Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseNo description of principal activity33truetruefalse 05899848 2024-01-01 2024-12-31 05899848 2023-01-01 2023-12-31 05899848 2024-12-31 05899848 2023-12-31 05899848 c:CompanySecretary1 2024-01-01 2024-12-31 05899848 c:Director1 2024-01-01 2024-12-31 05899848 c:Director2 2024-01-01 2024-12-31 05899848 c:Director3 2024-01-01 2024-12-31 05899848 c:RegisteredOffice 2024-01-01 2024-12-31 05899848 d:FurnitureFittings 2024-01-01 2024-12-31 05899848 d:FurnitureFittings 2024-12-31 05899848 d:FurnitureFittings 2023-12-31 05899848 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05899848 d:CurrentFinancialInstruments 2024-12-31 05899848 d:CurrentFinancialInstruments 2023-12-31 05899848 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05899848 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05899848 d:ShareCapital 2024-12-31 05899848 d:ShareCapital 2023-12-31 05899848 d:RetainedEarningsAccumulatedLosses 2024-12-31 05899848 d:RetainedEarningsAccumulatedLosses 2023-12-31 05899848 c:FRS102 2024-01-01 2024-12-31 05899848 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05899848 c:FullAccounts 2024-01-01 2024-12-31 05899848 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05899848 2 2024-01-01 2024-12-31 05899848 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 05899848







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


PROUDLEY ASSOCIATES LIMITED






































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PROUDLEY ASSOCIATES LIMITED
 


 
COMPANY INFORMATION


Directors
Mark Proudley 
Deborah Proudley 
Olivia Kay 




Company secretary
Deborah Proudley



Registered number
05899848



Registered office
Unit 4c Austin Park
Yeoman Road

Ringwood

Hampshire

BH24 3FG




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


PROUDLEY ASSOCIATES LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


PROUDLEY ASSOCIATES LIMITED
REGISTERED NUMBER:05899848



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,458
3,414

  
13,458
3,414

Current assets
  

Debtors: amounts falling due within one year
 5 
26,047
60,061

Cash at bank and in hand
  
376,735
590,845

  
402,782
650,906

Creditors: amounts falling due within one year
 6 
(320,374)
(587,033)

Net current assets
  
 
 
82,408
 
 
63,873

Total assets less current liabilities
  
95,866
67,287

Provisions for liabilities
  

Deferred tax
  
(2,104)
(1,703)

  
 
 
(2,104)
 
 
(1,703)

Net assets
  
93,762
65,584

Page 1

 


PROUDLEY ASSOCIATES LIMITED
REGISTERED NUMBER:05899848


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
93,662
65,484

  
93,762
65,584


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: 




Mark Proudley
Director

Date: 25 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PROUDLEY ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Proudley Associates Limited is a private company limited by shares, incorporated in the United Kingdom and domiciled in England. The address of its registered office is disclosed on the company information page. 

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

Interest income

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

 
2.4

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


PROUDLEY ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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 reporting 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 reporting 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 reporting date.


 
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.

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:

Fixtures and fittings
-
25%

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.

Page 4

 


PROUDLEY ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
18,429


Additions
12,069



At 31 December 2024

30,498



Depreciation


At 1 January 2024
15,015


Charge for the year on owned assets
2,025



At 31 December 2024

17,040



Net book value



At 31 December 2024
13,458



At 31 December 2023
3,414

Page 5

 


PROUDLEY ASSOCIATES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
15,676
54,550

Other debtors
4,915
-

Prepayments and accrued income
5,456
5,511

26,047
60,061



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
25,510
12,438

Corporation tax
37,246
25,479

Other taxation and social security
4,849
7,209

Other creditors
250,559
539,807

Accruals and deferred income
2,210
2,100

320,374
587,033



7.


Related party transactions

Included within the creditors due within one year are amounts owed to the directors from the company amounting to  £624 (2023 - £4,744). This loan is undated and interest free.

 
Page 6