Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.72023-04-11falsetruetruefalse 14792694 2023-04-10 14792694 2023-04-11 2024-04-30 14792694 2022-04-11 2023-04-10 14792694 2024-04-30 14792694 c:Director1 2023-04-11 2024-04-30 14792694 d:CurrentFinancialInstruments 2024-04-30 14792694 c:OrdinaryShareClass1 2023-04-11 2024-04-30 14792694 c:OrdinaryShareClass1 2024-04-30 14792694 c:FRS102 2023-04-11 2024-04-30 14792694 c:AuditExemptWithAccountantsReport 2023-04-11 2024-04-30 14792694 c:FullAccounts 2023-04-11 2024-04-30 14792694 c:PrivateLimitedCompanyLtd 2023-04-11 2024-04-30 14792694 e:PoundSterling 2023-04-11 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14792694










BG23 Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 30 April 2024

 
BG23 Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of BG23 Ltd for the period ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BG23 Ltd for the period ended 30 April 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of BG23 Ltd, as a body, in accordance with the terms of our engagement letter dated 23 September 2023Our work has been undertaken solely to prepare for your approval the financial statements of BG23 Ltd and state those matters that we have agreed to state to the Board of directors of BG23 Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BG23 Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that BG23 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BG23 Ltd. You consider that BG23 Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of BG23 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
4 April 2025
Page 1

 
BG23 Ltd
Registered number: 14792694

Balance sheet
As at 30 April 2024

2024
£


Current assets
132,357

Creditors: amounts falling due within one year
(127,633)

Net current assets
 
 
4,724

Total assets less current liabilities
4,724


Net assets
4,724



Capital and reserves
4,724


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 period 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 by: 




R Hansford
Director
Date: 4 April 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BG23 Ltd
 

 
Notes to the financial statements
For the period ended 30 April 2024

1.


General information

BG23 Ltd (company number: 14792694) is a private company limited by shares and incorporated in England. The address of he company's principal place of business address is Innovation House, Innovation Way, Discovery Park, Sandwich, England, CT13 9FF.

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

 
BG23 Ltd
 

 
Notes to the financial statements
For the period ended 30 April 2024

2.Accounting policies (continued)

 
2.3

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.


 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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

Period ended
30 April
2024
£

Wages and salaries
105,965

Social security costs
3,595

109,560




The average monthly number of employees, including directors, during the period was 7.

Page 4

 
BG23 Ltd
 

 
Notes to the financial statements
For the period ended 30 April 2024

4.


Debtors

2024
£


Trade debtors
79,864

Other debtors
104,907

Prepayments and accrued income
(57,436)

127,335



5.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
169

Corporation tax
85,438

Other taxation and social security
21,368

Other creditors
20,658

127,633



6.


Share capital

2024
£
Allotted, called up and fully paid


8 Ordinary shares of £1.00 each
8





7.


Related party transactions

All related party transactions during the current and prior periods, including key management personnel compensation, were made under nomral market conditions.


8.


Controlling party

The directors considers there to be no ultimate controlling party.

Page 5