Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseThe provision of business services.68trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07896441 2023-01-01 2023-12-31 07896441 2022-01-01 2022-12-31 07896441 2023-12-31 07896441 2022-12-31 07896441 2022-01-01 07896441 c:Director1 2023-01-01 2023-12-31 07896441 d:Buildings 2023-01-01 2023-12-31 07896441 d:Buildings 2023-12-31 07896441 d:Buildings 2022-12-31 07896441 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07896441 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 07896441 d:FurnitureFittings 2023-01-01 2023-12-31 07896441 d:OfficeEquipment 2023-01-01 2023-12-31 07896441 d:ComputerEquipment 2023-01-01 2023-12-31 07896441 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07896441 d:OtherPropertyPlantEquipment 2023-12-31 07896441 d:OtherPropertyPlantEquipment 2022-12-31 07896441 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07896441 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07896441 d:CurrentFinancialInstruments 2023-12-31 07896441 d:CurrentFinancialInstruments 2022-12-31 07896441 d:Non-currentFinancialInstruments 2023-12-31 07896441 d:Non-currentFinancialInstruments 2022-12-31 07896441 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07896441 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07896441 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07896441 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07896441 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 07896441 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 07896441 d:ShareCapital 2023-12-31 07896441 d:ShareCapital 2022-12-31 07896441 d:RetainedEarningsAccumulatedLosses 2023-12-31 07896441 d:RetainedEarningsAccumulatedLosses 2022-12-31 07896441 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07896441 c:OrdinaryShareClass1 2023-12-31 07896441 c:OrdinaryShareClass1 2022-12-31 07896441 c:FRS102 2023-01-01 2023-12-31 07896441 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07896441 c:FullAccounts 2023-01-01 2023-12-31 07896441 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07896441 d:WithinOneYear 2023-12-31 07896441 d:WithinOneYear 2022-12-31 07896441 d:BetweenOneFiveYears 2023-12-31 07896441 d:BetweenOneFiveYears 2022-12-31 07896441 d:MoreThanFiveYears 2023-12-31 07896441 d:MoreThanFiveYears 2022-12-31 07896441 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07896441 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07896441 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07896441









BEAUMONT OFFICE SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BEAUMONT OFFICE SERVICES LIMITED
REGISTERED NUMBER: 07896441

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
562,428
321,622

  
562,428
321,622

Current assets
  

Debtors: amounts falling due within one year
 5 
559,268
1,447,684

Cash at bank and in hand
  
1,153,922
345,696

  
1,713,190
1,793,380

Creditors: amounts falling due within one year
 6 
(1,573,307)
(1,730,815)

Net current assets
  
 
 
139,883
 
 
62,565

Total assets less current liabilities
  
702,311
384,187

Creditors: amounts falling due after more than one year
 7 
(415,501)
(195,984)

Provisions for liabilities
  

Deferred tax
 9 
(2,130)
-

  
 
 
(2,130)
 
 
-

Net assets
  
284,680
188,203


Capital and reserves
  

Called up share capital 
 10 
2,000
2,000

Profit and loss account
  
282,680
186,203

  
284,680
188,203


Page 1

 
BEAUMONT OFFICE SERVICES LIMITED
REGISTERED NUMBER: 07896441
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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: 




R J Adam
Director

Date: 23 September 2024

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

Page 2

 
BEAUMONT OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The principal activity of Beaumont Office Services Limited ("the Company") is the provision of business services.
The Company is a private company, limited by shares, incorporated in England and Wales.
The registered office address is 80 Coleman Street, London, EC2R 5BJ.

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

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.
The Company made a profit of £592,477 during the year and had net current assets of £139,883 and net assets of £284,680 at the end of the year.
The directors have reviewed forecasts and budgets and are confident of the Company's ability to continue trading as a going concern for the foreseeable future. The Company keeps its management accounts under constant review to ensure that no further action or changes are required to ther business in order for it to continue as a going concern. Based on the results to date and future projections, the directors are confident that the Company will continue to meet its liabilities as they fall due. As a result, the directors have prepared the financial statements on a going concern basis.

 
2.3

Turnover and revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover 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.
Turnover is recognised in the period which the services are provided.

Page 3

 
BEAUMONT OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Pensions

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 obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 reporting 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 Statement of Financial Position date, except that:
 
The recognition of deferred tax assets is limited to the exten that 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 reporting date.

 
2.6

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 4

 
BEAUMONT OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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:

Leasehold improvements
-
10% Straight line
Fixtures & fittings
-
20% Straight line
Office equipment
-
20% Straight line
Computer 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.

 
2.7

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 instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.


 
Page 5

 
BEAUMONT OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

(ii) Financial liabilities
Basic financial liabilities, including trade creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and 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. 

 
2.9

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 6 (2022 - 8).

Page 6

 
BEAUMONT OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Leasehold improvements
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 January 2023
1,768,567
1,125,897
2,894,464


Additions
216,650
103,340
319,990



At 31 December 2023

1,985,217
1,229,237
3,214,454



Depreciation


At 1 January 2023
1,481,788
1,091,054
2,572,842


Charge for the year on owned assets
57,753
21,431
79,184



At 31 December 2023

1,539,541
1,112,485
2,652,026



Net book value



At 31 December 2023
445,676
116,752
562,428



At 31 December 2022
286,779
34,843
321,622


5.


Debtors

2023
2022
£
£


Trade debtors
128,905
219,173

Amounts owed by group undertakings
-
300,000

Other debtors
5,310
154,759

Prepayments and accrued income
425,053
742,747

Deferred taxation
-
31,005

559,268
1,447,684


Page 7

 
BEAUMONT OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,905
9,667

Service retainers
493,471
574,816

Trade creditors
290,287
626,090

Corporation tax
155,102
2,876

Other taxation and social security
126,702
107,229

Other creditors
648
985

Accruals and deferred income
497,192
409,152

1,573,307
1,730,815



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,120
34,024

Service retainers
391,381
161,960

415,501
195,984



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Bank loans due within 1 year
9,905
9,667


Bank loans due between 2 to 5 years
24,120
34,024



An unsecured £50,000 bank loan was taken out in April 2021. No interest was payable in the first year with 2.5% charged annually thereafter.

Page 8

 
BEAUMONT OFFICE SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
31,005
44,534


Charged to profit or loss
(33,135)
(13,529)



At end of year
(2,130)
31,005

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,130)
31,005


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,000 (2022 - 2,000) Ordinary shares of £1.00 each
2,000
2,000



11.


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. Contributions totalling £648 (2022: £985) were payable to the fund at the Statement of Financial Position date and are included in creditors.


12.


Commitments under operating leases

At 31 December 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
1,201,913
1,435,113

Later than 1 year and not later than 5 years
4,797,084
5,037,201

Later than 5 years
1,061,645
2,258,557

7,060,642
8,730,871

 
Page 9