Caseware UK (AP4) 2024.0.164 2024.0.164 2023-05-312023-05-312025-05-282022-06-01falseNo description of principal activity66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07266467 2022-06-01 2023-05-31 07266467 2021-06-01 2022-05-31 07266467 2023-05-31 07266467 2022-05-31 07266467 c:Director1 2022-06-01 2023-05-31 07266467 c:RegisteredOffice 2022-06-01 2023-05-31 07266467 d:ComputerEquipment 2022-06-01 2023-05-31 07266467 d:ComputerEquipment 2023-05-31 07266467 d:ComputerEquipment 2022-05-31 07266467 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07266467 d:CurrentFinancialInstruments 2023-05-31 07266467 d:CurrentFinancialInstruments 2022-05-31 07266467 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07266467 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07266467 d:ShareCapital 2023-05-31 07266467 d:ShareCapital 2022-05-31 07266467 d:RetainedEarningsAccumulatedLosses 2023-05-31 07266467 d:RetainedEarningsAccumulatedLosses 2022-05-31 07266467 c:FRS102 2022-06-01 2023-05-31 07266467 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07266467 c:FullAccounts 2022-06-01 2023-05-31 07266467 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07266467 2 2022-06-01 2023-05-31 07266467 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Company registration number: 07266467







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023


SAUNDERS SCOTT LIMITED






































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SAUNDERS SCOTT LIMITED
 


 
COMPANY INFORMATION


Director
G R McGuff 




Registered number
07266467



Registered office
13 The Causeway

Teddington

TW11 0JR




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


SAUNDERS SCOTT LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5


 


SAUNDERS SCOTT LIMITED
REGISTERED NUMBER:07266467



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
8,010
7,835

  
8,010
7,835

Current assets
  

Debtors: amounts falling due within one year
  
1,097,295
764,118

Cash at bank and in hand
  
354,849
80,609

  
1,452,144
844,727

Creditors: amounts falling due within one year
  
(983,512)
(751,887)

Net current assets
  
 
 
468,632
 
 
92,840

Total assets less current liabilities
  
476,642
100,675

  

Net assets
  
476,642
100,675


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
476,641
100,674

  
476,642
100,675


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 on 28 May 2025.


G R McGuff
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


SAUNDERS SCOTT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Saunders Scott Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and trading address are provided in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all years presented unless otherwise stated.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 


SAUNDERS SCOTT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

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

 
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 Statement of financial position. 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 reporting date in the countries where the Company operates and generates income.


 
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.

Page 3

 


SAUNDERS SCOTT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Computer equipment
-
33%

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 June 2022
11,752


Additions
6,139



At 31 May 2023

17,891



Depreciation


At 1 June 2022
3,917


Charge for the year on owned assets
5,964



At 31 May 2023

9,881



Net book value



At 31 May 2023
8,010



At 31 May 2022
7,835

Page 4

 


SAUNDERS SCOTT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

As restated
2023
2022
£
£


Trade debtors
379,322
272,675

Other debtors
717,973
491,443

1,097,295
764,118



6.


Creditors: Amounts falling due within one year

As restated
2023
2022
£
£

Bank overdrafts
19,705
2,831

Bank loans
29,356
39,173

Trade creditors
166,040
273,874

Corporation tax
373,644
262,849

Other taxation and social security
329,685
172,646

Other creditors
2,007
514

Accruals and deferred income
63,075
-

983,512
751,887



7.


Prior year adjustment

During the preparation of the current year's financial statements, a number of errors were identified in the financial statements for the year ended 31 May 2022. As a result the company has made a prior year adjustment to correct the errors which is reflected in the comparative figures. This adjustment has resulted in a reduction in retained earnings of £769,215.

 
Page 5