Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-31falsetrue22022-06-01No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07955573 2022-06-01 2023-05-31 07955573 2021-06-01 2022-05-31 07955573 2023-05-31 07955573 2022-05-31 07955573 c:Director1 2022-06-01 2023-05-31 07955573 d:OfficeEquipment 2022-06-01 2023-05-31 07955573 d:OfficeEquipment 2023-05-31 07955573 d:OfficeEquipment 2022-05-31 07955573 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 07955573 d:CurrentFinancialInstruments 2023-05-31 07955573 d:CurrentFinancialInstruments 2022-05-31 07955573 d:Non-currentFinancialInstruments 2023-05-31 07955573 d:Non-currentFinancialInstruments 2022-05-31 07955573 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07955573 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07955573 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07955573 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 07955573 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 07955573 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 07955573 d:ShareCapital 2023-05-31 07955573 d:ShareCapital 2022-05-31 07955573 d:RetainedEarningsAccumulatedLosses 2023-05-31 07955573 d:RetainedEarningsAccumulatedLosses 2022-05-31 07955573 c:FRS102 2022-06-01 2023-05-31 07955573 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07955573 c:FullAccounts 2022-06-01 2023-05-31 07955573 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07955573 2 2022-06-01 2023-05-31 07955573 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 07955573









B & I CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
B & I CAPITAL LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8


 
B & I CAPITAL LIMITED
REGISTERED NUMBER: 07955573

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
769
-

  
769
-

Current assets
  

Debtors: amounts falling due within one year
 5 
57,235
9,116

Cash at bank and in hand
 6 
55,419
128,166

  
112,654
137,282

Creditors: amounts falling due within one year
 7 
(73,692)
(78,664)

Net current assets
  
 
 
38,962
 
 
58,618

Total assets less current liabilities
  
39,731
58,618

Creditors: amounts falling due after more than one year
 8 
(20,681)
(26,525)

  

Net assets
  
19,050
32,093


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
18,950
31,993

  
19,050
32,093


Page 1

 
B & I CAPITAL LIMITED
REGISTERED NUMBER: 07955573
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 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 by: 




................................................
J Buckley
Director

Date: 30 August 2024

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

Page 2

 
B & I CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

B & I Capital Limited is a private company, limited by shares, domiciled in England and Wales,
registration number 07955573. The registered office is Aston House, Cornwall Avenue, London N3 1LF

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
B & I CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 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:

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

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.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

Page 4

 
B & I CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.8

Taxation

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.

 
2.9

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight line

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS
Page 5

 
B & I CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

102 to all of its financial instruments.

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.

 
2.14

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.


3.


Employees

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

Page 6

 
B & I CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,025



At 31 May 2023

1,025



Depreciation


Charge for the year on owned assets
256



At 31 May 2023

256



Net book value



At 31 May 2023
769



At 31 May 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
31,932
5,843

Other debtors
3,303
3,273

Prepayments and accrued income
22,000
-

57,235
9,116



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
55,419
128,166

55,419
128,166


Page 7

 
B & I CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,549
-

Corporation tax
39,581
27,729

Other taxation and social security
22,887
41,410

Other creditors
4,275
4,810

Accruals and deferred income
2,400
4,715

73,692
78,664



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,681
26,525

20,681
26,525



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



Amounts falling due 2-5 years

Bank loans
20,681
26,525


20,681
26,525


20,681
26,525


 
Page 8