Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312true2022-09-01falsefilm production2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09191032 2022-09-01 2023-08-31 09191032 2021-09-01 2022-08-31 09191032 2023-08-31 09191032 2022-08-31 09191032 c:Director1 2022-09-01 2023-08-31 09191032 d:PlantMachinery 2022-09-01 2023-08-31 09191032 d:PlantMachinery 2023-08-31 09191032 d:PlantMachinery 2022-08-31 09191032 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09191032 d:MotorVehicles 2022-09-01 2023-08-31 09191032 d:MotorVehicles 2023-08-31 09191032 d:MotorVehicles 2022-08-31 09191032 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09191032 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09191032 d:CurrentFinancialInstruments 2023-08-31 09191032 d:CurrentFinancialInstruments 2022-08-31 09191032 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09191032 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 09191032 d:ShareCapital 2023-08-31 09191032 d:ShareCapital 2022-08-31 09191032 d:RetainedEarningsAccumulatedLosses 2023-08-31 09191032 d:RetainedEarningsAccumulatedLosses 2022-08-31 09191032 c:OrdinaryShareClass1 2022-09-01 2023-08-31 09191032 c:OrdinaryShareClass1 2023-08-31 09191032 c:FRS102 2022-09-01 2023-08-31 09191032 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09191032 c:FullAccounts 2022-09-01 2023-08-31 09191032 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09191032 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 09191032 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 09191032 6 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09191032














BOUNDER & CAD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

 
BOUNDER & CAD LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
BOUNDER & CAD LIMITED
REGISTERED NUMBER:09191032

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
30,174
39,878

Investments
 5 
229,235
115,000

  
259,409
154,878

Current assets
  

Debtors: amounts falling due within one year
 6 
110,271
142,252

Cash at bank and in hand
  
549,831
722,936

  
660,102
865,188

Creditors: amounts falling due within one year
 7 
(105,863)
(86,670)

Net current assets
  
 
 
554,239
 
 
778,518

Total assets less current liabilities
  
813,648
933,396

Provisions for liabilities
  

Deferred tax
 8 
(5,733)
(7,577)

Net assets
  
807,915
925,819


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
807,914
925,818

  
807,915
925,819


Page 1

 
BOUNDER & CAD LIMITED
REGISTERED NUMBER:09191032
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 by: 




A Elliott
Director

Date: 26 January 2024

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

Page 2

 
BOUNDER & CAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Bounder & Cad Limited is a limited liability company registered in England and Wales. It's principal place of business and registered office address is at 207 Regent Street 3rd Floor, London, W1B 3HH.
The principal activity of the company continued to be that of film production.
The company's functional and presentational currency is £ Sterling.

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

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

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:

Plant and machinery
-
25% reducing balance method
Motor vehicles
-
25% reducing balance method

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.

Page 3

 
BOUNDER & CAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by deposits with financial institutions repayable without penalty.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
BOUNDER & CAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

2023
2022
£
£

Wages and salaries
9,096
8,840

Social security costs
342
154

Cost of defined contribution scheme
60,000
40,000

69,438
48,994


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
BOUNDER & CAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 September 2022
9,797
109,586
119,383


Additions
317
-
317



At 31 August 2023

10,114
109,586
119,700



Depreciation


At 1 September 2022
4,592
74,913
79,505


Charge for the year on owned assets
1,353
8,668
10,021



At 31 August 2023

5,945
83,581
89,526



Net book value



At 31 August 2023
4,169
26,005
30,174



At 31 August 2022
5,205
34,673
39,878


5.


Fixed asset investments





Unlisted investments

£



Valuation


At 1 September 2022
115,000


Additions
287,428


Disposals
(177,685)


Revaluations
4,492



At 31 August 2023
229,235




Page 6

 
BOUNDER & CAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Debtors

2023
2022
£
£


Trade debtors
18,623
8,452

Other debtors
89,850
133,050

Prepayments and accrued income
1,798
750

110,271
142,252



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
12,416
302

Taxation and social security
80,108
81,993

Other creditors
9,839
1,375

Accruals and deferred income
3,500
3,000

105,863
86,670



8.


Deferred taxation




2023


£






At beginning of year
(7,577)


Charged to profit or loss
1,844



At end of year
(5,733)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,733)
(7,577)

Page 7

 
BOUNDER & CAD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



10.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administrated funds. The pension cost charge represents contributions paid by the company to the fund and amounted to £60,000 (2022 - £40,000).

 
Page 8