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B and S Networks Limited
Registered Number:08858393
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
B and S Networks Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08858393
As at 31 January 2024
B and S Networks Limited
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
Inventories
2,500
-
3
7,558
Cash and cash equivalents
2,280
2,280
10,058
Trade and other payables: amounts falling due within one
year
(66,624)
(67,791)
4
(56,566)
(65,511)
Net current liabilities
Total assets less current liabilities
(65,511)
(56,566)
Trade and other payables: amounts falling due after more
than one year
(36,662)
(26,262)
5
(91,773)
Net liabilities
(93,228)
Capital and reserves
Called up share capital
100
100
Retained earnings
(91,873)
(93,328)
(91,773)
(93,228)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Richard Rogers Director
These financial statements were approved and authorised for issue by the Board on 07 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2024
B and S Networks Limited
Notes to the Financial Statements
Statutory Information
B and S Networks Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08858393.
Principal place of business:
75 Celandine Drive
St Leonards on Sea
East Sussex
TN38 0GB
Registered address:
2-6 Sedlescombe Road North
St. Leonards-On-Sea
East Sussex
TN37 7DG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33 Straight line
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 January 2024
B and S Networks Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 February 2023
1,716
At 31 January 2024
1,716
Provision for depreciation and impairment
At 01 February 2023
1,716
At 31 January 2024
1,716
At 31 January 2024
Net book value
-
At 31 January 2023
-
3. Inventories
2023
2024
£
£
Stocks
-
2,500
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
25,066
26,306
Taxation and social security
23,055
23,918
Other creditors
19,670
16,400
67,791
66,624
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
26,262
36,662
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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