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REGISTERED NUMBER: 08931416 (England and Wales)











Business In Mind Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Business In Mind Limited (Registered number: 08931416)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Business In Mind Limited

Company Information
for the Year Ended 31 May 2023







Director: C W Bird





Registered office: 36 Fountains Road
Cheadle Hulme
Cheadle
Cheshire
SK8 7PY





Registered number: 08931416 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Business In Mind Limited (Registered number: 08931416)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
Fixed assets
Tangible assets 4 996 1,328

Current assets
Debtors 5 5,647 15,623
Cash at bank 35,957 38,148
41,604 53,771
Creditors
Amounts falling due within one year 6 (27,870 ) (31,579 )
Net current assets 13,734 22,192
Total assets less current liabilities 14,730 23,520

Creditors
Amounts falling due after more than one
year

7

(9,800

)

(22,200

)
Net assets 4,930 1,320

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 3,930 320
Shareholders' funds 4,930 1,320

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

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

The director acknowledges his 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.

Business In Mind Limited (Registered number: 08931416)

Balance Sheet - continued
31 May 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 director and authorised for issue on 8 November 2023 and were signed by:





C W Bird - Director


Business In Mind Limited (Registered number: 08931416)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. Statutory information

Business In Mind Limited is a private company, limited by shares , 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.

The financial statements have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, 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.
Plant and machinery etc - 25% on reducing balance

Pension costs and other post-retirement benefits
The company does not operate a company pension scheme but makes contributions to a personal pension of the director.
Contributions payable for the year are charged in the profit and loss account.

3. Employees and directors

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

Business In Mind Limited (Registered number: 08931416)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 June 2022
and 31 May 2023 4,670
Depreciation
At 1 June 2022 3,342
Charge for year 332
At 31 May 2023 3,674
Net book value
At 31 May 2023 996
At 31 May 2022 1,328

5. Debtors: amounts falling due within one year
31.5.23 31.5.22
£    £   
Trade debtors 3,300 -
Other debtors 2,347 15,623
5,647 15,623

6. Creditors: amounts falling due within one year
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 4,959 9,751
Taxation and social security 20,137 20,078
Other creditors 2,774 1,750
27,870 31,579

7. Creditors: amounts falling due after more than one year
31.5.23 31.5.22
£    £   
Bank loans 9,800 22,200

Business In Mind Limited (Registered number: 08931416)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. Director's advances, credits and guarantees

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

31.5.23 31.5.22
£    £   
C W Bird
Balance outstanding at start of year 7,727 5,398
Amounts advanced - 7,727
Amounts repaid (7,727 ) (5,398 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,727

The loan is unsecured, interest free and repaid in full.