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Registered Number: 11989558
England and Wales

 

 

 

BUTTERFLY SOLUTIONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Praveen Kumar Chava
Registered Number 11989558
Registered Office 231 Kenton Road,
Harrow
Middlesex
HA3 0HD
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 377    503 
377    503 
Current assets      
Debtors 4 69    8,969 
Cash at bank and in hand 131,228    143,704 
131,297    152,673 
Creditors: amount falling due within one year 5 (47,782)   (56,165)
Net current assets 83,515    96,508 
 
Total assets less current liabilities 83,892    97,011 
Provisions for liabilities 6   (96)
Net assets 83,892    96,915 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 83,792    96,815 
Shareholders' funds 83,892    96,915 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 16 October 2024 and were signed by:


-------------------------------
Praveen Kumar Chava
Director
2
General Information
Butterfly Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11989558, registration address 231 Kenton Road,, Harrow, Middlesex, HA3 0HD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, 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:
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 June 2023 1,589    1,589 
Additions  
Disposals  
At 31 May 2024 1,589    1,589 
Depreciation
At 01 June 2023 1,086    1,086 
Charge for year 126    126 
On disposals  
At 31 May 2024 1,212    1,212 
Net book values
Closing balance as at 31 May 2024 377    377 
Opening balance as at 01 June 2023 503    503 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income   169 
Accrued Income   8,800 
VAT 69   
69    8,969 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 284    413 
Corporation Tax 7,273    26,173 
PAYE & Social Security   83 
Proposed Dividend 22,300    22,300 
Directors' Current Accounts 17,925    2,402 
VAT   4,794 
47,782    56,165 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 96    96 
Charged to Profit & Loss (96)  
  96 

3