ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-03-312021-03-31true2020-04-01falsetruetruetruetruetrueNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02393011 2020-04-01 2021-03-31 02393011 2019-04-01 2020-03-31 02393011 2021-03-31 02393011 2020-03-31 02393011 c:Director2 2020-04-01 2021-03-31 02393011 d:CurrentFinancialInstruments 2021-03-31 02393011 d:CurrentFinancialInstruments 2020-03-31 02393011 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 02393011 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 02393011 d:ShareCapital 2021-03-31 02393011 d:ShareCapital 2020-03-31 02393011 d:RetainedEarningsAccumulatedLosses 2021-03-31 02393011 d:RetainedEarningsAccumulatedLosses 2020-03-31 02393011 c:FRS102 2020-04-01 2021-03-31 02393011 c:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 02393011 c:FullAccounts 2020-04-01 2021-03-31 02393011 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 02393011

BECG INFRASTRUCTURE & ENERGY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021

BECG INFRASTRUCTURE & ENERGY LIMITED

REGISTERED NUMBER: 02393011

BALANCE SHEET

AS AT 31 MARCH 2021

		2021		2020
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	198,330		255,899
Cash at bank and in hand	5	42,382		76,057
		240,712		331,956
Creditors: amounts falling due within one year	6	(40,132)		(137,701)
Net current assets			200,580		194,255

Net assets			200,580		194,255

Capital and reserves
Called up share capital	60	60
Profit and loss account	200,520	194,195
	200,580	194,255

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 year 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 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:

S P Pomeroy

Director

Date: 21 March 2022

The notes on pages 2 to 5 form part of these financial statements.

Page 1

BECG INFRASTRUCTURE & ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1.	General information

BECG Infrastructure & Energy Limited is a private limited company, incorporated and domiciled in England and Wales with registered number 02393011.
The Company's registered office is 8-10 Mansion House Place, London, EC4N 8BJ.
The Company's principal activities are those of a marketing and communications agency.

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 Company's functional and presentational currency is GBP.
The financial statements are rounded to the nearest whole pound Sterling.

The following principal accounting policies have been applied:

2.2

Financial reporting standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Built Environment Communications Group Limited as at 31 March 2021 and these financial statements may be obtained from the registered office.

2.3

Going concern

During the year ended 31 March 2021, the World entered into a global pandemic, COVID-19. The Group to which the Company belongs has traded profitably and has robust net assets. It is the intention of the Directors to cease trading during the year to 31 March 2022 and the Directors have prepared the financial statements on the basis the Company will become a dormant company.

Page 2

BECG INFRASTRUCTURE & ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

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.

2.4

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 only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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.

Page 3

BECG INFRASTRUCTURE & ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

2.8

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.

Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 4).

Debtors

					2021	2020
					£	£


Trade debtors	10,746	255,399
Amounts owed by group undertakings	187,584	-
Prepayments and accrued income	-	500
	198,330	255,899

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

5.	Cash and cash equivalents
		2021	2020
		£	£

	Cash at bank and in hand	42,382	76,057

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	-	47,807
Amounts owed to group undertakings	-	42,512
Corporation tax	1,484	7,383
Other taxation and social security	38,648	39,999
	40,132	137,701

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

Page 4

BECG INFRASTRUCTURE & ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

7.	Related party transactions
	The Company is exempt from disclosing related party transactions with other 100% owned members of the Group headed by Built Environment Communications Group Limited by virtue of FRS 102 section 33.1A.

8.	Controlling party

The Company's immediate parent undertaking is Built Environment Communications Group Limited, a Company registered in England & Wales, by virtue of it holding 100% of the issued share capital of the Company.
Built Environment Communications Group Limited is the parent of both the smallest and largest group for which group accounts including the Company are prepared. Copies of these accounts can be obtained from 8-10 Mansion House Place, London, EC4N 8BJ.

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