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REGISTERED NUMBER: 07864975 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BUSINESS AS A SERVICE LIMITED

BUSINESS AS A SERVICE LIMITED (REGISTERED NUMBER: 07864975)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUSINESS AS A SERVICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 November 2024







DIRECTOR: P Kazanis





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 07864975 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

BUSINESS AS A SERVICE LIMITED (REGISTERED NUMBER: 07864975)

BALANCE SHEET
30 November 2024

30.11.24 30.11.23
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 4 19,850 24,178

CURRENT ASSETS
Debtors 5 52,500 51,115
Cash at bank 154,308 199,101
206,808 250,216
CREDITORS
Amounts falling due within one year 6 37,278 57,416
NET CURRENT ASSETS 169,530 192,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,380

216,978

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 189,260 216,858
SHAREHOLDERS' FUNDS 189,380 216,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:





P Kazanis - Director


BUSINESS AS A SERVICE LIMITED (REGISTERED NUMBER: 07864975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 November 2024

1. STATUTORY INFORMATION

Business As A Service Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods/services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

BUSINESS AS A SERVICE LIMITED (REGISTERED NUMBER: 07864975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
€    €    €   
COST
At 1 December 2023 2,295 95,441 97,736
Additions - 2,289 2,289
At 30 November 2024 2,295 97,730 100,025
DEPRECIATION
At 1 December 2023 1,100 72,458 73,558
Charge for year 299 6,318 6,617
At 30 November 2024 1,399 78,776 80,175
NET BOOK VALUE
At 30 November 2024 896 18,954 19,850
At 30 November 2023 1,195 22,983 24,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
€    €   
Trade debtors 52,500 45,500
Other debtors - 5,615
52,500 51,115

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
€    €   
Trade creditors 25,644 35,031
Taxation and social security 3,676 16,781
Other creditors 7,958 5,604
37,278 57,416