Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falseNo description of principal activity2022-03-0133truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13197386 2022-03-01 2023-02-28 13197386 2021-02-11 2022-02-28 13197386 2023-02-28 13197386 2022-02-28 13197386 c:Director1 2022-03-01 2023-02-28 13197386 d:OfficeEquipment 2022-03-01 2023-02-28 13197386 d:OfficeEquipment 2023-02-28 13197386 d:OfficeEquipment 2022-02-28 13197386 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 13197386 d:ComputerEquipment 2022-03-01 2023-02-28 13197386 d:ComputerEquipment 2023-02-28 13197386 d:ComputerEquipment 2022-02-28 13197386 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 13197386 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 13197386 d:Goodwill 2022-03-01 2023-02-28 13197386 d:Goodwill 2023-02-28 13197386 d:Goodwill 2022-02-28 13197386 d:CurrentFinancialInstruments 2023-02-28 13197386 d:CurrentFinancialInstruments 2022-02-28 13197386 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13197386 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13197386 d:ShareCapital 2023-02-28 13197386 d:ShareCapital 2022-02-28 13197386 d:RetainedEarningsAccumulatedLosses 2023-02-28 13197386 d:RetainedEarningsAccumulatedLosses 2022-02-28 13197386 c:OrdinaryShareClass1 2022-03-01 2023-02-28 13197386 c:OrdinaryShareClass1 2023-02-28 13197386 c:OrdinaryShareClass1 2022-02-28 13197386 c:OrdinaryShareClass2 2022-03-01 2023-02-28 13197386 c:OrdinaryShareClass2 2023-02-28 13197386 c:OrdinaryShareClass2 2022-02-28 13197386 c:FRS102 2022-03-01 2023-02-28 13197386 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13197386 c:FullAccounts 2022-03-01 2023-02-28 13197386 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13197386 d:Goodwill d:OwnedIntangibleAssets 2022-03-01 2023-02-28 13197386 e:PoundSterling 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13197386









BRINDIS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
BRINDIS LTD
REGISTERED NUMBER: 13197386

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,000
7,500

Tangible assets
 5 
358
538

  
5,358
8,038

Current assets
  

Debtors: amounts falling due within one year
 6 
2,585
3,151

Cash at bank and in hand
  
4,693
29,569

  
7,278
32,720

Creditors: amounts falling due within one year
 7 
(8,066)
(32,266)

Net current (liabilities)/assets
  
 
 
(788)
 
 
454

Total assets less current liabilities
  
4,570
8,492

Provisions for liabilities
  

Deferred tax
  
(68)
(102)

Net assets
  
4,502
8,390


Capital and reserves
  

Called up share capital 
 8 
200
200

Profit and loss account
  
4,302
8,190

  
4,502
8,390


Page 1

 
BRINDIS LTD
REGISTERED NUMBER: 13197386
    
BALANCE SHEET (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 company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 29 November 2023.




A F Copestake
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BRINDIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies

 
1.1

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 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:

 
1.2

Going concern

At the date of signing there is a degree of uncertainty about the full economic impact of COVID-19, the cost of living crisis and wider geopolitical environment. The directors continue to monitor the position closely, however they believe that the company will continue at an appropriate level of activity subject to their continued support and therefore continue to adopt the going concern basis.

 
1.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
BRINDIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies (continued)

 
1.4

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.

 
1.5

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.

Page 4

 
BRINDIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies (continued)

 
1.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.7

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.

 Amortisation is provided on the following bases:

Goodwill
-
25%
straight line

Page 5

 
BRINDIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies (continued)

 
1.8

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%
straight line
Computer equipment
-
25%
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.

 
1.9

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.


2.


General information

Brindis Ltd is a private company limited by shares and incorporated in England. Its registered office is Cromwell House, 68 West Gate, Mansfield, Nottinghamshire, NG18 1RR.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Staff
3
3

Page 6

 
BRINDIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 March 2022
10,000



At 28 February 2023

10,000



Amortisation


At 1 March 2022
2,500


Charge for the year on owned assets
2,500



At 28 February 2023

5,000



Net book value



At 28 February 2023
5,000



At 28 February 2022
7,500



Page 7

 
BRINDIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2022
294
424
718



At 28 February 2023

294
424
718



Depreciation


At 1 March 2022
74
106
180


Charge for the year on owned assets
74
106
180



At 28 February 2023

148
212
360



Net book value



At 28 February 2023
146
212
358



At 28 February 2022
220
318
538

Page 8

 
BRINDIS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,575
-

Other debtors
1,010
-

Prepayments and accrued income
-
3,151

2,585
3,151



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,691
10

Other taxation and social security
-
13,891

Other creditors
1,375
15,365

Accruals and deferred income
3,000
3,000

8,066
32,266



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100
100 (2022 - 100) A Ordinary shares of £1.00 each
100
100

200

200



9.


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 £98 (2022: £12). Contributions totalling £Nil (2022: £27) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9