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Registration number: 08617297

Binopolis Ltd

Unaudited Filleted Financial Statements

for the Period from 1 October 2023 to 31 December 2024

 

Binopolis Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Binopolis Ltd

Company Information

Director

Francesca Nicole Bray

Registered office

Paulton House
Paulton
Bristol
BS39 7SX

Accountants

King Street Accounts Office 4 1st Floor
Victory House
The Sidings
Whalley
Lancashire
BB7 9SE

 

Binopolis Ltd

(Registration number: 08617297)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,174

850

Current assets

 

Stocks

6

-

500

Debtors

7

36,064

22,830

Cash at bank and in hand

 

77,849

82,297

 

113,913

105,627

Creditors: Amounts falling due within one year

8

(104,270)

(108,886)

Net current assets/(liabilities)

 

9,643

(3,259)

Net assets/(liabilities)

 

10,817

(2,409)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

10,815

(2,411)

Shareholders' funds/(deficit)

 

10,817

(2,409)

For the financial period ending 31 December 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 accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 April 2025
 

.........................................
Francesca Nicole Bray
Director

 

Binopolis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Paulton House
Paulton
Bristol
BS39 7SX

These financial statements were authorised for issue by the director on 26 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Binopolis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures & Fittings 33% of cost per annum

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Written off over 4 years on a straight line basis .

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Binopolis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2023 - 2).

 

Binopolis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 October 2023

51,719

51,719

At 31 December 2024

51,719

51,719

Amortisation

At 1 October 2023

51,719

51,719

At 31 December 2024

51,719

51,719

Carrying amount

At 31 December 2024

-

-

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

5,518

5,518

Additions

1,083

1,083

At 31 December 2024

6,601

6,601

Depreciation

At 1 October 2023

4,669

4,669

Charge for the period

758

758

At 31 December 2024

5,427

5,427

Carrying amount

At 31 December 2024

1,174

1,174

At 30 September 2023

850

850

 

Binopolis Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 December 2024

6

Stocks

2024
£

2023
£

Other inventories

-

500

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

11,137

8,002

Amounts owed by related parties

10

21,517

-

Prepayments

 

2,040

-

Other debtors

 

1,370

14,828

   

36,064

22,830

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

59,165

75,426

Taxation and social security

45,105

31,590

Accruals and deferred income

-

1,260

Other creditors

-

610

104,270

108,886

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £40,750.00 (2023 - £22,625.00) per each Ordinary

81,500

45,250

 

 

10

Related party transactions

At the balance sheet date there was no amounts owed to/by the Director . (2023 £14,826 owed by the Directors).