Company Registration No. SC611699 (Scotland)
BINARY POINT LTD
Unaudited accounts
for the year ended 31 October 2024
BINARY POINT LTD
Unaudited accounts
Contents
BINARY POINT LTD
Company Information
for the year ended 31 October 2024
Company Number
SC611699 (Scotland)
Registered Office
C/O Taxkings Limited
Bath Street
Glasgow
Scotland
G2 4HG
Accountants
TaxKings Ltd
4th Floor, 176 Bath Street
Glasgow
G2 4HG
BINARY POINT LTD
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
8,681
1,751
Creditors: amounts falling due within one year
(576)
9,450
Net current assets
8,105
11,201
Total assets less current liabilities
8,105
11,201
Creditors: amounts falling due after more than one year
(9,652)
(11,734)
Net liabilities
(1,547)
(533)
Called up share capital
1,000
1,000
Profit and loss account
(2,547)
(1,533)
Shareholders' funds
(1,547)
(533)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 8 July 2025 and were signed on its behalf by
Dario Nesterovic
Director
Company Registration No. SC611699
BINARY POINT LTD
Notes to the Accounts
for the year ended 31 October 2024
BINARY POINT LTD is a private company, limited by shares, registered in Scotland, registration number SC611699. The registered office is C/O Taxkings Limited, Bath Street, Glasgow, Scotland, G2 4HG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Computer equipment
33% of the cost
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
-
(9,804)
BINARY POINT LTD
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).