Registered number
05420558
Business Informatics Limited
Report and Accounts
30 April 2024
Business Informatics Limited
Report to the directors on the preparation of the unaudited statutory accounts of Business Informatics Limited for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Business Informatics Limited for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Ltd
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
13 January 2025
Business Informatics Limited
Registered number: 05420558
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,613 528
Current assets
Stocks 21,255 21,712
Debtors 4 36 (634)
Cash at bank and in hand 168 599
21,459 21,677
Creditors: amounts falling due within one year 5 (34,192) (25,925)
Net current liabilities (12,733) (4,248)
Net liabilities (11,120) (3,720)
Capital and reserves
Called up share capital 1 1
Profit and loss account (11,121) (3,721)
Shareholders' funds (11,120) (3,720)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Gosling
Director
Approved by the board on 13 January 2025
Business Informatics Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value of work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 10,517
Additions 1,623
At 30 April 2024 12,140
Depreciation
At 1 May 2023 9,989
Charge for the year 538
At 30 April 2024 10,527
Net book value
At 30 April 2024 1,613
At 30 April 2023 528
4 Debtors 2024 2023
£ £
Trade debtors (225) (225)
Other debtors 261 (409)
36 (634)
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,546 4,212
Other taxes and social security costs - (946)
Other creditors 30,646 22,659
34,192 25,925
6 Other information
Business Informatics Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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