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Company Registration No. 04994599 (England and Wales)
BusinessExplained Limited Accounts for the year ended 31 December 2023
BusinessExplained Limited Accounts Contents
Page
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BusinessExplained Limited Company Information for the year ended 31 December 2023
Director
Mr Anthony Erskine
Secretary
Mrs Ann Erskine
Company Number
04994599 (England and Wales)
Registered Office
44 Lodge Lane Halton Runcorn WA7 2AR
Accountants
Tax50 Wigan Investment Centre Waterside Drive Wigan WN3 5BA
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BusinessExplained Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
8,590 
10,145 
Cash at bank and in hand
6,379 
5,171 
14,969 
15,316 
Creditors: amounts falling due within one year
(11,564)
(13,367)
Net current assets
3,405 
1,949 
Net assets
3,405 
1,949 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,403 
1,947 
Shareholders' funds
3,405 
1,949 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 September 2024 and were signed on its behalf by
Mr Anthony Erskine Director Company Registration No. 04994599
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BusinessExplained Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
BusinessExplained Limited is a private company, limited by shares, registered in England and Wales, registration number 04994599. The registered office is 44 Lodge Lane, Halton, Runcorn, WA7 2AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
These Financial Statements have been prepared on a "Going Concern" basis, which assumes the company will continue to trade normally for the foreseeable future.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,852 
1,479 
Other debtors
4,738 
8,666 
8,590 
10,145 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,667 
13,367 
Taxes and social security
879 
- 
Accruals
1,018 
- 
11,564 
13,367 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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