Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1No description of principal activity12023-11-01falsefalsetruefalse SC612290 2023-11-01 2024-10-31 SC612290 2022-11-01 2023-10-31 SC612290 2024-10-31 SC612290 2023-10-31 SC612290 c:Director1 2023-11-01 2024-10-31 SC612290 c:Director2 2023-11-01 2024-10-31 SC612290 c:Director2 2024-10-31 SC612290 c:RegisteredOffice 2023-11-01 2024-10-31 SC612290 d:OfficeEquipment 2023-11-01 2024-10-31 SC612290 d:OfficeEquipment 2024-10-31 SC612290 d:OfficeEquipment 2023-10-31 SC612290 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC612290 d:CurrentFinancialInstruments 2024-10-31 SC612290 d:CurrentFinancialInstruments 2023-10-31 SC612290 d:Non-currentFinancialInstruments 2024-10-31 SC612290 d:Non-currentFinancialInstruments 2023-10-31 SC612290 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC612290 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC612290 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC612290 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC612290 d:ShareCapital 2024-10-31 SC612290 d:ShareCapital 2023-10-31 SC612290 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC612290 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC612290 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC612290 c:OrdinaryShareClass1 2024-10-31 SC612290 c:OrdinaryShareClass1 2023-10-31 SC612290 c:FRS102 2023-11-01 2024-10-31 SC612290 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC612290 c:FullAccounts 2023-11-01 2024-10-31 SC612290 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC612290 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC612290










BUSINESS FUNDING PLUS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
BUSINESS FUNDING PLUS LIMITED
 

COMPANY INFORMATION


Directors
Mr J C M Van Beusekom 
Mrs C Van Beusekom (appointed 10 June 2024)




Registered number
SC612290



Registered office
Crombie Point House, Crombie Point
Crombie

Dunfermline

KY12 8LQ




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
BUSINESS FUNDING PLUS LIMITED
REGISTERED NUMBER: SC612290

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
916
1,390

  
916
1,390

Current assets
  

Debtors: amounts falling due within one year
 5 
14,235
13,181

Cash at bank and in hand
  
238
60,196

  
14,473
73,377

Creditors: amounts falling due within one year
 6 
(20,605)
(14,353)

Net current (liabilities)/assets
  
 
 
(6,132)
 
 
59,024

Total assets less current liabilities
  
(5,216)
60,414

Creditors: amounts falling due after more than one year
 7 
(2,100)
(5,700)

Provisions for liabilities
  

Deferred tax
  
-
(264)

  
 
 
-
 
 
(264)

Net (liabilities)/assets
  
(7,316)
54,450


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(7,416)
54,350

  
(7,316)
54,450


Page 1

 
BUSINESS FUNDING PLUS LIMITED
REGISTERED NUMBER: SC612290

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 February 2025.




Mr J C M Van Beusekom
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BUSINESS FUNDING PLUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Business Funding Plus Limited is limited by shares and incorporated in Scotland. The address of the registered office is Crombie Point House, Crombie Point, Crombie, Dunfermline, KY12 8LQ.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that
the Company has adequate resources to continue in operational existence for the foreseeable future.
The directors have considered a period of 12 months from the date of approval of the financial
statements. Thus the directors continue to adopt the going concern basis of accounting in preparing
the financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BUSINESS FUNDING PLUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
BUSINESS FUNDING PLUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
BUSINESS FUNDING PLUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2023
3,209



At 31 October 2024

3,209



Depreciation


At 1 November 2023
1,819


Charge for the year on owned assets
474



At 31 October 2024

2,293



Net book value



At 31 October 2024
916



At 31 October 2023
1,390

Page 6

 
BUSINESS FUNDING PLUS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
6,000

Other debtors
2,370
6,998

Prepayments
775
183

Deferred taxation
11,090
-

14,235
13,181


Included within other debtors is an amount of £NIL (2023 - £6,998) due from the director. Interest is charged at 2.5% and no repayment terms have been agreed.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,600
3,600

Other taxation and social security
-
2,370

Other creditors
14,422
5,923

Accruals and deferred income
2,583
2,460

20,605
14,353


Included within other creditors is amounts due to the director of £4,612 (2023 - £NIL). Interest is charged on the loan at 2.5%.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,100
5,700



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 7