Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01No description of principal activity1112truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC509380 2023-07-01 2024-06-30 SC509380 2022-07-01 2023-06-30 SC509380 2024-06-30 SC509380 2023-06-30 SC509380 c:CompanySecretary1 2023-07-01 2024-06-30 SC509380 c:Director1 2023-07-01 2024-06-30 SC509380 c:Director3 2023-07-01 2024-06-30 SC509380 c:RegisteredOffice 2023-07-01 2024-06-30 SC509380 d:OfficeEquipment 2023-07-01 2024-06-30 SC509380 d:OfficeEquipment 2024-06-30 SC509380 d:OfficeEquipment 2023-06-30 SC509380 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC509380 d:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 SC509380 d:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 SC509380 d:CurrentFinancialInstruments 2024-06-30 SC509380 d:CurrentFinancialInstruments 2023-06-30 SC509380 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC509380 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC509380 d:ShareCapital 2024-06-30 SC509380 d:ShareCapital 2023-06-30 SC509380 d:SharePremium 2024-06-30 SC509380 d:SharePremium 2023-06-30 SC509380 d:CapitalRedemptionReserve 2024-06-30 SC509380 d:CapitalRedemptionReserve 2023-06-30 SC509380 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC509380 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC509380 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC509380 c:OrdinaryShareClass1 2024-06-30 SC509380 c:OrdinaryShareClass1 2023-06-30 SC509380 c:FRS102 2023-07-01 2024-06-30 SC509380 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC509380 c:FullAccounts 2023-07-01 2024-06-30 SC509380 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC509380 2 2023-07-01 2024-06-30 SC509380 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC509380










PPS U.K. LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
PPS U.K. LIMITED
 

COMPANY INFORMATION


Directors
Dr G Dobie 
Mr C MacLeod 




Company secretary
Dr G Dobie



Registered number
SC509380



Registered office
121 George Street
Glasgow

G1 1RD




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
PPS U.K. LIMITED
REGISTERED NUMBER:SC509380

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
1
1

Tangible assets
 5 
1,271
3,005

  
1,272
3,006

Current assets
  

Debtors: amounts falling due within one year
 6 
66,079
9,401

Cash at bank and in hand
  
36,289
136,232

  
102,368
145,633

Creditors: amounts falling due within one year
 7 
(11,272)
(39,471)

Net current assets
  
 
 
91,096
 
 
106,162

Total assets less current liabilities
  
92,368
109,168

Provisions for liabilities
  

Deferred tax
  
(470)
(308)

  
 
 
(470)
 
 
(308)

Net assets
  
91,898
108,860


Capital and reserves
  

Called up share capital 
 8 
68
68

Share premium account
  
11,577
11,577

Capital redemption reserve
  
(46,867)
(46,867)

Profit and loss account
  
127,120
144,082

  
91,898
108,860

Page 1

 
PPS U.K. LIMITED
REGISTERED NUMBER:SC509380

STATEMENT OF FINANCIAL POSITION (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 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 on 6 February 2025.




Dr G Dobie
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PPS U.K. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

PPS U.K. Limited is a private company, limited by shares, incorporated in Scotland with registration number SC509380. The registered office is 121 George Street, Glasgow, Scotland, G1 1RD. 

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
PPS U.K. LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Turnover

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover 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.

 
2.4

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.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

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

Page 4

 
PPS U.K. LIMITED
 

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

2.Accounting policies (continued)

 
2.7

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 Statement of financial position. 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 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.


 
2.9

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.

 
2.10

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 5

 
PPS U.K. LIMITED
 

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

2.Accounting policies (continued)


2.10
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:

Office equipment
-
33.33%
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.

 
2.11

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 11 (2023 - 12).


4.


Intangible assets




Patents

£



Cost


At 1 July 2023
1,789



At 30 June 2024

1,789



Amortisation


At 1 July 2023
1,788



At 30 June 2024

1,788



Net book value



At 30 June 2024
1



At 30 June 2023
1



Page 6

 
PPS U.K. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2023
17,233


Additions
542



At 30 June 2024

17,775



Depreciation


At 1 July 2023
14,228


Charge for the year on owned assets
2,276



At 30 June 2024

16,504



Net book value



At 30 June 2024
1,271



At 30 June 2023
3,005


6.


Debtors

2024
2023
£
£


Trade debtors
53,471
-

Other debtors
8,021
4,914

Prepayments and accrued income
4,587
4,487

66,079
9,401



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
528
-

Other taxation and social security
5,580
6,043

Other creditors
4,664
30,346

Accruals and deferred income
500
3,082

11,272
39,471


Page 7

 
PPS U.K. LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



6,820 (2023 - 6,820) Ordinary shares of £0.01 each
68
68


Page 8