Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falsetrueNo description of principal activity1514The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11017452 2023-01-01 2023-12-31 11017452 2022-01-01 2022-12-31 11017452 2023-12-31 11017452 2022-12-31 11017452 c:Director1 2023-01-01 2023-12-31 11017452 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 11017452 d:MotorVehicles 2023-01-01 2023-12-31 11017452 d:MotorVehicles 2023-12-31 11017452 d:MotorVehicles 2022-12-31 11017452 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11017452 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11017452 d:FurnitureFittings 2023-01-01 2023-12-31 11017452 d:FurnitureFittings 2023-12-31 11017452 d:FurnitureFittings 2022-12-31 11017452 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11017452 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11017452 d:OfficeEquipment 2023-01-01 2023-12-31 11017452 d:OfficeEquipment 2023-12-31 11017452 d:OfficeEquipment 2022-12-31 11017452 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11017452 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11017452 d:ComputerEquipment 2023-01-01 2023-12-31 11017452 d:ComputerEquipment 2023-12-31 11017452 d:ComputerEquipment 2022-12-31 11017452 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11017452 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11017452 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 11017452 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11017452 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11017452 d:CurrentFinancialInstruments 2023-12-31 11017452 d:CurrentFinancialInstruments 2022-12-31 11017452 d:Non-currentFinancialInstruments 2023-12-31 11017452 d:Non-currentFinancialInstruments 2022-12-31 11017452 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11017452 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11017452 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11017452 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11017452 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11017452 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 11017452 d:ShareCapital 2023-12-31 11017452 d:ShareCapital 2022-12-31 11017452 d:RetainedEarningsAccumulatedLosses 2023-12-31 11017452 d:RetainedEarningsAccumulatedLosses 2022-12-31 11017452 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11017452 c:OrdinaryShareClass1 2023-12-31 11017452 c:OrdinaryShareClass1 2022-12-31 11017452 c:FRS102 2023-01-01 2023-12-31 11017452 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11017452 c:FullAccounts 2023-01-01 2023-12-31 11017452 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11017452 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11017452









BURGESS OKOH SAUNDERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BURGESS OKOH SAUNDERS LIMITED
REGISTERED NUMBER: 11017452

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
91,701
112,195

  
91,701
112,195

Current assets
  

Debtors: amounts falling due within one year
 5 
579,581
490,877

Cash at bank and in hand
 6 
7,276
54,899

  
586,857
545,776

Creditors: amounts falling due within one year
 7 
(624,994)
(633,818)

Net current liabilities
  
 
 
(38,137)
 
 
(88,042)

Total assets less current liabilities
  
53,564
24,153

Creditors: amounts falling due after more than one year
 8 
(33,942)
(94,304)

  

Net assets/(liabilities)
  
19,622
(70,151)


Capital and reserves
  

Called up share capital 
 10 
1,500
1,500

Profit and loss account
  
18,122
(71,651)

  
19,622
(70,151)


Page 1

 
BURGESS OKOH SAUNDERS LIMITED
REGISTERED NUMBER: 11017452
    
BALANCE SHEET (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 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: 




A Burgess
Director

Date: 3 October 2024

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

Page 2

 
BURGESS OKOH SAUNDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Burgess Okoh Saunders Limited is a private company limited by shares, incorporated in England & Wales (registered number: 11017452).
The registered office and principal place of business address is 39 Dover Street, London, W1S 4NN.
The principal activity of the Company is that of a solicitors practice. 
The financial statements are presented in Sterling, which is the functional currency of the Company.

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

The following principal accounting policies have been applied:

 
2.2

Going concern

As at the balance sheet date, the Company had net liabilities. The financial statements have been prepared on the going concern basis, on the grounds that the directors are confident the Company will continue as a going concern for a period of at least another 12 months following the approval of these financial statements.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

 
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

Interest income

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

Page 3

 
BURGESS OKOH SAUNDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

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.

Page 4

 
BURGESS OKOH SAUNDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
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:

Short-term leasehold property
-
20%
Motor vehicles
-
Over the term of the lease
Fixtures and fittings
-
20%
Office equipment
-
20%
Computer equipment
-
20%
Leased assets
-
Over the term of the lease

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 14).

Page 5

 
BURGESS OKOH SAUNDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
80,070
1,956
5,062
55,409
142,497


Additions
-
-
42
7,559
7,601



At 31 December 2023

80,070
1,956
5,104
62,968
150,098



Depreciation


At 1 January 2023
5,487
391
4,071
20,353
30,302


Charge for the year on owned assets
-
391
362
2,981
3,734


Charge for the year on financed assets
16,014
-
-
8,347
24,361



At 31 December 2023

21,501
782
4,433
31,681
58,397



Net book value



At 31 December 2023
58,569
1,174
671
31,287
91,701



At 31 December 2022
74,583
1,565
991
35,056
112,195

Page 6

 
BURGESS OKOH SAUNDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
53,470
49,820

Other debtors
352,610
256,147

Called up share capital not paid
1,500
1,500

Prepayments and accrued income
110,782
122,191

Tax recoverable
61,219
61,219

579,581
490,877



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,276
54,899

7,276
54,899



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
78,424
82,637

Trade creditors
37,848
46,806

Corporation tax
88,255
77,984

Other taxation and social security
355,441
357,842

Obligations under finance lease and hire purchase contracts
38,134
23,366

Other creditors
1,309
1,049

Accruals and deferred income
25,583
44,134

624,994
633,818


Page 7

 
BURGESS OKOH SAUNDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
16,072
26,667

Net obligations under finance leases and hire purchase contracts
17,870
67,637

33,942
94,304



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank and other loans
78,424
82,637


78,424
82,637


Amounts falling due after one year

Bank and other loans
16,072
26,667


16,072
26,667


94,496
109,304



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,500 (2022 - 1,500) Ordinary shares of £1.00 each
1,500
1,500


Page 8

 
BURGESS OKOH SAUNDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Related party transactions

Included within other debtors are the following amounts:
- £303,934 (2022: £135,137)  - amounts due from directors of the company;
- £29,006 (2022: £29,006) - amounts due from a company under the control of one of the directors.
After the year-end, the directors repaid £159,033 to the company.

 
Page 9