Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01falseNo description of principal activity44falsetrue 05489696 2022-08-01 2023-07-31 05489696 2021-08-01 2022-07-31 05489696 2023-07-31 05489696 2022-07-31 05489696 c:Director1 2022-08-01 2023-07-31 05489696 d:MotorVehicles 2022-08-01 2023-07-31 05489696 d:MotorVehicles 2023-07-31 05489696 d:MotorVehicles 2022-07-31 05489696 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05489696 d:FurnitureFittings 2022-08-01 2023-07-31 05489696 d:FurnitureFittings 2023-07-31 05489696 d:FurnitureFittings 2022-07-31 05489696 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05489696 d:ComputerEquipment 2022-08-01 2023-07-31 05489696 d:ComputerEquipment 2023-07-31 05489696 d:ComputerEquipment 2022-07-31 05489696 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05489696 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05489696 d:CurrentFinancialInstruments 2023-07-31 05489696 d:CurrentFinancialInstruments 2022-07-31 05489696 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05489696 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 05489696 d:ShareCapital 2023-07-31 05489696 d:ShareCapital 2022-07-31 05489696 d:RetainedEarningsAccumulatedLosses 2023-07-31 05489696 d:RetainedEarningsAccumulatedLosses 2022-07-31 05489696 c:FRS102 2022-08-01 2023-07-31 05489696 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05489696 c:FullAccounts 2022-08-01 2023-07-31 05489696 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05489696 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 05489696









PKC (UK) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023














 
PKC (UK) LIMITED
  
REGISTERED NUMBER:05489696

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
45,305
23,168

  
45,305
23,168

Current assets
  

Debtors: amounts falling due within one year
 5 
18,677
25,544

Cash at bank and in hand
  
1,253
11,693

  
19,930
37,237

Creditors: amounts falling due within one year
 6 
(61,037)
(39,797)

Net current liabilities
  
 
 
(41,107)
 
 
(2,560)

Total assets less current liabilities
  
4,198
20,608

  

Net assets
  
4,198
20,608


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,098
20,508

  
4,198
20,608

Page 1

 
PKC (UK) LIMITED
  
REGISTERED NUMBER:05489696
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 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 11 April 2024.




P Morrish
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
PKC (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

PKC (UK) Limited is a private company, limited by shares, domiciled in England. The registered office is Ty Hafan 2 Highcroft Court, Highcroft, Exeter, Devon, EX4 4RW.

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

Going concern

The director has considered the financial position of the company and notes that the company is in a net liability position. The company has the full support of the director.

 
2.3

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.

 
2.4

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.

Page 3

 
PKC (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 bases.

Depreciation is provided on the following basis:

Motor vehicles
-
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
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.

 
2.8

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.

Page 4

 
PKC (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

 
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 4 (2022 - 4).

Page 5

 
PKC (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2022
-
29,706
4,721
34,427


Additions
33,990
731
2,833
37,554



At 31 July 2023

33,990
30,437
7,554
71,981



Depreciation


At 1 August 2022
-
6,538
4,721
11,259


Charge for the year on owned assets
8,498
5,975
944
15,417



At 31 July 2023

8,498
12,513
5,665
26,676



Net book value



At 31 July 2023
25,492
17,924
1,889
45,305



At 31 July 2022
-
23,168
-
23,168


5.


Debtors

2023
2022
£
£


Trade debtors
12,475
25,294

Other debtors
6,202
-

Prepayments and accrued income
-
250

18,677
25,544


Page 6

 
PKC (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
7,623

Other taxation and social security
13,922
4,629

Other creditors
45,487
23,917

Accruals and deferred income
1,628
3,628

61,037
39,797


 
Page 7