IRIS Accounts Production v23.2.0.158 03129157 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031291572022-03-31031291572023-03-31031291572022-04-012023-03-31031291572021-03-31031291572021-04-012022-03-31031291572022-03-3103129157ns10:Originalns15:EnglandWales2022-04-012023-03-3103129157ns14:PoundSterlingns10:Original2022-04-012023-03-3103129157ns10:Originalns10:Director12022-04-012023-03-3103129157ns10:Original2022-04-012023-03-3103129157ns10:Original2023-03-3103129157ns10:Originalns10:CompanyLimitedByGuarantee2022-04-012023-03-3103129157ns10:Originalns10:SmallEntities2022-04-012023-03-3103129157ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3103129157ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103129157ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103129157ns10:Originalns10:FullAccounts2022-04-012023-03-3103129157ns10:Originalns10:Director22022-04-012023-03-3103129157ns10:Originalns10:Director32022-04-012023-03-3103129157ns10:Originalns10:Director42022-04-012023-03-3103129157ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103129157ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103129157ns10:Original2022-03-3103129157ns10:Originalns5:CurrentFinancialInstruments2023-03-3103129157ns10:Originalns5:CurrentFinancialInstruments2022-03-3103129157ns10:Originalns5:Non-currentFinancialInstruments2023-03-3103129157ns10:Originalns5:Non-currentFinancialInstruments2022-03-3103129157ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103129157ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103129157ns10:Originalns5:FurnitureFittings2022-04-012023-03-3103129157ns10:Originalns5:ComputerEquipment2022-04-012023-03-3103129157ns10:Original2021-04-012022-03-3103129157ns10:Originalns5:FurnitureFittings2022-03-3103129157ns10:Originalns5:ComputerEquipment2022-03-3103129157ns10:Original2022-03-3103129157ns10:Originalns5:FurnitureFittings2023-03-3103129157ns10:Originalns5:ComputerEquipment2023-03-3103129157ns10:Originalns5:FurnitureFittings2022-03-3103129157ns10:Originalns5:ComputerEquipment2022-03-3103129157ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103129157ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103129157ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3103129157ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-31
REGISTERED NUMBER: 03129157 (England and Wales)















WEST DEVON BUSINESS INFORMATION POINT
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






WEST DEVON BUSINESS INFORMATION POINT
LIMITED (REGISTERED NUMBER: 03129157)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST DEVON BUSINESS INFORMATION POINT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr D S Horne
Mrs C Wright
Mrs A D Gill
Mr J Werb





SECRETARY: Mrs C Wright





REGISTERED OFFICE: 17 The Lakeside
Barton Marina
Barton Turn
Burton
Staffordshire
DE13 8FN





BUSINESS ADDRESS: Okehampton Business Centre
Unit 10
Higher Stockley Mead
Okehampton
Devon
EX20 1FJ





REGISTERED NUMBER: 03129157 (England and Wales)





ACCOUNTANTS: My Business Centre Limited
Jacob's Pool House
11 West Street
Okehampton
Devon
EX20 1HQ

WEST DEVON BUSINESS INFORMATION POINT
LIMITED (REGISTERED NUMBER: 03129157)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,064 1,798

CURRENT ASSETS
Debtors 5 132,156 139,421
Cash at bank and in hand 153,360 248,761
285,516 388,182
CREDITORS
Amounts falling due within one year 6 87,779 168,667
NET CURRENT ASSETS 197,737 219,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,801

221,313

CREDITORS
Amounts falling due after more than one
year

7

(38,027

)

(43,283

)

PROVISIONS FOR LIABILITIES (372 ) (131 )
NET ASSETS 162,402 177,899

RESERVES
Retained earnings 162,402 177,899
162,402 177,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WEST DEVON BUSINESS INFORMATION POINT
LIMITED (REGISTERED NUMBER: 03129157)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by:





Mrs A D Gill - Director


WEST DEVON BUSINESS INFORMATION POINT
LIMITED (REGISTERED NUMBER: 03129157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

West Devon Business Information Point Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Company status
The company is limited by guarantee. Should the company be wound up, the liability of the guarantors is limited to a sum not exceeding £1 each.

WEST DEVON BUSINESS INFORMATION POINT
LIMITED (REGISTERED NUMBER: 03129157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 14,493 7,923 22,416
Additions 225 3,217 3,442
Disposals - (1,100 ) (1,100 )
At 31 March 2023 14,718 10,040 24,758
DEPRECIATION
At 1 April 2022 14,493 6,125 20,618
Charge for year 23 2,145 2,168
Eliminated on disposal - (1,092 ) (1,092 )
At 31 March 2023 14,516 7,178 21,694
NET BOOK VALUE
At 31 March 2023 202 2,862 3,064
At 31 March 2022 - 1,798 1,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,906 138,704
Accrued income 73,252 -
Prepayments 998 717
132,156 139,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 5,189 5,059
Trade creditors 12,797 41,750
Tax - 39,887
Social security and other taxes 12,979 10,385
VAT 52,717 68,343
Other creditors 57 -
Accrued expenses 4,040 3,243
87,779 168,667

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans > 1 year 38,027 43,283