Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01false192falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14490121 2023-04-01 2024-03-31 14490121 2022-11-17 2023-03-31 14490121 2024-03-31 14490121 2023-03-31 14490121 c:Director1 2023-04-01 2024-03-31 14490121 d:MotorVehicles 2023-04-01 2024-03-31 14490121 d:MotorVehicles 2024-03-31 14490121 d:MotorVehicles 2023-03-31 14490121 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14490121 d:FurnitureFittings 2023-04-01 2024-03-31 14490121 d:FurnitureFittings 2024-03-31 14490121 d:FurnitureFittings 2023-03-31 14490121 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14490121 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 14490121 d:CurrentFinancialInstruments 2024-03-31 14490121 d:CurrentFinancialInstruments 2023-03-31 14490121 d:CurrentFinancialInstruments 1 2024-03-31 14490121 d:CurrentFinancialInstruments 1 2023-03-31 14490121 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14490121 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14490121 d:ShareCapital 2024-03-31 14490121 d:ShareCapital 2023-03-31 14490121 d:RetainedEarningsAccumulatedLosses 2024-03-31 14490121 d:RetainedEarningsAccumulatedLosses 2023-03-31 14490121 c:FRS102 2023-04-01 2024-03-31 14490121 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14490121 c:FullAccounts 2023-04-01 2024-03-31 14490121 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14490121 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14490121










B.D.S. (123) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
B.D.S. (123) LIMITED
REGISTERED NUMBER: 14490121

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,509
-

  
8,509
-

Current assets
  

Stocks
  
98,348
-

Debtors: amounts falling due within one year
 5 
277,840
-

Cash at bank and in hand
  
203,863
49,985

  
580,051
49,985

Creditors: amounts falling due within one year
 6 
(407,860)
(49,900)

Net current assets
  
 
 
172,191
 
 
85

Total assets less current liabilities
  
180,700
85

Provisions for liabilities
  

Deferred tax
  
(1,294)
-

  
 
 
(1,294)
 
 
-

Net assets
  
179,406
85


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
179,306
(15)

  
179,406
85


Page 1

 
B.D.S. (123) LIMITED
REGISTERED NUMBER: 14490121
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 income statement 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: 




Mr A S Sodhi
Director

Date: 7 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
B.D.S. (123) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

B.D.S. (123) Limited is a private company, limited by share capital, incorporated in England and Wales under registration number: 14490121. The address of the registered office is Level 5A, Maple House, 149 Tottenham Court Road, London W1T 7NF.

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 assumption that the company will have the continued financial support of the shareholders. The shareholders of the company have sufficient resources to finance the company as and when the need arises.
The financial statements have been prepared on a going concern basis which is dependent on the financial support of the shareholders to ensure that the company will continue in operational existence for the foreseeable future.

Page 3

 
B.D.S. (123) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
B.D.S. (123) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 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 reporting 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 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.

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:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
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.

Page 5

 
B.D.S. (123) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 19 (2023 - 2).

Page 6

 
B.D.S. (123) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Delivery van
Fixtures and fittings
Total

£
£
£



Cost or valuation


Additions
6,882
57,543
64,425



At 31 March 2024

6,882
57,543
64,425



Depreciation


Charge for the year on owned assets
6,365
49,551
55,916



At 31 March 2024

6,365
49,551
55,916



Net book value



At 31 March 2024
517
7,992
8,509



At 31 March 2023
-
-
-


5.


Debtors

2024
2023
£
£


Trade debtors
219,231
-

VAT repayable
47,562
-

Rent deposit
5,300
-

Prepayments and accrued income
5,747
-

277,840
-


Page 7

 
B.D.S. (123) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
164,636
-

Amounts owed to parent company
132,927
49,900

Corporation tax
60,076
-

Other taxation and social security
2,650
-

Directors' loan account
29,041
-

Pension payable
1,318
-

Wages and Salaries
17,212
-

407,860
49,900



7.


Controlling party

The company is a 100% subsidiary of BDS Pharmacy (UK) Limited, a company incorporated in the United Kingdom.

 
Page 8