Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-01falsePost-secondary non-tertiary education4342falsetrue 09016102 2023-08-01 2024-07-31 09016102 2022-08-01 2023-07-31 09016102 2024-07-31 09016102 2023-07-31 09016102 c:Director2 2023-08-01 2024-07-31 09016102 d:OfficeEquipment 2023-08-01 2024-07-31 09016102 d:OfficeEquipment 2024-07-31 09016102 d:OfficeEquipment 2023-07-31 09016102 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 09016102 d:CurrentFinancialInstruments 2024-07-31 09016102 d:CurrentFinancialInstruments 2023-07-31 09016102 d:Non-currentFinancialInstruments 2024-07-31 09016102 d:Non-currentFinancialInstruments 2023-07-31 09016102 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 09016102 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 09016102 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 09016102 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 09016102 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 09016102 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 09016102 d:ShareCapital 2024-07-31 09016102 d:ShareCapital 2023-07-31 09016102 d:RetainedEarningsAccumulatedLosses 2024-07-31 09016102 d:RetainedEarningsAccumulatedLosses 2023-07-31 09016102 c:FRS102 2023-08-01 2024-07-31 09016102 c:Audited 2023-08-01 2024-07-31 09016102 c:FullAccounts 2023-08-01 2024-07-31 09016102 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09016102 c:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09016102 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 09016102









Bespoke Professional Development and Training Limited









Financial statements

Information for filing with the registrar

For the Year Ended 31 July 2024

 
Bespoke Professional Development and Training Limited
Registered number: 09016102

Balance Sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,393
8,030

Current assets
  

Debtors: amounts falling due within one year
 5 
470,762
427,771

Cash at bank and in hand
 6 
206,965
28,479

  
677,727
456,250

Creditors: amounts falling due within one year
 7 
(397,590)
(314,397)

Net current assets
  
 
 
280,137
 
 
141,853

Total assets less current liabilities
  
285,530
149,883

Creditors: amounts falling due after more than one year
 8 
-
(92,092)

  

Net assets
  
285,530
57,791


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
285,430
57,691

  
285,530
57,791


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 by: 




L A Muscat-Terribile
Director

Date: 26 February 2025

The notes on pages 2 to 9 form part of these financial statements.

Page 1

 
Bespoke Professional Development and Training Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2024

1.


General information

Bespoke Professional Development and Training Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Building 4, Universal Square, Devonshire Street North, Manchester, M12 6JH. The company's registered number is 09016102.
The nature of the company's operation and its principal activity is to provide post-secondary non-tertiary education.

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

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.

 
2.4

Borrowing costs

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

Page 2

 
Bespoke Professional Development and Training Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

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.

Page 3

 
Bespoke Professional Development and Training Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
Straight line over three years

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.
 

Page 4

 
Bespoke Professional Development and Training Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

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 with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

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 instruments 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 5

 
Bespoke Professional Development and Training Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)


2.11
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.

 
2.12

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 43 (2023 -42).

Page 6

 
Bespoke Professional Development and Training Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2023
33,381


Additions
3,113


Disposals
(14,759)



At 31 July 2024

21,735



Depreciation


At 1 August 2023
25,351


Charge for the year
2,840


Disposals
(11,849)



At 31 July 2024

16,342



Net book value



At 31 July 2024
5,393



At 31 July 2023
8,030


5.


Debtors

2024
2023
£
£


Trade debtors
251,308
235,785

Amounts owed by group undertakings
65,654
-

Other debtors
1,936
159,069

Prepayments and accrued income
10,025
32,917

Amounts recoverable on long-term contracts
141,839
-

470,762
427,771


Page 7

 
Bespoke Professional Development and Training Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
206,965
28,479



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
48,517

Trade creditors
55,210
83,021

Amounts owed to group undertakings
18,212
-

Corporation tax
52,785
36,729

Other taxation and social security
39,180
38,760

Other creditors
5,895
-

Accruals and deferred income
226,308
107,370

397,590
314,397



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
92,092



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
48,517

Amounts falling due 1-2 years

Bank loans
-
92,092



-
140,609


The bank loans were repaid in full during the year and there is no remaining liability at the year-end.

Page 8

 
Bespoke Professional Development and Training Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 July 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. Contributions totalling £5,776 (2023 - £4,585) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The immediate parent undertaking is Back 2 Work Holdings Limited, a company registered in England and Wales,
registered number 12875592.
The ultimate parent undertaking is Back 2 Work Group Limited, a company registered in England and Wales,
registered number 12872639. Back 2 Work Group Limited is the parent company for the largest group for which
group accounts are prepared.
The consolidated financial statements of Back 2 Work Group Limited are available to the public and may be
obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, C14 3UZ.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2024 was unqualified.

The audit report was signed on 26 February 2025 by Helen Besant-Roberts (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

 
Page 9