Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-297false2024-04-01falseNo description of principal activity7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05817903 2024-04-01 2025-03-31 05817903 2023-04-01 2024-03-31 05817903 2025-03-31 05817903 2024-03-31 05817903 c:Director1 2024-04-01 2025-03-31 05817903 c:RegisteredOffice 2024-04-01 2025-03-31 05817903 d:ComputerEquipment 2024-04-01 2025-03-31 05817903 d:ComputerEquipment 2025-03-31 05817903 d:ComputerEquipment 2024-03-31 05817903 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 05817903 d:ComputerSoftware 2025-03-31 05817903 d:ComputerSoftware 2024-03-31 05817903 d:CurrentFinancialInstruments 2025-03-31 05817903 d:CurrentFinancialInstruments 2024-03-31 05817903 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 05817903 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05817903 d:ShareCapital 2025-03-31 05817903 d:ShareCapital 2024-03-31 05817903 d:RetainedEarningsAccumulatedLosses 2025-03-31 05817903 d:RetainedEarningsAccumulatedLosses 2024-03-31 05817903 c:FRS102 2024-04-01 2025-03-31 05817903 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05817903 c:FullAccounts 2024-04-01 2025-03-31 05817903 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05817903 d:ComputerSoftware d:OwnedIntangibleAssets 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company registration number: 05817903







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025


SINCERELY PAUL LTD






































img7344.png                        

 


SINCERELY PAUL LTD
 


 
COMPANY INFORMATION


Director
P G Pugh 




Registered number
05817903



Registered office
Thistledene
Old Lane Gardens

Cobham

Surrey

KT11 1NN




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


SINCERELY PAUL LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7

 


SINCERELY PAUL LTD
REGISTERED NUMBER:05817903



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
16,469
29,644

Tangible assets
 5 
1,669
1,096

  
18,138
30,740

Current assets
  

Debtors: amounts falling due within one year
 6 
191,583
234,227

Cash at bank and in hand
  
1,071,147
1,017,559

  
1,262,730
1,251,786

Creditors: amounts falling due within one year
 7 
(915,677)
(935,938)

Net current assets
  
 
 
347,053
 
 
315,848

Total assets less current liabilities
  
365,191
346,588

Provisions for liabilities
  

Deferred tax
  
(4,472)
(7,393)

  
 
 
(4,472)
 
 
(7,393)

Net assets
  
360,719
339,195

Page 1

 


SINCERELY PAUL LTD
REGISTERED NUMBER:05817903


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
50
50

Profit and loss account
  
360,669
339,145

  
360,719
339,195


The director considers 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 director acknowledges his 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:                                          


P G Pugh
Director

Date: 29 May 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


SINCERELY PAUL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Sincerely Paul Ltd is a private company limited by shares incorporated in England and Wales. The address of the registered office which is also the trading address 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is comprised from the specialising in the design and delivery of tours, events, activities, staffing and transportation, possessing and utilising extensive local knowledge, expertise and resources to provide tour services. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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.


 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.



Page 3

 


SINCERELY PAUL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

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:

Computer equipment
-
                     25% Per annum

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.

 
2.6

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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 7).

Page 4

 


SINCERELY PAUL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Intangible assets




Computer software

£



Cost


At 1 April 2024
66,025



At 31 March 2025

66,025



Amortisation


At 1 April 2024
36,381


Charge for the year
13,175



At 31 March 2025

49,556



Net book value



At 31 March 2025
16,469



At 31 March 2024
29,644



Page 5

 


SINCERELY PAUL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2024
10,967


Additions
1,105



At 31 March 2025

12,072



Depreciation


At 1 April 2024
9,871


Charge for the year
532



At 31 March 2025

10,403



Net book value



At 31 March 2025
1,669



At 31 March 2024
1,096


6.


Debtors

2025
2024
£
£


Trade debtors
115,431
172,043

Prepayments and accrued income
76,152
62,184

191,583
234,227



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
17,093
10,830

Corporation tax
74,227
98,807

Other taxation and social security
19,784
34,268

Other creditors
589
725

Accruals and deferred income
803,984
791,308

915,677
935,938


Page 6

 


SINCERELY PAUL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Transactions with directors

During the year, the director was advanced £190,900 (2024: £190,900) in the year, and made repayments of
£190,900 (2024: £190,900). The balance oustanding at year end is £Nil (2024: £Nil). 
There was no interest charged on the loan.
 

 
Page 7