Registered number
08901812
Business & Energy Management Solutions Ltd
Accounts
For the Year ended
28 February 2023
Oakensen
Chartered Accountants
Unit 2, Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Business & Energy Management Solutions Ltd
Registered number: 08901812
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,038 4,609
Current assets
Debtors 4 12,277 47,820
Cash at bank and in hand 76,220 39,842
88,497 87,662
Creditors: amounts falling due within one year 5 (11,261) (12,294)
Net current assets 77,236 75,368
Total assets less current liabilities 82,274 79,977
Creditors: amounts falling due after more than one year 6 (1,073) (10,791)
Net assets 81,201 69,186
Capital and reserves
Called up share capital 100 100
Profit and loss account 81,101 69,086
Shareholders' funds 81,201 69,186
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A M Reed
Director
Approved by the board on 24 November 2023
Business & Energy Management Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is recognised when the service is completed.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulated amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 March 2022 11,718
Additions 2,113
At 28 February 2023 13,831
Depreciation
At 1 March 2022 7,109
Charge for the year 1,684
At 28 February 2023 8,793
Net book value
At 28 February 2023 5,038
At 28 February 2022 4,609
4 Debtors 2023 2022
£ £
Trade debtors 8,425 17,159
Other debtors 3,852 30,661
12,277 47,820
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,648 10,991
Other creditors 1,613 1,303
11,261 12,294
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 1,073 10,791
7 Related party transactions
Included in creditors due in more than one year is an amount of £1,073 (2022 - £10,791) due to the directors.
8 Other information
Business & Energy Management Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Sogndal
Shoscombe
Bath
BA2 8LS
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