Registration number: 07871791
## BCU UK Trust LTD
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2022
Mr Satraj Suman ACMA 21 Babors Field Bilston Wolverhampton West Midlands WV14 9XS
## **BCU UK Trust LTD**
## **Contents**
|Company Information|1|
|---|---|
|Directors' Report|2|
|Accountants' Report|3|
|Profit and Loss Account|4|
|Statement of Comprehensive Income|5|
|Balance Sheet|6|
|Statement of Changes in Equity|7|
|Notes to the Unaudited Financial Statements|8 to 11|
|iXBRL Detailed Profit and Loss Account|12|
## **BCU UK Trust LTD**
## **Company Information**
## **Directors**
Mr Vijay Kumar Mr Paul Nugent Mr Dimitrios Kamsaris Mrs Veena Kumar
**Registered office** 21 Babors Field Bilston Wolverhampton West Midlands WV14 9XS **Accountants** Mr Satraj Suman ACMA 21 Babors Field Bilston Wolverhampton West Midlands WV14 9XS
Page 1
## **BCU UK Trust LTD**
## **Directors' Report for the Year Ended 31 December 2022**
The directors present their report and the financial statements for the year ended 31 December 2022.
## **Directors of the company**
The directors who held office during the year were as follows:
Mr Vijay Kumar
Mr Dimitrios Kamsaris
Mrs Veena Kumar
The following director was appointed after the year end:
Mr Paul Nugent (appointed 5 June 2023)
## **Principal activity**
The principal activity of the company is Education
## **Small companies provision statement**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the Board on 31 October 2023 and signed on its behalf by:
......................................... Mr Vijay Kumar Director
Page 2
## **Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of BCU UK Trust LTD for the Year Ended 31 December 2022**
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BCU UK Trust LTD for the year ended 31 December 2022 as set out on pages 4 to 11 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 Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/Professionalism/Ethics/
This report is made solely to the Board of Directors of BCU UK Trust LTD, as a body, in accordance with the terms of our engagement letter dated 29 November 2016. Our work has been undertaken solely to prepare for your approval the accounts of BCU UK Trust LTD and state those matters that we have agreed to state to the Board of Directors of BCU UK Trust LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BCU UK Trust LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BCU UK Trust LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BCU UK Trust LTD. You consider that BCU UK Trust LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BCU UK Trust 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 accounts.
......................................
Mr Satraj Suman ACMA 21 Babors Field Bilston Wolverhampton West Midlands WV14 9XS 31 October 2023
Page 3
## **BCU UK Trust LTD**
## **Profit and Loss Account for the Year Ended 31 December 2022**
|**Note**
Turnover
Cost of sales
Gross profit
Administrative expenses
Other operating income
Operating profit
Profit before tax
4
Profit for the financial year
The above results were derived from continuing operations.|**2022**
**£**
126,498
(26,325)
100,173
(89,962)
1,343
11,554
11,554
11,554|**2021**
**£**
106,697
(24,678)|
|---|---|---|
|||82,019
(81,840)
1,110|
|||1,289|
|||1,289|
|||1,289|
||||
The company has no recognised gains or losses for the year other than the results above.
The notes on pages 8 to 11 form an integral part of these financial statements. Page 4
## **BCU UK Trust LTD**
## **Statement of Comprehensive Income for the Year Ended 31 December 2022**
|Profit for the year
Total comprehensive income for the year|**2022**
**£**
11,554
11,554|**2021**
**£**
1,289|
|---|---|---|
|||1,289|
The notes on pages 8 to 11 form an integral part of these financial statements. Page 5
## **BCU UK Trust LTD**
## **(Registration number: 07871791) Balance Sheet as at 31 December 2022**
|**Note**
**Fixed assets**
Tangible assets
5
**Current assets**
Debtors
6
Cash at bank and in hand
**Total assets less current liabilities**
**Creditors**: Amounts falling due after more than one year
7
**Net assets**
**Capital and reserves**
Called up share capital
8
Retained earnings
Shareholders' funds|**2022**
**£**
34,730
179,553
750
180,303
215,033
(82,253)
132,780
10
132,770
132,780|**2021**
**£**
35,229
174,155
306|
|---|---|---|
|||174,461|
|||209,690
(88,464)|
|||121,226|
|||10
121,216|
|||121,226|
For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the Board on 31 October 2023 and signed on its behalf by:
......................................... Mr Vijay Kumar Director
The notes on pages 8 to 11 form an integral part of these financial statements. Page 6
## **BCU UK Trust LTD**
## **Statement of Changes in Equity for the Year Ended 31 December 2022**
|At 1 January 2022
Profit for the year
At 31 December 2022
At 1 January 2021
Profit for the year
At 31 December 2021|**Share capital**
**£**
10
-
10
**Share capital**
**£**
10
-
10|**Retained**
**earnings**
**£**
121,216
11,554
132,770
**Retained**
**earnings**
**£**
119,927
1,289
121,216|**Total**
**£**
121,226|
|---|---|---|---|
||||11,554|
||||132,780|
||||**Total**
**£**
119,937|
||||1,289|
||||121,226|
The notes on pages 8 to 11 form an integral part of these financial statements. Page 7
## **BCU UK Trust LTD**
## **Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022**
## **1 General information**
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is: 21 Babors Field Bilston Wolverhampton West Midlands WV14 9XS England
These financial statements were authorised for issue by the Board on 31 October 2023.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
## **Basis of preparation**
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
## **Going concern**
The financial statements have been prepared on a going concern basis.
