Company Registration No. 3969488 (England and Wales)
Binary Ventures Ltd
Unaudited accounts
for the year ended 30 April 2024
Binary Ventures Ltd
Unaudited accounts
Contents
Binary Ventures Ltd
Company Information
for the year ended 30 April 2024
Director
William R Phillips
Company Number
3969488 (England and Wales)
Accountants
Zoe Collins
44 Guessens Road
Welwyn Garden City
Hertfordshire
AL8 6RH
Binary Ventures Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
7,448
9,070
Cash at bank and in hand
54,480
41,923
Creditors: amounts falling due within one year
(61,291)
(44,841)
Net current assets
20,976
22,210
Called up share capital
100
100
Profit and loss account
28,764
31,620
Shareholders' funds
28,864
31,720
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 January 2025 and were signed on its behalf by
William R Phillips
Director
Company Registration No. 3969488
Binary Ventures Ltd
Notes to the Accounts
for the year ended 30 April 2024
Binary Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 3969488.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
897
18,492
19,389
Disposals
-
(6,822)
(6,822)
At 30 April 2024
897
14,286
15,183
At 1 May 2023
440
9,879
10,319
Charge for the year
224
3,929
4,153
On disposals
-
(6,737)
(6,737)
At 30 April 2024
664
7,071
7,735
At 30 April 2024
233
7,215
7,448
At 30 April 2023
457
8,613
9,070
Binary Ventures Ltd
Notes to the Accounts
for the year ended 30 April 2024
5
Investments
Other investments
Valuation at 1 May 2023
440
Valuation at 30 April 2024
440
Amounts falling due within one year
Trade debtors
23,928
20,880
Accrued income and prepayments
3,859
4,248
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
49,226
33,492
Loans from directors
1,329
1,319
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).