25 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,000 10,000 10,000 xbrli:pure xbrli:shares iso4217:GBP 04598194 2023-01-01 2024-03-31 04598194 2024-03-31 04598194 2022-12-31 04598194 2022-01-01 2022-12-31 04598194 2022-12-31 04598194 2021-12-31 04598194 core:PlantMachinery 2023-01-01 2024-03-31 04598194 core:FurnitureFittings 2023-01-01 2024-03-31 04598194 core:MotorVehicles 2023-01-01 2024-03-31 04598194 bus:Director1 2023-01-01 2024-03-31 04598194 core:PlantMachinery 2022-12-31 04598194 core:FurnitureFittings 2022-12-31 04598194 core:PlantMachinery 2024-03-31 04598194 core:FurnitureFittings 2024-03-31 04598194 core:MotorVehicles 2024-03-31 04598194 core:WithinOneYear 2024-03-31 04598194 core:WithinOneYear 2022-12-31 04598194 core:AfterOneYear 2024-03-31 04598194 core:AfterOneYear 2022-12-31 04598194 core:ShareCapital 2024-03-31 04598194 core:ShareCapital 2022-12-31 04598194 core:RetainedEarningsAccumulatedLosses 2024-03-31 04598194 core:RetainedEarningsAccumulatedLosses 2022-12-31 04598194 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 04598194 core:Non-currentFinancialInstruments 2024-03-31 04598194 core:Non-currentFinancialInstruments 2022-12-31 04598194 bus:SmallEntities 2023-01-01 2024-03-31 04598194 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-03-31 04598194 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 04598194 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 04598194 bus:FullAccounts 2023-01-01 2024-03-31 04598194 core:OfficeEquipment 2023-01-01 2024-03-31 04598194 core:ToolsEquipment 2023-01-01 2024-03-31 04598194 core:OfficeEquipment 2022-12-31 04598194 core:ToolsEquipment 2022-12-31 04598194 core:OfficeEquipment 2024-03-31 04598194 core:ToolsEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 04598194
Business Dispatch Limited
Filleted Unaudited Financial Statements
31 March 2024
Business Dispatch Limited
Statement of Financial Position
31 March 2024
31 Mar 24
31 Dec 22
Note
£
£
£
Fixed assets
Tangible assets
5
54,315
350
Investments
6
10,000
10,000
--------
--------
64,315
10,350
Current assets
Debtors
7
390,520
425,954
Cash at bank and in hand
27,505
9,903
---------
---------
418,025
435,857
Creditors: amounts falling due within one year
8
393,756
361,939
---------
---------
Net current assets
24,269
73,918
--------
--------
Total assets less current liabilities
88,584
84,268
Creditors: amounts falling due after more than one year
9
78,736
34,167
--------
--------
Net assets
9,848
50,101
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,748
50,001
-------
--------
Shareholders funds
9,848
50,101
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Business Dispatch Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 27 December 2024 , and are signed on behalf of the board by:
Mr.B. Nithiyabhaskaran
Director
Company registration number: 04598194
Business Dispatch Limited
Notes to the Financial Statements
Period from 1 January 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 59 Gilhams Avenue, Banstead, Surrey, SM7 1QW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Motor vehicles
-
25% straight line
Equipment
-
25% straight line
Software
-
50% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 25 (2022: 28 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Software
Total
£
£
£
£
£
£
Cost
At 1 Jan 2023
11,838
19,156
22,248
7,167
60,409
Additions
61,788
61,788
--------
--------
--------
--------
-------
---------
At 31 Mar 2024
11,838
19,156
61,788
22,248
7,167
122,197
--------
--------
--------
--------
-------
---------
Depreciation
At 1 Jan 2023
11,838
19,156
21,899
7,166
60,059
Charge for the period
7,724
99
7,823
--------
--------
--------
--------
-------
---------
At 31 Mar 2024
11,838
19,156
7,724
21,998
7,166
67,882
--------
--------
--------
--------
-------
---------
Carrying amount
At 31 Mar 2024
54,064
250
1
54,315
--------
--------
--------
--------
-------
---------
At 31 Dec 2022
349
1
350
--------
--------
--------
--------
-------
---------
6. Investments
Other investments other than loans
£
Cost
At 1 January 2023 and 31 March 2024
10,000
--------
Impairment
At 1 January 2023 and 31 March 2024
--------
Carrying amount
At 31 March 2024
10,000
--------
At 31 December 2022
10,000
--------
7. Debtors
31 Mar 24
31 Dec 22
£
£
Trade debtors
149,866
153,645
Other debtors
240,654
272,309
---------
---------
390,520
425,954
---------
---------
8. Creditors: amounts falling due within one year
31 Mar 24
31 Dec 22
£
£
Bank loans and overdrafts
94,172
107,269
Trade creditors
60,412
44,869
Amounts owed to group undertakings and undertakings in which the company has a participating interest
7,708
37,553
Corporation tax
78,580
27,036
Social security and other taxes
76,240
64,556
Other creditors
76,644
80,656
---------
---------
393,756
361,939
---------
---------
9. Creditors: amounts falling due after more than one year
31 Mar 24
31 Dec 22
£
£
Bank loans and overdrafts
21,592
34,167
Other creditors
57,144
--------
--------
78,736
34,167
--------
--------
10. Directors' advances, credits and guarantees
The directors account as at 31 March 2024 was £31,934 in debit (2022 -£73,788 debit), included under other debtors.
11. Related party transactions
The company charged management charges amounting to £18,750 (2022-£15,000)for managing its associate company Business Hygiene Limited.The amount owed to Business Hygiene Limited as at 31st March 2024 amounts to £7,708 (2022-£37,553). The company paid dividends amounting to £244,000 (2022-£340,000).