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Company Registration No. 05829551 (England and Wales)
Business Measurement Ltd Unaudited accounts for the year ended 30 June 2024
Business Measurement Ltd Unaudited accounts Contents
Page
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Business Measurement Ltd Company Information for the year ended 30 June 2024
Directors
Charlotte Buchanan Thornley Gibson Philip Iain Houston Daniel David Martin Hurst
Company Number
05829551 (England and Wales)
Registered Office
40 Hoghton Street Southport Merseyside PR9 0PQ
Accountants
J A Fell & Co 40 Hoghton Street Southport Merseyside PR9 0PQ
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Business Measurement Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
917 
1,040 
Tangible assets
6,114 
5,720 
7,031 
6,760 
Current assets
Inventories
1,809 
1,786 
Debtors
119,057 
97,918 
Cash at bank and in hand
107,720 
53,356 
228,586 
153,060 
Creditors: amounts falling due within one year
(72,459)
(60,674)
Net current assets
156,127 
92,386 
Total assets less current liabilities
163,158 
99,146 
Provisions for liabilities
Deferred tax
(1,335)
(1,004)
Net assets
161,823 
98,142 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
161,821 
98,140 
Shareholders' funds
161,823 
98,142 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
Charlotte Buchanan Thornley Gibson Director Company Registration No. 05829551
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Business Measurement Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Business Measurement Ltd is a private company, limited by shares, registered in England and Wales, registration number 05829551. The registered office is 40 Hoghton Street, Southport, Merseyside, PR9 0PQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Business Measurement Ltd Notes to the Accounts for the year ended 30 June 2024
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Pension costs
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
1,236 
At 30 June 2024
1,236 
Amortisation
At 1 July 2023
196 
Charge for the year
123 
At 30 June 2024
319 
Net book value
At 30 June 2024
917 
At 30 June 2023
1,040 
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Business Measurement Ltd Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
279 
14,471 
14,750 
Additions
- 
2,624 
2,624 
At 30 June 2024
279 
17,095 
17,374 
Depreciation
At 1 July 2023
279 
8,751 
9,030 
Charge for the year
- 
2,230 
2,230 
At 30 June 2024
279 
10,981 
11,260 
Net book value
At 30 June 2024
- 
6,114 
6,114 
At 30 June 2023
- 
5,720 
5,720 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
69,121 
64,376 
Amounts due from group undertakings etc.
26,250 
- 
Accrued income and prepayments
13,049 
9,825 
Other debtors
10,637 
23,717 
119,057 
97,918 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,712 
15,734 
Trade creditors
19,390 
15,590 
Taxes and social security
7,427 
4,858 
Other creditors
14,944 
11,445 
Accruals
13,986 
13,047 
72,459 
60,674 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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