Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false22024-01-01provision of consultancty advice to the pharmaceutical research and development industry.2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08818965 2024-01-01 2024-12-31 08818965 2023-01-01 2023-12-31 08818965 2024-12-31 08818965 2023-12-31 08818965 c:Director1 2024-01-01 2024-12-31 08818965 d:OfficeEquipment 2024-01-01 2024-12-31 08818965 d:OfficeEquipment 2024-12-31 08818965 d:OfficeEquipment 2023-12-31 08818965 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08818965 d:CurrentFinancialInstruments 2024-12-31 08818965 d:CurrentFinancialInstruments 2023-12-31 08818965 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08818965 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08818965 d:ShareCapital 2024-12-31 08818965 d:ShareCapital 2023-12-31 08818965 d:RetainedEarningsAccumulatedLosses 2024-12-31 08818965 d:RetainedEarningsAccumulatedLosses 2023-12-31 08818965 c:FRS102 2024-01-01 2024-12-31 08818965 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08818965 c:FullAccounts 2024-01-01 2024-12-31 08818965 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08818965 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 08818965










PAUL LAST LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PAUL LAST LTD
REGISTERED NUMBER: 08818965

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
471

  
-
471

Current assets
  

Debtors: amounts falling due within one year
 6 
4,997
8,793

Cash at bank and in hand
  
13,071
50,892

  
18,068
59,685

Creditors: amounts falling due within one year
 7 
(4,351)
(9,255)

Net current assets
  
 
 
13,717
 
 
50,430

Total assets less current liabilities
  
13,717
50,901

  

Net assets
  
13,717
50,901


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
13,715
50,899

  
13,717
50,901


Page 1

 
PAUL LAST LTD
REGISTERED NUMBER: 08818965
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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: 



Mr P E Last
Director

Date: 24 March 2025

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

Page 2

 
PAUL LAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Paul Last Ltd is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office and principal place of business is Pleiades, Hawkshill Road, Walmer, Deal, Kent CT14 7LN. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PAUL LAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

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.


 
2.6

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

 
PAUL LAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.6
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 1/3% straight line basis

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

No judgements have been made in the process of applying the above accounting policies that have had a significant effect on the amounts recognised in the financial statements. 
No key assumptions concerning the future and other key sources of estimation uncertanity at the reporting date which have a significant risk of causing a material adjustment to the carrying amouts of assets and liabilities within the next financial year have been made.

Page 5

 
PAUL LAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Employees

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


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
4,544



At 31 December 2024

4,544



Depreciation


At 1 January 2024
4,073


Charge for the year on owned assets
471



At 31 December 2024

4,544



Net book value



At 31 December 2024
-



At 31 December 2023
471

Page 6

 
PAUL LAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
2,340
-

Other debtors
2,657
8,793

4,997
8,793



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
771
6,540

Other creditors
649
-

Accruals and deferred income
2,931
2,715

4,351
9,255



8.


Related party transactions

During the year and the amounts advanced and repaid are outlined in the table below:



2024
2023
£
£

Balance at 1 January 2023
(6,090)
(8,168)
Amounts advanced to the director
(40,144)
(19,217)
Amounts repaid from the director
46,883
21,295
649
(6,090)

 
Page 7