## **Revenue recognition**
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
## **Tangible assets**
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Page 8
## **BCU UK Trust LTD**
## **Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022**
## **Depreciation**
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
**Asset class Depreciation method and rate** Furniture and Fittings 20% Reducing Balance Land and Buildings 0% Reducing Balance
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Share capital**
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
## **3 Staff numbers**
The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 1).
## **4 Profit before tax**
Arrived at after charging/(crediting)
Depreciation expense
|**2022**|**2021**|
|---|---|
|**£**|**£**|
|499|624|
Page 9
## **BCU UK Trust LTD**
## **Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022**
## **5 Tangible assets**
|**Cost or valuation**
At 1 January 2022
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Carrying amount**
At 31 December 2022
At 31 December 2021|**Land and**
**buildings**
**£**
32,733
32,733
-
-
-
32,733
32,733|**Furniture,**
**fittings and**
**equipment**
**£**
3,900
3,900
1,404
499
1,903
1,997
2,496|**Total**
**£**
36,633|
|---|---|---|---|
||||36,633|
||||1,404
499|
||||1,903|
||||34,730|
||||35,229|
Included within the net book value of land and buildings above is £32,733 (2021 - £32,733) in respect of freehold land and buildings.
## **6 Debtors**
|**Current**
Trade debtors
Other debtors|**2022**
**£**
62,392
117,161
179,553|**2021**
**£**
47,392
126,763|
|---|---|---|
|||174,155|
Page 10
## **BCU UK Trust LTD**
## **Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022**
## **7 Creditors**
## **Creditors: amounts falling due after more than one year**
|**Note**
**Due after one year**
Loans and borrowings
9
**8**
**Share capital**
**Allotted, called up and fully paid shares**
**2022**
**No.**
**£**
Ordinary Shares of £1 each
10
10
**9**
**Loans and borrowings**
**Non-current loans and borrowings**
Bank borrowings|**2022**
**£**
**2021**
**£**
82,253
88,464
**2021**
**No.**
**£**
10
10
**2022**
**£**
**2021**
**£**
82,253
88,464|**2021**
**£**
88,464|
|---|---|---|
## **10 Ultimate Controlling Party**
The company is a company limited by guarantee and became registered as a charity with charity registration number 1159500.
Page 11
## **BCU UK Trust LTD**
## **iXBRL Detailed Profit and Loss Account for the Year Ended 31 December 2022**
|Turnover/revenue
Purchase of raw materials and consumables
Vehicle costs
Subcontractor costs
Gross profit
**Distribution costs**
**Administrative expenses**
Audit and accountancy other services
Rent, rates and services costs
Utilities costs
Other repairs and maintenance costs
Depreciation of property, plant and equipment
Legal and professional costs
Bank charges
Insurance costs
Telecommunications
Other costs
**Other operating income**
Other operating income
**Other items**
Profit for the financial year|**2022**
**£**
126,498
(15,424)
(181)
(10,720)
100,173
(741)
(24,170)
(1,923)
(24,853)
(499)
(31,792)
(89)
(5,289)
(586)
(20)
1,343
11,554|**2021**
**£**
106,697
(14,180)
(90)
(10,408)|
|---|---|---|
|||82,019
(720)
(21,618)
(1,509)
(22,228)
(624)
(32,076)
(61)
(2,605)
(390)
(9)
1,110|
|||1,289|
This page does not form part of the statutory financial statements. Page 12