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REGISTERED NUMBER: 11538361 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

BINARY SUPPLY CHAIN MANAGEMENT (UK) LTD

BINARY SUPPLY CHAIN MANAGEMENT (UK) LTD (REGISTERED NUMBER: 11538361)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BINARY SUPPLY CHAIN MANAGEMENT (UK) LTD

COMPANY INFORMATION
for the Year Ended 31st August 2024







DIRECTOR: Mr C Liu





REGISTERED OFFICE: 326 High Street
Harborne West
Birmingham
B17 9PU





REGISTERED NUMBER: 11538361 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

BINARY SUPPLY CHAIN MANAGEMENT (UK) LTD (REGISTERED NUMBER: 11538361)

BALANCE SHEET
31st August 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 132 154

CURRENT ASSETS
Debtors 5 5,969 2,326
Cash at bank 21,139 12,806
27,108 15,132
CREDITORS
Amounts falling due within one year 6 27,967 21,041
NET CURRENT LIABILITIES (859 ) (5,909 )
TOTAL ASSETS LESS CURRENT LIABILITIES (727 ) (5,755 )

PROVISIONS FOR LIABILITIES 7 - 2,301
NET LIABILITIES (727 ) (8,056 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (827 ) (8,156 )
SHAREHOLDERS' FUNDS (727 ) (8,056 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

BINARY SUPPLY CHAIN MANAGEMENT (UK) LTD (REGISTERED NUMBER: 11538361)

BALANCE SHEET - continued
31st August 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 22nd November 2024 and were signed by:





Mr C Liu - Director


BINARY SUPPLY CHAIN MANAGEMENT (UK) LTD (REGISTERED NUMBER: 11538361)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024


1. STATUTORY INFORMATION

Binary Supply Chain Management (UK) 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

BINARY SUPPLY CHAIN MANAGEMENT (UK) LTD (REGISTERED NUMBER: 11538361)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st September 2023
and 31st August 2024 220
AMORTISATION
At 1st September 2023 66
Amortisation for year 22
At 31st August 2024 88
NET BOOK VALUE
At 31st August 2024 132
At 31st August 2023 154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 4,094 -
Amounts owed by participating interests 213 -
VAT - 2,326
Deferred tax asset
Tax losses carried forward 1,662 -
5,969 2,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade creditors 24,350 16,461
Tax - 1,416
VAT 453 -
Directors' current accounts 1,559 1,559
Accrued expenses 1,605 1,605
27,967 21,041

7. PROVISIONS FOR LIABILITIES
31/8/23
£   
Deferred tax
Tax losses carried forward 2,301

BINARY SUPPLY CHAIN MANAGEMENT (UK) LTD (REGISTERED NUMBER: 11538361)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st September 2023 2,301
Provided during year (3,963 )
Balance at 31st August 2024 (1,662 )

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
100 Share capital 1 £1 100 100