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REGISTERED NUMBER: 05401317 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Business Impact Solutions Limited

Business Impact Solutions Limited (Registered number: 05401317)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Business Impact Solutions Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: S J Dann
Mrs D A Dann





SECRETARY: Mrs D A Dann





REGISTERED OFFICE: 7 Bucketts Farm Close
Swanmore
Southampton
Hampshire
SO32 2NT





REGISTERED NUMBER: 05401317 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Business Impact Solutions Limited (Registered number: 05401317)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 785 1,506

CURRENT ASSETS
Debtors 6 31,716 19,305
Cash at bank 5,984 10,230
37,700 29,535
CREDITORS
Amounts falling due within one year 7 15,801 14,872
NET CURRENT ASSETS 21,899 14,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,684

16,169

PROVISIONS FOR LIABILITIES 149 286
NET ASSETS 22,535 15,883

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,435 15,783
SHAREHOLDERS' FUNDS 22,535 15,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Business Impact Solutions Limited (Registered number: 05401317)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





S J Dann - Director


Business Impact Solutions Limited (Registered number: 05401317)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Business Impact Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer & Office equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Business Impact Solutions Limited (Registered number: 05401317)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Computer
& Office
equipment
£   
COST
At 1 April 2023
and 31 March 2024 15,130
DEPRECIATION
At 1 April 2023 13,624
Charge for year 721
At 31 March 2024 14,345
NET BOOK VALUE
At 31 March 2024 785
At 31 March 2023 1,506

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 30,544 18,596
Prepayments 1,172 709
31,716 19,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 90 66
Tax 3,105 5,078
VAT 9,375 6,978
Other creditors 1,670 1,249
Accrued expenses 1,561 1,501
15,801 14,872