Caseware UK (AP4) 2024.0.164 2024.0.164 false2023-07-01falseNo description of principal activity2526truefalse 05492451 2023-07-01 2024-06-30 05492451 2022-07-01 2023-06-30 05492451 2024-06-30 05492451 2023-06-30 05492451 c:Director2 2023-07-01 2024-06-30 05492451 d:PlantMachinery 2023-07-01 2024-06-30 05492451 d:MotorVehicles 2023-07-01 2024-06-30 05492451 d:MotorVehicles 2024-06-30 05492451 d:MotorVehicles 2023-06-30 05492451 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05492451 d:FurnitureFittings 2023-07-01 2024-06-30 05492451 d:FurnitureFittings 2024-06-30 05492451 d:FurnitureFittings 2023-06-30 05492451 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05492451 d:OfficeEquipment 2023-07-01 2024-06-30 05492451 d:OfficeEquipment 2024-06-30 05492451 d:OfficeEquipment 2023-06-30 05492451 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05492451 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05492451 d:CurrentFinancialInstruments 2024-06-30 05492451 d:CurrentFinancialInstruments 2023-06-30 05492451 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05492451 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05492451 d:ShareCapital 2024-06-30 05492451 d:ShareCapital 2023-06-30 05492451 d:SharePremium 2024-06-30 05492451 d:SharePremium 2023-06-30 05492451 d:RetainedEarningsAccumulatedLosses 2024-06-30 05492451 d:RetainedEarningsAccumulatedLosses 2023-06-30 05492451 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05492451 c:OrdinaryShareClass1 2024-06-30 05492451 c:OrdinaryShareClass1 2023-06-30 05492451 c:FRS102 2023-07-01 2024-06-30 05492451 c:Audited 2023-07-01 2024-06-30 05492451 c:FullAccounts 2023-07-01 2024-06-30 05492451 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05492451 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05492451 2 2023-07-01 2024-06-30 05492451 4 2023-07-01 2024-06-30 05492451 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05492451










Project Leaders Ltd










Annual report and financial statements

Information for filing with the registrar

For the year ended 30 June 2024

 
Project Leaders Ltd
 

Statement of income and retained earnings
For the year ended 30 June 2024

2024
2023
£
£

  

Turnover
  
4,082,748
4,042,850

Cost of sales
  
(3,219,712)
(2,904,244)

Gross profit
  
863,036
1,138,606

Administrative expenses
  
(728,753)
(713,227)

Exceptional administrative expenses
  
(113,856)
-

Operating profit
  
20,427
425,379

Interest receivable and similar income
  
227
1,135

Interest payable and similar expenses
  
(948)
(4,890)

Profit before tax
  
19,706
421,624

Tax on profit
  
(6,000)
(80,738)

Profit after tax
  
13,706
340,886

  

  

Retained earnings at the beginning of the year
  
118,352
481,214

  
118,352
481,214

Profit for the year
  
13,706
340,886

Dividends declared and paid
  
-
(703,748)

Retained earnings at the end of the year
  
132,058
118,352
The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
Project Leaders Ltd
Registered number: 05492451

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,880
52,107

  
48,880
52,107

Current assets
  

Debtors: amounts falling due within one year
 5 
733,232
451,987

Cash at bank and in hand
  
11,277
250,531

  
744,509
702,518

Creditors: amounts falling due within one year
 6 
(548,343)
(603,285)

Net current assets
  
 
 
196,166
 
 
99,233

Total assets less current liabilities
  
245,046
151,340

  

Net assets
  
245,046
151,340


Capital and reserves
  

Called up share capital 
  
27,189
25,150

Share premium account
  
85,799
7,838

Profit and loss account
  
132,058
118,352

  
245,046
151,340


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 financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Robert Lines
Director
Date: 25 March 2025

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

Page 2

 
Project Leaders Ltd
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

The Company is a private limited company incorporated in England and Wales. The registered office is Runway East London Bridge, 18 Crucifix Lane, London, England, SE1 3JW. The Company's registered number is 05492451.
The principal activities of the company are that of management consultancy activities other than financial management.

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:

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.

 
2.3

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
Project Leaders Ltd
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)


2.3
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:

Plant and machinery
-
25% straight line
Motor vehicles
-
20% straight line
Fixtures and fittings
-
25% straight line
Office equipment
-
15% to 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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 4

 
Project Leaders Ltd
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Interest income

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

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Current and deferred 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.

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.


Page 5

 
Project Leaders Ltd
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.14

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 26).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
32,550
11,148
51,030
94,728


Additions
-
388
23,217
23,605


Disposals
-
(2,768)
(20,102)
(22,870)



At 30 June 2024

32,550
8,768
54,145
95,463



Depreciation


At 1 July 2023
7,463
8,871
26,287
42,621


Charge for the year on owned assets
6,509
3,419
12,316
22,244


Disposals
-
(4,679)
(13,603)
(18,282)



At 30 June 2024

13,972
7,611
25,000
46,583



Net book value



At 30 June 2024
18,578
1,157
29,145
48,880



At 30 June 2023
25,087
2,277
24,743
52,107


5.


Debtors

2024
2023
£
£


Trade debtors
270,146
152,172

Other debtors
39,222
3,655

Prepayments and accrued income
423,864
296,160

733,232
451,987


Page 6

 
Project Leaders Ltd
 

 
Notes to the financial statements
For the year ended 30 June 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
58,473
-

Trade creditors
56,572
95,468

Corporation tax
6,000
101,295

Other taxation and social security
225,229
259,745

Other creditors
82,346
91,588

Accruals and deferred income
119,723
55,189

548,343
603,285



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



27,189 (2023 - 25,150) Ordinary A shares of £1.00 each
27,189
25,150


The company issued 2,039 ordinary shares at £1 each for consideration of £39.24 per share.


8.


Related party transactions

All related party transactions undertaken by the company during the year was done so under normal market conditions.


9.


Auditor's information

The auditor's report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 28 March 2025 by Andrew Griggs BA FCA CF (Senior statutory auditor) on behalf of Kreston Reeves LLP.


Page 7