REGISTERED NUMBER: 03716335 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BANKSIDE SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I S Rogerson

M J Weaver

REGISTERED OFFICE:

Bankside

154 St Stephens Road

Hounslow

TW3 2BW

REGISTERED NUMBER:

03716335 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

1,819

1,411

CURRENT ASSETS

Debtors

5

49,317

43,878

Cash at bank

430,389

470,576

479,706

514,454

CREDITORS

Amounts falling due within one year

6

256,860

232,702

NET CURRENT ASSETS

222,846

281,752

TOTAL ASSETS LESS CURRENT LIABILITIES

224,665

283,163

PROVISIONS FOR LIABILITIES

455

814

NET ASSETS

224,210

282,349

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

224,207

282,346

224,210

282,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

I S Rogerson - Director

M J Weaver - Director

1.	STATUTORY INFORMATION

Bankside Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern

The directors have considered the risks and issues concerning the company and its activities, and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2024

2,532

19,149

21,681

Additions

-

1,518

1,518

At 28 February 2025

2,532

20,667

23,199

DEPRECIATION

At 1 March 2024

2,244

18,026

20,270

Charge for year

146

964

1,110

At 28 February 2025

2,390

18,990

21,380

NET BOOK VALUE

At 28 February 2025

142

1,677

1,819

At 29 February 2024

288

1,123

1,411

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

35,452

37,703

Prepayments & accrued income

13,865

6,175

49,317

43,878

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

960

Corporation Tax

19,857

16,398

Social security and other taxes

3,618

3,555

Pensions Payable

437

566

VAT

18,816

20,211

Other creditors

73,101

87,126

Directors' loan accounts

1,120

1,248

Accruals and deferred income

139,911

102,638

256,860

232,702

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

I S Rogerson

Balance outstanding at start of year

(624

)

-

Amounts advanced

376

-

Amounts repaid

(312

)

(624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(560

)

(624

)

M J Weaver

Balance outstanding at start of year

(624

)

-

Amounts advanced

376

-

Amounts repaid

(312

)

(624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(560

)

(624

)

No interest is being charged on the loan account and there are no set repayment terms.