Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05484800 2023-07-01 2024-06-30 05484800 2022-07-01 2023-06-30 05484800 2024-06-30 05484800 2023-06-30 05484800 c:Director1 2023-07-01 2024-06-30 05484800 d:PlantMachinery 2023-07-01 2024-06-30 05484800 d:PlantMachinery 2024-06-30 05484800 d:PlantMachinery 2023-06-30 05484800 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05484800 d:FurnitureFittings 2023-07-01 2024-06-30 05484800 d:FurnitureFittings 2024-06-30 05484800 d:FurnitureFittings 2023-06-30 05484800 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05484800 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05484800 d:Goodwill 2023-07-01 2024-06-30 05484800 d:Goodwill 2024-06-30 05484800 d:Goodwill 2023-06-30 05484800 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 05484800 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 05484800 d:CurrentFinancialInstruments 2024-06-30 05484800 d:CurrentFinancialInstruments 2023-06-30 05484800 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05484800 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05484800 d:ShareCapital 2024-06-30 05484800 d:ShareCapital 2023-06-30 05484800 d:RevaluationReserve 2024-06-30 05484800 d:RevaluationReserve 2023-06-30 05484800 d:RetainedEarningsAccumulatedLosses 2024-06-30 05484800 d:RetainedEarningsAccumulatedLosses 2023-06-30 05484800 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05484800 c:OrdinaryShareClass1 2024-06-30 05484800 c:OrdinaryShareClass1 2023-06-30 05484800 c:OrdinaryShareClass2 2023-07-01 2024-06-30 05484800 c:OrdinaryShareClass2 2024-06-30 05484800 c:OrdinaryShareClass2 2023-06-30 05484800 c:FRS102 2023-07-01 2024-06-30 05484800 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05484800 c:FullAccounts 2023-07-01 2024-06-30 05484800 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05484800 6 2023-07-01 2024-06-30 05484800 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 05484800 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05484800 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 05484800 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-07-01 2024-06-30 05484800 2 2024-06-30 05484800 2 2023-06-30 05484800 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05484800










ABBOTT MOODY ASSOCIATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024



 
ABBOTT MOODY ASSOCIATES LIMITED
REGISTERED NUMBER: 05484800

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
7,250
14,500

Tangible assets
 5 
20,393
16,603

Investments
 6 
301,837
301,837

  
329,480
332,940

Current assets
  

Debtors: amounts falling due within one year
 7 
211,150
212,009

Current asset investments
 8 
1,244,804
1,100,294

Cash at bank and in hand
  
2,399,605
2,404,028

  
3,855,559
3,716,331

Current Liabilites
  

Creditors: amounts falling due within one year
 9 
(62,704)
(111,171)

Net current assets
  
 
 
3,792,855
 
 
3,605,160

Total assets less current liabilities
  
4,122,335
3,938,100

Provisions for liabilities
  

Deferred tax
 10 
(5,099)
(4,151)

  
 
 
(5,099)
 
 
(4,151)

Net assets
  
4,117,236
3,933,949


Capital and reserves
  

Called up share capital 
 11 
100
100

Revaluation reserve
  
93,658
(3,246)

Profit and loss account
  
4,023,478
3,937,095

  
4,117,236
3,933,949


Page 1

 
ABBOTT MOODY ASSOCIATES LIMITED
REGISTERED NUMBER: 05484800

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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: 




M R Moody
Director

Date: 25 November 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ABBOTT MOODY ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Abbott Moody Associates Limited is a private company limited by shares and incorporated in England & Wales. The address of its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS. 

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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable during the year, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
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.

Page 3

 
ABBOTT MOODY ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Plant & machinery
-
25%
Fixtures & fittings
-
25%

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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.

 
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

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.

Page 4

 
ABBOTT MOODY ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
ABBOTT MOODY ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Trademarks
Goodwill
Total

£
£
£



Cost


At 1 July 2023
15,000
145,000
160,000



At 30 June 2024

15,000
145,000
160,000



Amortisation


At 1 July 2023
15,000
130,500
145,500


Charge for the year on owned assets
-
7,250
7,250



At 30 June 2024

15,000
137,750
152,750



Net book value



At 30 June 2024
-
7,250
7,250



At 30 June 2023
-
14,500
14,500



Page 6

 
ABBOTT MOODY ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
52,832
4,632
57,464


Additions
1,165
6,981
8,146


Disposals
(567)
-
(567)



At 30 June 2024

53,430
11,613
65,043



Depreciation


At 1 July 2023
36,793
4,068
40,861


Charge for the year on owned assets
4,129
141
4,270


Disposals
(481)
-
(481)



At 30 June 2024

40,441
4,209
44,650



Net book value



At 30 June 2024
12,989
7,404
20,393



At 30 June 2023
16,039
564
16,603

Page 7

 
ABBOTT MOODY ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2023
301,837



At 30 June 2024
301,837






Net book value



At 30 June 2024
301,837



At 30 June 2023
301,837


7.


Debtors

2024
2023
£
£


Trade debtors
10,700
11,580

Other debtors
200,000
200,000

Prepayments and accrued income
450
429

211,150
212,009



8.


Current asset investments

2024
2023
£
£

Unlisted investments
1,244,804
1,100,294


Page 8

 
ABBOTT MOODY ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
997
2,881

Corporation tax
42,755
93,627

Other taxation and social security
9,932
9,015

Other creditors
5,124
1,461

Accruals and deferred income
3,896
4,187

62,704
111,171



10.


Deferred taxation




2024


£






At beginning of year
(4,151)


Charged to profit or loss
(948)



At end of year
(5,099)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,099)
(4,151)

(5,099)
(4,151)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



75 (2023 - 75) Ordinary shares of £1.00 each
75
75
25 (2023 - 25) Ordinary 'A' shares of £1.00 each
25
25

100

100

All shares rank pari passu with each other, however the Directors have the authority to pay differing rates of dividends on each class of share.


Page 9

 
ABBOTT MOODY ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Related party transactions

M Moody is a director of HandiWorld Limited, Seven Towns Limited and Toy Brokers Holdings Limited.
At the balance sheet date HandiWorld Limited owed the Company £200,000 (2023: £200,000).
At the balance sheet date HandiWorld Limited, Seven Towns Limited and Toy Brokers Holdings Limited owed £10,700 to the Company for consultancy services (2023: £11,580).
At the balance sheet date the Company owed its Directors £5,124  (2023: £1,461).


Page 10