Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3142true39No description of principal activity2023-04-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06095519 2023-04-01 2024-03-31 06095519 2022-04-01 2023-03-31 06095519 2024-03-31 06095519 2023-03-31 06095519 c:Director1 2023-04-01 2024-03-31 06095519 d:PlantMachinery 2023-04-01 2024-03-31 06095519 d:PlantMachinery 2024-03-31 06095519 d:PlantMachinery 2023-03-31 06095519 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06095519 d:MotorVehicles 2023-04-01 2024-03-31 06095519 d:MotorVehicles 2024-03-31 06095519 d:MotorVehicles 2023-03-31 06095519 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06095519 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06095519 d:CurrentFinancialInstruments 2024-03-31 06095519 d:CurrentFinancialInstruments 2023-03-31 06095519 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06095519 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06095519 d:ShareCapital 2024-03-31 06095519 d:ShareCapital 2023-03-31 06095519 d:RetainedEarningsAccumulatedLosses 2024-03-31 06095519 d:RetainedEarningsAccumulatedLosses 2023-03-31 06095519 c:FRS102 2023-04-01 2024-03-31 06095519 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06095519 c:FullAccounts 2023-04-01 2024-03-31 06095519 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06095519 2 2023-04-01 2024-03-31 06095519 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06095519









AP MORGAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
AP MORGAN LIMITED
REGISTERED NUMBER: 06095519

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
111,227
59,191

  
111,227
59,191

Current assets
  

Debtors: amounts falling due within one year
 5 
549,390
428,401

Cash at bank and in hand
  
25,410
38,781

  
574,800
467,182

Creditors: amounts falling due within one year
 6 
(407,790)
(307,301)

Net current assets
  
 
 
167,010
 
 
159,881

Total assets less current liabilities
  
278,237
219,072

  

Net assets
  
278,237
219,072


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
278,137
218,972

  
278,237
219,072


Page 1

 
AP MORGAN LIMITED
REGISTERED NUMBER: 06095519
    
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 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 4 April 2025.


Awais Ahmad
Director

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

Page 2

 
AP MORGAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 06095519.  The Company's registered office is 12 Church Green East, Redditch, Worcestershire, B98 8BP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are 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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
AP MORGAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

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.

 
2.6

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.

 
2.7

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 4

 
AP MORGAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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:

Plant and machinery
-
25% straight-line method
Motor vehicles
-
25% straight-line method

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.

 
2.9

Debtors

Short term debtors are measured at transaction price, 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 39 (2023 - 42).

Page 5

 
AP MORGAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
163,639
2,250
165,889


Additions
62,955
23,271
86,226



At 31 March 2024

226,594
25,521
252,115



Depreciation


At 1 April 2023
106,651
47
106,698


Charge for the year on owned assets
28,779
5,411
34,190



At 31 March 2024

135,430
5,458
140,888



Net book value



At 31 March 2024
91,164
20,063
111,227



At 31 March 2023
56,988
2,203
59,191

Page 6

 
AP MORGAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
298,550
293,774

Amounts owed by group undertakings
230,377
117,933

Other debtors
5,969
3,205

Prepayments and accrued income
14,494
13,489

549,390
428,401



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
174,440
165,020

Amounts owed to group undertakings
44,666
21,442

Corporation tax
5,431
-

Other taxation and social security
60,901
54,201

Other creditors
40,440
14,119

Accruals and deferred income
81,912
52,519

407,790
307,301



7.


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. Contributions totalling £5,860 (2023 - £2,992) were payable to the fund at the balance sheet date and are included in creditors.


8.Operating lease commitments

The company had total commitments at the balance sheet date of £151,851 (2023 - £5,825).


9.


Related party transactions

As at 31 March 2024 amounts were due to directors of £13,888 (2023 - £8,088)

Page 7

 
AP MORGAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Controlling party

The ultimate parent company is Resolve Capital Group Limited, and the immediate parent company is AP Morgan Group Limited.  Both companies are registered in England and Wales and have a registered office of 12 Church Green East, Redditch, Worcestershire, B98 8BP.

Page 8