Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31truetruetruetrue02021-04-01falseThe principal activity of BKL VAT Advice Line Ltd ('the company') is the provision of VAT advisoryservices.0true 12528687 2021-04-01 2022-03-31 12528687 2020-03-20 2021-03-31 12528687 2022-03-31 12528687 2021-03-31 12528687 c:Director2 2021-04-01 2022-03-31 12528687 d:Goodwill 2021-04-01 2022-03-31 12528687 d:Goodwill 2022-03-31 12528687 d:Goodwill 2021-03-31 12528687 d:CurrentFinancialInstruments 2022-03-31 12528687 d:CurrentFinancialInstruments 2021-03-31 12528687 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12528687 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 12528687 d:ShareCapital 2022-03-31 12528687 d:ShareCapital 2020-03-20 2021-03-31 12528687 d:ShareCapital 2021-03-31 12528687 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 12528687 d:RetainedEarningsAccumulatedLosses 2022-03-31 12528687 d:RetainedEarningsAccumulatedLosses 2020-03-20 2021-03-31 12528687 d:RetainedEarningsAccumulatedLosses 2021-03-31 12528687 c:OrdinaryShareClass1 2021-04-01 2022-03-31 12528687 c:OrdinaryShareClass1 2022-03-31 12528687 c:OrdinaryShareClass1 2021-03-31 12528687 c:FRS102 2021-04-01 2022-03-31 12528687 c:Audited 2021-04-01 2022-03-31 12528687 c:FullAccounts 2021-04-01 2022-03-31 12528687 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 12528687 c:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 12528687 6 2021-04-01 2022-03-31 12528687 d:Goodwill d:OwnedIntangibleAssets 2021-04-01 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12528687









BKL VAT ADVICE LINE LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
BKL VAT ADVICE LINE LTD
REGISTERED NUMBER: 12528687

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,000
8,000

Investments
 5 
100
100

  
6,100
8,100

Current assets
  

Debtors: amounts falling due within one year
 6 
69,627
113,531

Cash at bank and in hand
 7 
3,835
11,291

  
73,462
124,822

Creditors: amounts falling due within one year
 8 
(73,842)
(83,835)

Net current (liabilities)/assets
  
 
 
(380)
 
 
40,987

Total assets less current liabilities
  
5,720
49,087

  

Net assets
  
5,720
49,087


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
5,520
48,887

  
5,720
49,087


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 comprehensive income 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 M B Landau
Director

Date: 8 July 2022

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

Page 1

 
BKL VAT ADVICE LINE LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Profit and loss account
Total equity

£
£
£



Profit for the period

-
48,887
48,887

Shares issued during the period
200
-
200



At 1 April 2021
200
48,887
49,087



Profit for the year

-
11,633
11,633

Dividends: Equity capital
-
(55,000)
(55,000)


At 31 March 2022
200
5,520
5,720


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

Page 2

 
BKL VAT ADVICE LINE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

The principal activity of BKL VAT Advice Line Ltd ('the company') is the provision of VAT advisory services.
The company is a private company limited by shares registered in England and Wales. The address of its
Registered Office is 35 Ballards Lane, London, N3 1XW.

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 ("FRS 102") and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Berg Kaprow Lewis LLP as at 31 March 2022 and these financial statements may be obtained from the Registered Office at 35 Ballards Lane, London, N3 1XW.

 
2.3

Exemption from preparing consolidated financial statements

The Company is a parent Company that is also a subsidiary included in the consolidated financial statements of its immediate parent undertaking established in the UK and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.4

Revenue recognition

Turnover comprises amounts chargeable in respect of professional services provided during the year, exclusive of Value Added Tax.
All turnover arose within the United Kingdom.

Page 3

 
BKL VAT ADVICE LINE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in the Statement of Comprehensive Income 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.

 
2.6

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 Comprehensive Income over its useful economic life.

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.

 The estimated useful lives range as follows:

Goodwill
-
5
years

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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

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.

(i) Financial assets
 
Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. 
Such assets are subsequently carried at amortised cost using the effective interest method.
 
Page 4

 
BKL VAT ADVICE LINE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
(ii) Financial liabilities
Basic financial liabilities, including trade and other payables and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. 
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Basic debt instruments, including basic loans, are required to be measured at amortised cost using the effective interest method. For debt instruments provided at a below-market interest rate, consideration has been given to the appropriate rate to be used in the discounting of these debt instruments. An interest rate that is considered to be appropriate, taking into account third party rates, has been adopted in the discounting of the interest free loans.
 
 
2.10

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.




3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).

Page 5

 
BKL VAT ADVICE LINE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2021
10,000



At 31 March 2022

10,000



Amortisation


At 1 April 2021
2,000


Charge for the year on owned assets
2,000



At 31 March 2022

4,000



Net book value



At 31 March 2022
6,000



At 31 March 2021
8,000




5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2021
100



At 31 March 2022
100




The investment represents the holding of all of the share capital in VAT Advice Line Ltd, a company which is incorporated in England and Wales and which did not trade during the period.

 

Page 6

 
BKL VAT ADVICE LINE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
61,804
105,148

Other debtors
7,823
8,383

69,627
113,531



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
3,835
11,291

3,835
11,291



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
18,665
21,972

Corporation tax
3,764
5,263

Other creditors
100
100

Accruals and deferred income
51,313
56,500

73,842
83,835



9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



200 (2021 - 200) Ordinary shares of £1.00 each
200
200



10.


Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 Section 33.1A from the requirement to disclose transactions with wholly owned group undertakings.

Page 7

 
BKL VAT ADVICE LINE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

11.


Parent undertaking

The immediate and ultimate parent undertaking is Berg Kaprow Lewis LLP, an LLP incorporated in England and Wales.
Berg Kaprow Lewis LLP prepare group financial statements and copies can be obtained from the Registered Office at 35 Ballards Lane, London N3 1XW. 
 

12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2022 was unqualified.

The audit report was signed on 8 July 2022 by Alexander Bottom ACA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 8