BPEC Certification Limited - Accounts to registrar (filleted) - small 23.1.5
BPEC Certification Limited - Accounts to registrar (filleted) - small 23.1.5
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 December 2022 |
| for |
| BPEC Certification Limited |
| BPEC Certification Limited (Registered number: 03323774) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BPEC Certification Limited |
| Company Information |
| for the Year Ended 31 December 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| Chartered Accountants |
| The Mills |
| Canal Street |
| Derby |
| DE1 2RJ |
| BPEC Certification Limited (Registered number: 03323774) |
| Balance Sheet |
| 31 December 2022 |
| 2022 | 2021 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BPEC Certification Limited (Registered number: 03323774) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2022 |
| 1. | STATUTORY INFORMATION |
| BPEC Certification Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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 provided at the following annual rates in order to write off each asset over its estimated useful life: |
| Office equipment - 33% straight line |
| Computer equipment - 50% straight line |
| Taxation |
| Taxation for the year is comprised of deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Deferred taxation assets and liabilities are not discounted. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| BPEC Certification Limited (Registered number: 03323774) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Gift aid payment to parent charity |
| The company pays taxable profits arising in a reporting period to its parent charity under the gift aid scheme to the extent sufficient reserves and/or cash balances exist. These gift aid payments are recognised as distributions to owners in equity within retained earnings. |
| The company was not legally obligated to make gift aid payments in the reporting period, although the board had indicated its intention to pay any taxable profits to the parent charity subject to reserve and cash balance limitations. Payments are expected to be made within 9 months of the end of the reporting date where applicable. |
| The accounting policy for gift aid payments results in the company recognising a taxation charge when reporting taxable profits for the year. However, the application of the exception under paragraph 29.14A of FRS 102 provides relief in respect of the accounting for the tax charge. This results in a reduced charge for tax in the profit and loss account. This exception is only applicable as it is probable that the gift aid payment will be made by the company to the parent charity within 9 months of the reporting date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Office | Computer |
| equipment | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| and 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| 5. | DEBTORS |
| 2022 | 2021 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| BPEC Certification Limited (Registered number: 03323774) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 5. | DEBTORS - continued |
| 2022 | 2021 |
| £ | £ |
| Amounts falling due after more than one year: |
| Deferred tax asset | - | 57,200 |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans > 1 year |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | RELATED PARTY DISCLOSURES |
| The ultimate parent company is British Plumbing Employers Council (Training) Limited, a charitable company incorporated in England and Wales. It shares its registered address with BPEC Certification Limited as detailed on page 1. The financial statements of the parent can be obtained from Companies House. |
| The related undertaking BPEC Services Limited is owned and controlled by SNIPEF Management Limited, a company which has significant influence over British Plumbing Employers Council (Training) Limited. During the year the company was provided with goods and services and recharged costs totalling £63,227 (2021 - £41,584) from BPEC Services Limited. BPEC Certification Limited provided recharges totalling £912 (2021 - £14,928) to BPEC Services Limited. At the balance sheet date the company was owed £27,209 in other debtors (2021 - £20,942 other debtors) from BPEC Services Limited. |