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REGISTERED NUMBER: 05652552 (England and Wales)















BEST 4 BUSINESS COMMUNICATIONS LTD

Unaudited Financial Statements for the Year Ended 31 December 2024






BEST 4 BUSINESS COMMUNICATIONS LTD (REGISTERED NUMBER: 05652552)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEST 4 BUSINESS COMMUNICATIONS LTD

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr F Hawker
Mr J T Magee





SECRETARY: Mrs L Hawker





REGISTERED OFFICE: Sheldon Chambers
2235/2243 Coventry Road
Birmingham
West Midlands
B26 3NW





REGISTERED NUMBER: 05652552 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

BEST 4 BUSINESS COMMUNICATIONS LTD (REGISTERED NUMBER: 05652552)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 464,815 569,028

CURRENT ASSETS
Stocks 55,371 63,015
Debtors 5 863,078 847,425
Cash at bank 618,209 615,525
1,536,658 1,525,965
CREDITORS
Amounts falling due within one year 6 796,107 822,307
NET CURRENT ASSETS 740,551 703,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,205,366

1,272,686

CREDITORS
Amounts falling due after more than one year 7 (89,695 ) (332,185 )

PROVISIONS FOR LIABILITIES (111,181 ) (136,914 )
NET ASSETS 1,004,490 803,587

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,004,290 803,387
SHAREHOLDERS' FUNDS 1,004,490 803,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BEST 4 BUSINESS COMMUNICATIONS LTD (REGISTERED NUMBER: 05652552)

Balance Sheet - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





Mr F Hawker - Director


BEST 4 BUSINESS COMMUNICATIONS LTD (REGISTERED NUMBER: 05652552)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Best 4 Business Communications Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Hosted Handsets - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

BEST 4 BUSINESS COMMUNICATIONS LTD (REGISTERED NUMBER: 05652552)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Hosted Motor Computer
Handsets vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 860,439 307,996 246,900 1,415,335
Additions 89,568 8,150 30,634 128,352
At 31 December 2024 950,007 316,146 277,534 1,543,687
DEPRECIATION
At 1 January 2024 567,419 107,809 171,079 846,307
Charge for year 146,980 54,351 31,234 232,565
At 31 December 2024 714,399 162,160 202,313 1,078,872
NET BOOK VALUE
At 31 December 2024 235,608 153,986 75,221 464,815
At 31 December 2023 293,020 200,187 75,821 569,028

The net book value of tangible fixed assets includes £ 146,832 (2023 - £ 200,187 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,241 42,075
Amounts owed by group undertakings 619,134 678,327
Other debtors 188,703 127,023
863,078 847,425

BEST 4 BUSINESS COMMUNICATIONS LTD (REGISTERED NUMBER: 05652552)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 190,482 185,104
Hire purchase contracts 52,008 55,899
Trade creditors 164,192 126,830
Taxation and social security 131,485 241,703
Other creditors 257,940 212,771
796,107 822,307

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 190,482
Hire purchase contracts 89,695 141,703
89,695 332,185

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 141,703 197,602

The hire purchase balances are secured on the assets to which they relate.

The bank loans are CBILS loans and security is provided by the government. There is also a personal guarantee by the directors of the company on one of the CBILS loans.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr J T Magee
Balance outstanding at start of year - -
Amounts advanced 75,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,000 -