BKB Accountants Ltd 04987130 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is accountants. Digita Accounts Production Advanced 6.30.9574.0 true 04987130 2022-05-01 2023-04-30 04987130 2023-04-30 04987130 bus:OrdinaryShareClass1 2023-04-30 04987130 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-04-30 04987130 core:CurrentFinancialInstruments 2023-04-30 04987130 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04987130 core:Non-currentFinancialInstruments 2023-04-30 04987130 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 04987130 core:BetweenTwoFiveYears 2023-04-30 04987130 core:WithinOneYear 2023-04-30 04987130 core:FurnitureFittingsToolsEquipment 2023-04-30 04987130 core:LandBuildings 2023-04-30 04987130 core:MotorVehicles 2023-04-30 04987130 bus:SmallEntities 2022-05-01 2023-04-30 04987130 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 04987130 bus:FullAccounts 2022-05-01 2023-04-30 04987130 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 04987130 bus:RegisteredOffice 2022-05-01 2023-04-30 04987130 bus:Director1 2022-05-01 2023-04-30 04987130 bus:Director2 2022-05-01 2023-04-30 04987130 bus:Director3 2022-05-01 2023-04-30 04987130 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 04987130 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04987130 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 04987130 core:LandBuildings 2022-05-01 2023-04-30 04987130 core:MotorVehicles 2022-05-01 2023-04-30 04987130 countries:England 2022-05-01 2023-04-30 04987130 2022-04-30 04987130 core:FurnitureFittingsToolsEquipment 2022-04-30 04987130 core:LandBuildings 2022-04-30 04987130 core:MotorVehicles 2022-04-30 04987130 2021-05-01 2022-04-30 04987130 2022-04-30 04987130 bus:OrdinaryShareClass1 2022-04-30 04987130 core:CurrentFinancialInstruments 2022-04-30 04987130 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 04987130 core:Non-currentFinancialInstruments 2022-04-30 04987130 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 04987130 core:BetweenTwoFiveYears 2022-04-30 04987130 core:WithinOneYear 2022-04-30 04987130 core:FurnitureFittingsToolsEquipment 2022-04-30 04987130 core:LandBuildings 2022-04-30 04987130 core:MotorVehicles 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04987130

BKB Accountants Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

BKB Accountants Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

BKB Accountants Ltd

Company Information

Directors

Mr Alistair Luke Wallace

Mr Luke Patrick Piper

Mrs Louise Ann Wallace

Registered office

3 Vista Place
Coy Pond Business Park
Ingworth Road
Poole
Dorset
BH12 1JY

 

BKB Accountants Ltd

(Registration number: 04987130)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

99,878

123,191

Other financial assets

5

779

779

 

100,657

123,970

Current assets

 

Debtors

6

704,218

556,845

Cash at bank and in hand

 

93,284

103,802

 

797,502

660,647

Creditors: Amounts falling due within one year

7

(241,199)

(227,220)

Net current assets

 

556,303

433,427

Total assets less current liabilities

 

656,960

557,397

Creditors: Amounts falling due after more than one year

7

(59,108)

(86,364)

Provisions for liabilities

(27,820)

-

Net assets

 

570,032

471,033

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

569,932

470,933

Shareholders' funds

 

570,032

471,033

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 January 2024 and signed on its behalf by:
 

 

BKB Accountants Ltd

(Registration number: 04987130)
Balance Sheet as at 30 April 2023

.........................................
Mr Luke Patrick Piper
Director

 

BKB Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Vista Place
Coy Pond Business Park
Ingworth Road
Poole
Dorset
BH12 1JY

These financial statements were authorised for issue by the Board on 18 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

BKB Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, tools and equipment

25% reducing balance

Motor Vehicles

25% reducing balance

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

BKB Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2022 - 25).

 

BKB Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

11,912

58,970

102,365

173,247

Additions

-

7,160

-

7,160

Disposals

-

-

(9,065)

(9,065)

At 30 April 2023

11,912

66,130

93,300

171,342

Depreciation

At 1 May 2022

-

39,255

10,801

50,056

Charge for the year

-

5,968

22,354

28,322

Eliminated on disposal

-

-

(6,914)

(6,914)

At 30 April 2023

-

45,223

26,241

71,464

Carrying amount

At 30 April 2023

11,912

20,907

67,059

99,878

At 30 April 2022

11,912

19,715

91,564

123,191

Included within the net book value of land and buildings above is £11,912 (2022 - £11,912) in respect of freehold land and buildings.
 

 

BKB Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2022

779

779

At 30 April 2023

779

779

Impairment

Carrying amount

At 30 April 2023

779

779

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

325,128

257,771

Amounts owed by group undertakings and undertakings in which the company has a participating interest

48,372

29,428

Prepayments

 

13,233

20,768

Other debtors

 

317,485

248,878

 

704,218

556,845

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

27,273

27,273

Trade creditors

 

8,387

11,440

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,831

-

Taxation and social security

 

171,952

139,058

Accruals and deferred income

 

6,399

15,695

Other creditors

 

24,357

33,754

 

241,199

227,220

 

BKB Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

59,108

86,364

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

59,108

86,364

2023
£

2022
£

Current loans and borrowings

Bank borrowings

27,273

27,273

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

60,186

39,733

Later than one year and not later than five years

195,493

-

255,679

39,733

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

 

BKB Accountants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

The total amount of financial commitments not included in the balance sheet is £255,679 (2022 - £39,733).

11 Parent Company

The company is a wholly owned subsidiary of BKB Holdings Ltd, a company incorporated in England, who owns 100% of the share capital