Caseware UK (AP4) 2022.0.179 2022.0.179 false2022-04-01No description of principal activity2929truetrue 01678839 2022-04-01 2023-03-31 01678839 2021-04-01 2022-03-31 01678839 2023-03-31 01678839 2022-03-31 01678839 c:Director3 2022-04-01 2023-03-31 01678839 d:Buildings 2023-03-31 01678839 d:Buildings 2022-03-31 01678839 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01678839 d:PlantMachinery 2022-04-01 2023-03-31 01678839 d:PlantMachinery 2023-03-31 01678839 d:PlantMachinery 2022-03-31 01678839 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01678839 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01678839 d:CurrentFinancialInstruments 2023-03-31 01678839 d:CurrentFinancialInstruments 2022-03-31 01678839 d:Non-currentFinancialInstruments 2023-03-31 01678839 d:Non-currentFinancialInstruments 2022-03-31 01678839 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01678839 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01678839 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01678839 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 01678839 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 01678839 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 01678839 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 01678839 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 01678839 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01678839 d:RetainedEarningsAccumulatedLosses 2023-03-31 01678839 d:RetainedEarningsAccumulatedLosses 2022-03-31 01678839 c:FRS102 2022-04-01 2023-03-31 01678839 c:Audited 2022-04-01 2023-03-31 01678839 c:FullAccounts 2022-04-01 2023-03-31 01678839 c:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 01678839 d:WithinOneYear 2023-03-31 01678839 d:WithinOneYear 2022-03-31 01678839 d:BetweenOneFiveYears 2023-03-31 01678839 d:BetweenOneFiveYears 2022-03-31 01678839 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01678839 2 2022-04-01 2023-03-31 01678839 4 2022-04-01 2023-03-31 01678839 6 2022-04-01 2023-03-31 01678839 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 01678839










NBV ENTERPRISE SOLUTIONS LIMITED
(A company limited by guarantee)










Financial statements

Information for filing with the registrar

for the year ended 31 March 2023

 
NBV ENTERPRISE SOLUTIONS LIMITED
 
(A company limited by guarantee)
Registered number: 01678839

Balance sheet
as at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,010,549
1,015,938

Investments
 5 
3
3

  
1,010,552
1,015,941

Current assets
  

Debtors: amounts falling due within one year
 6 
214,725
602,729

Cash at bank and in hand
  
196
7,476

  
214,921
610,205

Creditors: amounts falling due within one year
 7 
(469,725)
(530,991)

Net current (liabilities)/assets
  
 
 
(254,804)
 
 
79,214

Total assets less current liabilities
  
755,748
1,095,155

Creditors: amounts falling due after more than one year
 8 
(824,242)
(975,899)

  

Net (liabilities)/assets
  
(68,494)
119,256


Capital and reserves
  

Profit and loss account
 10 
(68,494)
119,256

  
(68,494)
119,256


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: 




................................................
L M Connellan
Director

Date: 2 February 2024

The notes on pages 3 to 11 form part of these financial statements.
Page 1

 
NBV ENTERPRISE SOLUTIONS LIMITED
 
(A company limited by guarantee)
Registered number: 01678839

Balance sheet (continued)
as at 31 March 2023


Page 2

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

1.


General information

NBV Enterprise Solutions Limited is a private company limited by guarantee and incorporated in the United Kingdom. The address of the registered office is given in the company information of these financial statements. The Company's registration number is 01678839. NBV Enterprise Solutions Limited and its 100% subsidiary are owned and managed as an informal 'Group' (the Quasi-Group) with Norfolk and Waveney Enterprise Services (company registration number 01633258) and its 100% subsidiary NWES Property Services Limited (company registration number 05361073). The two parent companies in the Quasi-Group are both Limited by Guarantee and share the same Members. The Board of directors for all four companies in the Quasi-Group is identical.

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 financial statements are presented in Sterling which is the functional currency of the company
and have been rounded to the nearest £1.
Although the Company is a parent undertaking, it is exempt under the Companies Act 2006 from
preparing group financial statements as the group is defined as small.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have paid due regard to relevant financial information, including cash flows, and factored in sensitivities and uncertainties. They have received a written undertaking from a fellow Quasi-Group member company that it will provide adequate support to enable NBV Enterprise Solutions Limited to meet its liabilities as they fall due for a minimum of twelve months from the date of signing these financial statements. In the Directors’ opinion, the Company is a going concern for a minimum of twelve months from the date of the approval of the financial statements.

Page 3

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

2.Accounting policies (continued)

 
2.3

Revenue

Incoming resources from the organisation's activities include grants for the specific provision of goods and services to be provided as part of the organisation's activities to its beneficiaries. Upon invoicing, these resources are held as deferred income until the income has been earned. Income is earned as follows:
1. Where measurable stages of work have been completed, income is recognised to the value    of work completed.
2.  Where measurable outputs are specified as a condition of the grant, income is recognised on
  the basis of the proportion of outputs completed compared to the total outputs to be      delivered.
3.  Where outputs are specified as a condition of the grant but are not readily measurable,     income is recognised on the basis of the staff time needed to deliver outputs. Here income is   recognised on the basis of the proportion of staff time incurred to date compared to the total    staff time necessary to deliver the outputs.
4.  Where the right to income does not arise until the occurrence of a critical event, income is     not recognised until that event occurs.
5.  Where the grant allows the organisation to make a surplus, the surplus is recognised in line    with the proportion of the project that is completed.

