Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falsefalsefalseNo description of principal activity4148trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10451879 2024-01-01 2024-12-31 10451879 2023-01-01 2023-12-31 10451879 2024-12-31 10451879 2023-12-31 10451879 c:CompanySecretary1 2024-01-01 2024-12-31 10451879 c:Director2 2024-01-01 2024-12-31 10451879 c:RegisteredOffice 2024-01-01 2024-12-31 10451879 d:OfficeEquipment 2024-01-01 2024-12-31 10451879 d:OfficeEquipment 2024-12-31 10451879 d:OfficeEquipment 2023-12-31 10451879 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10451879 d:ComputerEquipment 2024-01-01 2024-12-31 10451879 d:CurrentFinancialInstruments 2024-12-31 10451879 d:CurrentFinancialInstruments 2023-12-31 10451879 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10451879 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10451879 d:ShareCapital 2024-12-31 10451879 d:ShareCapital 2023-12-31 10451879 d:RetainedEarningsAccumulatedLosses 2024-12-31 10451879 d:RetainedEarningsAccumulatedLosses 2023-12-31 10451879 c:OrdinaryShareClass1 2024-01-01 2024-12-31 10451879 c:OrdinaryShareClass1 2024-12-31 10451879 c:OrdinaryShareClass1 2023-12-31 10451879 c:FRS102 2024-01-01 2024-12-31 10451879 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10451879 c:FullAccounts 2024-01-01 2024-12-31 10451879 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10451879 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10451879










MMS HOLDINGS EUROPE LIMITED








UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MMS HOLDINGS EUROPE LIMITED
 

COMPANY INFORMATION


Director
Uma Sharma 




Company secretary
Alan Peter Nicolle



Registered number
10451879



Registered office
Lynfield
Maynards Green

Heathfield

East Sussex

TN21 0DG




Accountant
Neil Thomas FCA
Chartered Accountant

Lynfield

Maynards Green

Heathfield

East Sussex

TN21 0DG





 
MMS HOLDINGS EUROPE LIMITED
 

CONTENTS



Page
Director's Report
1
Profit and Loss Account
2
Balance Sheet
3
Notes to the Financial Statements
4 - 7


 
MMS HOLDINGS EUROPE LIMITED
 

 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors presents this report and the financial statements for the year ended 31 December 2024.


.





Director

The director who served during the year was:

Uma Sharma 

Small companies note

In preparing this report, the director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 24 June 2025 and signed on its behalf.
 




Uma Sharma
Director

Page 1

 
MMS HOLDINGS EUROPE LIMITED
 

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Turnover
  
3,513,315
3,347,885

Gross profit
  
3,513,315
3,347,885

Administrative expenses
  
(3,612,580)
(3,366,118)

Operating loss
  
(99,265)
(18,233)

Interest payable and similar expenses
  
(90)
-

Loss before tax
  
(99,355)
(18,233)

Loss for the financial year
  
(99,355)
(18,233)

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
MMS HOLDINGS EUROPE LIMITED
REGISTERED NUMBER: 10451879

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,210
14,520

  
6,210
14,520

Current assets
  

Debtors: amounts falling due within one year
 5 
13,638
17,712

Cash at bank and in hand
 6 
266,910
302,153

  
280,548
319,865

Creditors: amounts falling due within one year
 7 
(417,950)
(295,149)

Net current (liabilities)/assets
  
 
 
(137,402)
 
 
24,716

Total assets less current liabilities
  
(131,192)
39,236

  

Net (liabilities)/assets
  
(131,192)
39,236


Capital and reserves
  

Called up share capital 
 8 
10,000
10,000

Profit and loss account
  
(141,192)
29,236

  
(131,192)
39,236


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 her 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 were approved and authorised for issue by the board and were signed on its behalf by: 




Uma Sharma
Director

Date: 24 June 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MMS HOLDINGS EUROPE LIMITED
 

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

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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.

 
1.4

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
MMS HOLDINGS EUROPE LIMITED
 

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

1.Accounting policies (continued)

 
1.5

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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
-
33%
The cost is written off over 3 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.

 
1.6

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.

 
1.7

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.

 
1.8

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.


General information

MMS Holdings Europe Limited is a limited company incoorporated in England and Wales. The Registered Office is shown on the information page above, 


3.


Employees

The average monthly number of employees, including directors, during the year was 41 (2023 - 48).

Page 5

 
MMS HOLDINGS EUROPE LIMITED
 

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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
44,903


Additions
2,236



At 31 December 2024

47,139



Depreciation


At 1 January 2024
30,383


Charge for the year on owned assets
10,546



At 31 December 2024

40,929



Net book value



At 31 December 2024
6,210



At 31 December 2023
14,520


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
13,638
17,712

13,638
17,712



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
266,910
302,153

266,910
302,153


Page 6

 
MMS HOLDINGS EUROPE LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,611
2,575

Amounts owed to group undertakings
172,912
149,988

Other taxation and social security
166,994
78,192

Other creditors
64,994
61,119

Accruals and deferred income
3,439
3,275

417,950
295,149



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



9.


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. The pension cost charge represents contributions payable by the Company to the fund and amounted to £191,474 (2023: £198,053). Contributions totalling £30,587 (2023: £26,711) were payable to the fund at the balance sheet date and are included in creditors.


Page 7