Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2022-03-01No description of principal activity2739 10459510 2022-03-01 2023-02-28 10459510 2021-03-01 2022-02-28 10459510 2023-02-28 10459510 2022-02-28 10459510 c:Director1 2022-03-01 2023-02-28 10459510 d:Buildings d:LongLeaseholdAssets 2022-03-01 2023-02-28 10459510 d:Buildings d:LongLeaseholdAssets 2023-02-28 10459510 d:Buildings d:LongLeaseholdAssets 2022-02-28 10459510 d:PlantMachinery 2022-03-01 2023-02-28 10459510 d:PlantMachinery 2023-02-28 10459510 d:PlantMachinery 2022-02-28 10459510 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10459510 d:MotorVehicles 2022-03-01 2023-02-28 10459510 d:MotorVehicles 2023-02-28 10459510 d:MotorVehicles 2022-02-28 10459510 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10459510 d:ComputerEquipment 2022-03-01 2023-02-28 10459510 d:ComputerEquipment 2023-02-28 10459510 d:ComputerEquipment 2022-02-28 10459510 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10459510 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10459510 d:CurrentFinancialInstruments 2023-02-28 10459510 d:CurrentFinancialInstruments 2022-02-28 10459510 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10459510 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10459510 d:ShareCapital 2023-02-28 10459510 d:ShareCapital 2022-02-28 10459510 d:RetainedEarningsAccumulatedLosses 2023-02-28 10459510 d:RetainedEarningsAccumulatedLosses 2022-02-28 10459510 c:FRS102 2022-03-01 2023-02-28 10459510 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10459510 c:FullAccounts 2022-03-01 2023-02-28 10459510 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 10459510









BIEL BROS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
BIEL BROS LIMITED
REGISTERED NUMBER: 10459510

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
  
204,852
1,611,354

  
204,852
1,611,354

Current assets
  

Debtors Within One Year
 5 
1,427,218
920,559

Bank and cash balances
  
272,487
147,601

  
1,699,705
1,068,160

Creditors: amounts falling due within one year
 6 
(653,944)
(851,661)

Net current assets
  
 
 
1,045,761
 
 
216,499

Total assets less current liabilities
  
1,250,613
1,827,853

  

Net assets
  
1,250,613
1,827,853


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,250,513
1,827,753

  
1,250,613
1,827,853


Page 1

 
BIEL BROS LIMITED
REGISTERED NUMBER: 10459510
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 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 income and retained earnings 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 15 November 2023.




T Biel
Director

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

Page 2

 
BIEL BROS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Biel Bros Limited is a private company limited by shares incorporated in England and Wales. The principal place of business is Oakleigh Road South, New Southgate, London N11 1HJ.

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 comprises of services relating to the collection of non-hazardous waste and 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.

 
2.3

Taxation

Tax is recognised in the statement of income and retained earnings. 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.

 
2.4

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.

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:

Long-term leasehold property
-
10%
Plant and machinery
-
25%
Motor vehicles
-
10%
Computer equipment
-
33%

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.

Page 3

 
BIEL BROS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at transaction price, 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.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
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.

 
2.9

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 27 (2022 - 39).

Page 4

 
BIEL BROS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2022
359,514
1,144,081
825,905
14,593
2,344,093


Additions
-
205,450
77,000
1,582
284,032


Transfers intra group
-
(479,711)
(288,971)
(1,054)
(769,736)


Disposals
(359,514)
(152,979)
(222,000)
-
(734,493)



At 28 February 2023

-
716,841
391,934
15,121
1,123,896



Depreciation


At 1 March 2022
59,919
519,733
143,579
9,508
732,739


Charge for the year on owned assets
-
267,101
68,091
5,613
340,805


Disposals
(59,919)
(69,993)
(24,588)
-
(154,500)



At 28 February 2023

-
716,841
187,082
15,121
919,044



Net book value



At 28 February 2023
-
-
204,852
-
204,852



At 28 February 2022
299,595
624,348
682,326
5,085
1,611,354


5.


Debtors

2023
2022
£
£


Trade debtors
550,257
822,793

Amounts owed by group undertakings
761,910
-

Other debtors
58,775
70,631

Prepayments and accrued income
56,276
27,135

1,427,218
920,559


Page 5

 
BIEL BROS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
25,868
135,469

Trade creditors
424,641
400,716

Corporation tax
97,180
115,510

Other taxation and social security
20,669
90,790

Other creditors
20,768
103,176

Accruals and deferred income
64,818
6,000

653,944
851,661



7.


Related party transactions

Included in creditors at the reporting date were loans totalling £Nil (2022: £42,826) payable to related parties. These loans are not interest bearing and are repayable on demand. 
Loans to the parent company for services provided during the financial year totalled £67,174 (2022: £Nil).
Included in creditors at the reporting date were loans totalling £19,123 payable to the directors of the company (2022: £54,123 was payable to the directors).


8.


Controlling party

Biel Bros Limited became a 100% controlled subsidary of Biel Holdings Limited as of 24/01/2023.

 
Page 6