Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activity2023-07-01false124truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10810587 2023-07-01 2024-06-30 10810587 2022-07-01 2023-06-30 10810587 2024-06-30 10810587 2023-06-30 10810587 c:Director1 2023-07-01 2024-06-30 10810587 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 10810587 d:Buildings d:ShortLeaseholdAssets 2024-06-30 10810587 d:Buildings d:ShortLeaseholdAssets 2023-06-30 10810587 d:PlantMachinery 2023-07-01 2024-06-30 10810587 d:PlantMachinery 2024-06-30 10810587 d:PlantMachinery 2023-06-30 10810587 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810587 d:MotorVehicles 2023-07-01 2024-06-30 10810587 d:MotorVehicles 2024-06-30 10810587 d:MotorVehicles 2023-06-30 10810587 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810587 d:FurnitureFittings 2023-07-01 2024-06-30 10810587 d:FurnitureFittings 2024-06-30 10810587 d:FurnitureFittings 2023-06-30 10810587 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810587 d:OfficeEquipment 2023-07-01 2024-06-30 10810587 d:OfficeEquipment 2024-06-30 10810587 d:OfficeEquipment 2023-06-30 10810587 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810587 d:ComputerEquipment 2023-07-01 2024-06-30 10810587 d:ComputerEquipment 2024-06-30 10810587 d:ComputerEquipment 2023-06-30 10810587 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810587 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10810587 d:CurrentFinancialInstruments 2024-06-30 10810587 d:CurrentFinancialInstruments 2023-06-30 10810587 d:Non-currentFinancialInstruments 2024-06-30 10810587 d:Non-currentFinancialInstruments 2023-06-30 10810587 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10810587 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10810587 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10810587 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10810587 d:ShareCapital 2024-06-30 10810587 d:ShareCapital 2023-06-30 10810587 d:RetainedEarningsAccumulatedLosses 2024-06-30 10810587 d:RetainedEarningsAccumulatedLosses 2023-06-30 10810587 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 10810587 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10810587 d:TaxLossesCarry-forwardsDeferredTax 2024-06-30 10810587 d:TaxLossesCarry-forwardsDeferredTax 2023-06-30 10810587 d:OtherDeferredTax 2024-06-30 10810587 d:OtherDeferredTax 2023-06-30 10810587 c:FRS102 2023-07-01 2024-06-30 10810587 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10810587 c:FullAccounts 2023-07-01 2024-06-30 10810587 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10810587 d:WithinOneYear 2024-06-30 10810587 d:WithinOneYear 2023-06-30 10810587 d:BetweenOneFiveYears 2024-06-30 10810587 d:BetweenOneFiveYears 2023-06-30 10810587 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 10810587










MANDYLIGHTS UK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
MANDYLIGHTS UK LTD
REGISTERED NUMBER: 10810587

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
293,462
3,908

Current assets
  

Debtors: amounts falling due within one year
 5 
673,649
365,721

Cash at bank and in hand
 6 
8,640
35,838

  
682,289
401,559

Creditors: amounts falling due within one year
 7 
(485,847)
(397,552)

Net current assets
  
 
 
196,442
 
 
4,007

Total assets less current liabilities
  
489,904
7,915

Creditors: amounts falling due after more than one year
 8 
(20,217)
-

Provisions for liabilities
  

Deferred tax
 9 
(72,982)
-

Net assets
  
396,705
7,915


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
396,701
7,911

  
396,705
7,915


Page 1

 
MANDYLIGHTS UK LTD
REGISTERED NUMBER: 10810587
    
BALANCE SHEET (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 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: 






S J Bewley
Director

Date: 4 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MANDYLIGHTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales.
The registered office is at Unit 2 Shibdon Business Park, Shibdon Business Park, Cowen Road, Blaydon, Tyne, England, NE21 5TX.

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

 
MANDYLIGHTS UK LTD
 
 
 
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

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

Borrowing costs

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

 
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.

Page 4

 
MANDYLIGHTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

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 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.


 
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:

Leasehold improvements
-
8 years
Plant and machinery
-
3 to 15 years
Motor vehicles
-
8 years
Project assets
-
2 to 15 years
Office equipment
-
3 to 15 years
Computer equipment
-
3 to 4 years

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.

Page 5

 
MANDYLIGHTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 4).

Page 6

 
MANDYLIGHTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





 Leasehold improve-ments
Plant and machinery
Motor vehicles
Project assets
Office equipment
Computer equipment
Total

£
£
£
£
£
£
£



Cost or valuation


At 1 July 2023
-
2,937
-
-
25,517
-
28,454


Additions
6,978
195,599
44,005
92,891
11,227
4,266
354,966


Disposals
-
-
-
-
(585)
-
(585)



At 30 June 2024

6,978
198,536
44,005
92,891
36,159
4,266
382,835



Depreciation


At 1 July 2023
-
882
-
-
23,664
-
24,546


Charge for the year 
853
36,349
4,545
20,972
1,933
709
65,361


Disposals
-
-
-
-
(534)
-
(534)



At 30 June 2024

853
37,231
4,545
20,972
25,063
709
89,373



Net book value



At 30 June 2024
6,125
161,305
39,460
71,919
11,096
3,557
293,462


5.


Debtors

2024
2023
£
£


Trade debtors
185,881
54,124

Other debtors
238,575
56,368

Prepayments and accrued income
249,193
203,402

Deferred taxation
-
51,827

673,649
365,721


Page 7

 
MANDYLIGHTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8,640
35,838

Less: bank overdrafts
(3,529)
-

5,111
35,838



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,529
-

Bank loans
-
50,000

Trade creditors
174,060
83,554

Corporation tax
7,424
-

Other taxation and social security
32,658
49,541

Obligations under finance lease and hire purchase contracts
14,184
-

Other creditors
4,363
4,695

Accruals and deferred income
249,629
209,762

485,847
397,552



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
20,217
-


Page 8

 
MANDYLIGHTS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Deferred taxation




2024


£






At beginning of year
51,827


Charged to profit or loss
(124,809)



At end of year
(72,982)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(73,366)
(977)

Tax losses carried forward
-
52,475

Pension creditor
384
329

(72,982)
51,827


10.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
83,651
54,328

Later than 1 year and not later than 5 years
220,247
183,750

303,898
238,078

 
Page 9