REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2024 |
for |
Best4business (Technology Partners) |
Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2024 |
for |
Best4business (Technology Partners) |
Limited |
Best4business (Technology Partners) |
Limited (Registered number: 10859135) |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Best4business (Technology Partners) |
Limited |
Company Information |
for the Year Ended 31 December 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Best4business (Technology Partners) |
Limited (Registered number: 10859135) |
Balance Sheet |
31 December 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director and authorised for issue on |
Best4business (Technology Partners) |
Limited (Registered number: 10859135) |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | STATUTORY INFORMATION |
Best4business (Technology Partners) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Best4business (Technology Partners) |
Limited (Registered number: 10859135) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
The company purchases, on normal commercial terms, management, accounting, bookkeeping and payroll services from Best4business Accountants & Company Limited, a company registered in England with number 4331988, of which the company is a wholly-owned subsidiary company, and of which Mr R C Mohabaty is a director. |
The value of such purchases during the financial period being reported was £163,669 [2023: £121,673] (excluding VAT).The total balance due to Best4business Accountants & Company Limited at the end of the year was £6,403 [2023:£10,044]. |
The company sells, on normal commercial terms of IT consultancy to Treethorpe Limited, a company registered in England with number 06172161, of which Mr R C Mohabaty is a director and retain significant control. |
The value of such sales during the financial period being reported was £78,971 [2023: £56,839] (excluding VAT).The total balance from Treethorpe Limited at the end of the year was £7,845 [2023: £6,715]. |
The company sells, on normal commercial terms of IT consultancy to Hansen Sweeney Limited, a company registered in England with number 09229351, of which Mr R C Mohabaty is a director and retain significant control. |
The value of such sales during the financial period being reported was £42,399 [2023: £31,560] (excluding VAT).The total balance from Hansen Sweeney Limited at the end of the year was £5,976 [2023: £3,583]. |
The company sells, on normal commercial terms of IT consultancy to Taylor Keeble LLP, a limited liability partnership in England with number OC412705, of which Mr R C Mohabaty is a designated Member. |
The value of such sales during the financial period being reported was £41,118 [2023: £29,308] (excluding VAT).The total balance from Taylor Keeble LLP at the end of the year was £4,408 [2023: £3,262]. |
7. | ULTIMATE CONTROLLING PARTY |
The Company is a wholly-owned subsidiary of Best4business Accountants and Company Limited. |
The ultimate controlling party of Best4business Accountants and Company Limited is R C Mohabaty, who owns and controls a majority of the shares in the parent company. |