Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activityfalse2023-07-01false55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05718342 2023-07-01 2024-06-30 05718342 2022-07-01 2023-06-30 05718342 2024-06-30 05718342 2023-06-30 05718342 c:Director2 2023-07-01 2024-06-30 05718342 d:MotorVehicles 2023-07-01 2024-06-30 05718342 d:MotorVehicles 2024-06-30 05718342 d:MotorVehicles 2023-06-30 05718342 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05718342 d:OfficeEquipment 2023-07-01 2024-06-30 05718342 d:OfficeEquipment 2024-06-30 05718342 d:OfficeEquipment 2023-06-30 05718342 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05718342 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 05718342 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05718342 d:CurrentFinancialInstruments 2024-06-30 05718342 d:CurrentFinancialInstruments 2023-06-30 05718342 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05718342 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05718342 d:ShareCapital 2024-06-30 05718342 d:ShareCapital 2023-06-30 05718342 d:RetainedEarningsAccumulatedLosses 2024-06-30 05718342 d:RetainedEarningsAccumulatedLosses 2023-06-30 05718342 c:FRS102 2023-07-01 2024-06-30 05718342 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05718342 c:FullAccounts 2023-07-01 2024-06-30 05718342 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05718342 2 2023-07-01 2024-06-30 05718342 6 2023-07-01 2024-06-30 05718342 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05718342










PIPPA PATON DESIGN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PIPPA PATON DESIGN LIMITED
REGISTERED NUMBER: 05718342

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,052
17,138

Investments
  
283,912
-

  
297,964
17,138

Current assets
  

Debtors: amounts falling due within one year
 6 
398,193
505,760

Cash at bank and in hand
 7 
253,163
566,575

  
651,356
1,072,335

Creditors: amounts falling due within one year
 8 
(112,827)
(296,157)

Net current assets
  
 
 
538,529
 
 
776,178

Total assets less current liabilities
  
836,493
793,316

  

Net assets
  
836,493
793,316


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
836,491
793,314

  
836,493
793,316


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 on 7 December 2024.


Page 1

 
PIPPA PATON DESIGN LIMITED
REGISTERED NUMBER: 05718342
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024



Philippa Paton
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
PIPPA PATON DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Pippa Paton Design Limited is a private company, limited by shares, domiciled in England and Wales. Its
registered office is The Studio, Mill Barn, Cow Lane, Longworth, Oxon, OX13 5EJ.

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:

Sale of goods

Revenue 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 revenue 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

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.

Page 3

 
PIPPA PATON DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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.

 
2.5

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.

 
2.6

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 balance sheet date in the countries where the Company operates and generates income.


 
2.7

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 4

 
PIPPA PATON DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.7
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:

Motor vehicles
-
18% reducing balance
Office equipment
-
18% reducing balance
Other fixed assets
-
10% 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.

 
2.8

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 Statement of income and retained earnings 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.

 
2.9

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.

 
2.10

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.

 
2.11

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

 
PIPPA PATON DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

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 5 (2023 - 5).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
28,134
48,983
77,117



At 30 June 2024

28,134
48,983
77,117



Depreciation


At 1 July 2023
25,308
34,671
59,979


Charge for the year on owned assets
509
2,577
3,086



At 30 June 2024

25,817
37,248
63,065



Net book value



At 30 June 2024
2,317
11,735
14,052



At 30 June 2023
2,826
14,312
17,138

Page 6

 
PIPPA PATON DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


Additions
283,912



At 30 June 2024
283,912





6.


Debtors

2024
2023
£
£


Trade debtors
10,679
25,396

Other debtors
379,490
472,574

Prepayments and accrued income
8,024
7,790

398,193
505,760


Included within other debtors due within one year is a loan to S & P Paton, directors, amounting to £151,548 (2023 - £108861).

Interest was charged at HMRC approved rates.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
253,163
566,575

253,163
566,575


Page 7

 
PIPPA PATON DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
141,642

Other taxation and social security
109,014
154,327

Other creditors
3,813
188

112,827
296,157



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 £2,377 (2023 - £978).

 
Page 8