33,755
28,384

Other taxation and social security
8,314
23,972

Other creditors
3,444
4,700

Accruals and deferred income
25,771
63,919

£381,135
£404,520



7.


Creditors: Amounts falling due after more than one year

2023
2022

Bank loans
22,501
32,502

£22,501
£32,502



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022

Amounts falling due within one year

Bank loans
10,001
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
12,501
22,502


£32,502
£42,502


Page 6

 
PEARL PRINT MANAGEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Share capital

2023
2022
Allotted, called up and fully paid



50 (2022 -50) Ordinary shares of £1.00 each
50
50
50 (2022 -50) A Ordinary shares of £1.00 each
50
50

£100

£100



10.


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 £39,024 (2022 - £5,240). Contributions totalling £278 (2022 - £278) were payable to the fund at the balance sheet date.


11.


Related party transactions

During the year the company paid rent totalling £37,705 (2022 - £37,863) to a pension fund owned and controlled by the directors. The amount due to the pension fund at the balance sheet date was £Nil (2022 - £Nil).

Page 7