Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01falseThe principal activity of the company in the year under review was that of a wildlife centre for British animals and birds.3632falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06568854 2023-04-01 2024-03-31 06568854 2022-04-01 2023-03-31 06568854 2024-03-31 06568854 2023-03-31 06568854 c:Director1 2023-04-01 2024-03-31 06568854 d:Buildings 2023-04-01 2024-03-31 06568854 d:Buildings 2024-03-31 06568854 d:Buildings 2023-03-31 06568854 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06568854 d:PlantMachinery 2023-04-01 2024-03-31 06568854 d:PlantMachinery 2024-03-31 06568854 d:PlantMachinery 2023-03-31 06568854 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06568854 d:MotorVehicles 2023-04-01 2024-03-31 06568854 d:MotorVehicles 2024-03-31 06568854 d:MotorVehicles 2023-03-31 06568854 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06568854 d:FurnitureFittings 2023-04-01 2024-03-31 06568854 d:FurnitureFittings 2024-03-31 06568854 d:FurnitureFittings 2023-03-31 06568854 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06568854 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06568854 d:Goodwill 2024-03-31 06568854 d:Goodwill 2023-03-31 06568854 d:CurrentFinancialInstruments 2024-03-31 06568854 d:CurrentFinancialInstruments 2023-03-31 06568854 d:Non-currentFinancialInstruments 2024-03-31 06568854 d:Non-currentFinancialInstruments 2023-03-31 06568854 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06568854 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06568854 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06568854 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06568854 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 06568854 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 06568854 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 06568854 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 06568854 d:ShareCapital 2024-03-31 06568854 d:ShareCapital 2023-03-31 06568854 d:RetainedEarningsAccumulatedLosses 2024-03-31 06568854 d:RetainedEarningsAccumulatedLosses 2023-03-31 06568854 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06568854 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06568854 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 06568854 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 06568854 c:OrdinaryShareClass1 2023-04-01 2024-03-31 06568854 c:OrdinaryShareClass1 2024-03-31 06568854 c:OrdinaryShareClass1 2023-03-31 06568854 c:FRS102 2023-04-01 2024-03-31 06568854 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06568854 c:FullAccounts 2023-04-01 2024-03-31 06568854 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06568854 d:WithinOneYear 2024-03-31 06568854 d:WithinOneYear 2023-03-31 06568854 2 2023-04-01 2024-03-31 06568854 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06568854










BWC Wildlife Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024

 
BWC Wildlife Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of BWC Wildlife Limited for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BWC Wildlife Limited for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of BWC Wildlife Limited in accordance with the terms of our engagement letter dated 26 March 2024Our work has been undertaken solely to prepare for your approval the financial statements of BWC Wildlife Limited and state those matters that we have agreed to state to the director of BWC Wildlife Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BWC Wildlife Limited and its director for our work or for this report. 

It is your duty to ensure that BWC Wildlife Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BWC Wildlife Limited. You consider that BWC Wildlife Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of BWC Wildlife Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
28 August 2024
Page 1

 
BWC Wildlife Limited
Registered number: 06568854

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
196,850
148,490

  
196,850
148,490

Current assets
  

Stocks
 6 
10,000
7,000

Debtors: amounts falling due within one year
 7 
10,623
7,885

Cash at bank and in hand
  
46,737
91,622

  
67,360
106,507

Creditors: amounts falling due within one year
 8 
(110,954)
(102,326)

Net current (liabilities)/assets
  
 
 
(43,594)
 
 
4,181

Total assets less current liabilities
  
153,256
152,671

Creditors: amounts falling due after more than one year
 9 
(11,666)
(21,667)

Provisions for liabilities
  

Deferred tax
 11 
(13,386)
(9,183)

  
 
 
(13,386)
 
 
(9,183)

Net assets
  
128,204
121,821


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
128,104
121,721

  
128,204
121,821


Page 2

 
BWC Wildlife Limited
Registered number: 06568854

Balance sheet (continued)
As at 31 March 2024

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 profit and loss account 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: 


................................................
D F Mills
Director
Date: 22 August 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
BWC Wildlife Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


Statutory information

BWC Wildlife Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. 

The financial statements are presented in pounds sterling and have been rounded to the nearest £1.

