Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31false2022-08-15true1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14296240 2022-08-14 14296240 2022-08-15 2023-08-31 14296240 2021-08-15 2022-08-14 14296240 2023-08-31 14296240 c:Director1 2022-08-15 2023-08-31 14296240 d:ComputerEquipment 2022-08-15 2023-08-31 14296240 d:ComputerEquipment 2023-08-31 14296240 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-15 2023-08-31 14296240 d:CurrentFinancialInstruments 2023-08-31 14296240 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14296240 d:ShareCapital 2023-08-31 14296240 d:RetainedEarningsAccumulatedLosses 2023-08-31 14296240 c:OrdinaryShareClass1 2022-08-15 2023-08-31 14296240 c:OrdinaryShareClass1 2023-08-31 14296240 c:FRS102 2022-08-15 2023-08-31 14296240 c:AuditExempt-NoAccountantsReport 2022-08-15 2023-08-31 14296240 c:FullAccounts 2022-08-15 2023-08-31 14296240 c:PrivateLimitedCompanyLtd 2022-08-15 2023-08-31 14296240 2 2022-08-15 2023-08-31 14296240 e:PoundSterling 2022-08-15 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14296240














BCM ENT LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2023

 
BCM ENT LIMITED
REGISTERED NUMBER:14296240

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
899

  
899

Current assets
  

Debtors: amounts falling due within one year
 5 
1,332,482

Cash at bank
 6 
33,624

  
1,366,106

Creditors: amounts falling due within one year
 7 
(1,302,303)

Net current liabilities
  
 
 
63,803

Total assets less current liabilities
  
64,702

  

Net liabilities
  
64,702


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
64,701

  
64,702


Page 1

 
BCM ENT LIMITED
REGISTERED NUMBER:14296240
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 period 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: 




B J Cook
Director

Date: 10 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BCM ENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

BCM Ent Limited is a private company, limited by shares, registered in England and Wales, registration number 14296240. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The company was incorporated on 15 August 2022 and commenced trading on the same date.
 
The principal activity of the company is to be that of provision of back office services.

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover 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. Turnover 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:

Recharged income is recognised when the significant risks and rewards of ownership have been transferred to the buyer.

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
BCM ENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Current and deferred taxation

The tax expense for the period 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.

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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
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.

Page 4

 
BCM ENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.9

Debtors

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

 
2.10

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

 Creditors

Short-term creditors are measured at the transaction price.

 
2.12

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other debtors, trade and other creditors and loans with related parties.


3.


Employees

The average monthly number of employees, including the director, during the period was 1.


4.


Tangible fixed assets





Computer equipment

£



Cost 


Additions
1,199



At 31 August 2023

1,199



Depreciation


Charge for the year
300



At 31 August 2023

300



Net book value



At 31 August 2023
899

Page 5

 
BCM ENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

5.


Debtors

2023
£


Other debtors
165,937

Prepayments
1,163,920

Deferred taxation
2,625

1,332,482



6.


Cash

2023
£

Cash at bank
33,624



7.


Creditors: amounts falling due within one year

2023
£

Trade creditors
30,966

Corporation tax
19,118

Other taxation and social security
95,779

Other creditors
1,140,008

Accruals
16,432

1,302,303



8.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1

On incorporation the company issued 1 ordinary share at a nominal value of 1 pound.




9.


Pension commitments

The company operates a defined contribution 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 £11,400. Included in other creditors at the year end there is an amount payable of £26,600.

Page 6

 
BCM ENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

10.


Transactions with the director

As at the period end, company owed £37,204 to the director. This loan is unsecured, interest free and repayable on demand.

 
Page 7