Caseware UK (AP4) 2021.0.152 2021.0.152 2023-07-312023-07-312022-08-01falseNo description of principal activity21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06327946 2022-08-01 2023-07-31 06327946 2021-08-01 2022-07-31 06327946 2023-07-31 06327946 2022-07-31 06327946 c:Director1 2022-08-01 2023-07-31 06327946 d:PlantMachinery 2022-08-01 2023-07-31 06327946 d:PlantMachinery 2023-07-31 06327946 d:PlantMachinery 2022-07-31 06327946 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06327946 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06327946 d:MotorVehicles 2022-08-01 2023-07-31 06327946 d:MotorVehicles 2023-07-31 06327946 d:MotorVehicles 2022-07-31 06327946 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06327946 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06327946 d:OfficeEquipment 2022-08-01 2023-07-31 06327946 d:OfficeEquipment 2023-07-31 06327946 d:OfficeEquipment 2022-07-31 06327946 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06327946 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06327946 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 06327946 d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 06327946 d:CurrentFinancialInstruments 2023-07-31 06327946 d:CurrentFinancialInstruments 2022-07-31 06327946 d:Non-currentFinancialInstruments 2023-07-31 06327946 d:Non-currentFinancialInstruments 2022-07-31 06327946 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06327946 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 06327946 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 06327946 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 06327946 c:FRS102 2022-08-01 2023-07-31 06327946 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06327946 c:FullAccounts 2022-08-01 2023-07-31 06327946 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06327946 d:WithinOneYear 2023-07-31 06327946 d:WithinOneYear 2022-07-31 06327946 d:BetweenOneFiveYears 2023-07-31 06327946 d:BetweenOneFiveYears 2022-07-31 06327946 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 06327946 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 06327946 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 06327946 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-31 06327946 d:LeasedAssetsHeldAsLessee 2023-07-31 06327946 d:LeasedAssetsHeldAsLessee 2022-07-31 iso4217:GBP xbrli:pure

Registered number: 06327946









BPL (GLOBAL) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
BPL (GLOBAL) LIMITED
REGISTERED NUMBER: 06327946

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
278,153
99,851

  
278,153
99,851

Current assets
  

Stocks
  
2,500
2,500

Debtors: amounts falling due within one year
 5 
96,997
81,372

Cash at bank and in hand
 6 
57,473
71,402

  
156,970
155,274

Creditors: amounts falling due within one year
 7 
(95,977)
(109,959)

Net current assets
  
 
 
60,993
 
 
45,315

Total assets less current liabilities
  
339,146
145,166

  

Creditors: amounts falling due after more than one year
 8 
(152,192)
(43,736)

  
186,954
101,430

Provisions for liabilities
  

Deferred taxation
 10 
(55,440)
(21,562)

  
 
 
(55,440)
 
 
(21,562)

  

Net assets excluding pension asset
  
131,514
79,868

Net assets
  
131,514
79,868


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
131,414
79,768

  
131,514
79,868


Page 1

 
BPL (GLOBAL) LIMITED
REGISTERED NUMBER: 06327946
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers 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 director acknowledges his 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 29 February 2024.




S White
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

BPL Global Limited is a private company limited by shares and incorporated in England.  Its registered office is Horseferry Bridge, Cirencester Road, Witcombe, Gloucestershire, GL3 4SU..

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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 3

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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%
Motor vehicles
-
25%
Office equipment
-
20%

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 4

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.13

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.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2022
32,061
167,917
4,615
204,593


Additions
6,243
245,733
411
252,387


Disposals
(2,015)
(67,567)
(1,369)
(70,951)



At 31 July 2023

36,289
346,083
3,657
386,029



Depreciation


At 1 August 2022
16,727
84,305
3,710
104,742


Charge for the year on owned assets
5,274
7,864
155
13,293


Charge for the year on financed assets
-
28,768
-
28,768


Disposals
(1,537)
(36,559)
(831)
(38,927)



At 31 July 2023

20,464
84,378
3,034
107,876



Net book value



At 31 July 2023
15,825
261,705
623
278,153



At 31 July 2022
15,334
83,612
905
99,851

Page 6

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
205,825
59,274

205,825
59,274


5.


Debtors

2023
2022
£
£


Trade debtors
69,881
75,114

Other debtors
16,192
-

Prepayments and accrued income
10,924
6,258

96,997
81,372



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
57,473
71,402

57,473
71,402


Page 7

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
26,995
22,969

Taxation and social security
1,360
33,225

Obligations under finance lease and hire purchase contracts
42,333
27,333

Other creditors
13,189
14,382

Accruals and deferred income
2,100
2,050

95,977
109,959



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,081
28,787

Net obligations under finance leases and hire purchase contracts
133,111
14,949

152,192
43,736



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000


Amounts falling due 2-5 years

Bank loans
19,081
28,787


19,081
28,787


29,081
38,787


Page 8

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Deferred taxation




2023


£






At beginning of year
(21,562)


Charged to profit or loss
(33,878)



At end of year
(55,440)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(55,440)
(21,562)

(55,440)
(21,562)


11.


Commitments under operating leases

At 31 July 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
33,179
37,489

Later than 1 year and not later than 5 years
24,377
37,611

57,556
75,100

 
Page 9