Binary Technologies Limited SC511673 Business and domestic software development false 1 August 2023 SC511673 2023-08-01 2024-07-31 SC511673 2023-07-31 SC511673 2024-07-31 SC511673 2022-08-01 2023-07-31 SC511673 2022-07-31 SC511673 2023-07-31 SC511673 frs102-bus:FRS102 2023-08-01 2024-07-31 SC511673 frs102-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC511673 frs102-bus:FullAccounts 2023-08-01 2024-07-31 SC511673 frs102-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC511673 frs102-core:CurrentFinancialInstruments 2024-07-31 SC511673 frs102-core:CurrentFinancialInstruments 2023-07-31 SC511673 frs102-core:Non-currentFinancialInstruments 2024-07-31 SC511673 frs102-core:Non-currentFinancialInstruments 2023-07-31 SC511673 frs102-core:ShareCapital 2024-07-31 SC511673 frs102-core:ShareCapital 2023-07-31 SC511673 frs102-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC511673 frs102-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC511673 frs102-bus:Director1 2023-08-01 2024-07-31 SC511673 frs102-core:OfficeEquipment 2023-08-01 2024-07-31 SC511673 frs102-core:OfficeEquipment 2023-07-31 SC511673 frs102-core:OfficeEquipment 2024-07-31 SC511673 frs102-core:OfficeEquipment 2023-07-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
SC511673
Binary Technologies Limited
Unaudited Accounts
for the year ended
31 July 2024
Binary Technologies Limited
Balance Sheet
as at 31 July 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 18,309 23,714
18,309 23,714
Current assets
Debtors 4 26,156 23,934
Cash at bank and in hand 4,289 58,357
30,445 82,291
Creditors: amounts falling due within one year 5 (19,393) (69,087)
Net current assets / (liabilities) 11,052 13,204
Total assets less current liabilities 29,361 36,918
Creditors: amounts falling due after more than one year 6 (28,800) (36,355)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 561 563
Capital and reserves
Called up share capital 1 1
Profit and loss account 560 562
Shareholders' funds 561 563

Binary Technologies Limited
Balance Sheet
as at 31 July 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 July 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.

Signed on behalf of the board of directors

...............................

Mr B Robinson

Director


Approved by the board on 19 January 2025

Company Number: SC511673 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

272 Bath Street
Glasgow
G2 4JR
Scotland

Binary Technologies Limited
Notes to the Accounts
for the year ended 31 July 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Office equipment 25% Reducing Balance
2. Employees
2024 2023
Average number of employees during the period 1 2

3. Tangible fixed assets
Office equipment Total
Cost or valuation £ £
At 1 August 2023 44,431 44,431
Additions 619 619
At 31 July 2024 45,050 45,050
Depreciation
At 1 August 2023 20,717 20,717
Charge for the period 6,024 6,024
At 31 July 2024 26,741 26,741
Net book value
At 31 July 2024 18,309 18,309
At 31 July 2023 23,714 23,714

4. Debtors
2024 2023
£ £
Trade debtors 9,238 23,934
Other debtors 16,918 0
26,156 23,934

5. Creditors: amounts falling due within one year
2024 2023
£ £
Bank Loans & Overdrafts 7,547 9,618
Taxation & social security 11,701 9,200
Other creditors 145 50,269
19,393 69,087

6. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 28,800 36,355
28,800 36,355

7. Related party disclosures

During the period of accounts a transaction occurred between this company and a related party, Mr B Robinson. The relationship between the parties is Director. At the balance sheet date the related party owed the company £16,918 (2023 - £1,087 owed by the company to the related party).


Controlling party
Mr B Robinson is the ultimate controlling party.