Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30truefalseNo description of principal activity2023-10-01false1313The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00396923 2023-10-01 2024-09-30 00396923 2022-10-01 2023-09-30 00396923 2024-09-30 00396923 2023-09-30 00396923 c:Director1 2023-10-01 2024-09-30 00396923 d:PlantMachinery 2023-10-01 2024-09-30 00396923 d:PlantMachinery 2024-09-30 00396923 d:PlantMachinery 2023-09-30 00396923 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00396923 d:FurnitureFittings 2023-10-01 2024-09-30 00396923 d:FurnitureFittings 2024-09-30 00396923 d:FurnitureFittings 2023-09-30 00396923 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00396923 d:ComputerEquipment 2023-10-01 2024-09-30 00396923 d:ComputerEquipment 2024-09-30 00396923 d:ComputerEquipment 2023-09-30 00396923 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00396923 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00396923 d:CurrentFinancialInstruments 2024-09-30 00396923 d:CurrentFinancialInstruments 2023-09-30 00396923 d:Non-currentFinancialInstruments 2024-09-30 00396923 d:Non-currentFinancialInstruments 2023-09-30 00396923 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00396923 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00396923 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 00396923 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00396923 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 00396923 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 00396923 d:ShareCapital 2024-09-30 00396923 d:ShareCapital 2023-09-30 00396923 d:CapitalRedemptionReserve 2024-09-30 00396923 d:CapitalRedemptionReserve 2023-09-30 00396923 d:OtherMiscellaneousReserve 2024-09-30 00396923 d:OtherMiscellaneousReserve 2023-09-30 00396923 d:RetainedEarningsAccumulatedLosses 2024-09-30 00396923 d:RetainedEarningsAccumulatedLosses 2023-09-30 00396923 c:FRS102 2023-10-01 2024-09-30 00396923 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00396923 c:FullAccounts 2023-10-01 2024-09-30 00396923 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00396923 2 2023-10-01 2024-09-30 00396923 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 00396923













B J S COMPANY LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024


 
B J S COMPANY LIMITED
REGISTERED NUMBER:00396923


BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
27,293
32,111

  
27,293
32,111

Current assets
  

Stocks
  
147,303
129,413

Debtors: amounts falling due within one year
 5 
213,634
59,889

Cash at bank and in hand
 6 
95,477
263,387

  
456,414
452,689

Creditors: amounts falling due within one year
 7 
(59,941)
(81,576)

Net current assets
  
 
 
396,473
 
 
371,113

Total assets less current liabilities
  
423,766
403,224

Creditors: amounts falling due after more than one year
 8 
(12,000)
(30,000)

Provisions for liabilities
  

Deferred tax
  
(5,186)
(6,101)

  
 
 
(5,186)
 
 
(6,101)

Net assets
  
406,580
367,123


Capital and reserves
  

Called up share capital 
  
1,500
1,500

Capital redemption reserve
  
20
20

Other reserves
  
5,637
5,637

Profit and loss account
  
399,423
359,966

  
406,580
367,123


Page 1


 
B J S COMPANY LIMITED
REGISTERED NUMBER:00396923

    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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: 





R A Lewis
Director

Date: 24 March 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2


 
B J S COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

BJS Company Limited is a limited liability company incorporated in England. The registered office is 65 Bideford Avenue, Perivale, Middlesex, UB6 7PP.

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:

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.

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.
Page 3


 
B J S COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

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:

Plant & machinery
-
15% reducing balance
Fixtures & fittings
-
15% reducing balance
Computer equipment
-
15% 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.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

  
2.5

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

 
2.6

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.

Page 4


 
B J S COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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'.

 
2.11

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.

Page 5


 
B J S COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
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.

 
2.13

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.

 
2.14

Interest income

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

 
2.15

Borrowing costs

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

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6


 
B J S COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.17

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 13).

Page 7


 
B J S COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 October 2023
241,462
41,172
14,825
297,459



At 30 September 2024

241,462
41,172
14,825
297,459



Depreciation


At 1 October 2023
216,345
39,044
9,960
265,349


Charge for the year on owned assets
3,768
319
730
4,817



At 30 September 2024

220,113
39,363
10,690
270,166



Net book value



At 30 September 2024
21,349
1,809
4,135
27,293



At 30 September 2023
25,117
2,128
4,866
32,111


5.


Debtors

2024
2023
£
£


Trade debtors
76,833
49,332

Other debtors
136,801
10,182

Prepayments and accrued income
-
375

213,634
59,889



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
95,477
263,387


Page 8


 
B J S COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Other loans
18,000
18,000

Payments received on account
12,829
-

Trade creditors
14,734
41,975

Other taxation and social security
8,226
8,541

Other creditors
1,452
9,710

Accruals and deferred income
4,700
3,350

59,941
81,576



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,000
30,000



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
18,000
18,000

Amounts falling due 1-2 years

Bank loans
12,000
30,000



30,000
48,000



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 £6,344 (2023 - £6,039). Contributions totalling £1,452 (2023 - £2,441) were payable to the fund at the balance sheet date and are included in creditors.

Page 9


 
B J S COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Related party transactions

Material balances and transactions with related parties arising during the year were as follows:
Balances with related parties:


2024
2023
£
£

R A Lewis loan account
112,568
1,721
D F Lewis loan account
-
5,547

Nature of relationships
R A Lewis is a director and shareholder of the company. 



12.


Controlling party

R A Lewis is the majority shareholder and the controlling party of the company.

 
Page 10