Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3052022-12-01falseNo description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04496400 2022-12-01 2023-11-30 04496400 2021-12-01 2022-11-30 04496400 2023-11-30 04496400 2022-11-30 04496400 c:Director1 2022-12-01 2023-11-30 04496400 d:FurnitureFittings 2022-12-01 2023-11-30 04496400 d:FurnitureFittings 2023-11-30 04496400 d:FurnitureFittings 2022-11-30 04496400 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 04496400 d:CurrentFinancialInstruments 2023-11-30 04496400 d:CurrentFinancialInstruments 2022-11-30 04496400 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04496400 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 04496400 d:ShareCapital 2023-11-30 04496400 d:ShareCapital 2022-11-30 04496400 d:RetainedEarningsAccumulatedLosses 2023-11-30 04496400 d:RetainedEarningsAccumulatedLosses 2022-11-30 04496400 c:FRS102 2022-12-01 2023-11-30 04496400 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04496400 c:FullAccounts 2022-12-01 2023-11-30 04496400 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company registration number: 04496400







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


A.D. PRACTICE LIMITED






































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A.D. PRACTICE LIMITED
REGISTERED NUMBER:04496400



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,627
8,433

  
7,627
8,433

Current assets
  

Stocks
  
-
6,581

Debtors: amounts falling due within one year
 5 
24,303
10,597

Cash at bank and in hand
 6 
2,762
16,383

  
27,065
33,561

Creditors: amounts falling due within one year
 7 
(33,091)
(40,184)

Net current liabilities
  
 
 
(6,026)
 
 
(6,623)

Total assets less current liabilities
  
1,601
1,810

Provisions for liabilities
  

Other provisions
  
(1,449)
(1,602)

  
 
 
(1,449)
 
 
(1,602)

Net assets
  
152
208


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
52
108

  
152
208


Page 1

 


A.D. PRACTICE LIMITED
REGISTERED NUMBER:04496400


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 by: 




................................................
David John Parry
Director

Date: 1 August 2024

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

Page 2

 


A.D. PRACTICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

A.D. Practice Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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 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.

Page 3

 


A.D. PRACTICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
on reducing balance

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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 companys statement of financial position when the company becomes party to the contractual provisions of the instrument. 


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 5).

Page 4

 


A.D. PRACTICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 December 2022
18,900


Additions
465



At 30 November 2023

19,365



Depreciation


At 1 December 2022
10,467


Charge for the year on owned assets
1,271



At 30 November 2023

11,738



Net book value



At 30 November 2023
7,627



At 30 November 2022
8,433


5.


Debtors

2023
2022
£
£


Trade debtors
21,733
8,356

Other debtors
276
276

Prepayments and accrued income
2,294
1,965

24,303
10,597



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,762
16,383

2,762
16,383


Page 5

 


A.D. PRACTICE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,316
2,187

Corporation tax
1,697
4,396

Other taxation and social security
13,635
12,120

Other creditors
14,243
19,106

Accruals and deferred income
1,200
2,375

33,091
40,184



8.


Transactions with directors

During the year, transactions of £0 (2022: £4,220) reduced the amount owed to the director by the company. This loan is free of interest and repayable on demand. 

 
Page 6