Silverfin false false 30/04/2024 01/05/2023 30/04/2024 T Binks 04/10/2010 E Prentice 31/05/2023 H Prentice 31/05/2023 I Prentice 04/10/2010 09 August 2024 The principal activity of the company during the year was the provision of consultancy services. 07395040 2024-04-30 07395040 bus:Director1 2024-04-30 07395040 bus:Director2 2024-04-30 07395040 bus:Director3 2024-04-30 07395040 bus:Director4 2024-04-30 07395040 core:CurrentFinancialInstruments 2024-04-30 07395040 core:CurrentFinancialInstruments 2023-04-30 07395040 2023-04-30 07395040 core:ShareCapital 2024-04-30 07395040 core:ShareCapital 2023-04-30 07395040 core:RetainedEarningsAccumulatedLosses 2024-04-30 07395040 core:RetainedEarningsAccumulatedLosses 2023-04-30 07395040 bus:OrdinaryShareClass1 2024-04-30 07395040 2023-05-01 2024-04-30 07395040 bus:FilletedAccounts 2023-05-01 2024-04-30 07395040 bus:SmallEntities 2023-05-01 2024-04-30 07395040 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07395040 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07395040 bus:Director1 2023-05-01 2024-04-30 07395040 bus:Director2 2023-05-01 2024-04-30 07395040 bus:Director3 2023-05-01 2024-04-30 07395040 bus:Director4 2023-05-01 2024-04-30 07395040 2022-05-01 2023-04-30 07395040 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 07395040 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07395040 (England and Wales)

BNX SOUTH WEST LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

BNX SOUTH WEST LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

BNX SOUTH WEST LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
BNX SOUTH WEST LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
2024 2023
£ £
Current assets
Debtors 3 500 0
Cash at bank and in hand 18,072 29,781
18,572 29,781
Creditors: amounts falling due within one year 4 ( 25,359) ( 25,490)
Net current (liabilities)/assets (6,787) 4,291
Total assets less current liabilities (6,787) 4,291
Net (liabilities)/assets ( 6,787) 4,291
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account ( 6,789 ) 4,289
Total shareholders' (deficit)/funds ( 6,787) 4,291

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of BNX South West Ltd (registered number: 07395040) were approved and authorised for issue by the Board of Directors on 09 August 2024. They were signed on its behalf by:

T Binks
Director
BNX SOUTH WEST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
BNX SOUTH WEST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BNX South West Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40 St. James's Square, Bath, BA1 2TU, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents 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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 2

3. Debtors

2024 2023
£ £
Other debtors 500 0

4. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 3,001 2,648
Other taxation and social security 21,824 22,842
Other creditors 534 0
25,359 25,490

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2