Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01No description of principal activity1013false 01456714 2022-05-01 2023-04-30 01456714 2021-05-01 2022-04-30 01456714 2023-04-30 01456714 2022-04-30 01456714 c:Director2 2022-05-01 2023-04-30 01456714 c:Director3 2022-05-01 2023-04-30 01456714 d:MotorVehicles 2022-05-01 2023-04-30 01456714 d:MotorVehicles 2023-04-30 01456714 d:MotorVehicles 2022-04-30 01456714 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 01456714 d:FurnitureFittings 2022-05-01 2023-04-30 01456714 d:FurnitureFittings 2023-04-30 01456714 d:FurnitureFittings 2022-04-30 01456714 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 01456714 d:OfficeEquipment 2022-05-01 2023-04-30 01456714 d:OfficeEquipment 2023-04-30 01456714 d:OfficeEquipment 2022-04-30 01456714 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 01456714 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 01456714 d:Goodwill 2022-05-01 2023-04-30 01456714 d:Goodwill 2023-04-30 01456714 d:Goodwill 2022-04-30 01456714 d:CurrentFinancialInstruments 2023-04-30 01456714 d:CurrentFinancialInstruments 2022-04-30 01456714 d:Non-currentFinancialInstruments 2023-04-30 01456714 d:Non-currentFinancialInstruments 2022-04-30 01456714 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01456714 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 01456714 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 01456714 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 01456714 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 01456714 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 01456714 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 01456714 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 01456714 d:ShareCapital 2023-04-30 01456714 d:ShareCapital 2022-04-30 01456714 d:RetainedEarningsAccumulatedLosses 2023-04-30 01456714 d:RetainedEarningsAccumulatedLosses 2022-04-30 01456714 c:FRS102 2022-05-01 2023-04-30 01456714 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 01456714 c:FullAccounts 2022-05-01 2023-04-30 01456714 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 01456714 2 2022-05-01 2023-04-30 01456714 d:Goodwill d:OwnedIntangibleAssets 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 01456714









BOWYER BRYCE (SURVEYORS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
BOWYER BRYCE (SURVEYORS) LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 11


 
BOWYER BRYCE (SURVEYORS) LIMITED
REGISTERED NUMBER: 01456714

BALANCE SHEET
AS AT 30 APRIL 2023

As restated
As restated
2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
31,583
47,377

Tangible assets
 5 
13,722
16,306

  
45,305
63,683

Current assets
  

Debtors: amounts falling due within one year
 6 
220,441
185,153

Cash at bank and in hand
 7 
202,614
242,812

  
423,055
427,965

Creditors: amounts falling due within one year
 8 
(152,412)
(209,030)

Net current assets
  
 
 
270,643
 
 
218,935

Total assets less current liabilities
  
315,948
282,618

Creditors: amounts falling due after more than one year
 9 
(25,833)
(35,833)

  

Net assets
  
290,115
246,785


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
289,915
246,585

  
290,115
246,785


Page 1

 
BOWYER BRYCE (SURVEYORS) LIMITED
REGISTERED NUMBER: 01456714
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 on 13 October 2023.




S J Murray
Director



N L J Leedham
Director

Page 2

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Bowyer Bryce (Surveyors) Limited is a private company, limited by shares, and incorporated in England and Wales, United Kingdom, with a registration number 01456714.  The address of the registered office is  96 Silver Street Enfiled EN1 3TW. The principal activity of the company continued to be that of the comercial and industrial property consultants and surveyors.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

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

Page 3

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
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

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.

 
2.7

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.

 
2.8

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.

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.

Page 4

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance basis
Fixtures and fittings
-
15%
Reducing balance basis
Office 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 profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.14

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 average monthly number of employees, including directors, during the year was 10 (2022 - 13).

Page 6

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2022
315,875



At 30 April 2023

315,875



Amortisation


At 1 May 2022
268,498


Charge for the year on owned assets
15,794



At 30 April 2023

284,292



Net book value



At 30 April 2023
31,583



At 30 April 2022
47,377



Page 7

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2022
20,743
38,464
23,829
83,036


Additions
-
-
1,324
1,324



At 30 April 2023

20,743
38,464
25,153
84,360



Depreciation


At 1 May 2022
11,263
35,451
20,016
66,730


Charge for the year on owned assets
2,370
452
1,086
3,908



At 30 April 2023

13,633
35,903
21,102
70,638



Net book value



At 30 April 2023
7,110
2,561
4,051
13,722



At 30 April 2022
9,480
3,013
3,812
16,305


6.


Debtors

2023
2022
£
£


Trade debtors
103,304
72,810

Other debtors
117,137
112,343

220,441
185,153



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
202,614
242,812

202,614
242,812


Page 8

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
12,459
16,424

Corporation tax
52,414
37,191

Other taxation and social security
59,989
49,709

Other creditors
1,605
1,356

Accruals and deferred income
15,945
94,350

152,412
209,030



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
25,833
35,833

25,833
35,833


Page 9

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
-


10,000
-

Amounts falling due 2-5 years

Bank loans
15,833
35,833


15,833
35,833


35,833
45,833



11.


Deferred taxation


12.


Prior year adjustment

Included within administration expenses were dividends of £162,044. The restatement of this amount has resulted in £29,589 in additional corporation tax. The net effect on the net assets of the company was a reduction of £29,589.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,856 (2022 - £1,399). At the balance sheet date an amount of £1,087 (2022: £293) was due to the pension scheme.

Page 10

 
BOWYER BRYCE (SURVEYORS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

14.


Related party transactions

Key management personnel compensation in the year totalled £165,000 (2022: £247,500). 
Diviends paid to key management personnel in the year totalled £25,766 (2022: £162,044).
Information about the related party outstanding balances are outlined below:


2023
2022
£
£

Entities under common control
96,379
105,977
Key management personnel
15,185
-
111,564
105,977

 
Page 11