Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-31false2022-01-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03062267 2022-01-01 2022-12-31 03062267 2021-01-01 2021-12-31 03062267 2022-12-31 03062267 2021-12-31 03062267 c:CompanySecretary1 2022-01-01 2022-12-31 03062267 c:Director1 2022-01-01 2022-12-31 03062267 c:RegisteredOffice 2022-01-01 2022-12-31 03062267 d:CurrentFinancialInstruments 2022-12-31 03062267 d:CurrentFinancialInstruments 2021-12-31 03062267 d:Non-currentFinancialInstruments 2022-12-31 03062267 d:Non-currentFinancialInstruments 2021-12-31 03062267 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03062267 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03062267 d:ShareCapital 2022-12-31 03062267 d:ShareCapital 2021-12-31 03062267 d:RetainedEarningsAccumulatedLosses 2022-12-31 03062267 d:RetainedEarningsAccumulatedLosses 2021-12-31 03062267 c:FRS102 2022-01-01 2022-12-31 03062267 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 03062267 c:FullAccounts 2022-01-01 2022-12-31 03062267 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03062267 6 2022-01-01 2022-12-31 03062267 e:PoundSterling 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Registered number: 03062267










B C TOMS & CO LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




















 
B C TOMS & CO LIMITED
 
 
Company Information


Director
B C Toms 




Company secretary
J Toms



Registered number
03062267



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
B C TOMS & CO LIMITED
Registered number: 03062267

Balance sheet
As at 31 December 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
2,116
2,116

  
2,116
2,116

Current assets
  

Debtors: amounts falling due after more than one year
 5 
-
7,500

Debtors: amounts falling due within one year
 5 
94,958
39,288

Cash at bank and in hand
  
823
11,118

  
95,781
57,906

Creditors: amounts falling due within one year
 6 
(120,282)
(36,541)

Net current (liabilities)/assets
  
 
 
(24,501)
 
 
21,365

Total assets less current liabilities
  
(22,385)
23,481

  

Net (liabilities)/assets
  
(22,385)
23,481


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(23,385)
22,481

  
(22,385)
23,481


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 year 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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

 

Page 1

 
B C TOMS & CO LIMITED
Registered number: 03062267
    
Balance sheet (continued)
As at 31 December 2022

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 October 2024.



B C Toms
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
B C TOMS & CO LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

1.


General information

B C Toms & Co Limited is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales. The registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW. 

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

The financial statements have been prepared under the going concern. The director considers this to be appropriate as he intends to provide financial support to the company for at least twelve months following the approval of these financial statements.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of legal services provided during the year.

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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. 

Page 3

 
B C TOMS & CO LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
2,116



At 31 December 2022
2,116




Page 4

 
B C TOMS & CO LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

5.


Debtors

2022
2021
£
£

Due after more than one year

Other debtors
-
7,500

-
7,500


2022
2021
£
£

Due within one year

Other debtors
78,020
39,288

Prepayments and accrued income
16,938
-

94,958
39,288



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
2
-

Trade creditors
-
16,477

Corporation tax
10,728
10,728

Other taxation and social security
5,508
2,221

Other creditors
104,044
7,115

120,282
36,541


Page 5

 
B C TOMS & CO LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2022

7.


Related party transactions

During the year the company operated a loan account with the director. At the year end the balance owed to the director was £80,704 (2021: £18,544 owed to the company). The loan is interest free and repayable on demand.
During the year turnover of £Nil (2021: £Nil) was receivable from the director's business. At the year end the balance owed to the company was £Nil (2021: £10,037).
During the year the company incurred consultancy fees of £Nil (2021: £7,500) from the director's business. At the year end the company owed £Nil (2021: £14,137).
During the year the company operated a loan account with British Ukrainian Chamber of Commerce, a company of which B C Toms is also director . At the year end the balance owed from British Ukrainian Chamber of Commerce was £5,872 (2021: £300 owed to the entity). The loan is interest free and repayable on demand.
During the prior year the company entered into a loan agreement with B. C. Toms & Co LLC, an entity registered in Ukraine under common control. At the year end, the balance owed from B. C. Toms & Co LLC was £46,524 (2021: £7,500). The loan is interest free and repayable by 31 December 2023.
During the year the company incurred consultancy fees of £21,520 (2021: £21,056) from B. C. Toms & Co LLC. 

 
Page 6