Registered number
09751360
BSC London Ltd
Filleted Accounts
30 September 2024
BSC London Ltd
Registered number: 09751360
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 42,373 52,967
Current assets
Stocks 2,375 2,875
Debtors 4 283,128 188,568
HSBC UK Commercial Credit Card (1,922) (1,987)
Capital On Tap - (930)
HSBC UK - 60210005 84 1
Monzo 3 -
Lloyds Bank - 4
283,668 188,531
Creditors: amounts falling due within one year 5 (262,942) (163,226)
Net current assets 20,726 25,305
Total assets less current liabilities 63,099 78,272
Creditors: amounts falling due after more than one year 6 (14,490) (16,690)
Net assets 48,609 61,582
Capital and reserves
Called up share capital 100 100
Equity Dividends - Selin Tufanoglu - (8,300)
Profit and loss account 48,509 69,782
Shareholder's funds 48,609 61,582
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Burak Tufanoglu
Director
Approved by the board on 31 January 2025
BSC London Ltd
Notes to the Accounts
for the year ended 30 September 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 1,843 54,326 56,169
At 30 September 2024 1,843 54,326 56,169
Depreciation
At 1 October 2023 404 2,798 3,202
Charge for the year 288 10,306 10,594
At 30 September 2024 692 13,104 13,796
Net book value
At 30 September 2024 1,151 41,222 42,373
At 30 September 2023 1,439 51,528 52,967
4 Debtors 2024 2023
£ £
Director`s account 283,088 187,452
Trade debtors 40 1,116
5 Creditors: amounts falling due within one year 2024 2023
£ £
Selin Tufanoglu - (407)
Trade creditors 85,793 73,673
Taxation and social security costs 177,150 89,959
Other creditors (1) 1
262,942 163,226
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,490 16,690
7 Other information
BSC London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
565 Green Lanes
London
N8 0RL
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