Company registration number: 04512177
Unaudited financial statements
for the year ended 31 December 2023
for
B & S Communications Limited
Pages for filing with the Registrar
Company registration number: 04512177
B & S Communications Limited
Balance sheet
as at 31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 16,319 19,388
16,319 19,388
Current assets
Debtors 248,956 251,631
Cash at bank and in hand 327,082 232,211
576,038 483,842
Creditors: amounts falling due within
one year
(254,740) (200,317)
Net current assets 321,298 283,525
Total assets less current liabilities 337,617 302,913
Creditors: Amounts falling due after
more than one year
(24,124) (35,093)
Provisions for liabilities (4,080) (3,684)
NET ASSETS 309,413 264,136
Capital and reserves
Called up share capital 2 2
Profit and loss account 309,411 264,134
TOTAL EQUITY 309,413 264,136
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04512177
B & S Communications Limited
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Ms S Groom, Director
19 September 2024
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B & S Communications Limited
Notes to the financial statements
for the year ended 31 December 2023
1 Company information
The company is registered in England and Wales. Its registered number is 04512177. The company is limited by shares. Its registered office is We Work, Aviation House, 125 Kingsway, London, WC2B 6NH.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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B & S Communications Limited
Notes to the financial statements - continued
for the year ended 31 December 2023
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 15 (2022 - 15).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2023 44,079
Additions 2,158
At 31 December 2023 46,237
Depreciation
At 1 January 2023 24,691
Charge for year 5,227
At 31 December 2023 29,918
Net book value
At 31 December 2023 16,319
At 31 December 2022 19,388
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