2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 6,788 325 7,113 2,386 709 3,095 4,018 4,402 xbrli:pure xbrli:shares iso4217:GBP 12407965 2023-02-01 2024-01-31 12407965 2024-01-31 12407965 2023-01-31 12407965 2022-02-01 2023-01-31 12407965 2023-01-31 12407965 2022-01-31 12407965 bus:Director1 2023-02-01 2024-01-31 12407965 bus:Director2 2023-02-01 2024-01-31 12407965 core:WithinOneYear 2024-01-31 12407965 core:WithinOneYear 2023-01-31 12407965 core:ShareCapital 2024-01-31 12407965 core:ShareCapital 2023-01-31 12407965 core:RetainedEarningsAccumulatedLosses 2024-01-31 12407965 core:RetainedEarningsAccumulatedLosses 2023-01-31 12407965 bus:Director1 2023-01-31 12407965 bus:Director1 2024-01-31 12407965 bus:Director2 2023-01-31 12407965 bus:Director2 2024-01-31 12407965 bus:Director1 2022-01-31 12407965 bus:Director1 2023-01-31 12407965 bus:Director2 2022-01-31 12407965 bus:Director2 2023-01-31 12407965 bus:Director1 2022-02-01 2023-01-31 12407965 bus:Director2 2022-02-01 2023-01-31 12407965 bus:SmallEntities 2023-02-01 2024-01-31 12407965 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12407965 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12407965 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12407965 bus:FullAccounts 2023-02-01 2024-01-31 12407965 core:OfficeEquipment 2023-02-01 2024-01-31 12407965 core:OfficeEquipment 2023-01-31 12407965 core:OfficeEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 12407965
The Analytics & BI Company Ltd
Filleted Unaudited Financial Statements
Year ended
31 January 2024
The Analytics & BI Company Ltd
Financial Statements
Year ended 31 January 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
The Analytics & BI Company Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
4,018
4,402
Current assets
Debtors
6
14,444
Cash at bank and in hand
53,188
45,499
--------
--------
67,632
45,499
Creditors: amounts falling due within one year
7
7,813
3,014
--------
--------
Net current assets
59,819
42,485
--------
--------
Total assets less current liabilities
63,837
46,887
Provisions
763
836
--------
--------
Net assets
63,074
46,051
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
62,974
45,951
--------
--------
Shareholders funds
63,074
46,051
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Analytics & BI Company Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 31 October 2024 , and are signed on behalf of the board by:
Mr D Blyth
Director
Company registration number: 12407965
The Analytics & BI Company Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 St. Georges Terrace, Rawcliffe, Goole, DN14 8NG, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from provision of services is recognised when the sales invoice is issued.
(d) Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
(g) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
(h) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 February 2023
6,788
Additions
325
-------
At 31 January 2024
7,113
-------
Depreciation
At 1 February 2023
2,386
Charge for the year
709
-------
At 31 January 2024
3,095
-------
Carrying amount
At 31 January 2024
4,018
-------
At 31 January 2023
4,402
-------
6. Debtors
2024
2023
£
£
Other debtors
14,444
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
925
980
Corporation tax
6,888
1,790
Other creditors
244
-------
-------
7,813
3,014
-------
-------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Blyth
( 132)
15,300
( 7,956)
7,212
Mrs A Blyth
( 112)
16,440
( 9,096)
7,232
----
--------
--------
--------
( 244)
31,740
( 17,052)
14,444
----
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D Blyth
39,997
22,240
( 62,369)
( 132)
Mrs A Blyth
26,467
28,930
( 55,509)
( 112)
--------
--------
----------
----
66,464
51,170
( 117,878)
( 244)
--------
--------
----------
----
The overdrawn loan accounts were fully cleared by 31 October 2024.