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REGISTERED NUMBER: 03016401 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BYZANTINE OVERSEAS LIMITED

BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BYZANTINE OVERSEAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Ms S L Sinclair





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 03016401 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,654 2,002

CURRENT ASSETS
Debtors 4 25,458 24,444
Cash at bank 6,480 2,577
31,938 27,021
CREDITORS
Amounts falling due within one year 5 30,071 28,046
NET CURRENT ASSETS/(LIABILITIES) 1,867 (1,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,521

977

PROVISIONS FOR LIABILITIES 414 380
NET ASSETS 3,107 597

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 3,104 594
3,107 597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2024 and were signed by:





Ms S L Sinclair - Director


BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. 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 historical cost convention.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 - 10,309 10,309
Additions 165 - 165
At 31 January 2024 165 10,309 10,474
DEPRECIATION
At 1 February 2023 - 8,307 8,307
Charge for year 12 501 513
At 31 January 2024 12 8,808 8,820
NET BOOK VALUE
At 31 January 2024 153 1,501 1,654
At 31 January 2023 - 2,002 2,002

BYZANTINE OVERSEAS LIMITED (REGISTERED NUMBER: 03016401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,575 2,100
Other debtors 6,452 6,745
Directors' loan accounts 14,093 15,091
Prepayments 338 508
25,458 24,444

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,810 1,837
Tax 4,683 3,908
Social security and other taxes 1,628 920
Other creditors 1,072 959
Deferred income 19,748 20,422
Accrued expenses 130 -
30,071 28,046

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Ms S L Sinclair
Balance outstanding at start of year 15,091 15,207
Amounts advanced 43,928 47,470
Amounts repaid (44,995 ) (47,586 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,024 15,091

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest rate.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S L Sinclair.

This was by virtue of her 100%, holding of the issued share capital.