Backoffice eSolutions Limited 07142328 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the development of self-marketing and personal enterprise training programmes Digita Accounts Production Advanced 6.30.9574.0 true true 07142328 2023-03-01 2024-02-29 07142328 2024-02-29 07142328 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-02-29 07142328 core:CurrentFinancialInstruments 2024-02-29 07142328 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 07142328 bus:SmallEntities 2023-03-01 2024-02-29 07142328 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 07142328 bus:FilletedAccounts 2023-03-01 2024-02-29 07142328 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07142328 bus:RegisteredOffice 2023-03-01 2024-02-29 07142328 bus:Director2 2023-03-01 2024-02-29 07142328 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-01 2024-02-29 07142328 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07142328 bus:Agent1 2023-03-01 2024-02-29 07142328 countries:England 2023-03-01 2024-02-29 07142328 2022-03-01 2023-02-28 07142328 2023-02-28 07142328 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-02-28 07142328 core:CurrentFinancialInstruments 2023-02-28 07142328 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07142328

Backoffice eSolutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Backoffice eSolutions Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

Backoffice eSolutions Limited

Company Information

Director

Tony Osborne

Registered office

Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

Accountants

Barkess & Co
Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Backoffice eSolutions Limited
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Backoffice eSolutions Limited for the year ended 29 February 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Backoffice eSolutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Backoffice eSolutions Limited and state those matters that we have agreed to state to the Board of Directors of Backoffice eSolutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Backoffice eSolutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Backoffice eSolutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Backoffice eSolutions Limited. You consider that Backoffice eSolutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Backoffice eSolutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Barkess & Co
Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

23 November 2024

 

Backoffice eSolutions Limited

Profit and Loss Account for the Year Ended 29 February 2024

Note

2024
£

2023
£

Turnover

 

1

-

Gross profit

 

1

-

Administrative expenses

 

(81,774)

(106,038)

Operating loss

 

(81,773)

(106,038)

Loss before tax

(81,773)

(106,038)

Loss for the financial year

 

(81,773)

(106,038)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Backoffice eSolutions Limited

(Registration number: 07142328)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

200

12,013

Investments

5

1

69,962

Cash at bank and in hand

 

41

41

 

242

82,016

Creditors: Amounts falling due within one year

6

(229,351)

(229,351)

Net liabilities

 

(229,109)

(147,335)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(230,109)

(148,335)

Shareholders' deficit

 

(229,109)

(147,335)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 November 2024
 

.........................................
Tony Osborne
Director

 

Backoffice eSolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW
United Kingdom

These financial statements were authorised for issue by the director on 23 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Backoffice eSolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Backoffice eSolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Trade debtors

-

-

Other debtors

200

12,013

 

200

12,013

5

Current asset investments

2024
£

2023
£

Other investments

1

69,962

 

Backoffice eSolutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

185,726

185,726

Trade creditors

 

39,606

39,606

Taxation and social security

 

4,019

4,019

 

229,351

229,351

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

185,726

185,726

9

Financial instruments

Impairment

Other financial assets
The amount of the impairment loss during the year is £69,961 (2023 - £106,038).

The total amount of impairment loss during the year is £69,961 (2023 - £106,038)