BISHOP SYSTEMS LIMITED

Company Registration Number:
02876250 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

BISHOP SYSTEMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

BISHOP SYSTEMS LIMITED

Company Information

for the Period Ended 30 November 2023




Director: William Stephen Atkinson
Registered office: 63
Sea Mills Lane
Bristol
BS9 1DR
Company Registration Number: 02876250 (England and Wales)

BISHOP SYSTEMS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 558 657
Total fixed assets: 558 657
Current assets
Debtors: 5 0 4,601
Cash at bank and in hand: 7,025 1,323
Total current assets: 7,025 5,924
Creditors: amounts falling due within one year: 6 ( 5,314 ) ( 4,248 )
Net current assets (liabilities): 1,711 1,676
Total assets less current liabilities: 2,269 2,333
Total net assets (liabilities): 2,269 2,333

The notes form part of these financial statements

BISHOP SYSTEMS LIMITED

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Revaluation reserve: 7 98 98
Profit and loss account: 2,169 2,233
Shareholders funds: 2,269 2,333

For the year ending 30 November 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 13 August 2024
And Signed On Behalf Of The Board By:

Name: William Stephen Atkinson
Status: Director

The notes form part of these financial statements

BISHOP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts

    Tangible fixed assets depreciation policy

    Depreciation is provided after taking account any grants receivable, at the following annual rate, in order to write off each asset, over its estimated life. Fixtures and Equipment 15% on reducing balance.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted

BISHOP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

BISHOP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

BISHOP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Office equipment Total
Cost £ £
At 01 December 2022 27,112 27,112
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 November 2023 27,112 27,112
Depreciation
At 01 December 2022 26,455 26,455
Charge for year 99 99
On disposals - -
Other adjustments - -
At 30 November 2023 26,554 26,554
Net book value
At 30 November 2023 558 558
At 30 November 2022 657 657

BISHOP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors


2023
£

2022
£
Trade debtors 0 3,886
Other debtors 715
Total 0 4,601

BISHOP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 246
Other creditors 5,068 4,248
Total 5,314 4,248

BISHOP SYSTEMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Revaluation reserve


2023
£
Balance at 01 December 2022 98
Surplus or deficit after revaluation 0
Balance at 30 November 2023 98