Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity2827truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07604987 2022-06-01 2023-05-31 07604987 2021-06-01 2022-05-31 07604987 2023-05-31 07604987 2022-05-31 07604987 c:Director4 2022-06-01 2023-05-31 07604987 d:FurnitureFittings 2022-06-01 2023-05-31 07604987 d:FurnitureFittings 2023-05-31 07604987 d:FurnitureFittings 2022-05-31 07604987 d:CurrentFinancialInstruments 2023-05-31 07604987 d:CurrentFinancialInstruments 2022-05-31 07604987 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07604987 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07604987 d:ShareCapital 2023-05-31 07604987 d:ShareCapital 2022-05-31 07604987 d:RetainedEarningsAccumulatedLosses 2023-05-31 07604987 d:RetainedEarningsAccumulatedLosses 2022-05-31 07604987 c:OrdinaryShareClass1 2022-06-01 2023-05-31 07604987 c:OrdinaryShareClass1 2023-05-31 07604987 c:OrdinaryShareClass1 2022-05-31 07604987 c:FRS102 2022-06-01 2023-05-31 07604987 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07604987 c:FullAccounts 2022-06-01 2023-05-31 07604987 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07604987
















BISHOP FLEMING PAYROLL SERVICES LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

































BISHOP FLEMING PAYROLL SERVICES LIMITED
REGISTERED NUMBER:07604987

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
454,126
394,772

Cash at bank and in hand
  
577,348
337,140

  
1,031,474
731,912

Creditors: amounts falling due within one year
 6 
(782,596)
(348,989)

Net current assets
  
 
 
248,878
 
 
382,923

Total assets less current liabilities
  
248,878
382,923

  

Net assets
  
248,878
382,923


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
248,778
382,823

  
248,878
382,923


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 by: 





A E Browne
Director

Date: 12 October 2023

The notes on pages 2 to 6 form part of these financial statements.

Page 1


BISHOP FLEMING PAYROLL SERVICES LIMITED

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

1.


GENERAL INFORMATION

Bishop Fleming Payroll Services Limited is a private company, limited by shares, incorporated in England and Wales. The company's principal activity is providing payroll services.
The company’s registered number is 07604987.

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 accounts are made up to the last day of the week nearest to the end of the financial year.

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

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
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.

Page 2


BISHOP FLEMING PAYROLL SERVICES LIMITED

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

2.ACCOUNTING POLICIES (continued)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

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:

Fixtures and equipment
-
Over the term of the lease

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

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.

 
2.6

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.
The value of unbilled turnover is included within prepayments and accrued income. At each reporting date, the value of unbilled turnover is assessed for impairment and the carrying amount is reduced to its selling price less costs to complete. The impairment loss is recognised immediately within the Statement of Income and Retained Earnings.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 28 (2022: 27).

Page 3


BISHOP FLEMING PAYROLL SERVICES LIMITED

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

4.


TANGIBLE FIXED ASSETS





Fixtures and equipment

£



COST


At 1 June 2022
12,319



At 31 May 2023

12,319



DEPRECIATION


At 1 June 2022
12,319



At 31 May 2023

12,319



NET BOOK VALUE



At 31 May 2023
-



At 31 May 2022
-

Page 4


BISHOP FLEMING PAYROLL SERVICES LIMITED

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

5.


DEBTORS

2023
2022
£
£


Trade debtors
244,784
228,261

Other debtors
7,666
-

Prepayments and accrued income
201,676
166,511

454,126
394,772



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
-
1,047

Amounts owed to group undertakings
12,242
10,841

Corporation tax
29,543
67,874

Other taxation and social security
121,930
108,579

Other creditors
564,379
98,788

Accruals and deferred income
54,502
61,860

782,596
348,989



7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



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



8.


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. Contributions totalling £5,107 (2022: £4,280) were payable to the fund at the reporting date and are
included in creditors.

Page 5


BISHOP FLEMING PAYROLL SERVICES LIMITED

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

9.


RELATED PARTY TRANSACTIONS

Bishop Fleming Investments Limited is the parent company.
The following entities are related to Bishop Fleming Investments Limited by virtue of being under
common control.
    - Bishop Fleming LLP
The following entities are related to Bishop Fleming Payroll Services Limited by virtue of being fellow subsidiaries of Bishop Fleming Investments Limited:
    - Fleming Financial Limited

2023
2022
£
£
Bishop Fleming (LLP)


 
Management, Staff and Property charges (to)/from LLP

(804,968)

(582,410)
 
Balance at year end due to/(from) LLP

559,272

94,507
 

 

 
Page 6