Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-315No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-01-01false6falsetrue 06293410 2021-01-01 2021-12-31 06293410 2020-01-01 2020-12-31 06293410 2021-12-31 06293410 2020-12-31 06293410 c:Director2 2021-01-01 2021-12-31 06293410 d:FurnitureFittings 2021-01-01 2021-12-31 06293410 d:FurnitureFittings 2021-12-31 06293410 d:FurnitureFittings 2020-12-31 06293410 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 06293410 d:ComputerEquipment 2021-01-01 2021-12-31 06293410 d:ComputerEquipment 2021-12-31 06293410 d:ComputerEquipment 2020-12-31 06293410 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 06293410 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 06293410 d:CurrentFinancialInstruments 2021-12-31 06293410 d:CurrentFinancialInstruments 2020-12-31 06293410 d:Non-currentFinancialInstruments 2021-12-31 06293410 d:Non-currentFinancialInstruments 2020-12-31 06293410 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06293410 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06293410 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 06293410 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 06293410 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 06293410 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 06293410 d:ShareCapital 2021-12-31 06293410 d:ShareCapital 2020-12-31 06293410 d:SharePremium 2021-12-31 06293410 d:SharePremium 2020-12-31 06293410 d:OtherMiscellaneousReserve 2021-12-31 06293410 d:OtherMiscellaneousReserve 2020-12-31 06293410 d:RetainedEarningsAccumulatedLosses 2021-12-31 06293410 d:RetainedEarningsAccumulatedLosses 2020-12-31 06293410 c:FRS102 2021-01-01 2021-12-31 06293410 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 06293410 c:FullAccounts 2021-01-01 2021-12-31 06293410 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 06293410 2 2021-01-01 2021-12-31 06293410 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 06293410









BROTHERS AND SISTERS CREATIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
BROTHERS AND SISTERS CREATIVE LIMITED
REGISTERED NUMBER: 06293410

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,569
4,997

  
10,569
4,997

Current assets
  

Debtors: amounts falling due within one year
 5 
603,120
354,059

Cash at bank and in hand
 6 
943,502
1,299,073

  
1,546,622
1,653,132

Creditors: amounts falling due within one year
 7 
(982,080)
(1,026,760)

Net current assets
  
 
 
564,542
 
 
626,372

Total assets less current liabilities
  
575,111
631,369

Creditors: amounts falling due after more than one year
 8 
(174,190)
(235,006)

  

Net assets
  
400,921
396,363


Capital and reserves
  

Called up share capital 
  
1,144
1,144

Share premium account
  
90,183
90,183

Other reserves
  
255
255

Profit and loss account
  
309,339
304,781

  
400,921
396,363


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.

Page 1

 
BROTHERS AND SISTERS CREATIVE LIMITED
REGISTERED NUMBER: 06293410
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A G Fowler
Director

Date: 1 September 2022

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BROTHERS AND SISTERS CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Brothers and Sisters Creative Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 7 Bell Yard, London, WC2A 2JR. 
Brothers and Sisters Creative Limited is a full service advertising agency.
The signicant 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 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
BROTHERS AND SISTERS CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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.

 
2.8

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.

 
2.9

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 4

 
BROTHERS AND SISTERS CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)



Depreciation is provided on the following basis:

Fixtures and fittings
-
5 years straight line
Computer equipment
-
3 years straight line

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

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.

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2020 - 6).

Page 5

 
BROTHERS AND SISTERS CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2021
3,000
8,766
11,766


Additions
-
10,364
10,364



At 31 December 2021

3,000
19,130
22,130



Depreciation


At 1 January 2021
600
6,169
6,769


Charge for the year on owned assets
600
4,192
4,792



At 31 December 2021

1,200
10,361
11,561



Net book value



At 31 December 2021
1,800
8,769
10,569



At 31 December 2020
2,400
2,597
4,997

Page 6

 
BROTHERS AND SISTERS CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
£
£


Trade debtors
509,480
239,503

Other debtors
90,284
103,941

Prepayments and accrued income
3,356
10,615

603,120
354,059



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
943,502
1,299,073

943,502
1,299,073



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
60,816
14,994

Trade creditors
363,391
238,681

Corporation tax
2,328
10,939

Other taxation and social security
200,203
277,447

Other creditors
12,898
11,837

Accruals and deferred income
342,444
472,862

982,080
1,026,760



8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
174,190
235,006

174,190
235,006


Page 7

 
BROTHERS AND SISTERS CREATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
60,816
14,994


60,816
14,994


Amounts falling due 2-5 years

Bank loans
174,190
235,006


174,190
235,006


235,006
250,000


 
Page 8