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REGISTERED NUMBER: 06809953 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

B-Sure Installations Ltd

B-Sure Installations Ltd (Registered number: 06809953)






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


B-Sure Installations Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R B Chambers





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 06809953 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

B-Sure Installations Ltd (Registered number: 06809953)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 160,977 187,396

CURRENT ASSETS
Debtors 5 230,634 116,091
Cash at bank 57,589 104,006
288,223 220,097
CREDITORS
Amounts falling due within one year 6 (186,998 ) (147,488 )
NET CURRENT ASSETS 101,225 72,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,202

260,005

CREDITORS
Amounts falling due after more than one
year

7

(131,918

)

(172,701

)

PROVISIONS FOR LIABILITIES (21,988 ) (27,427 )
NET ASSETS 108,296 59,877

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 108,156 59,737
108,296 59,877

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 director acknowledges his 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.

B-Sure Installations Ltd (Registered number: 06809953)

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 director and authorised for issue on 18 November 2024 and were signed by:





R B Chambers - Director


B-Sure Installations Ltd (Registered number: 06809953)

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

1. STATUTORY INFORMATION

B-Sure Installations Ltd 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.

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.

These financial statements for the year ended 29th February 2024 are the first that are prepared in accordance with FRS Section 102 section 1A. The previous financial statements were prepared in accordance with FRS 105. The date of transition to FRS 102 Section 1A is 1st March 2022.

Deferred tax has been provided on accelerated capital allowances and other timing differences, where appropriate.

As a result of the transition to FRS102 1A the retained earnings for the comparative period have decreased by £24,427 in relation to deferred tax that has now been posted.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 15% on reducing balance

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.

B-Sure Installations Ltd (Registered number: 06809953)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 17,829 4,873 247,948 4,303 274,953
Additions 29,453 9,420 - 735 39,608
At 29 February 2024 47,282 14,293 247,948 5,038 314,561
DEPRECIATION
At 1 March 2023 3,242 1,028 79,873 3,414 87,557
Charge for year 6,606 1,990 57,055 376 66,027
At 29 February 2024 9,848 3,018 136,928 3,790 153,584
NET BOOK VALUE
At 29 February 2024 37,434 11,275 111,020 1,248 160,977
At 28 February 2023 14,587 3,845 168,075 889 187,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 72,511 28,703
Other debtors 158,123 87,388
230,634 116,091

Included in other debtors are prepayments of £102,907 (2023: £75,438).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 18,917
Hire purchase contracts 58,669 46,930
Trade creditors 27,558 71,918
Taxation and social security 85,252 6,411
Other creditors 5,519 3,312
186,998 147,488

B-Sure Installations Ltd (Registered number: 06809953)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors are accruals of £3,200 (2023: £3,000).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 13,335 23,333
Hire purchase contracts 118,583 149,368
131,918 172,701

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 177,252 196,298

Hire purchase liabilities are secured against the assets being so acquired.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £39,332 (2023: £52,105).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

29.2.24 28.2.23
£    £   
R B Chambers
Balance outstanding at start of year 6,077 23,403
Amounts advanced 96,257 9,461
Amounts repaid (47,119 ) (26,787 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,215 6,077

The loan was repayable on demand and interest has been charged at the HMRC Official Rate.