| Bingham Accountancy Limited |
| Registered Number:08211970 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Bingham Accountancy Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Bingham Accountancy Limited
Statement of Financial Position
2024
2025
15,057
10,902
2
| Property, plant and equipment |
8,157
7,208
3
23,214
18,110
| Trade and other receivables |
29,201
33,038
5
73,717
| Cash and cash equivalents |
41,184
74,222
102,918
| Trade and other payables: amounts falling due within one |
| year |
(20,207)
(18,562)
6
82,711
55,660
Net current assets
| Total assets less current liabilities |
78,874
100,821
78,874
Net assets
100,821
100
100
78,774
100,721
78,874
100,821
Shareholders' funds
| For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 17 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Bingham Accountancy Limited
Notes to the Financial Statements
Statutory Information
| Bingham Accountancy Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 08211970. |
Omega Court
Second Floor, 368 Cemetery Road
Sheffield
South Yorkshire
S11 8FT
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These |
| policies have been consistently applied to all years presented unless otherwise stated. |
Revenue recognition
| Turnover represents the net invoiced value of accountancy, business consultancy and ancillary services, excluding value added tax. Turnover is recognised on the completion of each contract assignment, in accordance with the contract terms, and by reference to the valuation of time spent. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of new clients in the year ended 31 March 2023, is being amortised evenly over its estimated useful life of seven years. |
Intangible assets
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Property, plant and equipment
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 15% on reducing balance. |
Inventories
| Income on work in progress contracts is recognised by reference to the valuation of the time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs. |
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For the year ended 31 March 2025
Bingham Accountancy Limited
Notes to the Financial Statements Continued
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 amd 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 future taxable profits. |
Debtors and creditors due within one year
| Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. |
| Any losses arising from impairment are recognised in the statement of comprehensive income within administrative |
| expenses. |
Impairment
| At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the |
| individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the |
| assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds |
| its recoverable amount, an impairment loss is recognised in the statement of comprehensive income. |
| 2. Intangible fixed assets |
Goodwill
13,950
6,403
20,353
3,048
2,248
Charge for year
5,296
15,057
10,902
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For the year ended 31 March 2025
Bingham Accountancy Limited
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
13,802
2,391
16,193
| Provision for depreciation and impairment |
6,594
Charge for year
1,442
8,036
8,157
7,208
| Income on work in progress contracts is recognised by reference to the valuation of the time spent on each contract at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up at the year end.Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs. |
| 5. Trade and other receivables |
2024
2025
21,940
17,879
11,098
11,322
29,201
33,038
| 6. Trade and other payables: amounts falling due within one year |
2024
2025
3,582
2,923
| Taxation and social security |
14,894
17,205
86
79
18,562
20,207
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For the year ended 31 March 2025
Bingham Accountancy Limited
Notes to the Financial Statements Continued
| 7. Directors advances and guarantees |
| At the year end, the Director's current account was overdrawn. |
| The overdrawn balance as at the 31st March 2025 was £2,713 |
| The overdrawn balance was repaid in full by the director in April 2025. |
| 8. Average number of persons employed |
During the year the average number of employees was 4 (2024 : 3)
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