Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsetruetruetrue2022-04-01No description of principal activity00truetrue 02972167 2022-04-01 2023-03-31 02972167 2021-04-01 2022-03-31 02972167 2023-03-31 02972167 2022-03-31 02972167 c:Director1 2022-04-01 2023-03-31 02972167 d:CurrentFinancialInstruments 2023-03-31 02972167 d:CurrentFinancialInstruments 2022-03-31 02972167 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02972167 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02972167 d:ShareCapital 2023-03-31 02972167 d:ShareCapital 2022-03-31 02972167 c:FRS102 2022-04-01 2023-03-31 02972167 c:Audited 2022-04-01 2023-03-31 02972167 c:FullAccounts 2022-04-01 2023-03-31 02972167 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02972167 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02972167 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02972167










B.D.A. (INITIATIVES) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023



 
B.D.A. (INITIATIVES) LIMITED
REGISTERED NUMBER: 02972167

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
32,059
46,576

Cash at bank and in hand
 5 
258,247
492,332

  
290,306
538,908

Creditors: amounts falling due within one year
 6 
(290,304)
(538,906)

Net current assets
  
 
 
2
 
 
2

Total assets less current liabilities
  
2
2

  

Net assets
  
2
2


Capital and reserves
  

Called up share capital 
  
2
2

  
2
2


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: 




M M Catterson
Director

Date: 8 November 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
B.D.A. (INITIATIVES) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

B.D.A. (Initiatives) Limited is a private company, limited by shares, domiciled in England and Wales, registration number 02972167. The registered office is 1 Friar Street, Reading, England, RG1 1DA.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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 British Dyslexia Association as at 31 March 2023 and these financial statements may be obtained from 1 Friar Street, Reading, England, RG1 1DA.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

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.

Page 2

 
B.D.A. (INITIATIVES) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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

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.

 
2.9

Interest income

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


3.


Interest receivable

2023
2022
£
£


Other interest receivable
268
20

268
20


4.


Debtors

2023
2022
£
£


Trade debtors
27,759
42,960

Prepayments and accrued income
4,300
3,616

32,059
46,576


Page 3

 
B.D.A. (INITIATIVES) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
258,247
492,332

258,247
492,332



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,700
-

Amounts owed to group undertakings
193,480
412,320

Other taxation and social security
12,154
17,030

Accruals and deferred income
78,970
109,556

290,304
538,906



7.


Related party transactions

The  Company  has  taken  advantage  of  Section  33.1A  of  FRS  102  to  not  disclose  information  on transactions entered into between 100% owned group companies.


8.


Controlling party

The ultimate parent undertaking of the Company is the British Dyslexia Association, a company limited by guarantee, which is registered in England and owns 100% of the issued share capital of B.D.A. (Initiatives) Limited. 


9.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 20 November 2023 by Alexander Peal BSc (Hons) FCA DChA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.


Page 4