Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-31 2024-10-31 false 2023-11-01 false No description of principal activity 46 39 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05455906 2023-11-01 2024-10-31 05455906 2024-10-31 05455906 2022-11-01 2023-10-31 05455906 2023-10-31 05455906 c:CompanySecretary1 2023-11-01 2024-10-31 05455906 c:Director1 2023-11-01 2024-10-31 05455906 c:Director2 2023-11-01 2024-10-31 05455906 c:Director3 2023-11-01 2024-10-31 05455906 c:RegisteredOffice 2023-11-01 2024-10-31 05455906 d:CurrentFinancialInstruments 2024-10-31 05455906 d:CurrentFinancialInstruments 2023-10-31 05455906 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 05455906 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05455906 d:ShareCapital 2024-10-31 05455906 d:ShareCapital 2023-10-31 05455906 d:RetainedEarningsAccumulatedLosses 2024-10-31 05455906 d:RetainedEarningsAccumulatedLosses 2023-10-31 05455906 c:FRS102 2023-11-01 2024-10-31 05455906 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05455906 c:FullAccounts 2023-11-01 2024-10-31 05455906 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05455906 d:WithinOneYear 2024-10-31 05455906 d:WithinOneYear 2023-10-31 05455906 d:BetweenOneFiveYears 2024-10-31 05455906 d:BetweenOneFiveYears 2023-10-31 05455906 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company registration number: 05455906
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 OCTOBER 2024
| PRODDOW MACKAY LIMITED
PRODDOW MACKAY LIMITED |  |
CONTENTS
| Page
Company information | 1
Statement of financial position | 2
Notes to the financial statements | 3 - 5
PRODDOW MACKAY LIMITED |  |
COMPANY INFORMATION
Directors | R J Helsby
| D J Mackay
| R S Mackay
Company secretary | J H Bostock
Registered number | 05455906
Registered office | 250 Shepcote Lane
| Sheffield
| South Yorkshire
| S9 1TP
Accountants | Menzies LLP
| Chartered Accountants
| 2nd Floor, Midas House
| 62 Goldsworth Road
| Woking
| Surrey
| GU21 6LQ
Page 1
PRODDOW MACKAY LIMITED REGISTERED NUMBER:05455906 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 754,759 |  | 705,994 |
|  | 754,759 |  | 705,994 |
Creditors: amounts falling due within one year | 5 | (540,735) |  | (501,844) |
Net current assets |  |  | 214,024 |  | 204,150
Total assets less current liabilities |  |  | 214,024 |  | 204,150
Net assets |  |  | 214,024 |  | 204,150
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,000 |  | 1,000
Profit and loss account |  |  | 213,024 |  | 203,150
|  |  | 214,024 |  | 204,150
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:
................................................ D J Mackay
Director
Date: 5 October 2025
The notes on pages 3 to 5 form part of these financial statements. Page 2
PRODDOW MACKAY LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
1. | General information
Proddow Mackay Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the principal place of business is the same as the company's registered office disclosed on the company information page. The financial statements are prepared in sterling, which is the functional currency of the company. Monetaryamounts in these financial statements are rounded to the nearest £. 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 | 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.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
PRODDOW MACKAY LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 2.Accounting policies (continued)
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | 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 46 (2023 - 39).
4. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 139,932 | 153,160
| Other debtors | 410,216 | 410,216
| Amounts recoverable on contracts | 204,611 | 142,618
|  | 754,759 | 705,994
Page 4
PRODDOW MACKAY LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank overdrafts | 6,772 | 2,172
| Corporation tax | 10,340 | 12,912
| Other taxation and social security | 18,833 | 16,871
| Other creditors | 499,840 | 464,939
| Accruals and deferred income | 4,950 | 4,950
|  | 540,735 | 501,844
| Bank borrowing and overdrafts are secured by a fixed and floating charge on the assets of the company.
6. | Contingent liabilities
The company is part of a VAT group in which all members are jointly and severally liable for any VAT the group owes to HMRC. At 31 October 2024 the overall liability held by the associated company Proddow Mackay Solicitors LLP totals £1,435,017 (2023 - £1,086,681)
7. | Commitments under operating leases
| At 31 October 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 | 23,005 | 34,216
| Later than 1 year and not later than 5 years | 11,591 | 34,594
|  | 34,596 | 68,810
8. | Description of nature of transactions and balances with related parties
| At the year end date, Proddow Mackay Limited ("The company") had the following transactions: The company owed £495,132 to Proddow Mackay Solicitors LLP (2023 - £464,939). The loan is interest free and is repayable on demand. The entity is under common control. The company was owed £410,216 by PM Law Limited (2023 - £410,216). The loan is interest free and is repayable on demand. The entity is under common control. An inter-company guarantee exists between PM Law Limited, Proddow Mackay Limited and Proddow Mackay (Conveyancing) Limited in favour of Yorkshire Bank Plc.
Page 5