Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12712098 Mr Kamil Munir iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12712098 2023-02-28 12712098 2024-02-29 12712098 2023-03-01 2024-02-29 12712098 frs-core:CurrentFinancialInstruments 2024-02-29 12712098 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 12712098 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 12712098 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 12712098 frs-core:PlantMachinery 2024-02-29 12712098 frs-core:PlantMachinery 2023-03-01 2024-02-29 12712098 frs-core:PlantMachinery 2023-02-28 12712098 frs-core:ShareCapital 2024-02-29 12712098 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12712098 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12712098 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12712098 frs-bus:SmallEntities 2023-03-01 2024-02-29 12712098 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12712098 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12712098 frs-bus:Director1 2023-03-01 2024-02-29 12712098 frs-countries:EnglandWales 2023-03-01 2024-02-29 12712098 2022-02-28 12712098 2023-02-28 12712098 2022-03-01 2023-02-28 12712098 frs-core:CurrentFinancialInstruments 2023-02-28 12712098 frs-core:ShareCapital 2023-02-28 12712098 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12712098
BS BHAM 3 LIMITED
Unaudited Financial Statements
For The Year Ended 29 February 2024
WK & CO ACCOUNTANTS LIMITED
Chartered Certified Accountants
28 Blackwood Road
Sutton Coldfield
B74 3PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12712098
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,523 69,257
60,523 69,257
CURRENT ASSETS
Stocks 5 4,000 4,250
Debtors 6 80,347 26,562
Cash at bank and in hand 23,720 30,964
108,067 61,776
Creditors: Amounts Falling Due Within One Year 7 (115,185 ) (155,596 )
NET CURRENT ASSETS (LIABILITIES) (7,118 ) (93,820 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,405 (24,563 )
NET ASSETS/(LIABILITIES) 53,405 (24,563 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 53,305 (24,663 )
SHAREHOLDERS' FUNDS 53,405 (24,563)
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kamil Munir
Director
29/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
BS BHAM 3 LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12712098 . The registered office is 28 Blackwood Road, Sutton Coldfield, B74 3PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold On straight line basis over the term of the lease
Plant & Machinery 15% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 30)
29 30
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 5,861 83,179 89,040
Additions - 2,998 2,998
Disposals - (1,400 ) (1,400 )
As at 29 February 2024 5,861 84,777 90,638
Depreciation
As at 1 March 2023 1,172 18,611 19,783
Provided during the period 586 9,956 10,542
Disposals - (210 ) (210 )
As at 29 February 2024 1,758 28,357 30,115
Net Book Value
As at 29 February 2024 4,103 56,420 60,523
As at 1 March 2023 4,689 64,568 69,257
5. Stocks
2024 2023
£ £
Stock 4,000 4,250
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,219 7,200
Other debtors 72,128 19,362
80,347 26,562
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25,866 22,777
Other creditors 24,182 78,682
Taxation and social security 65,137 54,137
115,185 155,596
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contribution into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the profit or loss when they fall due. Amounts not paid are shown in Other Creditors as a liablity in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
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