Registered number
03269097
BJS Management Limited
Report and Accounts
31 July 2023
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
BJS Management Limited
Registered number: 03269097
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 964,737 621,413
Cash at bank and in hand 378,374 474,553
1,343,111 1,095,966
Creditors: amounts falling due within one year 4 (1,186,822) (797,905)
Net current assets 156,289 298,061
Net assets 156,289 298,061
Capital and reserves
Called up share capital 910 910
Profit and loss account 155,379 297,151
Shareholders' funds 156,289 298,061
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Beech
Director
Approved by the board on 8 November 2023
BJS Management Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Current asset investments
Investments in subsidiaries, associates and jointly controlled entities are included at fair value. The share of profit or loss from the Lorna Road LLP for its accounting period ending within the accounting period of the company is included in the accounts of that period of the company as a value adjustment.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 327,154 71,835
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,000 70,000
Other debtors 636,583 479,578
964,737 621,413
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 729,000 279,000
Corporation tax 93,916 126,652
Other taxes and social security costs 33,194 41,095
Other creditors 330,712 351,158
1,186,822 797,905
5 Related party transactions
During the financial year the company had transactions with LSGK Accountants Limited, Accountancy 4 Wealth Limited, Accountancy 4 Success Limited, Accountancy 4 Tax Savings Limited and Growth 4 Employment Services Limited, all private companies registered in England & Wales and are companies in which Ian Beech or Jed Eatough are directors. All transactions were carried out on commercial terms.
6 Controlling party
The ultimate holding company is Cannock Ticketing Limited, which is under the control of Ian Beech and family.
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