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REGISTERED NUMBER: 04818441 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BSC ASSOCIATES LTD

BSC ASSOCIATES LTD (REGISTERED NUMBER: 04818441)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BSC ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: B S Collins Esq





REGISTERED OFFICE: 2 Pilgrims Way
Ely
Cambridgeshire
CB6 3DL





REGISTERED NUMBER: 04818441 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

BSC ASSOCIATES LTD (REGISTERED NUMBER: 04818441)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,349 3,018

CURRENT ASSETS
Debtors 6 41,630 35,591
Cash at bank 51,724 36,277
93,354 71,868
CREDITORS
Amounts falling due within one year 7 31,804 29,362
NET CURRENT ASSETS 61,550 42,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,899

45,524

PROVISIONS FOR LIABILITIES 338 574
NET ASSETS 62,561 44,950

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 500 500
Retained earnings 61,561 43,950
SHAREHOLDERS' FUNDS 62,561 44,950

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:





B S Collins Esq - Director


BSC ASSOCIATES LTD (REGISTERED NUMBER: 04818441)

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

1. STATUTORY INFORMATION

BSC Associates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided in order to write off each asset over its estimated useful life at 20 to 50% on a straight line basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Amounts recoverable under contracts
Amounts recoverable under contracts represent the value of services, which, at the balance sheet date, had not yet been invoiced but for which a right to consideration existed.

4. EMPLOYEES AND DIRECTORS

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

BSC ASSOCIATES LTD (REGISTERED NUMBER: 04818441)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 23,467
DEPRECIATION
At 1 April 2022 20,449
Charge for year 1,669
At 31 March 2023 22,118
NET BOOK VALUE
At 31 March 2023 1,349
At 31 March 2022 3,018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,464 24,353
Other debtors 8,166 11,238
41,630 35,591

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 209 47
Taxation and social security 28,042 23,715
Other creditors 3,553 5,600
31,804 29,362

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans - 176

The above loan is related to a asset purchased during the year and is secured against that asset.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
B S Collins Esq
Balance outstanding at start of year (3,125 ) (1,338 )
Amounts advanced 68,886 79,850
Amounts repaid (66,915 ) (81,637 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,154 ) (3,125 )