Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falsefalse2023-06-01Holding and management company22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06464633 2023-06-01 2024-05-31 06464633 2022-06-01 2023-05-31 06464633 2024-05-31 06464633 2023-05-31 06464633 2022-06-01 06464633 c:Director1 2023-06-01 2024-05-31 06464633 d:CurrentFinancialInstruments 2024-05-31 06464633 d:CurrentFinancialInstruments 2023-05-31 06464633 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06464633 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06464633 d:ShareCapital 2024-05-31 06464633 d:ShareCapital 2023-05-31 06464633 d:ShareCapital 2022-06-01 06464633 d:CapitalRedemptionReserve 2024-05-31 06464633 d:CapitalRedemptionReserve 2023-05-31 06464633 d:CapitalRedemptionReserve 2022-06-01 06464633 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 06464633 d:RetainedEarningsAccumulatedLosses 2024-05-31 06464633 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 06464633 d:RetainedEarningsAccumulatedLosses 2023-05-31 06464633 d:RetainedEarningsAccumulatedLosses 2022-06-01 06464633 c:FRS102 2023-06-01 2024-05-31 06464633 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06464633 c:FullAccounts 2023-06-01 2024-05-31 06464633 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06464633 6 2023-06-01 2024-05-31 06464633 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06464633










BROADREACH SERVICES GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
BROADREACH SERVICES GROUP LIMITED
REGISTERED NUMBER: 06464633

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,372,651
1,372,651

  
1,372,651
1,372,651

Current assets
  

Cash at bank and in hand
 5 
25
25

  
25
25

Creditors: amounts falling due within one year
 6 
(922,117)
(919,818)

Net current liabilities
  
 
 
(922,092)
 
 
(919,793)

Total assets less current liabilities
  
450,559
452,858

  

Net assets
  
450,559
452,858


Capital and reserves
  

Called up share capital 
  
9,000
9,000

Capital redemption reserve
  
1,000
1,000

Profit and loss account
  
440,559
442,858

  
450,559
452,858


Page 1

 
BROADREACH SERVICES GROUP LIMITED
REGISTERED NUMBER: 06464633
    
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 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: 




C J Broadley
Director

Date: 20 February 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
BROADREACH SERVICES GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 June 2022
9,000
1,000
445,039
455,039



Profit for the year
-
-
317,659
317,659

Dividends: Equity capital
-
-
(319,840)
(319,840)



At 1 June 2023
9,000
1,000
442,858
452,858



Profit for the year
-
-
327,701
327,701

Dividends: Equity capital
-
-
(330,000)
(330,000)


At 31 May 2024
9,000
1,000
440,559
450,559


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
BROADREACH SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Broadreach Services Group Limited is a private limited company incorporated in the UK and registered in England and Wales, registration number 06464633. The registered office is The Barn, Fordham House Estate, Newmarket Raod, Fordham, Cambridgeshire, CB7 5LL.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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.

 
2.4

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.

 
2.5

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due within the operating cycle fall into this category of financial instruments.

Page 4

 
BROADREACH SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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.

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.
Page 5

 
BROADREACH SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)


 
2.6

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 2 (2023 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
1,372,651



At 31 May 2024
1,372,651





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
25
25


Page 6

 
BROADREACH SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
919,819
919,818

Other creditors
2,298
-

922,117
919,818



7.Other financial commitments

The Company has guaranteed a bank loan of £nil (2023: £411,667), on behalf of a subsidiary company.

 
Page 7