9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 12,136 1,327 618 12,845 7,183 1,365 603 7,945 4,900 4,953 31,440 31,440 31,440 xbrli:pure xbrli:shares iso4217:GBP 03651450 2023-11-01 2024-10-31 03651450 2024-10-31 03651450 2023-10-31 03651450 2022-11-01 2023-10-31 03651450 2023-10-31 03651450 2022-10-31 03651450 core:PlantMachinery 2023-11-01 2024-10-31 03651450 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 03651450 bus:Director1 2023-11-01 2024-10-31 03651450 core:PlantMachinery 2023-10-31 03651450 core:PlantMachinery 2024-10-31 03651450 core:WithinOneYear 2024-10-31 03651450 core:WithinOneYear 2023-10-31 03651450 core:ShareCapital 2024-10-31 03651450 core:ShareCapital 2023-10-31 03651450 core:RetainedEarningsAccumulatedLosses 2024-10-31 03651450 core:RetainedEarningsAccumulatedLosses 2023-10-31 03651450 core:BetweenOneFiveYears 2024-10-31 03651450 core:BetweenOneFiveYears 2023-10-31 03651450 core:CostValuation core:Non-currentFinancialInstruments 2024-10-31 03651450 core:Non-currentFinancialInstruments 2024-10-31 03651450 core:Non-currentFinancialInstruments 2023-10-31 03651450 core:PlantMachinery 2023-10-31 03651450 bus:SmallEntities 2023-11-01 2024-10-31 03651450 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 03651450 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 03651450 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03651450 bus:FullAccounts 2023-11-01 2024-10-31 03651450 bus:OrdinaryShareClass1 2024-10-31 03651450 bus:OrdinaryShareClass1 2023-10-31
COMPANY REGISTRATION NUMBER: 03651450
Biton System Consultants Limited
Filleted Unaudited Financial Statements
31 October 2024
Biton System Consultants Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
4,900
4,953
Investments
6
31,440
31,440
--------
--------
36,340
36,393
Current assets
Debtors
7
162,477
173,621
Cash at bank and in hand
818,679
852,855
---------
------------
981,156
1,026,476
Creditors: amounts falling due within one year
8
489,735
404,456
---------
------------
Net current assets
491,421
622,020
---------
---------
Total assets less current liabilities
527,761
658,413
---------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
527,661
658,313
---------
---------
Shareholders funds
527,761
658,413
---------
---------
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 year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Biton System Consultants Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 8 January 2025 , and are signed on behalf of the board by:
K Bateman
Director
Company registration number: 03651450
Biton System Consultants Limited
Notes to the Financial Statements
Year ended 31 October 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 146 New London Road, Chelmsford, Essex, CM2 0AW, United Kingdom.
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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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% reducing balance
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
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 7 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 November 2023
12,136
Additions
1,327
Disposals
( 618)
--------
At 31 October 2024
12,845
--------
Depreciation
At 1 November 2023
7,183
Charge for the year
1,365
Disposals
( 603)
--------
At 31 October 2024
7,945
--------
Carrying amount
At 31 October 2024
4,900
--------
At 31 October 2023
4,953
--------
6. Investments
Other investments other than loans
£
Cost
At 1 November 2023 and 31 October 2024
31,440
--------
Impairment
At 1 November 2023 and 31 October 2024
--------
Carrying amount
At 31 October 2024
31,440
--------
At 31 October 2023
31,440
--------
7. Debtors
2024
2023
£
£
Trade debtors
53,550
Amounts owed by group undertakings and undertakings in which the company has a participating interest
100,515
165,767
Other debtors
8,412
7,854
---------
---------
162,477
173,621
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,913
1,468
Corporation tax
242,708
190,861
Social security and other taxes
32,883
32,395
Other creditors
211,231
179,732
---------
---------
489,735
404,456
---------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
17,000
17,000
Later than 1 year and not later than 5 years
33,292
50,292
--------
--------
50,292
67,292
--------
--------