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BPU Financial Solutions Limited

Financial Statements for the Year Ended 30 April 2023






BPU Financial Solutions Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: A L Miller
N Toye
M Knight





REGISTERED OFFICE: Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA





REGISTERED NUMBER: 07792474 (England and Wales)






BPU Financial Solutions Limited (Registered number: 07792474)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,311 -

CURRENT ASSETS
Debtors 4 11,330 20,803
Cash at bank 121,204 99,377
132,534 120,180
CREDITORS
Amounts falling due within one year 5 104,999 101,220
NET CURRENT ASSETS 27,535 18,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,846

18,960

CAPITAL AND RESERVES
Called up share capital 1,667 1,667
Retained earnings 27,179 17,293
SHAREHOLDERS' FUNDS 28,846 18,960

BPU Financial Solutions Limited (Registered number: 07792474)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and Loss Account has not been delivered.

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





A L Miller - Director


BPU Financial Solutions Limited (Registered number: 07792474)

Notes to the Financial Statements
for the Year Ended 30 April 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.

Turnover
Turnover represents the provision of services as independent financial advisors and has been calculated based on the point at which the proposals have been signed off and can be formally submitted.

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 - 20% straight line
Computer equipment - 33% straight line

Taxation
Taxation for the year comprises current and 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.

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.

Pension costs
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.

BPU Financial Solutions Limited (Registered number: 07792474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 330 1,039 1,369
Additions - 1,497 1,497
Disposals - (1,039 ) (1,039 )
At 30 April 2023 330 1,497 1,827
DEPRECIATION
At 1 May 2022 330 1,039 1,369
Charge for year - 186 186
Eliminated on disposal - (1,039 ) (1,039 )
At 30 April 2023 330 186 516
NET BOOK VALUE
At 30 April 2023 - 1,311 1,311
At 30 April 2022 - - -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,080 14,778
Other debtors & prepayments 4,250 6,025
11,330 20,803

BPU Financial Solutions Limited (Registered number: 07792474)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,028 2,143
Amounts owed to group undertakings 54,401 28,810
Taxes & social security costs 26,233 27,751
Other creditors & accruals 23,337 42,516
104,999 101,220