Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false22023-04-01falseThe company incorporated on 26 March 2021. The company's principle activity is that of specialised medical practice activities.2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13295228 2023-04-01 2024-03-31 13295228 2022-04-01 2023-03-31 13295228 2024-03-31 13295228 2023-03-31 13295228 c:Director1 2023-04-01 2024-03-31 13295228 c:Director2 2023-04-01 2024-03-31 13295228 d:FurnitureFittings 2023-04-01 2024-03-31 13295228 d:FurnitureFittings 2024-03-31 13295228 d:FurnitureFittings 2023-03-31 13295228 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13295228 d:CurrentFinancialInstruments 2024-03-31 13295228 d:CurrentFinancialInstruments 2023-03-31 13295228 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13295228 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13295228 d:ShareCapital 2024-03-31 13295228 d:ShareCapital 2023-03-31 13295228 d:RetainedEarningsAccumulatedLosses 2024-03-31 13295228 d:RetainedEarningsAccumulatedLosses 2023-03-31 13295228 c:FRS102 2023-04-01 2024-03-31 13295228 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13295228 c:FullAccounts 2023-04-01 2024-03-31 13295228 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13295228 2 2023-04-01 2024-03-31 13295228 e:PoundSterling 2023-04-01 2024-03-31 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 2024

 
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 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,978
922

  
1,978
922

Current assets
  

Debtors: amounts falling due within one year
 5 
315,532
234,855

Bank and cash balances
  
403,504
252,177

  
719,036
487,032

Creditors: amounts falling due within one year
 6 
(251,362)
(167,200)

Net current assets
  
 
 
467,674
 
 
319,832

Total assets less current liabilities
  
469,652
320,754

Provisions for liabilities
  

Deferred tax
  
(495)
(231)

  
 
 
(495)
 
 
(231)

Net assets
  
469,157
320,523


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
469,057
320,423

  
469,157
320,523


Page 1

 
DR PAUL MALLETT AND PARTNERS LTD
REGISTERED NUMBER:13295228
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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
................................................
Dr Paul Mallett
Director
Director


Date: 23 July 2024

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 2024

1.


General information

Dr Paul Mallet and Partners Limited is a company 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

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.

 
2.3

Interest income

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

Page 3

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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 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.

 
2.5

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 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.

 
2.6

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.

Page 4

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

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 (2023 - 2).

Page 5

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
1,530


Additions
2,349



At 31 March 2024

3,879



Depreciation


At 1 April 2023
608


Charge for the Year on owned assets
1,293



At 31 March 2024

1,901



Net book value



At 31 March 2024
1,978



At 31 March 2023
922


5.


Debtors

2024
2023
£
£


Trade debtors
261,339
179,612

Prepayments and accrued income
54,193
55,243

315,532
234,855


Page 6

 
DR PAUL MALLETT AND PARTNERS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,660
6,206

Corporation tax
155,948
89,597

Other taxation and social security
77,921
60,321

Other creditors
11,793
9,150

Accruals and deferred income
2,040
1,926

251,362
167,200


 
Page 7