Caseware UK (AP4) 2022.0.179 2022.0.179 No description of principal activitytrue2022-04-01false3136trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09472965 2022-04-01 2023-03-31 09472965 2021-04-01 2022-03-31 09472965 2023-03-31 09472965 2022-03-31 09472965 c:Director1 2022-04-01 2023-03-31 09472965 d:OfficeEquipment 2022-04-01 2023-03-31 09472965 d:OfficeEquipment 2023-03-31 09472965 d:OfficeEquipment 2022-03-31 09472965 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09472965 d:ComputerEquipment 2022-04-01 2023-03-31 09472965 d:ComputerEquipment 2023-03-31 09472965 d:ComputerEquipment 2022-03-31 09472965 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09472965 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09472965 d:CurrentFinancialInstruments 2023-03-31 09472965 d:CurrentFinancialInstruments 2022-03-31 09472965 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09472965 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09472965 d:ShareCapital 2023-03-31 09472965 d:ShareCapital 2022-03-31 09472965 d:RetainedEarningsAccumulatedLosses 2023-03-31 09472965 d:RetainedEarningsAccumulatedLosses 2022-03-31 09472965 c:FRS102 2022-04-01 2023-03-31 09472965 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09472965 c:FullAccounts 2022-04-01 2023-03-31 09472965 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09472965 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09472965










Bridgewater Care Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2023

 
Bridgewater Care Ltd
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Bridgewater Care Ltd for the year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bridgewater Care Ltd for the year ended 31 March 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Bridgewater Care Ltd in accordance with the terms of our engagement letter dated 8 February 2019Our work has been undertaken solely to prepare for your approval the financial statements of Bridgewater Care Ltd  and state those matters that we have agreed to state to the director of Bridgewater Care Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bridgewater Care Ltd and its director for our work or for this report. 

It is your duty to ensure that Bridgewater Care Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bridgewater Care Ltd. You consider that Bridgewater Care Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Bridgewater Care Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
10 August 2023
Page 1

 
Bridgewater Care Ltd
Registered number: 09472965

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
924
2,064

  
924
2,064

Current assets
  

Debtors: amounts falling due within one year
 5 
108,152
124,746

Cash at bank and in hand
  
617,853
478,255

  
726,005
603,001

Creditors: amounts falling due within one year
 6 
(71,253)
(101,298)

Net current assets
  
 
 
654,752
 
 
501,703

Total assets less current liabilities
  
655,676
503,767

  

Net assets
  
655,676
503,767


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
655,675
503,766

  
655,676
503,767


Page 2

 
Bridgewater Care Ltd
Registered number: 09472965

Balance sheet (continued)
As at 31 March 2023

The director considers 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 director acknowledges his 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 by: 



S Rutter
Director

Date: 9 August 2023

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
Bridgewater Care Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

1.


General information

The Company is a private company limited by share capital, incorporated in England and Wales.
The registered office address is:
Dell Quay Yacht Marina
Dell Quay Road
Chichester
West Sussex
PO20 7EE 

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

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 income and retained earnings in the same period as the related expenditure.

Page 4

 
Bridgewater Care Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.5

Interest income

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

 
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

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:

Office equipment
-
25%
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.

 
2.9

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 5

 
Bridgewater Care Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

 
2.13

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 31 (2022 - 36).

Page 6

 
Bridgewater Care Ltd
 

 
Notes to the financial statements
For the year ended 31 March 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
1,974
5,589
7,563


Additions
-
270
270


Disposals
-
(424)
(424)



At 31 March 2023

1,974
5,435
7,409



Depreciation


At 1 April 2022
1,130
4,369
5,499


Charge for the year on owned assets
495
748
1,243


Disposals
-
(257)
(257)



At 31 March 2023

1,625
4,860
6,485



Net book value



At 31 March 2023
349
575
924



At 31 March 2022
844
1,220
2,064


5.


Debtors

2023
2022
£
£


Trade debtors
93,406
117,560

Other debtors
9,838
3,000

Prepayments and accrued income
4,908
4,186

108,152
124,746



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
45,594
51,721

Other taxation and social security
6,025
-

Other creditors
13,627
46,008

Accruals and deferred income
6,007
3,569

71,253
101,298


Page 7

 
Bridgewater Care Ltd
 

Page 8