Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01truefalseNo description of principal activity34truefalse OC429312 2023-04-01 2024-03-31 OC429312 2022-04-01 2023-03-31 OC429312 2024-03-31 OC429312 2023-03-31 OC429312 c:PlantMachinery 2023-04-01 2024-03-31 OC429312 c:PlantMachinery 2024-03-31 OC429312 c:PlantMachinery 2023-03-31 OC429312 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC429312 c:MotorVehicles 2023-04-01 2024-03-31 OC429312 c:MotorVehicles 2024-03-31 OC429312 c:MotorVehicles 2023-03-31 OC429312 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC429312 c:FurnitureFittings 2023-04-01 2024-03-31 OC429312 c:FurnitureFittings 2024-03-31 OC429312 c:FurnitureFittings 2023-03-31 OC429312 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC429312 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC429312 c:CurrentFinancialInstruments 2024-03-31 OC429312 c:CurrentFinancialInstruments 2023-03-31 OC429312 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC429312 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC429312 d:FRS102 2023-04-01 2024-03-31 OC429312 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC429312 d:FullAccounts 2023-04-01 2024-03-31 OC429312 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC429312 d:PartnerLLP1 2023-04-01 2024-03-31 OC429312 d:PartnerLLP3 2023-04-01 2024-03-31 OC429312 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC429312 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC429312 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC429312









BEST&CO COMMUNICATIONS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BEST&CO COMMUNICATIONS LLP
REGISTERED NUMBER: OC429312

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,863
10,484

  
7,863
10,484

Current assets
  

Debtors: amounts falling due within one year
 5 
66,746
47,368

Cash at bank and in hand
 6 
373
373

  
67,119
47,741

Creditors: Amounts Falling Due Within One Year
 7 
(102,645)
(96,960)

Net current liabilities
  
 
 
(35,526)
 
 
(49,219)

Total assets less current liabilities
  
(27,663)
(38,735)

  

Net liabilities
  
(27,663)
(38,735)


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
(27,663)
(38,735)

  
(27,663)
(38,735)

  

  
(27,663)
(38,735)


Total members' interests
  

Loans and other debts due to members
 8 
(27,663)
(38,735)

  
(27,663)
(38,735)

Page 1

 
BEST&CO COMMUNICATIONS LLP
REGISTERED NUMBER: OC429312
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




J Baker
G Landrey
Designated member
Designated member


Date7 October 2024
Date7 October 2024

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

Best&Co Communications LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
BEST&CO COMMUNICATIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Best&Co Communications LLP is a limited liability partnership, incorporated in England & Wales (registered number: OC429312). The registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the limited liability partnership.

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 members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP has therefore adopted the going concern basis in preparing its financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP 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 LLP 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.

Page 3

 
BEST&CO COMMUNICATIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP 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 Statement of Financial Position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
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.

 
2.6

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. 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.

Page 4

 
BEST&CO COMMUNICATIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
10,830
11,189
2,579
24,598



At 31 March 2024

10,830
11,189
2,579
24,598



Depreciation


At 1 April 2023
6,242
6,862
1,010
14,114


Charge for the year on owned assets
1,147
1,082
392
2,621



At 31 March 2024

7,389
7,944
1,402
16,735



Net book value



At 31 March 2024
3,441
3,245
1,177
7,863



At 31 March 2023
4,588
4,327
1,569
10,484

Page 5

 
BEST&CO COMMUNICATIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
54,392
34,678

Prepayments and accrued income
12,355
12,689

66,747
47,367



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
373
373

Less: bank overdrafts
(29,375)
(65,923)

(29,002)
(65,550)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
29,375
65,923

Trade creditors
8,007
15,965

Other taxation and social security
11,118
9,043

Other creditors
1,439
1,615

Accruals and deferred income
52,706
4,414

102,645
96,960


Page 6

 
BEST&CO COMMUNICATIONS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans and other debts due to members


2024
2023
£
£



Other amounts due to members
(27,663)
(38,735)

(27,663)
(38,735)

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
(27,663)
(38,735)

(27,663)
(38,735)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.


9.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity  to the fund and amounted to £1,972 (2023: £2,333). Contributions totalling £1,334 (2023: £1,509) were payable to the fund at the reporting date and are included in creditors.

 
Page 7