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REGISTERED NUMBER: 08285430 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BUSINESS 101 LIMITED

BUSINESS 101 LIMITED (REGISTERED NUMBER: 08285430)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BUSINESS 101 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: N A Borrill





REGISTERED OFFICE: Unit 3a
Sutton Fields Industrial Estate
Bergen Way
Hull
E. Yorks
HU7 0YQ





REGISTERED NUMBER: 08285430 (England and Wales)





ACCOUNTANTS: Majors Limited
57 Spyvee Street
Hull
E. Yorks
HU8 7JJ

BUSINESS 101 LIMITED (REGISTERED NUMBER: 08285430)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,116 11,358

CURRENT ASSETS
Debtors 5 88,768 67,943
Cash at bank 29,649 14,177
118,417 82,120
CREDITORS
Amounts falling due within one year 6 55,734 28,029
NET CURRENT ASSETS 62,683 54,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,799

65,449

CREDITORS
Amounts falling due after more than
one year

7

(27,340

)

(33,135

)

PROVISIONS FOR LIABILITIES (3,252 ) (2,158 )
NET ASSETS 49,207 30,156

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 49,007 29,956
SHAREHOLDERS' FUNDS 49,207 30,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BUSINESS 101 LIMITED (REGISTERED NUMBER: 08285430)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 6 August 2025 and were signed by:





N A Borrill - Director


BUSINESS 101 LIMITED (REGISTERED NUMBER: 08285430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Business 101 Limited 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.

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 represents invoiced sales of goods in the financial year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BUSINESS 101 LIMITED (REGISTERED NUMBER: 08285430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 December 2023 40,310
Additions 10,700
Disposals (9,106 )
At 30 November 2024 41,904
DEPRECIATION
At 1 December 2023 28,952
Charge for year 4,942
Eliminated on disposal (9,106 )
At 30 November 2024 24,788
NET BOOK VALUE
At 30 November 2024 17,116
At 30 November 2023 11,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,163 26,836
Other debtors 31,825 30,300
Directors' current accounts 8,374 9,472
Prepayments and accrued income 2,406 1,335
88,768 67,943

BUSINESS 101 LIMITED (REGISTERED NUMBER: 08285430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,795 5,650
Trade creditors 19,138 3,152
Tax 6,489 5,576
Social security and other taxes 2,607 814
VAT 18,026 10,747
Other creditors 924 710
Accruals and deferred income 2,755 1,380
55,734 28,029

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1-5 years 27,340 33,135

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
N A Borrill
Balance outstanding at start of year 9,472 1,453
Amounts advanced 29,850 32,218
Amounts repaid (30,948 ) (24,199 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,374 9,472