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REGISTERED NUMBER: 05050419 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

BSN (LONDON) LIMITED

BSN (LONDON) LIMITED (REGISTERED NUMBER: 05050419)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BSN (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr S S Newman
Miss C L Newman
Mr S Lazarus





SECRETARY: Ms O I Maxwell





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 05050419 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

BSN (LONDON) LIMITED (REGISTERED NUMBER: 05050419)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,460 3,882

CURRENT ASSETS
Work in progress 5 9,530 10,780
Debtors 6 41,669 64,815
Cash at bank 8,170 20,069
59,369 95,664
CREDITORS
Amounts falling due within one year 7 (27,516 ) (26,918 )
NET CURRENT ASSETS 31,853 68,746
TOTAL ASSETS LESS CURRENT LIABILITIES 35,313 72,628

PROVISIONS FOR LIABILITIES 8 (865 ) (971 )
NET ASSETS 34,448 71,657

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 34,446 71,655
SHAREHOLDERS' FUNDS 34,448 71,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

BSN (LONDON) LIMITED (REGISTERED NUMBER: 05050419)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr S S Newman - Director


BSN (LONDON) LIMITED (REGISTERED NUMBER: 05050419)

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


1. STATUTORY INFORMATION

BSN (London) 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 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. 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.
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

BSN (LONDON) LIMITED (REGISTERED NUMBER: 05050419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023 15,840
Additions 731
At 31 July 2024 16,571
DEPRECIATION
At 1 August 2023 11,958
Charge for year 1,153
At 31 July 2024 13,111
NET BOOK VALUE
At 31 July 2024 3,460
At 31 July 2023 3,882

5. WORK IN PROGRESS
31.7.24 31.7.23
£    £   
Work-in-progress 9,530 10,780

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 9,960 28,810
Other debtors 31,709 36,005
41,669 64,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 26,216 25,618
Other creditors 1,300 1,300
27,516 26,918

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 865 971

BSN (LONDON) LIMITED (REGISTERED NUMBER: 05050419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 971
Provided during year (106 )
Balance at 31 July 2024 865

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Mr S S Newman
Balance outstanding at start of year 35,005 31,970
Amounts advanced 108,704 139,035
Amounts repaid (112,000 ) (136,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,709 35,005

The loan will be repaid within 9 months of the year ended 31 July 2024.