Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC425814 2022-05-01 2023-04-30 OC425814 2021-05-01 2022-04-30 OC425814 2023-04-30 OC425814 2022-04-30 OC425814 c:MotorVehicles 2022-05-01 2023-04-30 OC425814 c:MotorVehicles 2023-04-30 OC425814 c:MotorVehicles 2022-04-30 OC425814 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 OC425814 c:FurnitureFittings 2022-05-01 2023-04-30 OC425814 c:FurnitureFittings 2023-04-30 OC425814 c:FurnitureFittings 2022-04-30 OC425814 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 OC425814 c:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 OC425814 c:CurrentFinancialInstruments 2023-04-30 OC425814 c:CurrentFinancialInstruments 2022-04-30 OC425814 c:CurrentFinancialInstruments 2 2023-04-30 OC425814 c:CurrentFinancialInstruments 2 2022-04-30 OC425814 c:Non-currentFinancialInstruments 2023-04-30 OC425814 c:Non-currentFinancialInstruments 2022-04-30 OC425814 c:CurrentFinancialInstruments c:WithinOneYear 2023-04-30 OC425814 c:CurrentFinancialInstruments c:WithinOneYear 2022-04-30 OC425814 c:Non-currentFinancialInstruments c:AfterOneYear 2023-04-30 OC425814 c:Non-currentFinancialInstruments c:AfterOneYear 2022-04-30 OC425814 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-04-30 OC425814 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-04-30 OC425814 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-04-30 OC425814 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-04-30 OC425814 e:FRS102 2022-05-01 2023-04-30 OC425814 e:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 OC425814 e:FullAccounts 2022-05-01 2023-04-30 OC425814 e:LimitedLiabilityPartnershipLLP 2022-05-01 2023-04-30 OC425814 2 2022-05-01 2023-04-30 OC425814 e:PartnerLLP1 2022-05-01 2023-04-30 OC425814 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-04-30 OC425814 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-04-30 iso4217:GBP xbrli:pure

Registered number: OC425814









BOWYER BRYCE LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
BOWYER BRYCE LLP
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
BOWYER BRYCE LLP
REGISTERED NUMBER: OC425814

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
32,455
337

  
32,455
337

Current assets
  

Debtors: amounts falling due within one year
 5 
125,371
190,573

Cash at bank and in hand
  
139,336
63,572

  
264,707
254,145

Creditors: Amounts Falling Due Within One Year
 6 
(178,729)
(128,949)

Net current assets
  
 
 
85,978
 
 
125,196

Total assets less current liabilities
  
118,433
125,533

Creditors: amounts falling due after more than one year
 7 
(18,342)
(25,442)

  
100,091
100,091

  

Net assets
  
100,091
100,091


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
100,091
100,091

  
 
100,091
 
100,091

  
100,091
100,091


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(96,124)
(96,124)

Members' other interests
  
100,091
100,091

  
3,967
3,967


Page 1

 
BOWYER BRYCE LLP
REGISTERED NUMBER: OC425814
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 13 October 2023.




S Murray
Designated member

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

Bowyer Bryce LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
BOWYER BRYCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Bowyer Bryce LLP is a limited liability partnership, registered in England and Wales, United Kingdom,
with a registration number OC425814. The address of the registered office is 96, Silver Street, Enfield Middlesex, EN1 3TW. 

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 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

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 LLP 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 LLP 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

Interest income

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

 
2.4

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.

Page 3

 
BOWYER BRYCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

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
Fixtures and fittings
-
15%
Reducing balance

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.

 
2.6

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.

 
2.7

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.

 
2.8

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 3 (2022 - 3).

Page 4

 
BOWYER BRYCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2022
-
5,484
5,484


Additions
32,169
-
32,169



At 30 April 2023

32,169
5,484
37,653



Depreciation


At 1 May 2022
-
5,147
5,147


Charge for the year on owned assets
-
51
51



At 30 April 2023

-
5,198
5,198



Net book value



At 30 April 2023
32,169
286
32,455



At 30 April 2022
-
337
337


5.


Debtors

2023
2022
£
£


Trade debtors
1,884
2,131

Other debtors
10,174
21,398

Prepayments and accrued income
17,188
17,290

Amounts due from members
96,124
149,752

125,370
190,571


Page 5

 
BOWYER BRYCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
7,100
7,100

Trade creditors
64,800
3,024

Other creditors
96,379
105,980

Accruals and deferred income
10,450
12,845

178,729
128,949



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,342
25,442

18,342
25,442


Page 6

 
BOWYER BRYCE LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
7,100
7,100


7,100
7,100

Amounts falling due 1-2 years

Bank loans
18,342
-


18,342
-

Amounts falling due 2-5 years

Bank loans
-
25,442


-
25,442


25,442
32,542



9.


Loans and other debts due to members





Loans and other debts due to members may be further analysed as follows:




Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

Page 7

 
BOWYER BRYCE LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30 APRIL 2023







EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Members' capital (classified as equity)
Other reserves
Total
Other amounts
Total
Total

£
£
£
£
£
£

Amounts due to members 
22,575
22,575


Balance at 1 May 2021 
100,091
-
100,091
22,575
22,575
122,666

Profit for the year available for discretionary division among members
 
-
39,720
39,720
-
-
39,720

Members' interests after profit for the year
100,091
39,720
139,811
22,575
22,575
162,386

Other division of profits
-
(39,720)
(39,720)
39,720
39,720
-

Drawings on account and distribution of profit
-
-
-
(212,048)
(212,048)
(212,048)

Amounts due from members
 



(149,752)
(149,752)


Balance at 30 April 2022
100,091
-
100,091
(149,752)
(149,752)
(49,661)

Members' remuneration charged as an expense
-
-
-
8,635
8,635
8,635

Profit for the year available for discretionary division among members
 
-
44,993
44,993
-
-
44,993

Members' interests after profit for the year
100,091
44,993
145,084
(141,117)
(141,117)
3,967

Other division of profits
-
(44,993)
(44,993)
44,993
44,993
-

Amounts due from members
 



(96,124)
(96,124)


Balance at 30 April 2023 
100,091
-
100,091
(96,124)
(96,124)
3,967

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

 
Page 8