 
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:

Office and computer equipment
-
Straight line over 5 years

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.

 
2.5

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 4

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 comprehensive income in the same period as the related expenditure.

 
2.8

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.

 
2.9

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.

 
2.10

Interest income

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

 
2.11

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.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

2.Accounting policies (continued)

 
2.13

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.

 
2.14

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.15

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.16

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2022 - 29).

Page 6

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

4.


Tangible fixed assets





Freehold property
Office and computer equipment
Total

£
£
£



Cost 


At 1 April 2022
1,248,107
239,488
1,487,595



At 31 March 2023

1,248,107
239,488
1,487,595



Depreciation


At 1 April 2022
248,107
223,550
471,657


Charge for the year on owned assets
-
5,389
5,389



At 31 March 2023

248,107
228,939
477,046



Net book value



At 31 March 2023
1,000,000
10,549
1,010,549



At 31 March 2022
1,000,000
15,938
1,015,938

Page 7

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 April 2022
3



At 31 March 2023
3






Net book value



At 31 March 2023
3



At 31 March 2022
3


6.


Debtors

2023
2022
£
£


Trade debtors
9,118
4,406

Amounts owed by group undertakings
-
20,412

Other debtors
11,308
111,594

Prepayments and accrued income
194,299
466,317

214,725
602,729


Page 8

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
88,692
95,540

Bank loans
14,898
20,000

Trade creditors
14,831
22,241

Other taxation and social security
21,591
38,117

Other creditors
269,467
135,481

Accruals and deferred income
60,246
219,612

469,725
530,991


Details of security provided:
The facilities provided by HSBC Bank Plc are secured by a legal charge dated 29 November 2012 over the freehold property and secured by a debenture dated 12 November 2012 over the remaining assets of the Company both present and future.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
456,846
467,685

Other creditors
-
121,872

Accruals and deferred income
367,396
386,342

824,242
975,899



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
14,898
20,000


Amounts falling due 2-5 years

Bank loans
72,546
80,000

Amounts falling due after more than 5 years

Bank loans
384,300
387,685

471,744
487,685


Page 9

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

10.


Reserves

Profit and loss account

This reserve includes all current and prior period retained profits and losses.



11.


Company status

The Company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.


12.


Pension commitments

The Company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the Company to the scheme and amounted to £17,871 (2022: £15,885). 
Contributions totalling £2,432 (2022: £3,297) were payable to the scheme at the end of the year and are included in other creditors


13.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
2,378
5,419

Later than 1 year and not later than 5 years
-
2,378

2,378
7,797

Page 10

 
NBV ENTERPRISE SOLUTIONS LIMITED

(A company limited by guarantee)
 

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

14.


Related party transactions

During the year, NBV Enterprise Solutions Limited had a number of related party transactions with its subsidiary. However, as all transactions were immaterial and/or conducted under normal market conditions, NBV Enterprise Solutions Limited has decided not to disclose the related party transactions, in accordance with FRS 102 Section 1A Small Entities.
Included within other debtors is an amount of £44,383 (2022: £48,237) due from a company with directors in common. No interest is accruing on the amount due from the company. Of this amount £44,383 (2022: £44,383) has been provided against at the year-end.
Included within other debtors is an amount of £10,788 (2022: £82,925) in the form of an interest free loan owed from a company in which the directors have significant influence or control and is a fellow Quasi-Group member. There were recharges of £48,077 (2022: £52,007) in income and £13,634 (2022: £27,593) in expenditure in the year.
Included within other debtors is an amount of £135,000 (2022: £135,000) in the form of an interest free loan owed from a company with directors in common. Of this amount, £135,000 (2022: £135,000) has been provided against at the year-end.
Included within prepayments is an amount of £4,828 (2022: £4,194) in the form of prepaid insurance recharges and within other creditors is an amount of £127,882 (2022: £Nil) in the form of an interest free loan owed to a company in which the directors have significant influence or control and is a fellow Quasi-Group member. There were recharges of £112,050 (2022: £68,045) in income and £10,952 (2022: £10,066) in expenditure in the year. Recharges for insurance costs amounted to £6,389 (2022: £5,872).
Included within trade debtors is an amount of £Nil (2022: £22) owed from a company with a director in common. There were sales of £183 (2022: £157) to this company in the year.
There were sales of £10,000 (2022: £Nil) to a company with a director in common in the year.
There were purchases of £3,145 (2022: £Nil) for consultancy services from a company with a director in common in the year.


15.


Auditors' information

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

The audit report was signed on 8 February 2024 by Sarah Flear (Senior statutory auditor) on behalf of PKF Smith Cooper Audit Limited.


Page 11