ACCOUNTS - Final Accounts

Caseware UK (AP4) 2018.0.111 2018.0.111 2018-09-302018-09-30No description of principal activityfalse2017-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue SC076111 2017-10-01 2018-09-30 SC076111 2016-10-01 2017-09-30 SC076111 2018-09-30 SC076111 2017-09-30 SC076111 c:CompanySecretary1 2017-10-01 2018-09-30 SC076111 c:Director1 2017-10-01 2018-09-30 SC076111 c:RegisteredOffice 2017-10-01 2018-09-30 SC076111 c:Agent1 2017-10-01 2018-09-30 SC076111 d:FurnitureFittings 2017-10-01 2018-09-30 SC076111 d:FurnitureFittings 2018-09-30 SC076111 d:FurnitureFittings 2017-09-30 SC076111 d:FurnitureFittings d:OwnedOrFreeholdAssets 2017-10-01 2018-09-30 SC076111 d:Goodwill 2017-10-01 2018-09-30 SC076111 d:Goodwill 2018-09-30 SC076111 d:Goodwill 2017-09-30 SC076111 d:CurrentFinancialInstruments 2018-09-30 SC076111 d:CurrentFinancialInstruments 2017-09-30 SC076111 d:Non-currentFinancialInstruments 2018-09-30 SC076111 d:Non-currentFinancialInstruments 2017-09-30 SC076111 d:CurrentFinancialInstruments d:WithinOneYear 2018-09-30 SC076111 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 SC076111 d:Non-currentFinancialInstruments d:AfterOneYear 2018-09-30 SC076111 d:Non-currentFinancialInstruments d:AfterOneYear 2017-09-30 SC076111 d:ShareCapital 2018-09-30 SC076111 d:ShareCapital 2017-09-30 SC076111 d:SharePremium 2018-09-30 SC076111 d:SharePremium 2017-09-30 SC076111 d:CapitalRedemptionReserve 2018-09-30 SC076111 d:CapitalRedemptionReserve 2017-09-30 SC076111 d:RetainedEarningsAccumulatedLosses 2018-09-30 SC076111 d:RetainedEarningsAccumulatedLosses 2017-09-30 SC076111 c:FRS102 2017-10-01 2018-09-30 SC076111 c:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 SC076111 c:FullAccounts 2017-10-01 2018-09-30 SC076111 c:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30 iso4217:GBP xbrli:pure

Registered number: SC076111

PPCA LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

PPCA LIMITED

COMPANY INFORMATION

DIRECTOR	R Matthew


COMPANY SECRETARY	Thorntons Law LLP


REGISTERED NUMBER	SC076111


REGISTERED OFFICE	Kinburn Castle
	Doubledykes Road
	St Andrews
	Fife
	KY16 9DR


ACCOUNTANTS	EQ Accountants LLP
	Chartered Accountants
	Westby
	64 West High Street
	Forfar
	Angus
	DD8 1BJ


BANKERS	The Royal Bank of Scotland PLC
	142-144 Princes Street
	Edinburgh
	EH2 4EQ

PPCA LIMITED

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PPCA LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PPCA Limited for the year ended 30 September 2018 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017.

This report is made solely to the director of PPCA Limited in accordance with the terms of our engagement letter dated 16 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of PPCA Limited and state those matters that we have agreed to state to the director of PPCA Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PPCA Limited and its director for our work or for this report.

It is your duty to ensure that PPCA Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of PPCA Limited. You consider that PPCA Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of PPCA Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

EQ Accountants LLP

Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ

13 December 2018

Page 1

PPCA LIMITED

REGISTERED NUMBER: SC076111

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2018

		2018		2017
Note		£		£

FIXED ASSETS
Intangible assets	4		127,500		142,500
Tangible assets	5		850		543
			128,350		143,043
CURRENT ASSETS
Debtors: amounts falling due within one year	6	9,654		23,945
Cash at bank and in hand		283,343		238,435
		292,997		262,380
Creditors: amounts falling due within one year	7	(69,660)		(65,933)
NET CURRENT ASSETS			223,337		196,447
TOTAL ASSETS LESS CURRENT LIABILITIES			351,687		339,490
Creditors: amounts falling due after more than one year	8		(90,000)		(120,000)

NET ASSETS			261,687		219,490

CAPITAL AND RESERVES
Called up share capital	180	180
Share premium account	95	95
Capital redemption reserve	5,325	5,325
Profit and loss account	256,087	213,890
	261,687	219,490

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 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.

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PPCA LIMITED

REGISTERED NUMBER: SC076111

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2018

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 13 December 2018.

R Matthew

Director

The notes on pages 4 to 8 form part of these financial statements.

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PPCA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

1.	GENERAL INFORMATION

PPCA Limited is a private company, limited by shares, incorporated in Scotland with registration number SC076111. The registered office is Kinburn Castle, Doubledykes Road, St. Andrews, Fife, KY16 9DR.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

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PPCA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

2.ACCOUNTING POLICIES (CONTINUED)

2.4

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:

Fixtures, fittings and equipment

20% straight line

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 the Statement of income and retained earnings.

2.5

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 non-puttable ordinary shares.

2.6

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 2 (2017 - 2).

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PPCA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

4.	INTANGIBLE ASSETS

		Goodwill
		£
	COST
	At 1 October 2017	650,000
	At 30 September 2018	650,000
	AMORTISATION
	At 1 October 2017	507,500
	Charge for the year	15,000
	At 30 September 2018	522,500
	NET BOOK VALUE
	At 30 September 2018	127,500
	At 30 September 2017	142,500

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PPCA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

5.	TANGIBLE FIXED ASSETS

		Office equipment
		£
	COST OR VALUATION
	At 1 October 2017	5,713
	Additions	912
	At 30 September 2018	6,625
	DEPRECIATION
	At 1 October 2017	5,170
	Charge for the year on owned assets	605
	At 30 September 2018	5,775
	NET BOOK VALUE
	At 30 September 2018	850
	At 30 September 2017	543

DEBTORS

					2018	2017
					£	£


Trade debtors	9,388	23,055
Other debtors	-	309
Prepayments and accrued income	266	581
	9,654	23,945

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PPCA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

7.	CREDITORS: Amounts falling due within one year
		2018	2017
		£	£

Trade creditors	930	1,415
Other taxation and social security	31,351	32,268
Other creditors	31,055	30,000
Accruals & deferred income	6,324	2,250
	69,660	65,933

8.	CREDITORS: Amounts falling due after more than one year
		2018	2017
		£	£

Other creditors	90,000	120,000
	90,000	120,000

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