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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents income from entrance fees, shop and cafe sales, excluding value added tax. A sale is recognised on receipt of the income. 

Income from landfill is based on the number of loads tipped on to the land. It is recognised as each load is unloaded.

Donations, included in turnover, are recognised once the company has entilement to the funds, it is probable that the donations will be received and the amount can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


 
2.4

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 provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Depreciation is provided on the following basis:

Freehold property
-
2%
on cost
Plant and machinery
-
25%
on reducing balance
Motor vehicles
-
25%
on reducing balance
Fixtures and fittings
-
25%
on reducing balance

Fixed assets costing under £500 are written off to the profit and loss account in the year of purchase.

Page 4

 
BWC Wildlife Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.5

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 first in, first out basis. Provision is made for slow moving, obsolete or damaged stock where the net reaisable value is less than cost.   

Stocks of wild animals held by the company are not given any value in these accounts as they have no resale value. 

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 5

 
BWC Wildlife Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.11

Interest income

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

 
2.12

Hire purchase and leasing commitments

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

 
2.13

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 balance sheet 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 balance sheet 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 balance sheet date.

3.


Employees

The average monthly number of employees, including directors, during the year was 36 (2023 - 32).

Page 6

 
BWC Wildlife Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
33,000



At 31 March 2024

33,000



Amortisation


At 1 April 2023
33,000



At 31 March 2024

33,000



Net book value



At 31 March 2024
-



At 31 March 2023
-




5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
125,188
86,414
9,495
163,289
384,386


Additions
-
68,745
-
3,053
71,798


Disposals
-
(20,325)
-
-
(20,325)



At 31 March 2024

125,188
134,834
9,495
166,342
435,859



Depreciation


At 1 April 2023
25,038
57,202
8,545
145,111
235,896


Charge for the year on owned assets
2,504
12,302
238
4,830
19,874


Disposals
-
(16,761)
-
-
(16,761)



At 31 March 2024

27,542
52,743
8,783
149,941
239,009



Net book value



At 31 March 2024
97,646
82,091
712
16,401
196,850



At 31 March 2023
100,150
29,212
950
18,178
148,490

Page 7

 
BWC Wildlife Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

6.


Stocks

2024
2023
£
£

Gift and coffee shop stock
10,000
7,000

10,000
7,000



7.


Debtors

2024
2023
£
£


Trade debtors
7,858
6,508

Other debtors
1,970
-

Prepayments and accrued income
795
1,377

10,623
7,885



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans and overdrafts
10,000
19,776

Trade creditors
20,286
12,813

Corporation tax
-
1,970

Other taxation and social security
25,874
17,692

Other creditors
51,594
37,414

Accruals and deferred income
3,200
12,661

110,954
102,326



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,666
21,667

11,666
21,667


Page 8

 
BWC Wildlife Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
19,776


10,000
19,776

Amounts falling due 1-2 years

Bank loans
11,666
10,000


11,666
10,000

Amounts falling due 2-5 years

Bank loans
-
11,667


-
11,667


21,666
41,443


Lloyds TSB Bank plc has a fixed and floating charge over the undertaking and all property and assets of the company present and future as security for its loan of £Nil (2023 - £6,998). 
BWC Wildlife Ltd had a £50,000 loan from International Wildlife Coalition Trust in February 2020 with fixed interest at 4% per year over 3 years. The director, Mr D F Mills, has given a personal guarantee that he will pay any overdue principal or interest payments on demand. The balance due at the year end was £Nil (2023­ £2,778). 
The company took out a 5 year Bounce Back loan in May 2020 of £50,000 with fixed interest at 2.5% per year. The balance due at the year end was £21,666 (2023 - £31,667). 


11.


Deferred taxation




2024


£






At beginning of year
9,183


Charged to profit or loss
4,203



At end of year
13,386

Page 9

 
BWC Wildlife Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
18,849
9,183

Tax losses carried forward
(5,463)
-

13,386
9,183


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100



13.


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 £6,606 (2023 - £5,958). Contributions totalling £1,401 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


14.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
1,020
1,020

1,020
1,020


15.


Related party disclosures

The centre operates on land owned by Mr D F Mills, a director and shareholder. The company has agreed to pay rent, but no formal lease is in place. Rent paid in the year was £18,000 (2023 - £18,000). 


Page 10