1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,745 1,000 2,745 1,062 421 1,483 1,262 683 xbrli:pure xbrli:shares iso4217:GBP 10488394 2023-11-01 2024-10-31 10488394 2024-10-31 10488394 2023-10-31 10488394 2022-11-01 2023-10-31 10488394 2023-10-31 10488394 2022-10-31 10488394 bus:Director1 2023-11-01 2024-10-31 10488394 core:WithinOneYear 2024-10-31 10488394 core:WithinOneYear 2023-10-31 10488394 core:ShareCapital 2024-10-31 10488394 core:ShareCapital 2023-10-31 10488394 core:RetainedEarningsAccumulatedLosses 2024-10-31 10488394 core:RetainedEarningsAccumulatedLosses 2023-10-31 10488394 bus:SmallEntities 2023-11-01 2024-10-31 10488394 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10488394 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10488394 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10488394 bus:FullAccounts 2023-11-01 2024-10-31 10488394 core:ComputerEquipment 2023-11-01 2024-10-31 10488394 core:ComputerEquipment 2023-10-31 10488394 core:ComputerEquipment 2024-10-31
COMPANY REGISTRATION NUMBER: 10488394
BPS PROJECT SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2024
BPS PROJECT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,262
683
CURRENT ASSETS
Debtors
6
2,139
5,331
Cash at bank and in hand
32,619
46,942
--------
--------
34,758
52,273
CREDITORS: amounts falling due within one year
7
17,595
17,593
--------
--------
NET CURRENT ASSETS
17,163
34,680
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
18,425
35,363
--------
--------
NET ASSETS
18,425
35,363
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
18,325
35,263
--------
--------
SHAREHOLDERS FUNDS
18,425
35,363
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BPS PROJECT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:
Mr S Croucher
Director
Company registration number: 10488394
BPS PROJECT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 November 2023
1,745
Additions
1,000
-------
At 31 October 2024
2,745
-------
Depreciation
At 1 November 2023
1,062
Charge for the year
421
-------
At 31 October 2024
1,483
-------
Carrying amount
At 31 October 2024
1,262
-------
At 31 October 2023
683
-------
6. DEBTORS
2024
2023
£
£
Trade debtors
2,139
5,331
-------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,421
7,385
Social security and other taxes
5,527
3,707
Other creditors
8,647
6,501
--------
--------
17,595
17,593
--------
--------
8. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties:
The director advanced monies to the company. At 31 October 2024 the amount due from the company totalled £3,231 (2023 - £4,986).