Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2023-01-0138false48truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10451879 2023-01-01 2023-12-31 10451879 2022-01-01 2022-12-31 10451879 2023-12-31 10451879 2022-12-31 10451879 c:Director2 2023-01-01 2023-12-31 10451879 d:OfficeEquipment 2023-01-01 2023-12-31 10451879 d:OfficeEquipment 2023-12-31 10451879 d:OfficeEquipment 2022-12-31 10451879 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10451879 d:ComputerEquipment 2023-01-01 2023-12-31 10451879 d:CurrentFinancialInstruments 2023-12-31 10451879 d:CurrentFinancialInstruments 2022-12-31 10451879 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10451879 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10451879 d:ShareCapital 2023-12-31 10451879 d:ShareCapital 2022-12-31 10451879 d:RetainedEarningsAccumulatedLosses 2023-12-31 10451879 d:RetainedEarningsAccumulatedLosses 2022-12-31 10451879 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10451879 c:OrdinaryShareClass1 2023-12-31 10451879 c:OrdinaryShareClass1 2022-12-31 10451879 c:FRS102 2023-01-01 2023-12-31 10451879 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10451879 c:FullAccounts 2023-01-01 2023-12-31 10451879 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10451879 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10451879










MMS HOLDINGS EUROPE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

1.



On 30 June2022 100% of the share capital of the the company was purchased by MMS Bidco LLC. 


 
MMS HOLDINGS EUROPE LIMITED
REGISTERED NUMBER: 10451879

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
14,520
26,788

  
14,520
26,788

Current assets
  

Debtors: amounts falling due within one year
 6 
17,712
161,671

Cash at bank and in hand
 7 
302,153
36,243

  
319,865
197,914

Creditors: amounts falling due within one year
 8 
(295,149)
(196,668)

Net current assets
  
 
 
24,716
 
 
1,246

Total assets less current liabilities
  
39,236
28,034

  

Net assets
  
39,236
28,034


Capital and reserves
  

Called up share capital 
 9 
10,000
10,000

Profit and loss account
  
29,236
18,034

  
39,236
28,034


The director considers 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 director acknowledges her 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 profit and loss account 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: 




Uma Sharma
Director

Date: 29 July 2024
Page 1

 
MMS HOLDINGS EUROPE LIMITED
REGISTERED NUMBER: 10451879

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MMS HOLDINGS EUROPE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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

Interest income

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

 
2.4

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.

 
2.5

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.

Page 3

 
MMS HOLDINGS EUROPE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Computer equipment
-
33%
The cost is written off over 3 years

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.

 
2.7

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.


3.


General information

MMS Holdings Europe Limited is a limited company incoorporated in England and Wales. The Registered Office is shown on the information page above, 


4.


Employees

The average monthly number of employees, including directors, during the year was 48 (2022 - 38).

Page 4

 
MMS HOLDINGS EUROPE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
42,834


Additions
2,069



At 31 December 2023

44,903



Depreciation


At 1 January 2023
16,046


Charge for the year on owned assets
14,337



At 31 December 2023

30,383



Net book value



At 31 December 2023
14,520



At 31 December 2022
26,788


6.


Debtors

2023
2022
£
£


Trade debtors
-
160,270

Prepayments and accrued income
17,712
1,401

17,712
161,671



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
302,153
36,243

302,153
36,243


Page 5

 
MMS HOLDINGS EUROPE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,575
5,430

Amounts owed to group undertakings
149,988
-

Corporation tax
-
7,455

Other taxation and social security
78,192
123,425

Other creditors
61,119
57,333

Accruals and deferred income
3,275
3,025

295,149
196,668



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



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 £198,053 (2022: £124,828). Contributions totalling £26,711 (2022: £26,837) were payable to the fund at the balance sheet date and are included in creditors.


Page 6