Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31No description of principal activity2022-02-01false55falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09973011 2022-02-01 2023-01-31 09973011 2021-02-01 2022-01-31 09973011 2023-01-31 09973011 2022-01-31 09973011 c:Director1 2022-02-01 2023-01-31 09973011 d:ComputerEquipment 2022-02-01 2023-01-31 09973011 d:ComputerEquipment 2023-01-31 09973011 d:ComputerEquipment 2022-01-31 09973011 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 09973011 d:CurrentFinancialInstruments 2023-01-31 09973011 d:CurrentFinancialInstruments 2022-01-31 09973011 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09973011 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 09973011 d:ShareCapital 2023-01-31 09973011 d:ShareCapital 2022-01-31 09973011 d:SharePremium 2023-01-31 09973011 d:SharePremium 2022-01-31 09973011 d:RetainedEarningsAccumulatedLosses 2023-01-31 09973011 d:RetainedEarningsAccumulatedLosses 2022-01-31 09973011 c:OrdinaryShareClass1 2022-02-01 2023-01-31 09973011 c:OrdinaryShareClass1 2023-01-31 09973011 c:OrdinaryShareClass1 2022-01-31 09973011 c:OrdinaryShareClass2 2022-02-01 2023-01-31 09973011 c:OrdinaryShareClass2 2023-01-31 09973011 c:FRS102 2022-02-01 2023-01-31 09973011 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 09973011 c:FullAccounts 2022-02-01 2023-01-31 09973011 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09973011










BDF ADVISORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
BDF ADVISORS LIMITED
REGISTERED NUMBER: 09973011

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
336
-

  
336
-

Current assets
  

Debtors: amounts falling due within one year
 5 
74,402
48,341

Cash at bank and in hand
 6 
33,034
21,355

  
107,436
69,696

Creditors: amounts falling due within one year
 7 
(135,718)
(92,504)

Net current liabilities
  
 
 
(28,282)
 
 
(22,808)

Total assets less current liabilities
  
(27,946)
(22,808)

  

Net liabilities
  
(27,946)
(22,808)


Capital and reserves
  

Called up share capital 
 8 
1,050
1,000

Share premium account
  
29,950
-

Profit and loss account
  
(58,946)
(23,808)

  
(27,946)
(22,808)


Page 1

 
BDF ADVISORS LIMITED
REGISTERED NUMBER: 09973011
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

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 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 Bonser
Director

Date: 9 October 2023

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

Page 2

 
BDF ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

BDF Advisors Limited is a private company, limited shares, registered in England and Wales registration number 09973011. The registered office is 10 Queen Street Place, London EC4R 1AG.
The principal activity of the company is that of provision of management consultancy services.

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

Going concern

The financial statements have been prepared on a going concern basis on the assumption that the shareholders and other creditors will continue to provide ongoing financial support for the foreseeable future. 

 
2.3

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.

 
2.4

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.

Page 3

 
BDF ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Computer equipment
-

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 profit or loss.

 
2.5

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.

 
2.6

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.

 
2.7

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.

  
2.8

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 5 (2022 - 5).

Page 4

 
BDF ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
375



At 31 January 2023

375



Depreciation


Charge for the year on owned assets
39



At 31 January 2023

39



Net book value



At 31 January 2023
336



At 31 January 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
72,053
45,960

Other debtors
1,899
1,931

Prepayments and accrued income
450
450

74,402
48,341



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
33,034
21,355

33,034
21,355


Page 5

 
BDF ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
29,164
9,708

Other taxation and social security
19,317
8,567

Accruals and deferred income
87,237
74,229

135,718
92,504



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1 each
1,000
1,000
50 Ordinary shares of £1 each
50
-

1,050

1,000


On 26nd July 2022, the company issued 50 Ordinary Shares of £1 each at a premium of £29,950 per share. 

 
Page 6