Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalsetrue2023-01-01No description of principal activity1615false 05067447 2023-01-01 2023-12-31 05067447 2022-01-01 2022-12-31 05067447 2023-12-31 05067447 2022-12-31 05067447 2022-01-01 05067447 c:Director3 2023-01-01 2023-12-31 05067447 d:FurnitureFittings 2023-01-01 2023-12-31 05067447 d:FurnitureFittings 2023-12-31 05067447 d:FurnitureFittings 2022-12-31 05067447 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05067447 d:OfficeEquipment 2023-01-01 2023-12-31 05067447 d:OfficeEquipment 2023-12-31 05067447 d:OfficeEquipment 2022-12-31 05067447 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05067447 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05067447 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 05067447 d:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 05067447 d:Goodwill 2023-12-31 05067447 d:Goodwill 2022-12-31 05067447 d:CurrentFinancialInstruments 2023-12-31 05067447 d:CurrentFinancialInstruments 2022-12-31 05067447 d:Non-currentFinancialInstruments 2023-12-31 05067447 d:Non-currentFinancialInstruments 2022-12-31 05067447 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05067447 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05067447 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05067447 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05067447 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05067447 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 05067447 d:ShareCapital 2023-01-01 2023-12-31 05067447 d:ShareCapital 2023-12-31 05067447 d:ShareCapital 2022-01-01 2022-12-31 05067447 d:ShareCapital 2022-12-31 05067447 d:ShareCapital 2022-01-01 05067447 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05067447 d:RetainedEarningsAccumulatedLosses 2023-12-31 05067447 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 05067447 d:RetainedEarningsAccumulatedLosses 2022-12-31 05067447 d:RetainedEarningsAccumulatedLosses 2022-01-01 05067447 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05067447 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 05067447 c:FRS102 2023-01-01 2023-12-31 05067447 c:Audited 2023-01-01 2023-12-31 05067447 c:FullAccounts 2023-01-01 2023-12-31 05067447 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05067447 d:WithinOneYear 2023-12-31 05067447 d:WithinOneYear 2022-12-31 05067447 d:BetweenOneFiveYears 2023-12-31 05067447 d:BetweenOneFiveYears 2022-12-31 05067447 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05067447 2 2023-01-01 2023-12-31 05067447 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 05067447 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-01-01 2023-12-31 05067447 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05067447









BRISTOL GLOBAL MOBILITY LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BRISTOL GLOBAL MOBILITY LTD
REGISTERED NUMBER: 05067447

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
As restated 2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
85,519
110,549

Tangible assets
 5 
1,771
3,020

  
87,290
113,569

Current assets
  

Debtors: amounts falling due within one year
 6 
1,154,865
1,791,367

Cash at bank and in hand
 7 
176,319
224,986

  
1,331,184
2,016,353

Creditors: amounts falling due within one year
 8 
(1,275,748)
(1,472,412)

Net current assets
  
 
 
55,436
 
 
543,941

Total assets less current liabilities
  
142,726
657,510

Creditors: amounts falling due after more than one year
 9 
(228,334)
(368,333)

Provisions for liabilities
  

Deferred tax
 11 
-
(11,602)

  
 
 
-
 
 
(11,602)

Net (liabilities)/assets
  
(85,608)
277,575


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(85,708)
277,475

  
(85,608)
277,575

Page 1

 
BRISTOL GLOBAL MOBILITY LTD
REGISTERED NUMBER: 05067447
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 




................................................
G Bansor
Director

Date: 25 September 2024

The notes on pages 4 to 12 form part of these financial statements.
Page 2

 
BRISTOL GLOBAL MOBILITY LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
100
192,639
192,739


Comprehensive income for the year

Profit for the year

-
84,836
84,836


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
84,836
84,836


Total transactions with owners
-
-
-



At 1 January 2023
100
277,475
277,575


Comprehensive income for the year

Loss for the year

-
(363,183)
(363,183)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(363,183)
(363,183)


Total transactions with owners
-
-
-


At 31 December 2023
100
(85,708)
(85,608)


The notes on pages 4 to 12 form part of these financial statements.
Page 3

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Bristol Global Monility is a company limited by shares incorporated in England within the United Kingdom. The registered office is given in the company information page of these financial statements. The company's principal activity is people relocation. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Turnover consists of revenue recognised by the Company from management fees, referral fees, transfer pricing, and disbursements related to employee relocation services.
Revenue is recognised upon completion of services provided. 

 
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

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.

 
2.8

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

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

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 6

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.11
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:

Fixtures and fittings
-
25%
reducing balance
Office 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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 7

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
16
15


4.


Intangible assets




Customer contracts
Goodwill
Total

£
£
£



Cost


At 1 January 2023
250,299
100,000
350,299



At 31 December 2023

250,299
100,000
350,299



Amortisation


At 1 January 2023
139,750
100,000
239,750


Charge for the year on owned assets
25,030
-
25,030



At 31 December 2023

164,780
100,000
264,780



Net book value



At 31 December 2023
85,519
-
85,519



At 31 December 2022
110,549
-
110,549



Page 8

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
119,199
46,927
166,126


Additions
-
1,462
1,462



At 31 December 2023

119,199
48,389
167,588



Depreciation


At 1 January 2023
118,529
44,577
163,106


Charge for the year on owned assets
-
2,042
2,042


Disposals
669
-
669



At 31 December 2023

119,198
46,619
165,817



Net book value



At 31 December 2023
1
1,770
1,771



At 31 December 2022
670
2,350
3,020


6.


Debtors

2023
2022
£
£


Trade debtors
601,703
688,221

Amounts owed by group undertakings
391,605
87,408

Other debtors
31,635
74,901

Prepayments and accrued income
129,922
940,837

1,154,865
1,791,367


Page 9

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
176,319
224,986

Less: bank overdrafts
(26)
-

176,293
224,986



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
26
-

Bank loans
140,000
140,000

Trade creditors
714,290
826,092

Amounts owed to group undertakings
58,258
157,692

Corporation tax
1,215
-

Other taxation and social security
96,789
79,657

Other creditors
245,794
245,794

Accruals and deferred income
19,376
23,177

1,275,748
1,472,412



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
228,334
368,333

228,334
368,333


Page 10

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
140,000
140,000


140,000
140,000


Amounts falling due 2-5 years

Bank loans
228,334
368,333


228,334
368,333


368,334
508,333



11.


Deferred taxation




2023


£






At beginning of year
(11,602)


Charged to profit or loss
11,602



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(11,602)

-
(11,602)

Page 11

 
BRISTOL GLOBAL MOBILITY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Prior year adjustment

During the current financial year, a review of the company’s intangible assets was undertaken. It was determined that an intangible asset had been overstated in the prior year’s financial statements. In accordance with FRS 102, Section 10, Accounting Policies, Estimates, and Errors, this overstatement has been corrected by restating the prior year figures to reflect the correct carrying value of the asset.
This resulted in a reduction in the Profit and Loss account of £75,581.


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 costs charge represents contributions payable by the Company to the fund and amounted to £38,752 (2022 - £40,244). Contributions totalling £3,236 (2022: £8,301) were payable to the fund at the balance sheet date.


14.


Commitments under operating leases

At 31 December 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
75,792
72,183

Later than 1 year and not later than 5 years
52,185
127,977

127,977
200,160


15.


Controlling party

The ultimate controlling party is Bristol Global Mobility LLC  who own 100% of the shre capital. Bristol Global Mobility LLC is owned 100% by Mr S Todare. 

16.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 25 September 2024 by Michael Jacoby FCA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 12