Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-315022The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01falseNo description of principal activity2falsetrue 06327946 2023-08-01 2024-07-31 06327946 2022-08-01 2023-07-31 06327946 2024-07-31 06327946 2023-07-31 06327946 c:Director1 2023-08-01 2024-07-31 06327946 d:Buildings d:ShortLeaseholdAssets 2023-08-01 2024-07-31 06327946 d:Buildings d:ShortLeaseholdAssets 2024-07-31 06327946 d:Buildings d:ShortLeaseholdAssets 2023-07-31 06327946 d:PlantMachinery 2023-08-01 2024-07-31 06327946 d:PlantMachinery 2024-07-31 06327946 d:PlantMachinery 2023-07-31 06327946 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06327946 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 06327946 d:MotorVehicles 2023-08-01 2024-07-31 06327946 d:MotorVehicles 2024-07-31 06327946 d:MotorVehicles 2023-07-31 06327946 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06327946 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 06327946 d:OfficeEquipment 2023-08-01 2024-07-31 06327946 d:OfficeEquipment 2024-07-31 06327946 d:OfficeEquipment 2023-07-31 06327946 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06327946 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 06327946 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06327946 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 06327946 d:CurrentFinancialInstruments 2024-07-31 06327946 d:CurrentFinancialInstruments 2023-07-31 06327946 d:Non-currentFinancialInstruments 2024-07-31 06327946 d:Non-currentFinancialInstruments 2023-07-31 06327946 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 06327946 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 06327946 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 06327946 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 06327946 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 06327946 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 06327946 c:FRS102 2023-08-01 2024-07-31 06327946 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06327946 c:FullAccounts 2023-08-01 2024-07-31 06327946 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06327946 d:WithinOneYear 2024-07-31 06327946 d:WithinOneYear 2023-07-31 06327946 d:BetweenOneFiveYears 2024-07-31 06327946 d:BetweenOneFiveYears 2023-07-31 06327946 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 06327946 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 06327946 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-07-31 06327946 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-31 06327946 d:LeasedAssetsHeldAsLessee 2024-07-31 06327946 d:LeasedAssetsHeldAsLessee 2023-07-31 06327946 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 06327946









BPL (GLOBAL) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
BPL (GLOBAL) LIMITED
REGISTERED NUMBER: 06327946

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
254,170
278,153

  
254,170
278,153

Current assets
  

Stocks
  
3,000
2,500

Debtors: amounts falling due within one year
 5 
63,381
96,997

Cash at bank and in hand
 6 
70,663
57,473

  
137,044
156,970

Creditors: amounts falling due within one year
 7 
(105,085)
(95,977)

Net current assets
  
 
 
31,959
 
 
60,993

Total assets less current liabilities
  
286,129
339,146

  

Creditors: amounts falling due after more than one year
 8 
(123,953)
(152,192)

  
162,176
186,954

Provisions for liabilities
  

Deferred taxation
 10 
(49,707)
(55,440)

  
 
 
(49,707)
 
 
(55,440)

  

Net assets excluding pension asset
  
112,469
131,514

Net assets
  
112,469
131,514


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
112,369
131,414

  
112,469
131,514


Page 1

 
BPL (GLOBAL) LIMITED
REGISTERED NUMBER: 06327946
    
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 16 April 2025.




S White
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

BPL Global Limited is a private company limited by shares and incorporated in England.  Its registered office is Horseferry Bridge, Cirencester Road, Witcombe, Gloucestershire, GL3 4SU..

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

 
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.

Page 3

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Short-term leasehold property
-
10%
Plant and machinery
-
25%
Motor vehicles
-
25%
Office equipment
-
20%

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

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

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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.

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
Page 4

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

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.

 
2.7

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.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.9

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 6

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
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

Borrowing costs

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

 
2.15

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 7

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Short-term leasehold property im-provements
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
-
36,289
346,083
3,657
386,029


Additions
6,691
3,334
37,500
-
47,525



At 31 July 2024

6,691
39,623
383,583
3,657
433,554



Depreciation


At 1 August 2023
-
20,464
84,378
3,034
107,876


Charge for the year on owned assets
502
3,956
15,470
124
20,052


Charge for the year on financed assets
-
-
51,456
-
51,456



At 31 July 2024

502
24,420
151,304
3,158
179,384



Net book value



At 31 July 2024
6,189
15,203
232,279
499
254,170



At 31 July 2023
-
15,825
261,705
623
278,153

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
182,869
205,825

182,869
205,825

Page 8

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
50,700
69,881

Other debtors
2,042
16,192

Prepayments and accrued income
10,639
10,924

63,381
96,997



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
70,663
57,473

70,663
57,473



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
25,215
26,995

Taxation and social security
10,261
1,360

Obligations under finance lease and hire purchase contracts
46,167
42,333

Other creditors
11,257
13,189

Accruals and deferred income
2,185
2,100

105,085
95,977



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,009
19,081

Net obligations under finance leases and hire purchase contracts
114,944
133,111

123,953
152,192


Page 9

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
9,009
10,000


9,009
10,000

Amounts falling due 2-5 years

Bank loans
-
9,081


-
9,081


19,009
29,081


Page 10

 
BPL (GLOBAL) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Deferred taxation




2024


£






At beginning of year
(55,440)


Charged to profit or loss
5,733



At end of year
(49,707)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(49,707)
(55,440)

(49,707)
(55,440)


11.


Commitments under operating leases

At 31 July 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
26,593
33,179

Later than 1 year and not later than 5 years
2,216
24,377

28,809
57,556

 
Page 11