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REGISTERED NUMBER: 05758499 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Business Cost Consultancy Ltd

Business Cost Consultancy Ltd (Registered number: 05758499)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Business Cost Consultancy Ltd

Company Information
for the Year Ended 31 March 2024







Director: D R Thompson





Secretary: H E Thompson





Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB





Registered number: 05758499 (England and Wales)





Accountants: Wilson Sandford Limited
Chartered accountants
85 Church Road
Hove
East Sussex
BN3 2BB

Business Cost Consultancy Ltd (Registered number: 05758499)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Property, plant and equipment 5 348 682
348 682

Current assets
Debtors 6 1,298 1,356
Cash at bank 156,016 121,203
157,314 122,559
Creditors: amounts falling due within
one year

7

101,155

91,576
Net current assets 56,159 30,983
Total assets less current liabilities 56,507 31,665

Capital and reserves
Called up share capital 100 100
Retained earnings 56,407 31,565
Shareholders' funds 56,507 31,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Business Cost Consultancy Ltd (Registered number: 05758499)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





D R Thompson - Director


Business Cost Consultancy Ltd (Registered number: 05758499)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Business Cost Consultancy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of VAT and discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been fully amortised over their estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% per annum of cost

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Business Cost Consultancy Ltd (Registered number: 05758499)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 1 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 April 2023
and 31 March 2024 16,485
Amortisation
At 1 April 2023
and 31 March 2024 16,485
Net book value
At 31 March 2024 -
At 31 March 2023 -

Business Cost Consultancy Ltd (Registered number: 05758499)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. Property, plant and equipment
Plant and
machinery
etc
£   
Cost
At 1 April 2023
and 31 March 2024 1,711
Depreciation
At 1 April 2023 1,029
Charge for year 334
At 31 March 2024 1,363
Net book value
At 31 March 2024 348
At 31 March 2023 682

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 1,298 1,356

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Amounts received in advance 439 2,733
Taxation and social security 25,935 19,808
Other creditors 74,781 69,035
101,155 91,576

8. Related party disclosures

Within creditors is £72,212 (2023 - £66,585) owed to the director .