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Registered number: 12946939
Be Possible Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12946939
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,367 3,747
Tangible Assets 5 8,282 13,154
10,649 16,901
CURRENT ASSETS
Debtors 6 387,973 174,178
Cash at bank and in hand 153,870 267,287
541,843 441,465
Creditors: Amounts Falling Due Within One Year 7 (232,211 ) (136,620 )
NET CURRENT ASSETS (LIABILITIES) 309,632 304,845
TOTAL ASSETS LESS CURRENT LIABILITIES 320,281 321,746
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,071 ) (3,289 )
NET ASSETS 318,210 318,457
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 318,110 318,357
SHAREHOLDERS' FUNDS 318,210 318,457
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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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matt Charge
Director
Mrs Claudia Coelho
Director
30th January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Be Possible Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12946939 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.3% on cost
Computer Equipment 33.3% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 4,140
As at 30 April 2024 4,140
Amortisation
As at 1 May 2023 393
Provided during the period 1,380
As at 30 April 2024 1,773
Net Book Value
As at 30 April 2024 2,367
As at 1 May 2023 3,747
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5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 6,758 13,776 20,534
Additions 1,149 940 2,089
As at 30 April 2024 7,907 14,716 22,623
Depreciation
As at 1 May 2023 2,094 5,286 7,380
Provided during the period 2,515 4,446 6,961
As at 30 April 2024 4,609 9,732 14,341
Net Book Value
As at 30 April 2024 3,298 4,984 8,282
As at 1 May 2023 4,664 8,490 13,154
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 282,499 78,829
Other debtors 105,474 95,349
387,973 174,178
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 66,114 40,901
Other creditors 94,952 30,222
Taxation and social security 71,145 65,497
232,211 136,620
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 29,200 -
Later than one year and not later than five years 41,367 -
70,567 -
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Matt Charge (458 ) 88,364 (87,860 ) - 46
Mrs Claudia Coelho (62 ) 88,514 (88,427 ) - 25
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
During the year dividends of £174,860 (2023: £170,000) were paid to the director(s).
12. Controlling Party
The company has no ultimate controlling party as the share capital is owned 50% by Mr M Charge and 50% by Mrs C Coelho.
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