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Registered number: 10455560
Book Now Software Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Grant-Jones Accountancy Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10455560
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,596 4,179
6,596 4,179
CURRENT ASSETS
Debtors 6 339,489 141,441
Cash at bank and in hand 211,179 244,473
550,668 385,914
Creditors: Amounts Falling Due Within One Year 7 (297,603 ) (177,454 )
NET CURRENT ASSETS (LIABILITIES) 253,065 208,460
TOTAL ASSETS LESS CURRENT LIABILITIES 259,661 212,639
Creditors: Amounts Falling Due After More Than One Year 8 (36,837 ) (52,707 )
NET ASSETS 222,824 159,932
CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium account 19,985 19,985
Profit and Loss Account 202,639 139,747
SHAREHOLDERS' FUNDS 222,824 159,932
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For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Luke Sims
Director
10th April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Book Now Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10455560 . The registered office is 6 Hope Fountain, Camberley, Surrey, GU15 1JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 December 2021. The transition to FRS 102 section 1A Small Entities has not resulted in any material changes to either these financial statements or the comparitive period.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% Reducing balance method
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2022: 19)
20 19
4. Prior Period Adjustment
The accounts have been restated to incorporate the impact of a misclassification of a share consideration of £20,000 incorrectly allocated to loans. This is now correctly refelcted in share premium account as £19,985 with £15 share at nominal value adjusted to directors loan account in the financial statement.
The change has impacted the balance sheet only and there is no implication to profits available for distribution as at 30 November 2023. 
Summary of the prior year accounting impact: 
2022
2022
£
£
Total Assets Less Current Liabilities
212,624
212,639
Creditors: amounts falling due after more than one year
(52,692)
(72,692)
image
image
Net Assets
159,932
image
139,947
image
2022
2022
£
£
Called up share capital
200
200
Share premium
19,985
-
Profit and loss account
139,747
139,747
image
image
Total equity
159,932
image
139,947
image
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 10,473
Additions 4,489
Disposals (2,208 )
As at 30 November 2023 12,754
Depreciation
As at 1 December 2022 6,294
Provided during the period 1,739
Disposals (1,875 )
As at 30 November 2023 6,158
Net Book Value
As at 30 November 2023 6,596
As at 1 December 2022 4,179
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 119,551 136,836
Prepayments and accrued income 6,323 3,605
Other debtors 5,040 1,000
Corporation tax recoverable assets 60,541 -
Amounts owed by group undertakings 148,034 -
339,489 141,441
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 39,387 38,046
Bank loans and overdrafts - 5
Other taxes and social security 27,142 33,699
VAT 24,841 41,620
Net wages 53,488 54,895
Pension 2,349 3,061
Other creditor 15,491 6,128
Accruals and deferred income 134,905 -
297,603 177,454
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,785 35,655
Directors loan account 11,052 17,052
36,837 52,707
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
10. Related Party Transactions
During the year, Book Now Software Limited incurred expenses and income on behalf of Book Now Software Inc., a related party by virtue of common control. 
As at the year end date total balance owed from Book Now Software Inc. was £148,034.15 (2022: Nil).
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