Caseware UK (AP4) 2023.0.135 2023.0.135 22022-05-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12568105 2022-05-01 2023-04-30 12568105 2021-05-01 2022-04-30 12568105 2023-04-30 12568105 2022-04-30 12568105 c:Director1 2022-05-01 2023-04-30 12568105 d:MotorVehicles 2022-05-01 2023-04-30 12568105 d:MotorVehicles 2023-04-30 12568105 d:MotorVehicles 2022-04-30 12568105 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 12568105 d:OfficeEquipment 2022-05-01 2023-04-30 12568105 d:OfficeEquipment 2023-04-30 12568105 d:OfficeEquipment 2022-04-30 12568105 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 12568105 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 12568105 d:CurrentFinancialInstruments 2023-04-30 12568105 d:CurrentFinancialInstruments 2022-04-30 12568105 d:Non-currentFinancialInstruments 2023-04-30 12568105 d:Non-currentFinancialInstruments 2022-04-30 12568105 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 12568105 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 12568105 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 12568105 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 12568105 d:ShareCapital 2023-04-30 12568105 d:ShareCapital 2022-04-30 12568105 d:RetainedEarningsAccumulatedLosses 2023-04-30 12568105 d:RetainedEarningsAccumulatedLosses 2022-04-30 12568105 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 12568105 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 12568105 c:FRS102 2022-05-01 2023-04-30 12568105 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 12568105 c:FullAccounts 2022-05-01 2023-04-30 12568105 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 12568105










Kate Pincott Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 April 2023

 
Kate Pincott Limited
Registered number: 12568105

Balance Sheet
As at 30 April 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
60,249
40,829

  
60,249
40,829

Current assets
  

Cash at bank and in hand
 5 
7,198
42,127

  
7,198
42,127

Creditors: amounts falling due within one year
 6 
(42,752)
(39,236)

Net current (liabilities)/assets
  
 
 
(35,554)
 
 
2,891

Total assets less current liabilities
  
24,695
43,720

Creditors: amounts falling due after more than one year
 7 
(19,410)
(3,993)

Provisions for liabilities
  

Deferred tax
 8 
-
(10,207)

  
 
 
-
 
 
(10,207)

Net assets
  
5,285
29,520


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
5,185
29,420

  
5,285
29,520


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 by: 


................................................
K Pincott
Director
Date: 5 February 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
Kate Pincott Limited
Registered number: 12568105

Balance Sheet (continued)
As at 30 April 2023


Page 2

 
Kate Pincott Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2023

1.


General information

The company is a private limited company, limited by share capital and incorporated within the United Kingdom, registration number 12568105. The company's registered office address is Tetherstones Stables 4, Hammerpond Road, Plummers Plain, Horsham, West Sussex, RH13 6PE.
The financial statements are presented in sterling and rounded to the nearest £1.

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

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

 
Kate Pincott Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2023

2.Accounting policies (continued)

 
2.4

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 balance sheet 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 balance sheet 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 balance sheet date.

 
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 and reducing balance method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance basis per annum
Office equipment
-
25%
straight line per annum

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

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.

Page 4

 
Kate Pincott Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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 - 1).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2022
33,300
19,794
53,094


Additions
29,459
9,008
38,467



At 30 April 2023

62,759
28,802
91,561



Depreciation


At 1 May 2022
6,938
5,327
12,265


Charge for the year on owned assets
12,728
6,319
19,047



At 30 April 2023

19,666
11,646
31,312



Net book value



At 30 April 2023
43,093
17,156
60,249



At 30 April 2022
26,362
14,467
40,829

Page 5

 
Kate Pincott Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,198
42,127

7,198
42,127



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
734
718

Other taxation and social security
4,698
11,585

Obligations under finance lease and hire purchase contracts
7,172
4,895

Other creditors
28,498
20,438

Accruals and deferred income
1,650
1,600

42,752
39,236



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
19,410
3,993

19,410
3,993


Page 6

 
Kate Pincott Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2023

8.


Deferred taxation




2023


£






At beginning of year
(10,207)


Charged to profit or loss
10,207



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(10,207)

-
(10,207)


9.


Related party transactions

During the year, the director continued to provide a loan to the company, interest free. At the year end the amount owed from the company to the director was £28,498 (2022 - £20,438) and this is included within creditors.


Page 7