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Company Registration No. 3969488 (England and Wales)
Binary Ventures Ltd Unaudited accounts for the year ended 30 April 2025
Binary Ventures Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Binary Ventures Ltd Company Information for the year ended 30 April 2025
Director
William R Phillips
Secretary
Alison Phillips
Company Number
3969488 (England and Wales)
Accountants
Zoe Collins 44 Guessens Road Welwyn Garden City Hertfordshire AL8 6RH
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Binary Ventures Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,078
7,448
Investments
5
440
440
8,518
7,888
Current assets
Debtors
6
30,374
27,787
Cash at bank and in hand
52,769
54,480
83,143
82,267
Creditors: amounts falling due within one year
7
(65,052)
(61,294)
Net current assets
18,091
20,973
Net assets
26,609
28,861
Capital and reserves
Called up share capital
100
100
Profit and loss account
26,509
28,761
Shareholders' funds
26,609
28,861
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 20 January 2026 and were signed on its behalf by
William R Phillips Director Company Registration No. 3969488
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Binary Ventures Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Binary Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 3969488.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
897
14,286
15,183
Additions
-
4,686
4,686
At 30 April 2025
897
18,972
19,869
Depreciation
At 1 May 2024
664
7,071
7,735
Charge for the year
192
3,864
4,056
At 30 April 2025
856
10,935
11,791
Net book value
At 30 April 2025
41
8,037
8,078
At 30 April 2024
233
7,215
7,448
5
Investments
Other investments
£
Valuation at 1 May 2024
440
Valuation at 30 April 2025
440
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Binary Ventures Ltd Notes to the Accounts for the year ended 30 April 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
23,040
23,928
Accrued income and prepayments
7,334
3,859
30,374
27,787
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
8,611
8,554
Trade creditors
4,976
588
Taxes and social security
47,234
49,226
Loans from directors
2,310
1,332
Accruals
1,921
1,594
65,052
61,294
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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