Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-092024-05-312025-05-092025-05-09false2023-06-01falseNo description of principal activityfalsetrue 14039921 2023-06-01 2024-05-31 14039921 2022-04-11 2023-05-31 14039921 2024-05-31 14039921 2023-05-31 14039921 c:Director2 2023-06-01 2024-05-31 14039921 d:OfficeEquipment 2023-06-01 2024-05-31 14039921 d:ComputerEquipment 2023-06-01 2024-05-31 14039921 d:Goodwill 2023-06-01 2024-05-31 14039921 d:CurrentFinancialInstruments 2024-05-31 14039921 d:CurrentFinancialInstruments 2023-05-31 14039921 d:Non-currentFinancialInstruments 2024-05-31 14039921 d:Non-currentFinancialInstruments 2023-05-31 14039921 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14039921 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14039921 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14039921 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 14039921 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 14039921 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 14039921 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 14039921 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 14039921 d:ShareCapital 2024-05-31 14039921 d:ShareCapital 2023-05-31 14039921 d:SharePremium 2024-05-31 14039921 d:SharePremium 2023-05-31 14039921 d:RetainedEarningsAccumulatedLosses 2024-05-31 14039921 d:RetainedEarningsAccumulatedLosses 2023-05-31 14039921 d:RetainedEarningsAccumulatedLosses 2022-04-11 14039921 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 14039921 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 14039921 d:OtherDeferredTax 2024-05-31 14039921 c:FRS102 2023-06-01 2024-05-31 14039921 c:Audited 2023-06-01 2024-05-31 14039921 c:FullAccounts 2023-06-01 2024-05-31 14039921 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14039921 d:Subsidiary1 2023-06-01 2024-05-31 14039921 d:Subsidiary1 1 2023-06-01 2024-05-31 14039921 d:Subsidiary2 2023-06-01 2024-05-31 14039921 d:Subsidiary2 1 2023-06-01 2024-05-31 14039921 d:Subsidiary3 2023-06-01 2024-05-31 14039921 d:Subsidiary3 1 2023-06-01 2024-05-31 14039921 c:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14039921 c:Consolidated 2024-05-31 14039921 c:ConsolidatedGroupCompanyAccounts 2023-06-01 2024-05-31 14039921 2 2023-06-01 2024-05-31 14039921 6 2023-06-01 2024-05-31 14039921 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14039921










BUSINESS SUPPORT EXPERTS LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
BUSINESS SUPPORT EXPERTS LIMITED
REGISTERED NUMBER: 14039921

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
2,548,740
9,930,102

Tangible assets
 5 
77,095
68,832

  
2,625,835
9,998,934

Current assets
  

Debtors: amounts falling due within one year
 7 
879,726
1,121,502

Cash at bank and in hand
 8 
55,664
503,125

  
935,390
1,624,627

Creditors: amounts falling due within one year
 9 
(1,335,546)
(1,394,936)

Net current (liabilities)/assets
  
 
 
(400,156)
 
 
229,691

Total assets less current liabilities
  
2,225,679
10,228,625

Creditors: amounts falling due after more than one year
 10 
(3,013,593)
(3,013,593)

Provisions for liabilities
  

Deferred taxation
 12 
-
(5,314)

  
 
 
-
 
 
(5,314)

Net (liabilities)/assets
  
(787,914)
7,209,718


Capital and reserves
  

Called up share capital 
  
1,250,006
1,250,006

Share premium account
  
6,499,959
6,499,959

Profit and loss account
  
(8,537,879)
(540,247)

Equity attributable to owners of the parent Company
  
(787,914)
7,209,718


Page 1

 
BUSINESS SUPPORT EXPERTS LIMITED
REGISTERED NUMBER: 14039921
    
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

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 consolidated 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 on 9 May 2025.




M. J. M. Joyner
Director

The notes on pages 5 to 18 form part of these financial statements.

Page 2

 
BUSINESS SUPPORT EXPERTS LIMITED
REGISTERED NUMBER: 14039921

COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 6 
5,500,000
13,494,343

  
5,500,000
13,494,343

Current assets
  

Debtors: amounts falling due within one year
 7 
57,537
5

Cash at bank and in hand
 8 
5
5

  
57,542
10

Creditors: amounts falling due within one year
 9 
(3,359,871)
(3,053,744)

Net current liabilities
  
 
 
(3,302,329)
 
 
(3,053,734)

Total assets less current liabilities
  
2,197,671
10,440,609

  

Creditors: amounts falling due after more than one year
 10 
(3,013,593)
(3,013,593)

  

Net (liabilities)/assets
  
(815,922)
7,427,016


Capital and reserves
  

Called up share capital 
  
1,250,006
1,250,006

Share premium account
  
6,499,959
6,499,959

Profit and loss account brought forward
  
(322,949)
-

Loss for the year
  
(8,242,938)
(322,949)

Profit and loss account carried forward
  
(8,565,887)
(322,949)

  
(815,922)
7,427,016


Page 3

 
BUSINESS SUPPORT EXPERTS LIMITED
REGISTERED NUMBER: 14039921
    
COMPANY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated 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 on 9 May 2025.




M. J. M. Joyner
Director

The notes on pages 5 to 18 form part of these financial statements.

Page 4

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Business Support Experts Limited is a private limited company, limited by shares, incorporated and registered in England and Wales. The registered office is Suite 10 Kings Court, Railway Street, Altrincham, WA14 2RD. The company number is 14039921.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The consolidated 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 Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

  
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of financial position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

 
2.3

Going concern

The Company relies on loans from its trading subsidiaries to service its debts. A letter of support has been received from a shareholder confirming that they will continue to support the Group to ensure that the Group can meet its obligations for at least a period of twelve months from the date that these financial statements are approved.  Accordingly, the directors believe it is appropriate to prepare the financial statements on the going concern basis.

