Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity2021falsetruefalse 03646898 2023-04-01 2024-03-31 03646898 2022-04-01 2023-03-31 03646898 2024-03-31 03646898 2023-03-31 03646898 c:CompanySecretary1 2023-04-01 2024-03-31 03646898 c:Director1 2023-04-01 2024-03-31 03646898 c:RegisteredOffice 2023-04-01 2024-03-31 03646898 d:MotorVehicles 2023-04-01 2024-03-31 03646898 d:FurnitureFittings 2023-04-01 2024-03-31 03646898 d:FurnitureFittings 2024-03-31 03646898 d:FurnitureFittings 2023-03-31 03646898 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03646898 d:OfficeEquipment 2023-04-01 2024-03-31 03646898 d:CurrentFinancialInstruments 2024-03-31 03646898 d:CurrentFinancialInstruments 2023-03-31 03646898 d:Non-currentFinancialInstruments 2024-03-31 03646898 d:Non-currentFinancialInstruments 2023-03-31 03646898 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03646898 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03646898 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03646898 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03646898 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 03646898 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03646898 d:ShareCapital 2024-03-31 03646898 d:ShareCapital 2023-03-31 03646898 d:RetainedEarningsAccumulatedLosses 2024-03-31 03646898 d:RetainedEarningsAccumulatedLosses 2023-03-31 03646898 c:FRS102 2023-04-01 2024-03-31 03646898 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03646898 c:FullAccounts 2023-04-01 2024-03-31 03646898 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03646898 2 2023-04-01 2024-03-31 03646898 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03646898 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03646898 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 03646898







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


BIANCO SALE LIMITED






































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BIANCO SALE LIMITED
 


 
COMPANY INFORMATION


Director
A J Sale 




Company secretary
L J Sale



Registered number
03646898



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


BIANCO SALE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 


BIANCO SALE LIMITED
REGISTERED NUMBER:03646898



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,877
36,449

  
32,877
36,449

Current assets
  

Debtors: amounts falling due within one year
 5 
720,210
849,836

Cash at bank and in hand
  
421,579
324,456

  
1,141,789
1,174,292

Creditors: amounts falling due within one year
 7 
(449,280)
(488,369)

Net current assets
  
 
 
692,509
 
 
685,923

Total assets less current liabilities
  
725,386
722,372

Creditors: amounts falling due after more than one year
 8 
(11,667)
(21,667)

Provisions for liabilities
  

Deferred tax
 10 
(8,220)
(9,113)

  
 
 
(8,220)
 
 
(9,113)

Net assets
  
705,499
691,592


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
705,399
691,492

  
705,499
691,592


Page 1

 


BIANCO SALE LIMITED
REGISTERED NUMBER:03646898


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


A J Sale
Director

Date: 22 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


BIANCO SALE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Bianco Sale Limited is a private company limited by shares incorporated in England and Wales. The address of the principle place of business is Courtney House, 62 Jarvis Road, Croydon, Surrey, CR2 6HU.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


BIANCO SALE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% on a straight line basis per annum
Fixtures and fittings
-
25% on a straight line basis per annum
Office equipment
-
25% on a straight line basis per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


BIANCO SALE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 -21).

Page 5

 


BIANCO SALE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery etc.

£



Cost or valuation


At 1 April 2023
124,567


Additions
9,981


Disposals
(65,899)



At 31 March 2024

68,649



Depreciation


At 1 April 2023
88,118


Charge for the year on owned assets
13,553


Disposals
(65,899)



At 31 March 2024

35,772



Net book value



At 31 March 2024
32,877



At 31 March 2023
36,449


5.


Debtors

2024
2023
£
£


Trade debtors
233,628
258,367

Other debtors
354,366
341,383

Prepayments and accrued income
132,216
250,086

720,210
849,836


Page 6

 


BIANCO SALE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Transactions with directors

Included within other debtors are the following advances and credits to directors which subsisted during the year ended 31 March 2024 and the year ended 31 March 2023.

2024
2023
£
£
Balance Outstanding at the start of year

284,579

214,144
 
Amount advanced

423,249

470,435
 
Amount repaid

(400,000)

(400,000)
 
307,828

284,579
 

Interest is not being charged on this loan. The loan is repayable on demand.


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
141,509
205,117

Corporation tax
136,675
112,260

Other taxation and social security
146,280
149,489

Other creditors
5,816
5,503

Accruals and deferred income
9,000
6,000

449,280
488,369



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,667
21,667

11,667
21,667


Page 7

 


BIANCO SALE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000


Amounts falling due 2-5 years

Bank loans
11,667
21,667


11,667
21,667


21,667
31,667



10.


Deferred taxation




2024


£






At beginning of year
(9,113)


Charged to the profit or loss
893



At end of year
(8,220)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,220)
(9,113)

(8,220)
(9,113)

 
Page 8