Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-3032022-10-01falsespecialised design3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09167096 2022-10-01 2023-09-30 09167096 2021-10-01 2022-09-30 09167096 2023-09-30 09167096 2022-09-30 09167096 c:Director1 2022-10-01 2023-09-30 09167096 d:OfficeEquipment 2022-10-01 2023-09-30 09167096 d:OfficeEquipment 2023-09-30 09167096 d:OfficeEquipment 2022-09-30 09167096 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 09167096 d:CurrentFinancialInstruments 2023-09-30 09167096 d:CurrentFinancialInstruments 2022-09-30 09167096 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09167096 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 09167096 d:ShareCapital 2023-09-30 09167096 d:ShareCapital 2022-09-30 09167096 d:RetainedEarningsAccumulatedLosses 2023-09-30 09167096 d:RetainedEarningsAccumulatedLosses 2022-09-30 09167096 c:OrdinaryShareClass1 2022-10-01 2023-09-30 09167096 c:OrdinaryShareClass1 2023-09-30 09167096 c:OrdinaryShareClass1 2022-09-30 09167096 c:FRS102 2022-10-01 2023-09-30 09167096 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 09167096 c:FullAccounts 2022-10-01 2023-09-30 09167096 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09167096 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-10-01 2023-09-30 09167096 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 09167096 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-09-30 09167096 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09167096










BULBROOK ASSOCIATES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
BULBROOK ASSOCIATES LTD
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 7


 
BULBROOK ASSOCIATES LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BULBROOK ASSOCIATES LTD
FOR THE YEAR ENDED 30 SEPTEMBER 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 Bulbrook Associates Ltd for the year ended 30 September 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 Board of Directors of Bulbrook Associates Ltd, as a body, in accordance with the terms of our engagement letter dated 21 April 2020Our work has been undertaken solely to prepare for your approval the financial statements of Bulbrook Associates Ltd  and state those matters that we have agreed to state to the Board of Directors of Bulbrook Associates Ltd, as a body, 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 Bulbrook Associates Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Bulbrook Associates 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 loss of Bulbrook Associates Ltd. You consider that Bulbrook Associates 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 Bulbrook Associates 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.

  



M+A Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
4 March 2024
Page 1

 
BULBROOK ASSOCIATES LTD
REGISTERED NUMBER: 09167096

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,638
2,039

  
1,638
2,039

Current assets
  

Debtors: amounts falling due within one year
 5 
82
627

Cash at bank and in hand
  
203
4,077

  
285
4,704

Creditors: amounts falling due within one year
 6 
(12,651)
(13,442)

Net current liabilities
  
 
 
(12,366)
 
 
(8,738)

Total assets less current liabilities
  
(10,728)
(6,699)

Provisions for liabilities
  

Deferred tax
  
-
(387)

  
 
 
-
 
 
(387)

Net liabilities
  
(10,728)
(7,086)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(10,828)
(7,186)

  
(10,728)
(7,086)


Page 2

 
BULBROOK ASSOCIATES LTD
REGISTERED NUMBER: 09167096
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 4 March 2024.




Mr G L Bulbrook
Director

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

Page 3

 
BULBROOK ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The company is a private company incorporated in the United Kingdom and limited by shares. It is incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, England, NR1 4DJ. The principle place of trade is Billingford, East Dereham.
The company's principle activity is that of Specialised Design Activities.

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

Going concern

The financial statements have been prepared on the going concern basis notwithstanding the net total liabilities at the balance sheet date. The directors perceive that the company is a going concern as they are committed to continuing to support the company through the next 12 months.

 
2.3

Turnover

Turnover 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. 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 revenue 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 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.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax.
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
BULBROOK ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
15%

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.

 
2.6

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

 
2.7

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.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 5

 
BULBROOK ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2022
3,873


Additions
94


Disposals
(302)



At 30 September 2023

3,665



Depreciation


At 1 October 2022
1,835


Charge for the year on owned assets
289


Disposals
(97)



At 30 September 2023

2,027



Net book value



At 30 September 2023
1,638



At 30 September 2022
2,039


5.


Debtors

2023
2022
£
£


Other debtors
82
627

82
627


Page 6

 
BULBROOK ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
745

Other creditors
10,806
11,362

Accruals and deferred income
1,845
1,335

12,651
13,442



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



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



8.


Related party transactions

As at 30 September 2023, the company owed £10,806 (2022 - £11,362) to the directors. This loan is included in other creditors due within one year in note 6 to the financial statements and is repayable on demand. No interest has been charged on the loan.

 
Page 7