ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-30true2021-05-010falseNo description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13049391 2021-05-01 2022-04-30 13049391 2020-05-01 2021-04-30 13049391 2022-04-30 13049391 2021-04-30 13049391 c:Director1 2021-05-01 2022-04-30 13049391 d:CurrentFinancialInstruments 2022-04-30 13049391 d:CurrentFinancialInstruments 2021-04-30 13049391 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13049391 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 13049391 d:ShareCapital 2022-04-30 13049391 d:ShareCapital 2021-04-30 13049391 d:RetainedEarningsAccumulatedLosses 2022-04-30 13049391 d:RetainedEarningsAccumulatedLosses 2021-04-30 13049391 c:OrdinaryShareClass1 2021-05-01 2022-04-30 13049391 c:OrdinaryShareClass1 2022-04-30 13049391 c:OrdinaryShareClass1 2021-04-30 13049391 c:OrdinaryShareClass2 2021-05-01 2022-04-30 13049391 c:OrdinaryShareClass2 2022-04-30 13049391 c:OrdinaryShareClass2 2021-04-30 13049391 c:FRS102 2021-05-01 2022-04-30 13049391 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 13049391 c:FullAccounts 2021-05-01 2022-04-30 13049391 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 13049391 2 2021-05-01 2022-04-30 13049391 6 2021-05-01 2022-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13049391

D PUGH LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2022

D PUGH LIMITED

REGISTERED NUMBER: 13049391

BALANCE SHEET

AS AT 30 APRIL 2022

		2022		2021
Note		£		£

Fixed assets
Investments	4		27,415		-
			27,415		-
Current assets
Debtors: amounts falling due within one year	5	-		1
Cash at bank and in hand	6	6,159		-
		6,159		1
Creditors: amounts falling due within one year	7	(33,355)		-
Net current (liabilities)/assets			(27,196)		1
Total assets less current liabilities			219		1

Net assets			219		1

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		218	-
		219	1

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D PUGH LIMITED

REGISTERED NUMBER: 13049391

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2022

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 profit and loss account 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 2 November 2022.

David Pugh

Director

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

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D PUGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

1.	General information

D Pugh Limited, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Chapter House North Abbey Lawn, Abbey Foregate, Shrewsbury, SY2 5DE.

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

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D PUGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

2.5

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 balance sheet date in the countries where the Company operates and generates income.

2.6

Valuation of investments

Investments held as fixed assets are shown as cost less provision for impairment. Investments are stated at cost, plus allocated profits, less drawings to date, plus any revaluations.

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.

2.8

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.

2.9

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.

2.10

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.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 0 (2021 - 0).

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D PUGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	Additions	27,415
	At 30 April 2022	27,415

Debtors

					2022	2021
					£	£


Other debtors	-	1
	-	1

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	6,159	-
	6,159	-

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Other taxation and social security	6,267	-
Other creditors	26,386	-
Accruals and deferred income	702	-
	33,355	-

D Pugh Limited entered into a loan agreement with Barclays Bank UK plc on 3 December 2021. Barclays Bank UK plc have a fixed and floating charge over all undertakings and assets of the company as a result of this agreement.

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D PUGH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

8.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

90 (2021 - 90) Odrinary A shares of £0.01 each	0.90	0.90
10 (2021 - 10) Ordinary B shares of £0.01 each	0.10	0.10

	1.00	1.00

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