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Company Registration No. 11463235 (England and Wales)
Binocle Limited Unaudited accounts for the year ended 31 December 2023
Binocle Limited Unaudited accounts Contents
Page
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Binocle Limited Company Information for the year ended 31 December 2023
Directors
Charles Monot Mimoza Bogeska
Company Number
11463235 (England and Wales)
Registered Office
C/o Accountancy Managers 164 New Cavendish Street London W1W 6YT
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Binocle Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
276 
276 
Cash at bank and in hand
104,255 
104,255 
104,531 
104,531 
Creditors: amounts falling due within one year
(8,700)
(8,700)
Net current assets
95,831 
95,831 
Net assets
95,831 
95,831 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
95,731 
95,731 
Shareholders' funds
95,831 
95,831 
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 directors acknowledge their 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 of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
Charles Monot Director Company Registration No. 11463235
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Binocle Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Binocle Limited is a private company, limited by shares, registered in England and Wales, registration number 11463235. The registered office is C/o Accountancy Managers, 164 New Cavendish Street, London, W1W 6YT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Binocle Limited Notes to the Accounts for the year ended 31 December 2023
Going concern
The directors have considered the period ahead and anticipates further losses in the coming year. The directors believe that with support from the shareholder funds and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. As a consequence, the directors also believe that the company is well placed to manage its business risks successfully. As such, the directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the annual report and accounts.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
276 
276 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
8,700 
8,700 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
Charles Monot: Included in other creditors is the sum of £Nil (2022: £Nil) owed to Mr Charles Monot. Mimoza Bogeska: Included in accrued expenses is a sum of £Nil (2022: £Nil) owed to Ms Mimoza Bogeska.
8
Controlling party
Mr Charles Monot was regarded as an ultimate controlling party for this and the preceding period.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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