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REGISTERED NUMBER: 06425086 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Business Data Group Limited

Business Data Group Limited (Registered number: 06425086)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Business Data Group Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: R M Osborne
A Eaglestone
B Heald
C M Ping





SECRETARY: R M Osborne





REGISTERED OFFICE: The Shire Barn
Blisworth Hill Business Park
Stoke Road
Blisworth
Northamptonshire
NN7 3DB





REGISTERED NUMBER: 06425086 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Business Data Group Limited (Registered number: 06425086)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 61,895 62,320
Tangible assets 5 14,655 23,779
76,550 86,099

CURRENT ASSETS
Debtors 6 182,291 309,668
Cash at bank and in hand 483,936 484,100
666,227 793,768
CREDITORS
Amounts falling due within one year 7 331,861 244,938
NET CURRENT ASSETS 334,366 548,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,916

634,929

CREDITORS
Amounts falling due after more than one
year

8

90,000

134,461
NET ASSETS 320,916 500,468

CAPITAL AND RESERVES
Called up share capital 11 144 144
Share premium 114,956 114,956
Retained earnings 205,816 385,368
SHAREHOLDERS' FUNDS 320,916 500,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Data Group Limited (Registered number: 06425086)

Balance Sheet - continued
31 December 2023


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 6 September 2024 and were signed on its behalf by:





R M Osborne - Director


Business Data Group Limited (Registered number: 06425086)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Business Data Group 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to 31st December each year.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business intellectual property are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Office equipment - 33% 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.


Business Data Group Limited (Registered number: 06425086)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at undiscounted cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at undiscounted cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023 33,757 44,143 77,900
Additions - 6,814 6,814
At 31 December 2023 33,757 50,957 84,714
AMORTISATION
At 1 January 2023 6,751 8,829 15,580
Charge for year 3,376 3,863 7,239
At 31 December 2023 10,127 12,692 22,819
NET BOOK VALUE
At 31 December 2023 23,630 38,265 61,895
At 31 December 2022 27,006 35,314 62,320

Business Data Group Limited (Registered number: 06425086)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS - continued

The goodwill and intangible assets arose on the acquisition of UK Business Forums on 4th March, 2021.

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 275 66,265 66,540
Additions - 2,265 2,265
At 31 December 2023 275 68,530 68,805
DEPRECIATION
At 1 January 2023 215 42,546 42,761
Charge for year 55 11,334 11,389
At 31 December 2023 270 53,880 54,150
NET BOOK VALUE
At 31 December 2023 5 14,650 14,655
At 31 December 2022 60 23,719 23,779

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 174,057 243,780
Other debtors 8,234 65,888
182,291 309,668

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 35,539
Trade creditors 123,083 148,289
Taxation and social security 82,457 48,398
Other creditors 86,321 12,712
331,861 244,938

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 90,000 134,461

Business Data Group Limited (Registered number: 06425086)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 42,010 43,684
Between one and five years 110,755 151,929
152,765 195,613

10. FINANCIAL RISK MANAGEMENT

The company does not have significant exposure to liquidity, cash flow and interest rate risks due to the nature of its trade. Exposure to foreign currency, credit and market risks arise in the normal course of the company's business. These risks are limited by the company's financial management policies and practices described below.

Foreign currency risk
The company is exposed to foreign currency risk as some of its transactions are invoiced in currencies other than Sterling, although the company mitigates this by transacting where possible in Sterling or using the spot rate available on foreign currencies.

Credit risk
The company has exposure to credit risks predominately emanating from its customers. The company's exposure and it's customers credit worthiness is monitored so that any potential problems are detected at an early stage. The make-up of the entities clients means that credit risk is automatically reduced to an acceptable level.

Market risk
There is a market risk associated with the fluctuation in demand for the services provided by the company. Most of this is mitigated by monitoring the markets to ensure that overheads and costs are tailored to the demand for the services offered.

The company holds no derivative financial instruments at the year end.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
14,400 Ordinary £0.01 144 144