2022-09-012023-08-312023-08-31false03415480BUSINESS SOLUTIONS (QUALITY AND TRAINING) 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BUSINESS SOLUTIONS (QUALITY AND TRAINING) LIMITED

Registered Number
03415480
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

BUSINESS SOLUTIONS (QUALITY AND TRAINING) LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

WOODDISSEE, Michael John

Registered Address

The Bimblers
1 Denmark Rise
Diss
IP22 4LG

Registered Number

03415480 (England and Wales)
BUSINESS SOLUTIONS (QUALITY AND TRAINING) LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3243555
243555
Current assets
Debtors485,56365,700
Cash at bank and on hand20,32156,525
105,884122,225
Creditors amounts falling due within one year5(99,150)(99,115)
Net current assets (liabilities)6,73423,110
Total assets less current liabilities6,97723,665
Creditors amounts falling due after one year6(6,709)(10,208)
Provisions for liabilities7(61)(105)
Net assets20713,352
Capital and reserves
Called up share capital22
Profit and loss account20513,350
Shareholders' funds20713,352
The financial statements were approved and authorised for issue by the Director on 28 August 2024, and are signed on its behalf by:
WOODDISSEE, Michael John
Director
Registered Company No. 03415480
BUSINESS SOLUTIONS (QUALITY AND TRAINING) LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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 (as applied to small entities by section 1A of the standard).
Going concern
The director believes that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Revenue from sale of goods
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.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 September 221,2111,211
At 31 August 231,2111,211
Depreciation and impairment
At 01 September 22656656
Charge for year312312
At 31 August 23968968
Net book value
At 31 August 23243243
At 31 August 22555555
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables3,4652,100
Other debtors82,09863,600
Total85,56365,700
Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables60639
Bank borrowings and overdrafts3,5003,500
Taxation and social security94,59093,976
Accrued liabilities and deferred income1,0001,000
Total99,15099,115
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts6,70910,208
Total6,70910,208
The loan is unsecured.
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)61105
Total61105