B2K Group Limited 12453226 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is management and technical consulting activities. Digita Accounts Production Advanced 6.30.9574.0 true 12453226 2023-04-01 2024-03-31 12453226 2024-03-31 12453226 core:OtherReservesSubtotal 2024-03-31 12453226 core:RetainedEarningsAccumulatedLosses 2024-03-31 12453226 core:ShareCapital 2024-03-31 12453226 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 12453226 core:CurrentFinancialInstruments 2024-03-31 12453226 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12453226 core:FurnitureFittingsToolsEquipment 2024-03-31 12453226 bus:SmallEntities 2023-04-01 2024-03-31 12453226 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12453226 bus:FilletedAccounts 2023-04-01 2024-03-31 12453226 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12453226 bus:RegisteredOffice 2023-04-01 2024-03-31 12453226 bus:Director2 2023-04-01 2024-03-31 12453226 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12453226 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 12453226 core:OfficeEquipment 2023-04-01 2024-03-31 12453226 countries:England 2023-04-01 2024-03-31 12453226 2023-03-31 12453226 core:FurnitureFittingsToolsEquipment 2023-03-31 12453226 2022-04-01 2023-03-31 12453226 2023-03-31 12453226 core:OtherReservesSubtotal 2023-03-31 12453226 core:RetainedEarningsAccumulatedLosses 2023-03-31 12453226 core:ShareCapital 2023-03-31 12453226 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-03-31 12453226 core:CurrentFinancialInstruments 2023-03-31 12453226 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12453226 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-03-31 12453226 core:FurnitureFittingsToolsEquipment 2023-03-31 12453226 core:PreviouslyStatedAmount 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 12453226

B2K Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

B2K Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

B2K Group Limited

(Registration number: 12453226)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,767

8,417

Other financial assets

5

104,649

93,007

 

110,416

101,424

Current assets

 

Debtors

6

5,239

5,600

Cash at bank and in hand

 

25,279

48,851

 

30,518

54,451

Creditors: Amounts falling due within one year

7

(17,726)

(23,209)

Net current assets

 

12,792

31,242

Total assets less current liabilities

 

123,208

132,666

Provisions for liabilities

(3,252)

(1,543)

Net assets

 

119,956

131,123

Capital and reserves

 

Called up share capital

2

2

Other reserves

11,349

(293)

Retained earnings

108,605

131,414

Shareholders' funds

 

119,956

131,123

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 November 2024 and signed on its behalf by:
 

.........................................
Röd John White
Director

 

B2K Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
33 Park Crescent
Frenchay
Bristol
BS16 1NZ

These financial statements were authorised for issue by the Board on 25 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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

B2K Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33 1/3 straight line

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

B2K Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

26,171

26,171

Additions

4,260

4,260

At 31 March 2024

30,431

30,431

Depreciation

At 1 April 2023

17,754

17,754

Charge for the year

6,910

6,910

At 31 March 2024

24,664

24,664

Carrying amount

At 31 March 2024

5,767

5,767

At 31 March 2023

8,417

8,417

5

Other financial assets (current and non-current)

2024
£

2023
£

Non-current financial assets

Financial assets at fair value through profit and loss

104,649

93,007

6

Debtors

Current

2024
£

2023
£

Trade debtors

5,159

5,600

Other debtors

80

-

 

5,239

5,600

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

15,886

21,399

Other creditors

1,340

1,310

Directors loan account

500

500

17,726

23,209