Binary Technologies Limited SC511673 Business and domestic software development false 1 August 2022 SC511673 2022-08-01 2023-07-31 SC511673 2022-07-31 SC511673 2023-07-31 SC511673 2021-08-01 2022-07-31 SC511673 2021-07-31 SC511673 2022-07-31 SC511673 frs102-bus:FRS102 2022-08-01 2023-07-31 SC511673 frs102-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC511673 frs102-bus:FullAccounts 2022-08-01 2023-07-31 SC511673 frs102-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 SC511673 frs102-core:CurrentFinancialInstruments 2023-07-31 SC511673 frs102-core:CurrentFinancialInstruments 2022-07-31 SC511673 frs102-core:Non-currentFinancialInstruments 2023-07-31 SC511673 frs102-core:Non-currentFinancialInstruments 2022-07-31 SC511673 frs102-core:ShareCapital 2023-07-31 SC511673 frs102-core:ShareCapital 2022-07-31 SC511673 frs102-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC511673 frs102-core:RetainedEarningsAccumulatedLosses 2022-07-31 SC511673 frs102-bus:Director1 2022-08-01 2023-07-31 SC511673 frs102-core:OfficeEquipment 2022-08-01 2023-07-31 SC511673 frs102-core:OfficeEquipment 2022-07-31 SC511673 frs102-core:OfficeEquipment 2023-07-31 SC511673 frs102-core:OfficeEquipment 2022-07-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
SC511673
Binary Technologies Limited
Unaudited Accounts
for the year ended
31 July 2023
Binary Technologies Limited
Balance Sheet
as at 31 July 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 6 23,714 30,748
23,714 30,748
Current assets
Debtors 7 23,934 2,316
Cash at bank and in hand 58,357 64,495
82,291 66,811
Creditors: amounts falling due within one year (69,087) (66,345)
Net current assets / (liabilities) 13,204 466
Total assets less current liabilities 36,918 31,214
Creditors: amounts falling due after more than one year (36,355) (18,569)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 563 12,645
Capital and reserves
Called up share capital 1 1
Profit and loss account 562 12,644
Shareholders' funds 563 12,645

Binary Technologies Limited
Balance Sheet
as at 31 July 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr B Robinson

Director


Approved by the board on 20 December 2023

Company Number: SC511673 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

272 Bath Street
Glasgow
G2 4JR
Scotland

Binary Technologies Limited
Notes to the Accounts
for the year ended 31 July 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

Changes in accounting standards, policies and estimates
The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Office equipment 25% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:

2023

2022
£ £
Directors' remuneration 12,492 4,077

3. Taxation
2023 2022
£ £
UK Corporation Tax 3,507 2,992
Tax on profit/(loss) on ordinary activities 3,507 2,992

4. Directors' remuneration
2023 2022
£ £
Total 0 0

5. Employees
2023 2022
Average number of employees during the period 2 2

6. Tangible fixed assets
Office equipment Total
Cost or valuation £ £
At 1 August 2022 43,754 43,754
Additions 677 677
At 31 July 2023 44,431 44,431
Depreciation
At 1 August 2022 13,006 13,006
Charge for the period 7,711 7,711
At 31 July 2023 20,717 20,717
Net book value
At 31 July 2023 23,714 23,714
At 31 July 2022 30,748 30,748

7. Debtors
2023 2022
£ £
Trade debtors 23,934 2,316
23,934 2,316

8. Dividends
2023 2022
£ £
Total dividend payment 20,000 26,780

9. Related party disclosures

During the period of accounts a transaction occurred between this company and a related party, Mr B Robinson. The relationship between the parties is Director. At the balance sheet date the company owed the related party £1,087.


Controlling party
Mr B Robinson is the ultimate controlling party.