Company Registration No. 04994599 (England and Wales)
BusinessExplained Limited
Accounts
for the year ended 31 December 2023
BusinessExplained Limited
Accounts
Contents
BusinessExplained Limited
Company Information
for the year ended 31 December 2023
Director
Mr Anthony 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
BusinessExplained Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
6,379
5,171
Creditors: amounts falling due within one year
(11,564)
(13,367)
Net current assets
3,405
1,949
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
BusinessExplained Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
These Financial Statements have been prepared on a "Going Concern" basis, which assumes the company will continue to trade normally for the foreseeable future.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,667
13,367
Taxes and social security
879
-
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).