Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalse2023-04-012829falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04481895 2023-04-01 2024-03-31 04481895 2024-03-31 04481895 2022-04-01 2023-03-31 04481895 2023-03-31 04481895 2022-04-01 04481895 c:Director1 2023-04-01 2024-03-31 04481895 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 04481895 d:Buildings d:LongLeaseholdAssets 2024-03-31 04481895 d:Buildings d:LongLeaseholdAssets 2023-03-31 04481895 d:PlantMachinery 2023-04-01 2024-03-31 04481895 d:PlantMachinery 2024-03-31 04481895 d:PlantMachinery 2023-03-31 04481895 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04481895 d:FurnitureFittings 2023-04-01 2024-03-31 04481895 d:FurnitureFittings 2024-03-31 04481895 d:FurnitureFittings 2023-03-31 04481895 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04481895 d:OfficeEquipment 2023-04-01 2024-03-31 04481895 d:OfficeEquipment 2024-03-31 04481895 d:OfficeEquipment 2023-03-31 04481895 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04481895 d:ComputerEquipment 2023-04-01 2024-03-31 04481895 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04481895 d:CurrentFinancialInstruments 2024-03-31 04481895 d:CurrentFinancialInstruments 2023-03-31 04481895 d:Non-currentFinancialInstruments 2024-03-31 04481895 d:Non-currentFinancialInstruments 2023-03-31 04481895 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04481895 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04481895 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04481895 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04481895 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04481895 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04481895 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04481895 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04481895 d:ShareCapital 2024-03-31 04481895 d:ShareCapital 2023-03-31 04481895 d:RetainedEarningsAccumulatedLosses 2024-03-31 04481895 d:RetainedEarningsAccumulatedLosses 2023-03-31 04481895 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04481895 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04481895 c:FRS102 2023-04-01 2024-03-31 04481895 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04481895 c:FullAccounts 2023-04-01 2024-03-31 04481895 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04481895 2 2023-04-01 2024-03-31 04481895 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 04481895


PUDDLEDUCKS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
PUDDLEDUCKS LIMITED
REGISTERED NUMBER: 04481895

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
36,224
16,431

  
36,224
16,431

Current assets
  

Debtors: amounts falling due after more than one year
 6 
10,116
10,116

Debtors: amounts falling due within one year
 6 
25,347
37,340

Cash at bank and in hand
 7 
26,457
28,470

  
61,920
75,926

Creditors: amounts falling due within one year
 8 
(57,966)
(18,108)

Net current assets
  
 
 
3,954
 
 
57,818

Total assets less current liabilities
  
40,178
74,249

Creditors: amounts falling due after more than one year
 9 
(12,231)
(22,435)

Provisions for liabilities
  

Deferred tax
 11 
(1,173)
(4,911)

  
 
 
(1,173)
 
 
(4,911)

Net assets
  
26,774
46,903


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
26,674
46,803

  
26,774
46,903


Page 1

 
PUDDLEDUCKS LIMITED
REGISTERED NUMBER: 04481895
    
BALANCE SHEET (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 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: 




................................................
Mrs L Grant
Director

Date: 25 November 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Puddleducks Limited is a private company limited by shares, incorporated in England and Wales, registration number 04481895. The registered office is 30a High Street, Croughton, Northamptonshire, NN13 5LT. 

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

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 3

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

The Company contributes to 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.

 
2.8

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.


Page 4

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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, as stated below.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Straight line
Plant and machinery
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
20%
Reducing balance
Computer equipment
-
20%
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.

 
2.10

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.

 
2.11

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.

 
2.12

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 5

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

Property, plant and equipment are depreciated over their useful life taking into account, where appropriate, residual values. Assessment of useful lives and residual values are performed annually. In assessing the residual values, the remaining life of the asset, its projected disposal value and future market conditions are taken into account.
There are no other material judgments or key sources of estimation uncertainty.


4.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 29).

Page 6

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
30,258
758
7,921
8,301
47,238


Additions
22,000
-
-
-
22,000



At 31 March 2024

52,258
758
7,921
8,301
69,238



Depreciation


At 1 April 2023
15,320
753
7,859
6,874
30,806


Charge for the year on owned assets
1,906
2
15
285
2,208



At 31 March 2024

17,226
755
7,874
7,159
33,014



Net book value



At 31 March 2024
35,032
3
47
1,142
36,224



At 31 March 2023
14,939
4
61
1,427
16,431

Page 7

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

S455 tax recoverable
10,116
10,116

10,116
10,116


2024
2023
£
£

Due within one year

Trade debtors
-
12,286

Other debtors
24,153
25,054

Prepayments and accrued income
1,194
-

25,347
37,340


Included within other debtors due within one year is a loan to Mrs L Grant, a Director, amounting to 
£21,921
 (2023 - £22,233).  £312 was repaid during the year. 

Loans included within other debtors are interest free, with no fixed date for repayment.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,457
28,470

26,457
28,470


Page 8

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Loans
10,204
9,952

Other loans
26,000
-

Corporation tax
1,710
-

Other taxation and social security
13,035
1,234

Other creditors
1,077
2

Accruals and deferred income
5,940
6,920

57,966
18,108



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Loans
12,231
22,435

12,231
22,435


Page 9

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Loans
10,204
9,952

Other loans
26,000
-


36,204
9,952

Amounts falling due 1-2 years

Loans
10,462
10,204


10,462
10,204

Amounts falling due 2-5 years

Loans
1,769
12,231


1,769
12,231


48,435
32,387


Page 10

 
PUDDLEDUCKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(4,911)
(3,380)


Utilised in year
3,738
(1,531)



At end of year
(1,173)
(4,911)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,173)
(4,911)

(1,173)
(4,911)


12.


Pension commitments

The Company contributes to 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 £19,495 (2023 - £37,010) . Contributions totaling £1,075 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


13.


Debentures

National Westminster Bank PLC hold a fixed and floating charge over the undertaking, encompassing all property and assets (present and future), including goodwill, uncalled capital, buildings, fixtures, fixed plant and machinery.

Page 11