Page 5

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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 Group 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.

 
2.5

Operating leases: the Group 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.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

Borrowing costs

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

Page 6

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Statement of financial position. The assets of the plan are held separately from the Group in independently administered funds.

 
2.10

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 reporting date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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 reporting date.


Page 7

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

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 or on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line
Computer equipment
-
33% 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.

Page 8

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.13

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.15

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.

 
2.16

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.

 
2.17

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.

 
2.18

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.

 
2.19

Financial instruments

The Group 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 Group's Statement of financial position when the Group becomes party to the contractual provisions of the instrument.
Page 9

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.19
Financial instruments (continued)


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 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 Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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.

Basic 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 Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies 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.

Page 10

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.19
Financial instruments (continued)

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 instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group 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 Group 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 Group's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023 - 24).

Page 11

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Intangible assets

Group and Company





Computer software
Goodwill
Total

£
£
£



Cost


At 1 June 2023
44,340
11,172,676
11,217,016


Additions
46,946
-
46,946



At 31 May 2024

91,286
11,172,676
11,263,962



Amortisation


At 1 June 2023
29,988
1,256,926
1,286,914


Charge for the year on owned assets
15,495
1,117,268
1,132,763


Impairment charge
-
6,295,545
6,295,545



At 31 May 2024

45,483
8,669,739
8,715,222



Net book value



At 31 May 2024
45,803
2,502,937
2,548,740



At 31 May 2023
14,352
9,915,750
9,930,102



Page 12

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets

Group






Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 June 2023
71,050
69,698
140,748


Additions
15,507
25,750
41,257



At 31 May 2024

86,557
95,448
182,005



Depreciation


At 1 June 2023
39,642
32,274
71,916


Charge for the year on owned assets
16,543
16,451
32,994



At 31 May 2024

56,185
48,725
104,910



Net book value



At 31 May 2024
30,372
46,723
77,095



At 31 May 2023
31,408
37,424
68,832

Page 13

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
13,494,343



At 31 May 2024
13,494,343



Impairment


Charge for the period
7,994,343



At 31 May 2024

7,994,343



Net book value



At 31 May 2024
5,500,000



At 31 May 2023
13,494,343


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

R and D Specialists Limited
Ordinary
100%
Capital Allowance Specialists Limited
Ordinary
100%
Land Remediation Specialists Limited
Ordinary
100%

Page 14

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Debtors

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£


Trade debtors
319,992
205,914
-
-

Other debtors
112,260
3,352
5
5

Prepayments and accrued income
403,455
912,236
-
-

Deferred taxation
44,019
-
57,532
-

879,726
1,121,502
57,537
5



8.


Cash and cash equivalents

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Cash at bank and in hand
55,664
503,125
5
5

Less: bank overdrafts
(947)
(947)
-
-

54,717
502,178
5
5



9.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Bank overdrafts
947
947
-
-

Other loans
753,398
753,398
753,398
753,398

Trade creditors
46,352
17,551
31
31

Amounts owed to group undertakings
-
-
2,422,637
2,176,946

Corporation tax
-
116,897
-
-

Other taxation and social security
209,307
170,151
129,491
69,056

Other creditors
10,774
14,206
-
-

Accruals and deferred income
314,768
321,786
54,314
54,313

1,335,546
1,394,936
3,359,871
3,053,744


Page 15

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Creditors: Amounts falling due after more than one year

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Other loans
3,013,593
3,013,593
3,013,593
3,013,593

3,013,593
3,013,593
3,013,593
3,013,593



11.


Loans


Analysis of the maturity of loans is given below:


Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Amounts falling due within one year

Other loans
753,398
753,398
753,398
753,398


753,398
753,398
753,398
753,398

Amounts falling due 1-2 years

Other loans
753,398
753,398
753,398
753,398


753,398
753,398
753,398
753,398

Amounts falling due 2-5 years

Other loans
2,260,195
2,260,195
2,260,195
2,260,195


2,260,195
2,260,195
2,260,195
2,260,195


3,766,991
3,766,991
3,766,991
3,766,991


Page 16

 
BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

12.


Deferred taxation


Group



2024


£






At beginning of year
(5,314)


Charged to profit or loss
49,333



At end of year
44,019

Company


2024


£






Charged to profit or loss
57,532



At end of year
57,532

Group
Group
Company
2024
2023
2024
£
£
£

Accelerated capital allowances
(18,552)
(16,410)
-

Losses and other deductions
44,941
-
44,941

Short term timing differences
17,630
11,096
12,591

44,019
(5,314)
57,532


13.


Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group  in an independently administered fund. The pension cost charge represents contributions payable by the Group  to the fund and amounted to £97,553 (2023 - £61,529). Contributions totalling £6,154 (2023 - £14,205)  were payable to the fund at the reporting date and are included in creditors.

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BUSINESS SUPPORT EXPERTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

14.


Commitments under operating leases

At 31 May 2024 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:


Group
Group
2024
2023
£
£

Not later than 1 year
12,800
26,500

Later than 1 year and not later than 5 years
5,333
11,042

18,133
37,542


15.


Related party transactions

The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 and has not disclosed transactions with its parent company.


16.


Controlling party

The controlling party of the Company is M. J. M. Joyner and G. R. Liberman.


17.


Auditors' information

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

The audit report was signed on 9 May 2025 by Simon Whalley (Senior statutory auditor) on behalf of Langtons Professional Services Limited.

 
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