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REGISTERED NUMBER: 03716335 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BANKSIDE SYSTEMS LIMITED

BANKSIDE SYSTEMS LIMITED (REGISTERED NUMBER: 03716335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BANKSIDE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: I S Rogerson
M J Weaver





REGISTERED OFFICE: Bankside
154 St Stephens Road
Hounslow
TW3 2BW





REGISTERED NUMBER: 03716335 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

BANKSIDE SYSTEMS LIMITED (REGISTERED NUMBER: 03716335)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,411 2,849

CURRENT ASSETS
Debtors 5 43,878 163,764
Cash at bank 470,576 427,479
514,454 591,243
CREDITORS
Amounts falling due within one year 6 232,702 224,860
NET CURRENT ASSETS 281,752 366,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,163

369,232

PROVISIONS FOR LIABILITIES 814 496
NET ASSETS 282,349 368,736

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 282,346 368,733
282,349 368,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BANKSIDE SYSTEMS LIMITED (REGISTERED NUMBER: 03716335)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:




I S Rogerson - Director



M J Weaver - Director


BANKSIDE SYSTEMS LIMITED (REGISTERED NUMBER: 03716335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Bankside Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Computer equipment - 25% on cost

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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.

BANKSIDE SYSTEMS LIMITED (REGISTERED NUMBER: 03716335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
The directors have considered the risks and issues concerning the company and its activities, and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 2,426 19,103 21,529
Additions 106 297 403
Disposals - (251 ) (251 )
At 29 February 2024 2,532 19,149 21,681
DEPRECIATION
At 1 March 2023 2,166 16,514 18,680
Charge for year 78 1,763 1,841
Eliminated on disposal - (251 ) (251 )
At 29 February 2024 2,244 18,026 20,270
NET BOOK VALUE
At 29 February 2024 288 1,123 1,411
At 28 February 2023 260 2,589 2,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,703 159,948
Other debtors - 1,811
Prepayments & accrued income 6,175 2,005
43,878 163,764

BANKSIDE SYSTEMS LIMITED (REGISTERED NUMBER: 03716335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 960 110
Corporation Tax 16,398 25,555
Social security and other taxes 3,555 3,421
Pensions Payable 566 -
VAT 20,211 50,835
Directors' loan accounts 1,248 -
Accruals and deferred income 189,764 144,939
232,702 224,860

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
I S Rogerson
Balance outstanding at start of year - -
Amounts repaid (624 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (624 ) -

M J Weaver
Balance outstanding at start of year - -
Amounts repaid (624 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (624 ) -

No interest is being charged on the loan account and there are no set repayment terms.