Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truefalse2023-02-01No description of principal activity55falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09973011 2023-02-01 2024-01-31 09973011 2022-02-01 2023-01-31 09973011 2024-01-31 09973011 2023-01-31 09973011 c:Director1 2023-02-01 2024-01-31 09973011 d:OfficeEquipment 2023-02-01 2024-01-31 09973011 d:OfficeEquipment 2024-01-31 09973011 d:OfficeEquipment 2023-01-31 09973011 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09973011 d:ComputerEquipment 2023-02-01 2024-01-31 09973011 d:ComputerEquipment 2024-01-31 09973011 d:ComputerEquipment 2023-01-31 09973011 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09973011 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09973011 d:CurrentFinancialInstruments 2024-01-31 09973011 d:CurrentFinancialInstruments 2023-01-31 09973011 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09973011 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09973011 d:ShareCapital 2024-01-31 09973011 d:ShareCapital 2023-01-31 09973011 d:SharePremium 2024-01-31 09973011 d:SharePremium 2023-01-31 09973011 d:RetainedEarningsAccumulatedLosses 2024-01-31 09973011 d:RetainedEarningsAccumulatedLosses 2023-01-31 09973011 c:OrdinaryShareClass1 2023-02-01 2024-01-31 09973011 c:OrdinaryShareClass1 2024-01-31 09973011 c:OrdinaryShareClass1 2023-01-31 09973011 c:OrdinaryShareClass2 2023-02-01 2024-01-31 09973011 c:OrdinaryShareClass2 2024-01-31 09973011 c:OrdinaryShareClass2 2023-01-31 09973011 c:FRS102 2023-02-01 2024-01-31 09973011 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09973011 c:FullAccounts 2023-02-01 2024-01-31 09973011 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09973011 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09973011










BDF ADVISORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
BDF ADVISORS LIMITED
REGISTERED NUMBER: 09973011

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
686
336

  
686
336

Current assets
  

Debtors: amounts falling due within one year
 5 
50,092
74,402

Cash at bank and in hand
 6 
9,819
33,034

  
59,911
107,436

Creditors: amounts falling due within one year
 7 
(128,236)
(135,718)

Net current liabilities
  
 
 
(68,325)
 
 
(28,282)

Total assets less current liabilities
  
(67,639)
(27,946)

  

Net liabilities
  
(67,639)
(27,946)


Capital and reserves
  

Called up share capital 
 8 
1,050
1,050

Share premium account
  
29,950
29,950

Profit and loss account
  
(98,639)
(58,946)

  
(67,639)
(27,946)


Page 1

 
BDF ADVISORS LIMITED
REGISTERED NUMBER: 09973011
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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 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: 




D Bonser
Director

Date: 28 October 2024

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

Page 2

 
BDF ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

BDF Advisors Limited is a private company, limited shares, registered in England and Wales registration number 09973011. The registered office is 10 Queen Street Place, London EC4R 1AG.
The principal activity of the company is that of provision of management consultancy services.

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 a going concern basis on the assumption that the shareholders and other creditors will continue to provide ongoing financial support for the foreseeable future. 

 
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

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 3

 
BDF ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
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:

Office equipment
-
25%
Computer equipment
-
25%

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

  
2.8

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 ordinary shares


3.


Employees




The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 4

 
BDF ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
-
375
375


Additions
90
419
509



At 31 January 2024

90
794
884



Depreciation


At 1 February 2023
-
39
39


Charge for the year on owned assets
13
146
159



At 31 January 2024

13
185
198



Net book value



At 31 January 2024
77
609
686



At 31 January 2023
-
336
336

Page 5

 
BDF ADVISORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
47,742
72,053

Other debtors
1,900
1,899

Prepayments and accrued income
450
450

50,092
74,402



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,819
33,034

9,819
33,034



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
32,231
29,164

Other taxation and social security
19,293
19,317

Accruals and deferred income
76,712
87,237

128,236
135,718



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1 each
1,000
1,000
5050 Ordinary shares of £1 each
50
50

1,050

1,050


 
Page 6