IRIS Accounts Production v24.1.0.578 05785847 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057858472023-04-30057858472024-04-30057858472023-05-012024-04-30057858472022-04-30057858472022-05-012023-04-30057858472023-04-3005785847ns15:EnglandWales2023-05-012024-04-3005785847ns14:PoundSterling2023-05-012024-04-3005785847ns10:Director12023-05-012024-04-3005785847ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005785847ns10:SmallEntities2023-05-012024-04-3005785847ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005785847ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005785847ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005785847ns10:FullAccounts2023-05-012024-04-3005785847ns10:Director22023-05-012024-04-3005785847ns10:CompanySecretary12023-05-012024-04-3005785847ns10:RegisteredOffice2023-05-012024-04-3005785847ns5:CurrentFinancialInstruments2024-04-3005785847ns5:CurrentFinancialInstruments2023-04-3005785847ns5:ShareCapital2024-04-3005785847ns5:ShareCapital2023-04-3005785847ns5:RetainedEarningsAccumulatedLosses2024-04-3005785847ns5:RetainedEarningsAccumulatedLosses2023-04-3005785847ns5:FurnitureFittings2023-04-3005785847ns5:ComputerEquipment2023-04-3005785847ns5:FurnitureFittings2023-05-012024-04-3005785847ns5:ComputerEquipment2023-05-012024-04-3005785847ns5:FurnitureFittings2024-04-3005785847ns5:ComputerEquipment2024-04-3005785847ns5:FurnitureFittings2023-04-3005785847ns5:ComputerEquipment2023-04-3005785847ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3005785847ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3005785847ns5:CurrentFinancialInstruments2023-05-012024-04-30
REGISTERED NUMBER: 05785847 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 April 2024

for

Business Banking Solutions Limited

Business Banking Solutions Limited (Registered number: 05785847)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Business Banking Solutions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R J Palette
S G Perks





SECRETARY: D Dannreuther





REGISTERED OFFICE: Ground Floor
123 Pall Mall
London
SW1Y 5EA





REGISTERED NUMBER: 05785847 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA

Business Banking Solutions Limited (Registered number: 05785847)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246 293

CURRENT ASSETS
Debtors 5 272 -
Cash at bank 478 237
750 237
CREDITORS
Amounts falling due within one year 6 20,428 17,411
NET CURRENT LIABILITIES (19,678 ) (17,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,432

)

(16,881

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,532 ) (16,981 )
SHAREHOLDERS' FUNDS (19,432 ) (16,881 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





S G Perks - Director


Business Banking Solutions Limited (Registered number: 05785847)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Business Banking Solutions Limited 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.

The financial statements are presented in Pound Sterling which is also the functional currency.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 10% on reducing balance

Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company shows net current liabilities of £19,678 (2023: £17,174) and made a loss during the year of £2,551 (2023: loss of £3,164).

The Directors consider the going concern basis to be appropriate due to the fact that the controlling parties have agreed to provide financial support for the next 12 months as from the date of the approval of the financial statements in order for the company to meet its current liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 560 2,568 3,128
DEPRECIATION
At 1 May 2023 456 2,379 2,835
Charge for year 9 38 47
At 30 April 2024 465 2,417 2,882
NET BOOK VALUE
At 30 April 2024 95 151 246
At 30 April 2023 104 189 293

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 272 -

Business Banking Solutions Limited (Registered number: 05785847)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 383
Other creditors 20,428 17,028
20,428 17,411

The Creditors amounts falling due within one year include a loan from Mr S G Perks, director of the Company for £9,552 (2023: £7,828). The amount of £9,552 includes advancements made by the director during the year of £1,724.

The amounts also include a loan from one of the Company's shareholders for £9,196 (2023: £7,520). The amount of £9,196 includes advancements made during the year by the Company's shareholder of £1,676.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S G Perks.