Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseIT contractor11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13511452 2023-08-01 2024-07-31 13511452 2022-08-01 2023-07-31 13511452 2024-07-31 13511452 2023-07-31 13511452 c:Director1 2023-08-01 2024-07-31 13511452 d:MotorVehicles 2023-08-01 2024-07-31 13511452 d:MotorVehicles 2024-07-31 13511452 d:MotorVehicles 2023-07-31 13511452 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13511452 d:FurnitureFittings 2023-08-01 2024-07-31 13511452 d:FurnitureFittings 2024-07-31 13511452 d:FurnitureFittings 2023-07-31 13511452 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13511452 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13511452 d:CurrentFinancialInstruments 2024-07-31 13511452 d:CurrentFinancialInstruments 2023-07-31 13511452 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 13511452 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13511452 d:ShareCapital 2024-07-31 13511452 d:ShareCapital 2023-07-31 13511452 d:RetainedEarningsAccumulatedLosses 2024-07-31 13511452 d:RetainedEarningsAccumulatedLosses 2023-07-31 13511452 c:FRS102 2023-08-01 2024-07-31 13511452 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13511452 c:FullAccounts 2023-08-01 2024-07-31 13511452 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13511452 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 13511452









BBSYSTEMS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
BBSYSTEMS LTD
REGISTERED NUMBER: 13511452

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,474
2,670

  
36,474
2,670

Current assets
  

Debtors: amounts falling due within one year
 5 
10,708
1

Cash at bank and in hand
 6 
82,601
138,459

  
93,309
138,460

Creditors: amounts falling due within one year
 7 
(8,236)
(58,328)

Net current assets
  
 
 
85,073
 
 
80,132

Total assets less current liabilities
  
121,547
82,802

  

Net assets
  
121,547
82,802


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
121,537
82,792

  
121,547
82,802


Page 1

 
BBSYSTEMS LTD
REGISTERED NUMBER: 13511452
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The Director considers 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 Director acknowledges his 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 21 February 2025.




................................................
Bhupendra Patel
Director

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

Page 2

 
BBSYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

BBSystems Ltd is a private company, incorporated in England and Wales, limited by its share capital. The principal activity of the Company throughout the year was that of IT consultancy. 

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

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.

 
2.3

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 3

 
BBSYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

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.


 
2.5

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:

Motor vehicles
-
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.

 
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.

 
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.

Page 4

 
BBSYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

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 1 (2023 - 1).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 August 2023
-
4,172
4,172


Additions
45,492
274
45,766



At 31 July 2024

45,492
4,446
49,938



Depreciation


At 1 August 2023
-
1,502
1,502


Charge for the year on owned assets
11,373
589
11,962



At 31 July 2024

11,373
2,091
13,464



Net book value



At 31 July 2024
34,119
2,355
36,474



At 31 July 2023
-
2,670
2,670

Page 5

 
BBSYSTEMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Other debtors
10,708
1

10,708
1



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
82,601
138,459

82,601
138,459



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
6,831
21,768

Other taxation and social security
-
5,839

Other creditors
-
29,998

Accruals and deferred income
1,405
723

8,236
58,328



8.


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 £20,000 (2023 - £Nil) . Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


9.


Controlling party

The Company is controlled by the Director, Bhupendra Patel, by virtue of his shareholding, as described in the Director's report.

 
Page 6