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REGISTERED NUMBER: 12777443 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Business Finance House Limited

Business Finance House Limited (Registered number: 12777443)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Business Finance House Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: G B Ford
D J Double
M J Allen





REGISTERED OFFICE: First Floor, Unit 3, Evolution
Lakeside Business Village
St Davids Park
Ewloe
CH5 3XP





REGISTERED NUMBER: 12777443 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Business Finance House Limited (Registered number: 12777443)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 1,440 1,560
Tangible assets 5 8,340 9,737
9,780 11,297

CURRENT ASSETS
Debtors 6 22,059 99,111
Cash at bank 75,166 48,237
97,225 147,348
CREDITORS
Amounts falling due within one year 7 (55,715 ) (37,481 )
NET CURRENT ASSETS 41,510 109,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,290

121,164

PROVISIONS FOR LIABILITIES (1,585 ) (1,850 )
NET ASSETS 49,705 119,314

CAPITAL AND RESERVES
Called up share capital 42 42
Retained earnings 49,663 119,272
49,705 119,314

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

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

Business Finance House Limited (Registered number: 12777443)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:




G B Ford - Director D J Double - Director




M J Allen - Director


Business Finance House Limited (Registered number: 12777443)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Business Finance House 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.

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


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.

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.

The franchise fee is amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 4 (2022 - 4 ) .

Business Finance House Limited (Registered number: 12777443)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2023
and 31 December 2023 1,800
AMORTISATION
At 1 January 2023 240
Charge for year 120
At 31 December 2023 360
NET BOOK VALUE
At 31 December 2023 1,440
At 31 December 2022 1,560

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 18,014
Additions 2,711
At 31 December 2023 20,725
DEPRECIATION
At 1 January 2023 8,277
Charge for year 4,108
At 31 December 2023 12,385
NET BOOK VALUE
At 31 December 2023 8,340
At 31 December 2022 9,737

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 2,630 -
Other debtors 19,429 99,111
22,059 99,111

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 438 9,297
Taxation and social security 53,452 26,497
Other creditors 1,825 1,687
55,715 37,481

Business Finance House Limited (Registered number: 12777443)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
G B Ford
Balance outstanding at start of year 27,907 17,423
Amounts advanced 70,139 48,547
Amounts repaid (97,059 ) (38,063 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 987 27,907

M J Allen
Balance outstanding at start of year 25,783 16,337
Amounts advanced 69,296 48,036
Amounts repaid (95,079 ) (38,590 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 25,783

D J Double
Balance outstanding at start of year 27,377 19,863
Amounts advanced 69,313 46,036
Amounts repaid (96,500 ) (38,522 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 190 27,377

D P Quigg
Balance outstanding at start of year - 16,123
Amounts advanced - 10,884
Amounts repaid - (27,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £987 (2022 £27,907) owed from Mr G Ford, a director of the company. No interest is charged on this balance, it is unsecured and repayable on demand.

Included within other debtors is an amount of £190 (2022 £27,377) owed from Mr D Double, a director of the company. No interest is charged on this balance, it is unsecured and repayable on demand.

Included within other creditors is an amount of £628 (debtor in 2022 £25,783) owed to Mr M Allen, a director of the company. No interest is charged on this balance, it is unsecured and repayable on demand.