REGISTERED NUMBER: 08285430 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

BUSINESS 101 LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

N A Borrill

REGISTERED OFFICE:

Unit 3a

Sutton Fields Industrial Estate

Bergen Way

Hull

E. Yorks

HU7 0YQ

REGISTERED NUMBER:

08285430 (England and Wales)

ACCOUNTANTS:

Majors Limited

57 Spyvee Street

Hull

E. Yorks

HU8 7JJ

FIXED ASSETS

Tangible assets

4

14,822

17,116

CURRENT ASSETS

Debtors

5

94,523

88,768

Cash at bank

3,489

29,649

98,012

118,417

CREDITORS

Amounts falling due within one year

6

44,952

55,734

NET CURRENT ASSETS

53,060

62,683

TOTAL ASSETS LESS CURRENT LIABILITIES

67,882

79,799

CREDITORS

Amounts falling due after more than one year

7

(21,395

)

(27,340

)

PROVISIONS FOR LIABILITIES

(2,816

)

(3,252

)

NET ASSETS

43,671

49,207

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

43,471

49,007

SHAREHOLDERS' FUNDS

43,671

49,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2026 and were signed by:

N A Borrill - Director

1.	STATUTORY INFORMATION

Business 101 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.

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 represents invoiced sales of goods in the financial year.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

41,904

Additions

3,533

At 30 November 2025

45,437

DEPRECIATION

At 1 December 2024

24,788

Charge for year

5,827

At 30 November 2025

30,615

NET BOOK VALUE

At 30 November 2025

14,822

At 30 November 2024

17,116

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

48,357

46,163

Other debtors

31,378

31,825

Directors' current accounts

14,124

8,374

Prepayments and accrued income

664

2,406

94,523

88,768

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,945

5,795

Trade creditors

5,506

19,138

Tax

2,951

6,489

Social security and other taxes

6,539

2,607

VAT

17,709

18,026

Other creditors

1,929

924

Accruals and deferred income

4,373

2,755

44,952

55,734

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans 1-5 years

21,395

27,340

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

N A Borrill

Balance outstanding at start of year

8,374

9,472

Amounts advanced

41,221

29,850

Amounts repaid

(35,471

)

(30,948

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,124

8,374