Registered number
03269097
BJS Management Limited
Report and Accounts
31 July 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
BJS Management Limited
Registered number: 03269097
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 697,057 964,737
Cash at bank and in hand 512,110 378,374
1,209,167 1,343,111
Creditors: amounts falling due within one year 4 (1,052,828) (1,186,822)
Net current assets 156,339 156,289
Net assets 156,339 156,289
Capital and reserves
Called up share capital 910 910
Profit and loss account 155,429 155,379
Shareholders' funds 156,339 156,289
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
I Beech
Director
Approved by the board on 22 April 2025
BJS Management Limited
Notes to the Accounts
for the year ended 31 July 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.
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.
Current asset investments
Investments in subsidiaries, associates and jointly controlled entities are included at fair value. The share of profit or loss from the Lorna Road LLP for its accounting period ending within the accounting period of the company is included in the accounts of that period of the company as a value adjustment.
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 2 2
3 Debtors 2024 2023
£ £
Trade debtors 519,484 327,154
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,000 1,000
Other debtors 176,573 636,583
697,057 964,737
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 675,403 673,000
Corporation tax 110,536 93,916
Other taxes and social security costs 21,000 33,194
Other creditors 245,889 386,712
1,052,828 1,186,822
5 Related party transactions
During the financial year the company had transactions with LSGK Accountants Limited, Accountancy 4 Wealth Limited, Accountancy 4 Success Limited, Accountancy 4 Tax Savings Limited and Growth 4 Employment Services Limited, all private companies registered in England & Wales and are companies in which Ian Beech or Jed Eatough are directors. All transactions were carried out on commercial terms.
6 Controlling party
The ultimate holding company is Cannock Ticketing Limited, which is under the control of Ian Beech and family.
7 Contingent liabilities
In 2016 the company granted the directors an option to take a long-term loan on fixed terms. Despite being made aware that no such loans were ever taken, HMRC contend that the tax & NI of £98,674 is payable despite being unable to provide any details of such loans.

Subsequently HMRC has issued further assessments in respect of loans taken personally by directors, firstly to introduce funds to the company and secondly in respect of loans taken from pension funds set up by a previous employer.

In all three cases the company has spent substantial resources trying to get HMRC to either provide evidence of a liability or withdraw these incorrect amounts.

It now seems possible that the company may have to incur substantial costs, for which no provision has been made in the accounts, to take the matter through the appeal system or to accept payment of these incorrect amounts, irrespective of the correctness if it is deemed less expensive.
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