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REGISTERED NUMBER: 05444298 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2023

for

The Business Centre (Nottingham) Limited

The Business Centre (Nottingham) Limited (Registered number: 05444298)






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

Report of the Accountants 7

The Business Centre (Nottingham) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Miss T Newbold





SECRETARY: Mrs A M Newbold





REGISTERED OFFICE: Gothic House
Barker Gate
Nottingham
NG1 1JU





REGISTERED NUMBER: 05444298 (England and Wales)





ACCOUNTANTS: Aktiv Accounts Limited
14 Dovedale Crescent
Belper
Derbyshire
DE56 1HJ

The Business Centre (Nottingham) Limited (Registered number: 05444298)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 580 171
580 171

CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 37,576 29,107
Cash at bank and in hand 1,441 480
40,017 30,587
CREDITORS
Amounts falling due within one year 8 40,744 36,996
NET CURRENT LIABILITIES (727 ) (6,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(147

)

(6,238

)

CREDITORS
Amounts falling due after more than one
year

9

19,718

22,718
NET LIABILITIES (19,865 ) (28,956 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,965 ) (29,056 )
SHAREHOLDERS' FUNDS (19,865 ) (28,956 )

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 her 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 Business Centre (Nottingham) Limited (Registered number: 05444298)

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 20 February 2024 and were signed by:





Miss T Newbold - Director


The Business Centre (Nottingham) Limited (Registered number: 05444298)

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

1. STATUTORY INFORMATION

The Business Centre (Nottingham) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

The Business Centre (Nottingham) Limited (Registered number: 05444298)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 112,000
AMORTISATION
At 1 June 2022
and 31 May 2023 112,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 833 1,250 3,271 5,354
Additions - - 602 602
At 31 May 2023 833 1,250 3,873 5,956
DEPRECIATION
At 1 June 2022 722 1,217 3,244 5,183
Charge for year 28 8 157 193
At 31 May 2023 750 1,225 3,401 5,376
NET BOOK VALUE
At 31 May 2023 83 25 472 580
At 31 May 2022 111 33 27 171

6. STOCKS
31.5.23 31.5.22
£    £   
Stocks 1,000 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 36,827 29,021
Other debtors 559 (104 )
Prepayments 190 190
37,576 29,107

The Business Centre (Nottingham) Limited (Registered number: 05444298)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 12,157 11,144
Corporation Tax 14,180 12,501
PAYE (1,160 ) (545 )
Pension Control 52 52
VAT 9,644 13,050
Wages Control - (217 )
Directors' loan accounts 4,844 100
Accrued expenses 1,027 911
40,744 36,996

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Directors Loan Account 10,468 10,468
Bounce Back Loan 9,250 12,250
19,718 22,718

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   

11. RELATED PARTY DISCLOSURES

Miss T Newbold operates a loan account and a current account with the company, details of which are given in the notes to the financial statements.

12. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by its director Miss T Newbold by virtue of her 100% share holding of the issued ordinary share capital of the company.

The Business Centre (Nottingham) Limited

Report of the Accountants to the Director of
The Business Centre (Nottingham) Limited

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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages one to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Aktiv Accounts Limited
14 Dovedale Crescent
Belper
Derbyshire
DE56 1HJ


20 February 2024