Company Registration No. 09936928 (England and Wales)
Business Utility Renewals Ltd
Unaudited accounts
for the year ended 31 January 2024
Business Utility Renewals Ltd
Unaudited accounts
Contents
Business Utility Renewals Ltd
Company Information
for the year ended 31 January 2024
Directors
Darren Hutchings-Webber
John Molnar
Company Number
09936928 (England and Wales)
Registered Office
Business Utility Renewals Ltd
24-26 Friar Lane
Leicester
Leicestershire
LE1 5RA
England
Accountants
CJK Accountants
4 Marsh Drive
Husbands Bosworth
Lutterworth
Leicestershire
LE17 6PU
Business Utility Renewals Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
35,997
13,661
Cash at bank and in hand
280,123
57,831
Creditors: amounts falling due within one year
(232,906)
(199,456)
Net current assets
615,354
605,225
Total assets less current liabilities
651,351
618,886
Creditors: amounts falling due after more than one year
(90,000)
(130,000)
Provisions for liabilities
Deferred tax
(6,839)
(2,596)
Net assets
554,512
486,290
Called up share capital
102
102
Profit and loss account
554,410
486,188
Shareholders' funds
554,512
486,290
For the year ending 31 January 2024 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 16 September 2024 and were signed on its behalf by
Darren Hutchings-Webber
Director
Company Registration No. 09936928
Business Utility Renewals Ltd
Notes to the Accounts
for the year ended 31 January 2024
Business Utility Renewals Ltd is a private company, limited by shares, registered in England and Wales, registration number 09936928. The registered office is Business Utility Renewals Ltd, 24-26 Friar Lane, Leicester, Leicestershire, LE1 5RA, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
28,618
-
28,618
Additions
16,321
18,014
34,335
At 31 January 2024
44,939
18,014
62,953
At 1 February 2023
14,957
-
14,957
Charge for the year
7,495
4,504
11,999
At 31 January 2024
22,452
4,504
26,956
At 31 January 2024
22,487
13,510
35,997
At 31 January 2023
13,661
-
13,661
Business Utility Renewals Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
45,451
8,125
Accrued income and prepayments
490,000
728,000
Other debtors
32,686
10,725
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
40,000
40,000
Trade creditors
15,852
568
Taxes and social security
97,000
141,020
Other creditors
7,093
1,720
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 20 (2023: 15).