2023-01-01 05636740 2023-12-31 05636740 2023-01-01 2023-12-31 05636740 2022-12-31 05636740 2022-01-01 2022-12-31 05636740 uk-core:WithinOneYear 2022-12-31 05636740 uk-core:WithinOneYear 2023-12-31 05636740 uk-core:ShareCapital 2023-12-31 05636740 uk-core:ShareCapital 2022-12-31 05636740 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05636740 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05636740 uk-bus:Director1 2023-01-01 2023-12-31 05636740 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 05636740 uk-core:WithinOneYear 2023-12-31 05636740 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 05636740 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05636740 uk-bus:FRS102 2023-01-01 2023-12-31 05636740 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05636740 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
BBI Independent Financial Advisers Limited
Registered Number:05636740
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
BBI Independent Financial Advisers Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05636740
As at 31 December 2023
BBI Independent Financial Advisers Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
3,425
2,013
2
3,425
2,013
Current assets
Financial assets
20,000
20,000
3
63,105
Cash and cash equivalents
52,846
72,846
83,105
Trade and other payables: amounts falling due within one
year
(41,932)
(51,226)
4
41,173
21,620
Net current assets
Total assets less current liabilities
25,045
43,186
25,045
Net assets
43,186
Capital and reserves
Called up share capital
200
200
Retained earnings
24,845
42,986
25,045
43,186
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D R Powell Director
These financial statements were approved and authorised for issue by the Board on 24 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
BBI Independent Financial Advisers Limited
Notes to the Financial Statements
Statutory Information
BBI Independent Financial Advisers Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05636740.
Registered address:
28-29 New Road
Kidderminster
Worcestershire
DY10 1AF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Furniture and Fittings
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Cash & Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks,
other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
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5
For the year ended 31 December 2023
BBI Independent Financial Advisers Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 January 2023
12,708
2,394
Additions
At 31 December 2023
15,102
Provision for depreciation and impairment
At 01 January 2023
10,695
Charge for year
982
At 31 December 2023
11,677
At 31 December 2023
Net book value
3,425
At 31 December 2022
2,013
3. Financial instruments at fair value
2022
2023
£
£
Other investments
20,000
20,000
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
2,308
2,021
Taxation and social security
44,039
35,032
Accruals and deferred income
4,700
4,700
Directors' loan accounts
179
179
51,226
41,932
5. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
6. Parent-subsidiary relationship
The ultimate controlling party is Gravitas Holdings UK Limited. The company's parent company is Gravitas Holdings UK Limited, of 28-29 New Road, Kidderminster, Worcestershire, DY10 1AF. This company is incorporated in England & Wales.
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