Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31false8true2023-06-01falseNo description of principal activity8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI045850 2023-06-01 2024-05-31 NI045850 2022-06-01 2023-05-31 NI045850 2024-05-31 NI045850 2023-05-31 NI045850 c:Director1 2023-06-01 2024-05-31 NI045850 d:Buildings 2023-06-01 2024-05-31 NI045850 d:Buildings 2024-05-31 NI045850 d:Buildings 2023-05-31 NI045850 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 NI045850 d:PlantMachinery 2023-06-01 2024-05-31 NI045850 d:PlantMachinery 2024-05-31 NI045850 d:PlantMachinery 2023-05-31 NI045850 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 NI045850 d:MotorVehicles 2023-06-01 2024-05-31 NI045850 d:MotorVehicles 2024-05-31 NI045850 d:MotorVehicles 2023-05-31 NI045850 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 NI045850 d:FurnitureFittings 2023-06-01 2024-05-31 NI045850 d:FurnitureFittings 2024-05-31 NI045850 d:FurnitureFittings 2023-05-31 NI045850 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 NI045850 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 NI045850 d:CurrentFinancialInstruments 2024-05-31 NI045850 d:CurrentFinancialInstruments 2023-05-31 NI045850 d:Non-currentFinancialInstruments 2024-05-31 NI045850 d:Non-currentFinancialInstruments 2023-05-31 NI045850 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 NI045850 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 NI045850 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 NI045850 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 NI045850 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 NI045850 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 NI045850 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 NI045850 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 NI045850 d:ShareCapital 2024-05-31 NI045850 d:ShareCapital 2023-05-31 NI045850 d:RetainedEarningsAccumulatedLosses 2024-05-31 NI045850 d:RetainedEarningsAccumulatedLosses 2023-05-31 NI045850 c:FRS102 2023-06-01 2024-05-31 NI045850 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 NI045850 c:FullAccounts 2023-06-01 2024-05-31 NI045850 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI045850 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 NI045850 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 NI045850 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 NI045850 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 NI045850 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 NI045850 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 NI045850 2 2023-06-01 2024-05-31 NI045850 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: NI045850










Belfast Skills Development Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 May 2024

 
Belfast Skills Development Limited
Registered number: NI045850

Balance Sheet
As at 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
737,098
739,133

  
737,098
739,133

Current assets
  

Debtors: amounts falling due within one year
 5 
112,935
134,135

Cash at bank and in hand
  
296,467
254,952

  
409,402
389,087

Creditors: amounts falling due within one year
 6 
(305,161)
(298,734)

Net current assets
  
 
 
104,241
 
 
90,353

Total assets less current liabilities
  
841,339
829,486

Creditors: amounts falling due after more than one year
 7 
(66,380)
(61,112)

Provisions for liabilities
  

Deferred tax
 10 
(65,353)
(61,903)

  
 
 
(65,353)
 
 
(61,903)

Net assets
  
709,606
706,471


Capital and reserves
  

Called up share capital 
  
125,621
125,621

Profit and loss account
  
583,985
580,850

  
709,606
706,471

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Belfast Skills Development Limited
Registered number: NI045850

Balance Sheet (continued)
As at 31 May 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 income and retained earnings 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 on 13 February 2025.




Mr Charles Fulton
Director

The notes on pages 3 to 9 form part of these financial statements.

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Page 2

 
Belfast Skills Development Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

1.


General information

Belfast Skills Development Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.
The presentation currency is Sterling. There is no rounding applied to the accounts.

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 directors of Belfast Skills Development Limited have reviewed the appropriateness of the going concern assumption and consider that the Company has sufficient resources to continue trading as an entity for the foreseeable future.
Accordingly, the directors believe that it is appropriate to continue to adopt the going concern basis in preparing the financial statements.

 
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

Interest income

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

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Page 3

 
Belfast Skills Development Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.

 
2.8

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 balance sheet 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 balance sheet 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 balance sheet date.


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Page 4

 
Belfast Skills Development Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

2.Accounting policies (continued)

 
2.9

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, the rates and method are set out below.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

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Belfast Skills Development Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company's accounting policies, management has not made any significant judgments.  There are no key assumptions concerning the future or other key sources of estimation, that have a significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the financial year.


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
692,615
636,430
63,950
165,146
1,558,141


Additions
15,008
90,260
-
1,083
106,351


Disposals
-
(22,500)
-
-
(22,500)



At 31 May 2024

707,623
704,190
63,950
166,229
1,641,992



Depreciation


At 1 June 2023
239,799
398,791
37,413
143,005
819,008


Charge for the year on owned assets
14,152
81,422
6,634
5,806
108,014


Disposals
-
(22,128)
-
-
(22,128)



At 31 May 2024

253,951
458,085
44,047
148,811
904,894



Net book value



At 31 May 2024
453,672
246,105
19,903
17,418
737,098



At 31 May 2023
452,816
237,639
26,537
22,141
739,133

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Page 6

 
Belfast Skills Development Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

5.


Debtors

2024
2023
£
£


Trade debtors
108,279
106,921

Other debtors
32
22,528

Prepayments and accrued income
4,624
4,686

112,935
134,135



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,221
9,975

Trade creditors
32,716
66,504

Corporation tax
20,987
-

Other taxation and social security
15,242
9,785

Obligations under finance lease and hire purchase contracts
26,320
14,132

Other creditors
199,675
198,338

305,161
298,734



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,091
22,244

Net obligations under finance leases and hire purchase contracts
54,289
38,868

66,380
61,112


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Page 7

 
Belfast Skills Development Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,221
9,975


10,221
9,975

Amounts falling due 1-2 years

Bank loans
12,091
10,221


12,091
10,221

Amounts falling due 2-5 years

Bank loans
-
12,024


-
12,024


22,312
32,220



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
26,320
14,132

Between 1-5 years
54,289
38,868

80,609
53,000
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Page 8

 
Belfast Skills Development Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 May 2024

10.


Deferred taxation




2024


£






At beginning of year
(61,903)


Charged to profit or loss
(3,450)



At end of year
(65,353)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(65,353)
(61,903)

(65,353)
(61,903)


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Page 9