THE BUSINESS ADVANTAGE GROUP LIMITED

Company Registration Number:
03548265 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

THE BUSINESS ADVANTAGE GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

THE BUSINESS ADVANTAGE GROUP LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,581 3,808
Investments: 4 200 200
Total fixed assets: 2,781 4,008
Current assets
Debtors:   322,394 165,583
Cash at bank and in hand: 11,983 85,340
Total current assets: 334,377 250,923
Creditors: amounts falling due within one year:   (270,481) (178,410)
Net current assets (liabilities): 63,896 72,513
Total assets less current liabilities: 66,677 76,521
Creditors: amounts falling due after more than one year:   (23,333) (33,333)
Total net assets (liabilities): 43,344 43,188
Capital and reserves
Called up share capital: 12,500 12,500
Profit and loss account: 30,844 30,688
Shareholders funds: 43,344 43,188

The notes form part of these financial statements

THE BUSINESS ADVANTAGE GROUP LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 January 2025
and signed on behalf of the board by:

Name: C Turner
Status: Director

The notes form part of these financial statements

THE BUSINESS ADVANTAGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

THE BUSINESS ADVANTAGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 16 22

THE BUSINESS ADVANTAGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 11,253
Additions 532
At 30 April 2024 11,785
Depreciation
At 01 May 2023 7,445
Charge for year 1,759
At 30 April 2024 9,204
Net book value
At 30 April 2024 2,581
At 30 April 2023 3,808

THE BUSINESS ADVANTAGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Fixed investments

Tangible assets Tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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: If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. Fixed asset 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 A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

THE BUSINESS ADVANTAGE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Loans to directors

Name of director receiving advance or credit: C Turner
Description of the loan: Loan from director
£
Balance at 01 May 2023 2,832
Advances or credits repaid: 2,684
Balance at 30 April 2024 148