Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08482929 2023-04-01 2024-03-31 08482929 2022-04-01 2023-03-31 08482929 2024-03-31 08482929 2023-03-31 08482929 c:Director2 2023-04-01 2024-03-31 08482929 d:MotorVehicles 2023-04-01 2024-03-31 08482929 d:MotorVehicles 2024-03-31 08482929 d:MotorVehicles 2023-03-31 08482929 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08482929 d:ComputerEquipment 2023-04-01 2024-03-31 08482929 d:ComputerEquipment 2024-03-31 08482929 d:ComputerEquipment 2023-03-31 08482929 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08482929 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08482929 d:CurrentFinancialInstruments 2024-03-31 08482929 d:CurrentFinancialInstruments 2023-03-31 08482929 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08482929 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08482929 d:ShareCapital 2024-03-31 08482929 d:ShareCapital 2023-03-31 08482929 d:RetainedEarningsAccumulatedLosses 2024-03-31 08482929 d:RetainedEarningsAccumulatedLosses 2023-03-31 08482929 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08482929 c:OrdinaryShareClass1 2024-03-31 08482929 c:OrdinaryShareClass1 2023-03-31 08482929 c:OrdinaryShareClass2 2023-04-01 2024-03-31 08482929 c:OrdinaryShareClass2 2024-03-31 08482929 c:OrdinaryShareClass2 2023-03-31 08482929 c:FRS102 2023-04-01 2024-03-31 08482929 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08482929 c:FullAccounts 2023-04-01 2024-03-31 08482929 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08482929 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08482929 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08482929 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08482929










MAUDGIL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MAUDGIL LIMITED
REGISTERED NUMBER: 08482929

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
989
4,210

  
989
4,210

Current assets
  

Debtors: amounts falling due within one year
 5 
4,380
35,733

Bank & cash balances
  
270,125
339,109

  
274,505
374,842

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(3,828)
(20,254)

Net current assets
  
 
 
270,677
 
 
354,588

Total assets less current liabilities
  
271,666
358,798

Provisions for liabilities
  

Deferred tax
 7 
(248)
(1,053)

  
 
 
(248)
 
 
(1,053)

Net assets
  
271,418
357,745


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
271,318
357,645

  
271,418
357,745


Page 1

 
MAUDGIL LIMITED
REGISTERED NUMBER: 08482929

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 comprehensive income 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: 




D D Maudgil
Director
Date: 30 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MAUDGIL LIMITED
 

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

1.


General information

Maudgil Limited is a limited liability company incorporated in England and 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

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 for services during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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.

Page 3

 
MAUDGIL LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Computer equipment
-
33%

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.

 
2.6

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.

Page 4

 
MAUDGIL LIMITED
 

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

2.Accounting policies (continued)

 
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.


3.


Employees

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

Page 5

 
MAUDGIL LIMITED
 

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

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
19,627
14,218
33,845



At 31 March 2024

19,627
14,218
33,845



Depreciation


At 1 April 2023
18,358
11,277
29,635


Charge for the year on owned assets
1,269
1,952
3,221



At 31 March 2024

19,627
13,229
32,856



Net book value



At 31 March 2024
-
989
989



At 31 March 2023
1,269
2,941
4,210


5.


Debtors

2024
2023
£
£


Other debtors
1,309
33,365

Prepayments and accrued income
3,071
2,368

4,380
35,733



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
-
17,014

Accruals and deferred income
3,828
3,240

3,828
20,254


Page 6

 
MAUDGIL LIMITED
 

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

7.


Deferred taxation




2024


£






At beginning of year
(1,053)


Charged to profit or loss
805



At end of year
(248)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(248)
(1,053)

(248)
(1,053)


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary A shares of £1.00 each
50
50
50 (2023 - 50) Ordinary B shares of £1.00 each
50
50

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.



9.


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 £55,600 during the year (2023: £37,500).
No contributions were outstanding in the current or prior year.


10.


Related party transactions

At the balance sheet date the director owed £1,374 to the company (2023: £33,265). During the year intrerest of £508 was charged on the loan at HM Revenue & Customs official rate of 2.25%.


Page 7