Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity02023-03-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14697841 2023-02-28 14697841 2024-03-31 14697841 c:Director1 2023-03-01 2024-03-31 14697841 2023-03-01 2024-03-31 14697841 2022-03-01 2023-02-28 14697841 d:ComputerEquipment 2023-03-01 2024-03-31 14697841 d:ComputerEquipment 2024-03-31 14697841 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-03-31 14697841 d:CurrentFinancialInstruments 2024-03-31 14697841 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14697841 d:ShareCapital 2024-03-31 14697841 d:RetainedEarningsAccumulatedLosses 2024-03-31 14697841 c:FRS102 2023-03-01 2024-03-31 14697841 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-03-31 14697841 c:FullAccounts 2023-03-01 2024-03-31 14697841 c:PrivateLimitedCompanyLtd 2023-03-01 2024-03-31 14697841 e:PoundSterling 2023-03-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 14697841











PURANIK PARTNERS LIMITED
Unaudited
Financial statements
Information for filing with the registrar
For the Period Ended 31 March 2024

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
PURANIK PARTNERS LIMITED
Registered number:14697841

Statement of Financial Position
As at 31 March 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
1,922

  
1,922

Current assets
  

Cash at bank and in hand
  
43,374

  
43,374

Creditors: amounts falling due within one year
  
(24,332)

Net current assets
  
 
 
19,042

Total assets less current liabilities
  
20,964

  

Net assets
  
20,964


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
20,864

  
20,964


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 period 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 on 29 November 2024.

S V Puranik
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
PURANIK PARTNERS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 31 March 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Chatfield Drive, Guildford, Surrey, United Kingdom GU4 7XP.

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:

 
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.


 
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 will be charged on a monthly basis during the first year of acquisition. This will begin from the month of purchase.

Page 2

 
PURANIK PARTNERS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 31 March 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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%
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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 3

 
PURANIK PARTNERS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 31 March 2024

3.


Employees

period ended
31 March
2024
£

Wages and salaries
9,096

9,096


The average monthly number of employees, including directors, during the period was 1.


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
2,287



At 31 March 2024

2,287



Depreciation


Charge for the period on owned assets
365



At 31 March 2024

365



Net book value



At 31 March 2024
1,922


5.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
7,386

Other creditors
15,926

Accruals and deferred income
1,020

24,332



Page 4

 
PURANIK PARTNERS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 31 March 2024
6.
Director's advances, credits and guarantees


2024

Balance brought forward 
Advances/(credits) to the directors
Amounts repaid
Balance outstanding

£
£
£
£

Dr S Puranik
-
9,574
(17,253)
(7,679)

Mrs A Puranik 
-
5,019
(5,020)
(1)

 
Page 5