Company Registration No. 10847320 (England and Wales)
BNA CONSULTING SERVICES LTD
Unaudited accounts
for the year ended 31 July 2023
BNA CONSULTING SERVICES LTD
Unaudited accounts
Contents
BNA CONSULTING SERVICES LTD
Company Information
for the year ended 31 July 2023
Company Number
10847320 (England and Wales)
Registered Office
One Kingdom Street
Paddington Central
London
W2 6BD
BNA CONSULTING SERVICES LTD
Statement of financial position
as at 31 July 2023
Intangible assets
15,000
18,750
Tangible assets
15,757
703
Cash at bank and in hand
49,215
19,278
Creditors: amounts falling due within one year
(65,856)
(37,500)
Net current (liabilities)/assets
(8,670)
25,164
Total assets less current liabilities
22,087
44,617
Creditors: amounts falling due after more than one year
-
(29,578)
Called up share capital
1
1
Profit and loss account
22,086
15,038
Shareholders' funds
22,087
15,039
For the year ending 31 July 2023 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 10 February 2024 and were signed on its behalf by
Nina Bondarenko
Director
Company Registration No. 10847320
BNA CONSULTING SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
BNA CONSULTING SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 10847320. The registered office is One Kingdom Street, Paddington Central, London, W2 6BD.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments.
Basic financial assets, which includes debtors, cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consists a financing transaction, where the transaction is measured at the present valve of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
BNA CONSULTING SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The tax expenses represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further includes items that are never
taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other
BNA CONSULTING SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
-
2,086
2,086
Additions
19,300
1,007
20,307
At 31 July 2023
19,300
3,093
22,393
At 1 August 2022
-
1,383
1,383
Charge for the year
4,825
428
5,253
At 31 July 2023
4,825
1,811
6,636
At 31 July 2023
14,475
1,282
15,757
Amounts falling due within one year
Trade debtors
2,450
43,386
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
24,460
3,159
Taxes and social security
16,523
12,254
Loans from directors
-
860
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
BNA CONSULTING SERVICES LTD
Notes to the Accounts
for the year ended 31 July 2023
10
Transactions with related parties
Included in other debtors at the year end is an amount of £5,521 due from N Bondarenko, a director and shareholder of the company. The amount was paid in full post year end.
11
Average number of employees
During the year the average number of employees was 5 (2022: 5).