1 January 2024 false No description of principal activity Taxfiler 2024.6 SC305945business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC3059452023-12-31 SC3059452024-01-012024-12-31 SC305945business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC305945business:FilletedAccounts2024-01-012024-12-31 SC3059452024-12-31 SC305945business:Director12024-01-012024-12-31 SC305945business:Director22024-01-012024-12-31 SC305945business:CompanySecretary12024-01-012024-12-31 SC305945business:RegisteredOffice2024-01-012024-12-31 SC3059452023-12-31 SC305945core:WithinOneYear2024-12-31 SC305945core:WithinOneYear2023-12-31 SC305945core:AfterOneYear2024-12-31 SC305945core:AfterOneYear2023-12-31 SC305945core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC305945core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC305945core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC305945core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC305945core:PreviouslyStatedAmount2024-12-31 SC305945core:PreviouslyStatedAmount2023-12-31 SC305945business:SmallEntities2024-01-012024-12-31 SC305945countries:Scotland2024-01-012024-12-31 SC305945core:PlantMachinery2024-01-012024-12-31 SC305945core:MotorVehicles2024-01-012024-12-31 SC305945core:PlantMachinery2023-12-31 SC305945core:MotorVehicles2023-12-31 SC305945core:PlantMachinery2024-12-31 SC305945core:MotorVehicles2024-12-31 SC305945core:BetweenOneFiveYears2024-12-31 SC305945core:BetweenOneFiveYears2023-12-31 SC305945business:Director122023-12-31 SC305945business:Director122024-01-012024-12-31 SC305945business:Director122024-12-31 SC305945business:Director212023-12-31 SC305945business:Director212024-01-012024-12-31 SC305945business:Director212024-12-31 SC3059452023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC305945 (Scotland)
BINAP LTD Unaudited accounts for the year ended 31 December 2024
BINAP LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
BINAP LTD Company Information for the year ended 31 December 2024
Directors
John Linklater Scott Caseby
Secretary
John Linklater
Company Number
SC305945 (Scotland)
Registered Office
Suite 2b, 2nd Floor Stuart House Eskmills Musselburgh EH21 7PQ Scotland
Accountants
DC Accountancy Services (Edinburgh) Ltd 105 Forrest Place Armadale West Lothian EH48 2GZ
- 3 -
BINAP LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
26,160 
24,525 
Current assets
Inventories
2,000 
2,000 
Debtors
5
144,651 
152,105 
Cash at bank and in hand
944 
7,229 
147,595 
161,334 
Creditors: amounts falling due within one year
6
(127,698)
(134,847)
Net current assets
19,897 
26,487 
Total assets less current liabilities
46,057 
51,012 
Creditors: amounts falling due after more than one year
7
(26,758)
(31,758)
Provisions for liabilities
Deferred tax
(6,540)
(6,131)
Net assets
12,759 
13,123 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
12,659 
13,023 
Shareholders' funds
12,759 
13,123 
For the year ending 31 December 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 29 September 2025 and were signed on its behalf by
John Linklater Director Company Registration No. SC305945
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BINAP LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BINAP LTD is a private company, limited by shares, registered in Scotland, registration number SC305945. The registered office is Suite 2b, 2nd Floor Stuart House, Eskmills, Musselburgh, EH21 7PQ, Scotland.
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.
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:
Plant & machinery
20% Straight Line Basis
Motor vehicles
25% Straight Line Basis
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
BINAP LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
62,931 
41,384 
104,315 
Additions
1,023 
16,995 
18,018 
Disposals
- 
(7,500)
(7,500)
At 31 December 2024
63,954 
50,879 
114,833 
Depreciation
At 1 January 2024
57,161 
22,629 
79,790 
Charge for the year
2,538 
12,720 
15,258 
On disposals
- 
(6,375)
(6,375)
At 31 December 2024
59,699 
28,974 
88,673 
Net book value
At 31 December 2024
4,255 
21,905 
26,160 
At 31 December 2023
5,770 
18,755 
24,525 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
115,858 
120,836 
Other debtors
28,793 
31,269 
144,651 
152,105 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
VAT
51,239 
56,563 
Trade creditors
879 
786 
Taxes and social security
41,867 
57,682 
Other creditors
2,740 
2,291 
Loans from directors
23,462 
10,396 
Accruals
2,511 
2,129 
127,698 
134,847 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,758 
31,758 
- 6 -
BINAP LTD Notes to the Accounts for the year ended 31 December 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
9,000 
7,800 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
John Linklater
(10,396)
- 
13,066 
(23,462)
Scott Caseby
31,269 
28,793 
31,269 
28,793 
20,873 
28,793 
44,335 
5,331 
10
Average number of employees
During the year the average number of employees was 16 (2023: 18).
- 7 -