Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-31true162022-06-01falseBusiness telecoms provider and utilities broker.23trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11391191 2022-06-01 2023-05-31 11391191 2021-06-01 2022-05-31 11391191 2023-05-31 11391191 2022-05-31 11391191 c:Director3 2022-06-01 2023-05-31 11391191 c:Director4 2022-06-01 2023-05-31 11391191 d:FurnitureFittings 2022-06-01 2023-05-31 11391191 d:FurnitureFittings 2023-05-31 11391191 d:FurnitureFittings 2022-05-31 11391191 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 11391191 d:OfficeEquipment 2022-06-01 2023-05-31 11391191 d:CurrentFinancialInstruments 2023-05-31 11391191 d:CurrentFinancialInstruments 2022-05-31 11391191 d:Non-currentFinancialInstruments 2023-05-31 11391191 d:Non-currentFinancialInstruments 2022-05-31 11391191 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11391191 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11391191 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 11391191 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 11391191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 11391191 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 11391191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 11391191 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 11391191 d:ShareCapital 2023-05-31 11391191 d:ShareCapital 2022-05-31 11391191 d:SharePremium 2023-05-31 11391191 d:SharePremium 2022-05-31 11391191 d:RetainedEarningsAccumulatedLosses 2023-05-31 11391191 d:RetainedEarningsAccumulatedLosses 2022-05-31 11391191 c:OrdinaryShareClass1 2022-06-01 2023-05-31 11391191 c:OrdinaryShareClass1 2023-05-31 11391191 c:OrdinaryShareClass1 2022-05-31 11391191 c:OrdinaryShareClass2 2022-06-01 2023-05-31 11391191 c:OrdinaryShareClass2 2023-05-31 11391191 c:OrdinaryShareClass2 2022-05-31 11391191 c:FRS102 2022-06-01 2023-05-31 11391191 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11391191 c:FullAccounts 2022-06-01 2023-05-31 11391191 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11391191 2 2022-06-01 2023-05-31 11391191 6 2022-06-01 2023-05-31 11391191 e:PoundSterling 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11391191









NATIONAL BUSINESS COMMUNICATIONS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
NATIONAL BUSINESS COMMUNICATIONS LTD
REGISTERED NUMBER: 11391191

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,957
6,193

Investments
  
133,120
-

Current assets
  

Debtors: amounts falling due within one year
 6 
240,825
156,316

Cash at bank and in hand
 7 
862,819
271,920

  
1,103,644
428,236

Creditors: amounts falling due within one year
 8 
(1,152,635)
(869,724)

Net current liabilities
  
 
 
(48,991)
 
 
(441,488)

Total assets less current liabilities
  
93,086
(435,295)

Creditors: amounts falling due after more than one year
 9 
(215,883)
(470,397)

  

Net liabilities
  
(122,797)
(905,692)


Capital and reserves
  

Called up share capital 
 11 
200
200

Share premium account
  
249,984
249,984

Profit and loss account
  
(372,981)
(1,155,876)

  
(122,797)
(905,692)


Page 1

 
NATIONAL BUSINESS COMMUNICATIONS LTD
REGISTERED NUMBER: 11391191
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 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 22 April 2024.



Mr H Richards
Mrs C B Griffiths
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
NATIONAL BUSINESS COMMUNICATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. It has its registered office at 11 Tower View, Kings Hill, West Malling, Kent, England, ME19 4UY.
The company's principal activity is that of a business telecoms service provider. 

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 directors consider that the continuing sales and activity will ensure the company has adequate resources to continue its operations for the foreseeable future. The company also relies on loans from investors, directors and shareholders who will continue to support the company and ensure it is able to meet its liabilities as they fall due, for a period of not less than 12 months from the date of approval of these financial statements. The investors, directors and shareholders have agreed that the loans made to the company will not be repaid until the company is in a position to be able to do so. The directors have agreed time to pay arrangements with HMRC for liabilities owed.
These accounts have therefore been prepared on the going concern basis.

 
2.3

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.

 
2.4

Interest income

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

Page 3

 
NATIONAL BUSINESS COMMUNICATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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

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

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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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 4

 
NATIONAL BUSINESS COMMUNICATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2022 - 23).

Page 5

 
NATIONAL BUSINESS COMMUNICATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2022
229,366


Additions
5,479



At 31 May 2023

234,845



Depreciation


At 1 June 2022
223,173


Charge for the year on owned assets
2,715



At 31 May 2023

225,888



Net book value



At 31 May 2023
8,957



At 31 May 2022
6,193


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
133,120



At 31 May 2023
133,120




Page 6

 
NATIONAL BUSINESS COMMUNICATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
33,454
454

Amounts owed by group undertakings
42,627
-

Other debtors
139,800
75,220

Prepayments and accrued income
24,944
80,642

240,825
156,316



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
862,819
271,920

862,819
271,920



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
32,099
32,100

Trade creditors
465,404
450,764

Other taxation and social security
294,435
278,977

Other creditors
139,028
3,689

Accruals and deferred income
221,669
104,194

1,152,635
869,724



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
63,348
96,262

Other creditors
152,535
374,135

215,883
470,397


Page 7

 
NATIONAL BUSINESS COMMUNICATIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
32,099
32,100

Amounts falling due 1-2 years

Bank loans
60,033
32,100

Amounts falling due 2-5 years

Bank loans
3,315
64,162


95,447
128,362



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) A Ordinary shares of £1 each
100
100
100 (2022 - 100) B Ordinary shares of £1 each
100
100

200

200



12.


Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £20,790 (2022: £19,944). Pension contributions totalling £15,028 (2022: £3,689) were outstanding at the year end and included in other creditors. 

 
Page 8