Bsoleful Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12631941

BSOLEFUL LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

28 May 2024

BSOLEFUL LTD

FINANCIAL STATEMENTS

PERIOD FROM 31 MAY 2023 TO 28 MAY 2024

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

BSOLEFUL LTD

STATEMENT OF FINANCIAL POSITION

28 May 2024

	28 May 24		30 May 23
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		1,308		1,539

CURRENT ASSETS

Stocks		10,300	11,500
Debtors	7	12,567	–
Cash at bank and in hand		9,829	2,908
		--------	--------
		32,696	14,408

CREDITORS: amounts falling due within one year	8	22,784		( 14,827)
		--------		--------
NET CURRENT ASSETS/(LIABILITIES)			55,480		( 419)
			--------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			56,788		1,120

PROVISIONS	( 439)	( 439)
	--------	-------
NET ASSETS	56,349	681
	--------	-------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	56,348	680
	--------	----
SHAREHOLDER FUNDS	56,349	681
	--------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 28 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BSOLEFUL LTD

STATEMENT OF FINANCIAL POSITION (continued)

28 May 2024

These financial statements were approved by the board of directors and authorised for issue on 9 October 2025 , and are signed on behalf of the board by:

S Buck
Director

Company registration number: 12631941

BSOLEFUL LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 31 MAY 2023 TO 28 MAY 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 Roundhay Road, Leeds.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

Deferred tax

Deferred tax is provided using the liability method on all timing differences that have originated but not reversed at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).

5. TAX ON PROFIT

Major components of tax expense

	Period from	Period from
	31 May 23 to	1 Jun 22 to
	28 May 24	30 May 23
	£	£

Current tax:

UK current tax expense	30,876	9,879
	--------	-------
Tax on profit	30,876	9,879
	--------	-------

6. TANGIBLE ASSETS

	Equipment
	£
Cost
At 31 May 2023	3,848
Additions	673
	-------
At 28 May 2024	4,521
	-------
Depreciation
At 31 May 2023	2,309
Charge for the period	904
	-------
At 28 May 2024	3,213
	-------
Carrying amount
At 28 May 2024	1,308
	-------
At 30 May 2023	1,539
	-------

7. DEBTORS

	28 May 24	30 May 23
	£	£
Trade debtors	1,624	–
Other debtors	10,943	–
	--------	----
	12,567	–
	--------	----

8. CREDITORS: amounts falling due within one year

	28 May 24	30 May 23
	£	£
Trade creditors	9,275	66,095
Corporation tax	30,876	9,879
Social security and other taxes	7,544	8,552
Other creditors	( 70,479)	( 69,699)
	--------	--------
	( 22,784)	14,827
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