Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31falsefalse2022-02-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity1728true 13130011 2022-02-01 2023-01-31 13130011 2021-01-13 2022-01-31 13130011 2023-01-31 13130011 2022-01-31 13130011 c:Director1 2022-02-01 2023-01-31 13130011 d:Buildings d:ShortLeaseholdAssets 2022-02-01 2023-01-31 13130011 d:Buildings d:ShortLeaseholdAssets 2023-01-31 13130011 d:Buildings d:ShortLeaseholdAssets 2022-01-31 13130011 d:OfficeEquipment 2022-02-01 2023-01-31 13130011 d:OfficeEquipment 2023-01-31 13130011 d:OfficeEquipment 2022-01-31 13130011 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13130011 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 13130011 d:CurrentFinancialInstruments 2023-01-31 13130011 d:CurrentFinancialInstruments 2022-01-31 13130011 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13130011 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 13130011 d:ShareCapital 2023-01-31 13130011 d:ShareCapital 2022-01-31 13130011 d:RetainedEarningsAccumulatedLosses 2023-01-31 13130011 d:RetainedEarningsAccumulatedLosses 2022-01-31 13130011 c:FRS102 2022-02-01 2023-01-31 13130011 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 13130011 c:FullAccounts 2022-02-01 2023-01-31 13130011 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13130011 4 2022-02-01 2023-01-31 13130011 e:PoundSterling 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Registered number: 13130011









BBB NINE LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
BBB NINE LTD
REGISTERED NUMBER: 13130011

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
281,217
318,465

  
281,217
318,465

Current assets
  

Stocks
  
13,544
-

Debtors: amounts falling due within one year
 5 
37,909
79,099

Cash at bank and in hand
  
2,029
5,588

  
53,482
84,687

Creditors: amounts falling due within one year
 6 
(536,243)
(162,010)

Net current liabilities
  
 
 
(482,761)
 
 
(77,323)

Total assets less current liabilities
  
(201,544)
241,142

  

Net (liabilities)/assets
  
(201,544)
241,142


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(201,644)
241,042

  
(201,544)
241,142


Page 1

 
BBB NINE LTD
REGISTERED NUMBER: 13130011

BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 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 20 March 2024.




................................................
James A Wilson
Director

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

Page 2

 
BBB NINE LTD
 

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

1.


General information

BBB Nine Ltd is a private company limited by shares incorporated in England and Wales with registration number 13130011. The Company’s registered office is 1 Coalport Drive, Stone, England, ST15 0XU.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

Notwithstanding net liabilities of £201,544 as at 31 January 2023, the financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.
The net liabilities relate to the fact that the site is currently making losses due to high rent costs. These costs are currently being financed by deferring rent payments in agreement with the landlord. The company is renegotiating terms with the landlord and have every expectation that a new agreement will be reached allowing the company to trade profitably in future, with arrears rental payments being contingent on profitable future trading.
Having undertaken a detailed budgeting exercise, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and therefore have adopted the going concern basis of accounting in preparing the Financial Statements.

Page 3

 
BBB NINE LTD
 

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

2.Accounting policies (continued)

 
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:

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.

 
2.4

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.

 
2.5

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.

Page 4

 
BBB NINE LTD
 

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

2.Accounting policies (continued)

  
2.6

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

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.

Depreciation is provided on the following basis:

Land and buildings
-
10%
straight line
Plant and equipment
-
25%
reducing balance

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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.

Page 5

 
BBB NINE LTD
 

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

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 6

 
BBB NINE LTD
 

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

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 28).

Page 7

 
BBB NINE LTD
 

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

4.


Tangible fixed assets





Land and buildings
Plant and equipment
Total

£
£
£



Cost or valuation


At 1 February 2022
161,121
176,043
337,164


Additions
16,652
4,824
21,476



At 31 January 2023

177,773
180,867
358,640



Depreciation


At 1 February 2022
4,028
14,671
18,699


Charge for the year on owned assets
17,777
40,947
58,724



At 31 January 2023

21,805
55,618
77,423



Net book value



At 31 January 2023
155,968
125,249
281,217



At 31 January 2022
157,093
161,372
318,465


5.


Debtors

2023
2022
£
£


Trade debtors
12,089
7,056

Other debtors
100
52,215

Prepayments and accrued income
25,720
19,828

37,909
79,099


Page 8

 
BBB NINE LTD
 

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
116,740
45,117

Other taxation and social security
28,966
22,233

Other creditors
197,586
1,358

Accruals and deferred income
192,951
93,302

536,243
162,010



7.


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. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,135 (2022 - £1,506). Contributions totalling £476 (2022 - £975) were payable to the fund at the balance sheet date and are included in creditors.


Page 9