REGISTERED NUMBER: |
BIVOUAC DATA LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
BIVOUAC DATA LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
BIVOUAC DATA LIMITED (REGISTERED NUMBER: 07020616) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BIVOUAC DATA LIMITED |
Company Information |
for the Year Ended 31 December 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
NP-105, iCentre |
Howard Way |
Newport Pagnell |
Milton Keynes |
Buckinghamshire |
MK16 9PY |
BIVOUAC DATA LIMITED (REGISTERED NUMBER: 07020616) |
Balance Sheet |
31 December 2023 |
31/12/23 | 31/12/22 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
BIVOUAC DATA LIMITED (REGISTERED NUMBER: 07020616) |
Balance Sheet - continued |
31 December 2023 |
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 |
BIVOUAC DATA LIMITED (REGISTERED NUMBER: 07020616) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | Statutory information |
Bivouac Data Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention unless otherwise |
specified within these accounting policies and in accordance with Section 1A of Financial Reporting |
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland |
and the Companies Act 2006. |
The preparation of financial statements in compliance with FRS 102 Section 1A - small entities |
requires the use of certain critical accounting estimates. It also requires management to exercise |
judgement in applying the company's accounting policies. |
The following principal accounting policies have been applied: |
Turnover |
Turnover comprises revenue recognised by the company in respect of consultancy services |
supplied during the year, net of Value Added Tax and trade discounts. Revenue is recognised at the |
point services are provided. |
Intangible assets |
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible |
assets are measured at cost less any accumulated amortisation and any accumulated impairment |
losses. |
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life |
cannot be made, the useful life shall not exceed ten years. |
The estimated useful lives range as follows: |
Software - 3 years |
Financial instruments |
Financial assets including cash at bank are measured initially at transaction price (including |
transaction costs) and subsequently held at cost, less any impairment. |
Financial liabilities and equity are classified according to the substance of the financial instrument’s |
contractual obligations, rather than the financial instrument’s legal form. Financial liabilities |
including other creditors are measured initially at transaction price (including transactions costs) and |
subsequently held at amortised cost. |
BIVOUAC DATA LIMITED (REGISTERED NUMBER: 07020616) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | Accounting policies - continued |
Current and deferred taxation |
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss |
except that a charge attributable to an item of income and expense recognised as other |
comprehensive income or to an item recognised directly in equity is also recognised in other |
comprehensive income or directly in equity respectively. |
The current income tax charge is calculated on the basis of tax rates and laws that have been |
enacted or substantively enacted by the reporting date in the countries where the company operates |
and generates income. |
Deferred tax balances are recognised in respect of all timing differences that have originated but not |
reversed by the reporting date, except that: |
· The recognition of deferred tax assets is limited to the extent that it is probable that they will |
be recovered against the reversal of deferred tax liabilities or other future taxable profits; and |
· Any deferred tax balances are reversed if and when all conditions for retaining associated tax |
allowances have been met. |
Deferred tax balances are not recognised in respect of permanent differences except in respect of |
business combinations, when deferred tax is recognised on the differences between the fair values |
of assets acquired and the future tax deductions available for them and the differences between the |
fair values of liabilities acquired and the amount that will be assessed for tax. Deferred income tax |
is determined based on the rates expected to apply at the date of reversal, using tax rates and laws |
that have been enacted or substantively enacted by the reporting date. |
Foreign currencies |
Functional and presentation currency |
The company's functional and presentation currency is GBP. |
Transactions and balances |
Foreign currency transactions are translated into the entity’s functional currency using the exchange |
rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from |
the settlement of such transactions and from the translation at year-end exchange rates of monetary |
assets and liabilities denominated in foreign currencies are recognised in the Statement of |
Comprehensive Income. |
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are |
presented in the Statement of Comprehensive Income within 'administrative expenses'. |
Valuation of investments |
Investments, which have been classified as fixed asset investments as the company intends to hold |
them on a continuing basis, are stated at historic cost less impairment. |
Judgements in applying accounting policies |
In preparing these financial statements, the directors have made the following judgements: |
· Determine whether there are indicators of impairment of the company’s intangible assets. Factors |
taken into consideration in reaching such a decision include the economic viability and expected |
future financial performance of the asset and where it is a component of a larger cash-generating |
unit, the viability and expected future performance of that unit. |
· Determine whether there are indicators of impairment of the company's fixed asset investment. |
Factors taken into consideration in reaching such |
Going concern |
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. |
BIVOUAC DATA LIMITED (REGISTERED NUMBER: 07020616) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Computer |
software |
£ |
Cost |
At 1 January 2023 |
and 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
5. | Fixed asset investments |
Unlisted |
investments |
£ |
Cost |
Additions |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
6. | Debtors: amounts falling due within one year |
31/12/23 | 31/12/22 |
£ | £ |
Trade debtors |
VAT |
Prepayments and accrued income |
7. | Creditors: amounts falling due within one year |
31/12/23 | 31/12/22 |
£ | £ |
Amounts owed to group undertakings |
Tax |
VAT | - | 13,699 |
Directors' loan accounts | 395,093 | 465,093 |
Accruals and deferred income |