Business Fives Ltd Filleted Accounts Cover
Business Fives Ltd
Company No. SC532079
Information for Filing with The Registrar
30 April 2024
Business Fives Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 April 2024.
Principal activities
The principal activity of the company during the year under review was sport and charitable activities.
Director
The Director who served at any time during the year was as follows:
J.J. McClarey
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J.J. McClarey
Director
24 January 2025
Business Fives Ltd Balance Sheet Registrar
at
30 April 2024
Company No.
SC532079
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
14,8472,363
14,8472,363
Current assets
Debtors
5
77,35260,598
Cash at bank and in hand
9,753129,587
87,105190,185
Creditors: Amount falling due within one year
6
(102,252)
(161,635)
Net current (liabilities)/assets
(15,147)
28,550
Total assets less current liabilities
(300)
30,913
Provisions for liabilities
Deferred taxation
-
(809)
Net (liabilities)/assets
(300)
30,104
Capital and reserves
Called up share capital
11
Profit and loss account
8
(301)
30,103
Total equity
(300)
30,104
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 January 2025 and signed on its behalf by:
J.J. McClarey
Director
24 January 2025
Business Fives Ltd Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
Business Fives Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC532079
Its registered office is:
3 Queen Street
Edinburgh
EH2 1JE
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
88
4
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost or revaluation
At 1 May 2023
-10,54710,547
Additions
12,74344213,185
At 30 April 2024
12,74310,98923,732
Depreciation
At 1 May 2023
-8,1848,184
Charge for the year
-701701
At 30 April 2024
-8,8858,885
Net book values
At 30 April 2024
12,7432,10414,847
At 30 April 2023
-
2,363
2,363
5
Debtors
2024
2023
£
£
Trade debtors
1,56630,408
Amounts owed by group undertakings
50,000-
Loans to directors
25,786-
Other debtors
-30,190
77,35260,598
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
5,115660
Taxes and social security
27,334
60,232
Loans from directors
-27,982
Other creditors
69,80260,121
Accruals and deferred income
112,640
102,252161,635
7
Share Capital
1 Ordinary share of £1 each
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
-
25,000
-
25,000
Dividends by type:
Non-equity preference dividends
--
Equity dividends
-25,000
-
25,000
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