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Company Registration No. SC094490 (Scotland)
Business Partnership Limited Unaudited accounts for the year ended 31 March 2023
Business Partnership Limited Unaudited accounts Contents
Page
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Business Partnership Limited Company Information for the year ended 31 March 2023
Directors
David Forbes Hogg Keith Mcdonald Barbour Ian Logan Young Richard Witney Catriona Margaret Binnie Miller Karen Joy Ritchie George Archibald
Company Number
SC094490 (Scotland)
Registered Office
Moulsdale House 24 Milton Road East Edinburgh EH15 2PP Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Business Partnership Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
629 
2,484 
Investments
100 
100 
729 
2,584 
Current assets
Debtors
70,714 
141,246 
Cash at bank and in hand
267,924 
134,624 
338,638 
275,870 
Creditors: amounts falling due within one year
(193,474)
(160,477)
Net current assets
145,164 
115,393 
Net assets
145,893 
117,977 
Reserves
Profit and loss account
145,893 
117,977 
Members' funds
145,893 
117,977 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2023 and were signed on its behalf by
Karen Joy Ritchie Director Company Registration No. SC094490
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Business Partnership Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Business Partnership Limited is a private company, limited by guarantee, registered in Scotland, registration number SC094490. The registered office is Moulsdale House, 24 Milton Road East , Edinburgh, EH15 2PP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
33% reducing balance
Investments in subsidiaries
Investments in shares are included at cost.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
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Business Partnership Limited Notes to the Accounts for the year ended 31 March 2023
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
8,015 
13,838 
21,853 
At 31 March 2023
8,015 
13,838 
21,853 
Depreciation
At 1 April 2022
8,015 
11,354 
19,369 
Charge for the year
- 
1,855 
1,855 
At 31 March 2023
8,015 
13,209 
21,224 
Net book value
At 31 March 2023
- 
629 
629 
At 31 March 2022
- 
2,484 
2,484 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
100 
Valuation at 31 March 2023
100 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
62,567 
125,395 
Accrued income and prepayments
1,306 
1,187 
Other debtors
6,841 
14,664 
70,714 
141,246 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
42,482 
70,108 
Trade creditors
1,395 
(1,937)
Amounts owed to group undertakings and other participating interests
52,799 
50,431 
Taxes and social security
11,113 
8,633 
Other creditors
1,813 
8,542 
Deferred income
83,872 
24,700 
193,474 
160,477 
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Business Partnership Limited Notes to the Accounts for the year ended 31 March 2023
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 26 (2022: 27).
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