Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true2023-07-01falsesale and hire of bogmats.55falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09091258 2023-07-01 2024-06-30 09091258 2022-07-01 2023-06-30 09091258 2024-06-30 09091258 2023-06-30 09091258 2022-07-01 09091258 c:Director1 2023-07-01 2024-06-30 09091258 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 09091258 d:Buildings d:ShortLeaseholdAssets 2024-06-30 09091258 d:Buildings d:ShortLeaseholdAssets 2023-06-30 09091258 d:PlantMachinery 2023-07-01 2024-06-30 09091258 d:PlantMachinery 2024-06-30 09091258 d:PlantMachinery 2023-06-30 09091258 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09091258 d:FurnitureFittings 2023-07-01 2024-06-30 09091258 d:FurnitureFittings 2024-06-30 09091258 d:FurnitureFittings 2023-06-30 09091258 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09091258 d:OfficeEquipment 2023-07-01 2024-06-30 09091258 d:OfficeEquipment 2024-06-30 09091258 d:OfficeEquipment 2023-06-30 09091258 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09091258 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 09091258 d:OtherPropertyPlantEquipment 2024-06-30 09091258 d:OtherPropertyPlantEquipment 2023-06-30 09091258 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09091258 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09091258 d:Goodwill 2024-06-30 09091258 d:Goodwill 2023-06-30 09091258 d:CurrentFinancialInstruments 2024-06-30 09091258 d:CurrentFinancialInstruments 2023-06-30 09091258 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09091258 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09091258 d:ShareCapital 2024-06-30 09091258 d:ShareCapital 2023-06-30 09091258 d:ShareCapital 2022-07-01 09091258 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 09091258 d:RetainedEarningsAccumulatedLosses 2024-06-30 09091258 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 09091258 d:RetainedEarningsAccumulatedLosses 2023-06-30 09091258 d:RetainedEarningsAccumulatedLosses 2022-07-01 09091258 c:FRS102 2023-07-01 2024-06-30 09091258 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09091258 c:FullAccounts 2023-07-01 2024-06-30 09091258 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09091258 d:WithinOneYear 2024-06-30 09091258 d:WithinOneYear 2023-06-30 09091258 d:BetweenOneFiveYears 2024-06-30 09091258 d:BetweenOneFiveYears 2023-06-30 09091258 2 2023-07-01 2024-06-30 09091258 4 2023-07-01 2024-06-30 09091258 6 2023-07-01 2024-06-30 09091258 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09091258










BIRKETT BOGMATS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
BIRKETT BOGMATS LIMITED
REGISTERED NUMBER: 09091258

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
60,434
1,834

Investments
 6 
239,000
239,000

  
299,434
240,834

Current assets
  

Stocks
  
912,044
485,471

Debtors: amounts falling due within one year
 7 
565,616
1,443,777

Cash at bank and in hand
 8 
1,073,844
1,787,906

  
2,551,504
3,717,154

Creditors: amounts falling due within one year
 9 
(991,132)
(967,204)

Net current assets
  
 
 
1,560,372
 
 
2,749,950

  

Net assets
  
1,859,806
2,990,784


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,859,804
2,990,782

  
1,859,806
2,990,784


Page 1

 
BIRKETT BOGMATS LIMITED
REGISTERED NUMBER: 09091258
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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: 




Mrs J Watts
Director

Date: 15 November 2024

The notes on pages 4 to 13 form part of these financial statements.

Page 2

 
BIRKETT BOGMATS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 July 2022
2
2,337,769
2,337,771


Comprehensive income for the year

Profit for the year
-
1,373,013
1,373,013


Contributions by and distributions to owners

Dividends: Equity capital
-
(720,000)
(720,000)



At 1 July 2023
2
2,990,782
2,990,784


Comprehensive income for the year

Profit for the year
-
1,089,642
1,089,642


Contributions by and distributions to owners

Dividends: Equity capital
-
(2,220,620)
(2,220,620)


At 30 June 2024
2
1,859,804
1,859,806


The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Birkett Bogmats Limited is a private company, limited by shares, registered in England and Wales within the United Kingdom. The Company's registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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.

Page 5

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.10

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of comprehensive income over its useful economic life.
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

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 6

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.11
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
-
  0% on cost
Plant and machinery
-
20% on cost
Fixtures and fittings
-
20% on cost
Office equipment
-
33% on cost
Buildings
-
20% on cost

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.

 
2.12

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.13

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 balance sheet 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.

 
2.14

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.

 
2.15

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 7

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.16

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.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Page 8

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.17
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.18

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 9

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
17,500



At 30 June 2024

17,500



Amortisation


At 1 July 2023
17,500



At 30 June 2024

17,500



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 10

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Buildings
Total

£
£
£
£
£
£



Cost or valuation


At 1 July 2023
4
26,278
10
8,153
22,267
56,712


Additions
-
35,500
5,544
4,115
17,420
62,579



At 30 June 2024

4
61,778
5,554
12,268
39,687
119,291



Depreciation


At 1 July 2023
-
26,278
-
6,333
22,267
54,878


Charge for the year
-
1,479
122
1,634
744
3,979



At 30 June 2024

-
27,757
122
7,967
23,011
58,857



Net book value



At 30 June 2024
4
34,021
5,432
4,301
16,676
60,434



At 30 June 2023
4
-
10
1,820
-
1,834

Page 11

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 July 2023
239,000



At 30 June 2024
239,000





7.


Debtors

2024
2023
£
£


Trade debtors
534,041
552,475

Other debtors
18,796
887,082

Prepayments and accrued income
12,779
4,220

565,616
1,443,777



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,073,844
1,787,906



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
196,592
193,178

Corporation tax
283,829
355,018

Other taxation and social security
257,825
171,165

Other creditors
228,017
241,453

Accruals and deferred income
24,869
6,390

991,132
967,204


Page 12

 
BIRKETT BOGMATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,153 (2023: £3,247). Contributions totalling £1,396 (2023: £552) were payable to the fund at the balance sheet date and are included in creditors.


11.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
76,466
-

Later than 1 year and not later than 5 years
286,748
-

363,214
-


12.


Controlling party

The ultimate controlling party is Mrs J Watts.

 
Page 13