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REGISTERED NUMBER: 06918722 (England and Wales)
















Financial Statements for the Year Ended 31 May 2023

for

Business Rhythms Ltd

Business Rhythms Ltd (Registered number: 06918722)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Business Rhythms Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr S Johnson





REGISTERED OFFICE: Unit 5e
Top Barn Business Centre
Worcester Road
Holt Heath
Worcestershire
WR6 6NH





REGISTERED NUMBER: 06918722 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Business Rhythms Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Business Rhythms Ltd for the year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Business Rhythms Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Business Rhythms Ltd and state those matters that we have agreed to state to the director of Business Rhythms Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Business Rhythms Ltd and its director for our work or for this report.

It is your duty to ensure that Business Rhythms Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Business Rhythms Ltd. You consider that Business Rhythms Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Business Rhythms Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

Business Rhythms Ltd (Registered number: 06918722)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,080 3,104

CURRENT ASSETS
Stocks 17,273 17,273
Debtors 6 31,293 26,695
Cash at bank 26,508 36,731
75,074 80,699
CREDITORS
Amounts falling due within one year 7 (66,204 ) (67,685 )
NET CURRENT ASSETS 8,870 13,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,950

16,118

CREDITORS
Amounts falling due after more than one
year

8

(10,376

)

(15,373

)

PROVISIONS FOR LIABILITIES (395 ) (287 )
NET ASSETS 179 458

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79 358
SHAREHOLDERS' FUNDS 179 458

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 Rhythms Ltd (Registered number: 06918722)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 December 2023 and were signed by:





Mr S Johnson - Director


Business Rhythms Ltd (Registered number: 06918722)

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

1. STATUTORY INFORMATION

Business Rhythms 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.

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 at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Business Rhythms Ltd (Registered number: 06918722)

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

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 4,934
DEPRECIATION
At 1 June 2022 1,830
Charge for year 1,024
At 31 May 2023 2,854
NET BOOK VALUE
At 31 May 2023 2,080
At 31 May 2022 3,104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 27,523 23,325
Other debtors 370 370
Director's loan account 3,400 3,000
31,293 26,695

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 4,997 4,874
Trade creditors - 17
Tax 45,648 46,905
Social security and other taxes 1,322 1,732
VAT 10,977 10,897
Other creditors 440 440
Accrued expenses 2,820 2,820
66,204 67,685

Business Rhythms Ltd (Registered number: 06918722)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 5,123 4,997
Bank loans - 2-5 years 5,253 10,376
10,376 15,373

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st May 2023 there was a loan balance of £3,400 owing from the Director to the Company. The loan is repayable within 9 months of the year end and interest has not been charged.