Company Registration No. 09964696 (England and Wales)
Independent BIA Limited
Unaudited accounts
for the year ended 31 January 2024
Independent BIA Limited
Unaudited accounts
Contents
Independent BIA Limited
Company Information
for the year ended 31 January 2024
Directors
Rachel Croft
Danny Goldberger
Company Number
09964696 (England and Wales)
Registered Office
255 Burntwood Lane
London
SW17 0AW
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
Independent BIA Limited
Statement of financial position
as at 31 January 2024
Tangible assets
2,411
2,857
Cash at bank and in hand
3,811
6,562
Creditors: amounts falling due within one year
(5,462)
(8,708)
Net current liabilities
(1,651)
(2,146)
Total assets less current liabilities
760
711
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
81
40
Shareholders' funds
181
140
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
Rachel Croft
Director
Company Registration No. 09964696
Independent BIA Limited
Notes to the Accounts
for the year ended 31 January 2024
Independent BIA Limited is a private company, limited by shares, registered in England and Wales, registration number 09964696. The registered office is 255 Burntwood Lane, London, SW17 0AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Independent BIA Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
1,858
3,017
4,875
At 31 January 2024
1,858
4,415
6,273
At 1 February 2023
744
1,274
2,018
Charge for the year
372
1,472
1,844
At 31 January 2024
1,116
2,746
3,862
At 31 January 2024
742
1,669
2,411
At 31 January 2023
1,114
1,743
2,857
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,525
9,973
Loans from directors
(7,323)
(2,838)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Operating lease commitments
2024
2023
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,819
-
Later than one year and not later than five years
11,139
-
At the year end the Directors owed the company £7,323 (20223 £2,838).
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Average number of employees
During the year the average number of employees was 1 (2023: 0).