Registered number
03998866
BWS Partnership Ltd
Filleted Accounts
30 September 2024
BWS Partnership Ltd
Registered number: 03998866
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 13,548 16,279
Cash at bank and in hand 4,606 17,137
18,154 33,416
Creditors: amounts falling due within one year 5 (20,727) (23,070)
Net current (liabilities)/assets (2,573) 10,346
Total assets less current liabilities (2,573) 10,346
Creditors: amounts falling due after more than one year 6 (6,574) (12,985)
Net liabilities (9,147) (2,639)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,247) (2,739)
Shareholders' funds (9,147) (2,639)
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.
Christopher Brown
Director
Approved by the board on 2 January 2025
BWS Partnership Ltd
Notes to the Accounts
for the year ended 30 September 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 (as applied to small entities by section 1A of the standard).
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 7,764
At 30 September 2024 7,764
Depreciation
At 1 October 2023 7,764
At 30 September 2024 7,764
Net book value
At 30 September 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 13,548 14,454
Other debtors - 1,825
13,548 16,279
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,579 5,579
Trade creditors 2,269 5,266
Taxation and social security costs 9,204 10,725
Other creditors 3,675 1,500
20,727 23,070
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,574 12,985
7 Other information
BWS Partnership Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Reaver House
Suite 111 12 East Street
Epsom
KT17 1HX
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