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REGISTERED NUMBER: 03016401 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BYZANTINE OVERSEAS LIMITED

BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BYZANTINE OVERSEAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Ms S L Sinclair





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 03016401 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,002 1,580

CURRENT ASSETS
Debtors 4 24,444 26,752
Cash at bank 2,577 1,071
27,021 27,823
CREDITORS
Amounts falling due within one year 5 28,046 28,619
NET CURRENT LIABILITIES (1,025 ) (796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

977

784

PROVISIONS FOR LIABILITIES 380 300
NET ASSETS 597 484

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 594 481
597 484

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

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

The director acknowledges her 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.

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 director and authorised for issue on 27 October 2023 and were signed by:





Ms S L Sinclair - Director


BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)

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

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)

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

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2022 9,312
Additions 997
At 31 January 2023 10,309
DEPRECIATION
At 1 February 2022 7,732
Charge for year 575
At 31 January 2023 8,307
NET BOOK VALUE
At 31 January 2023 2,002
At 31 January 2022 1,580

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,100 950
Other debtors 6,745 10,087
Directors' loan accounts 15,091 15,207
Prepayments 508 508
24,444 26,752

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,837 1,853
Tax 3,908 5,460
Social security and other taxes 920 1,133
Other creditors 959 1,032
Deferred income 20,422 18,805
Accrued expenses - 336
28,046 28,619

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Ms S L Sinclair
Balance outstanding at start of year 15,207 21,855
Amounts advanced 47,470 49,986
Amounts repaid (47,586 ) (56,634 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,091 15,207

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the benenficial loan interest rate.

BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)

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

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S L Sinclair.

This was by virtue of her 100%, holding of the issued share capital.

8. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. As at the year end the current liabilities exceeded current assets by £1,025.

The validity of this basis depends upon the continued support of the company's director. The director confirms that she will give the required support.