Registered number
09292278
BC Entertainments (UK) Ltd
Filleted Accounts
30 November 2023
BC Entertainments (UK) Ltd
Registered number: 09292278
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 925 755
Current assets
Debtors 4 320 450
Cash at bank and in hand 16,773 11,107
17,093 11,557
Creditors: amounts falling due within one year 5 (3,754) (3,225)
Net current assets 13,339 8,332
Total assets less current liabilities 14,264 9,087
Provisions for liabilities (141) (143)
Net assets 14,123 8,944
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,023 8,844
Shareholders' funds 14,123 8,944
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P C Mayne
Director
Approved by the board on 28 August 2024
BC Entertainments (UK) Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 888
Additions 333
At 30 November 2023 1,221
Depreciation
At 1 December 2022 133
Charge for the year 163
At 30 November 2023 296
Net book value
At 30 November 2023 925
At 30 November 2022 755
4 Debtors 2023 2022
£ £
Trade debtors 320 450
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 872 173
Taxation and social security costs 2,582 2,043
Other creditors 300 1,009
3,754 3,225
6 Related party transactions
There were no funds owing between the company and the directors as at 30th November 2023 and 2022.
7 Other information
BC Entertainments (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
56 Palmerston Street
Plymouth
Devon
PL1 5LJ
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