Company Registration No. 4582250 (England and Wales)
PROFILE - THE BUSINESS SOLUTIONS COMPANY LIMITED
Unaudited accounts
for the year ended 31 March 2021
PROFILE - THE BUSINESS SOLUTIONS COMPANY LIMITED
Unaudited accounts
Contents
PROFILE - THE BUSINESS SOLUTIONS COMPANY LIMITED
Company Information
for the year ended 31 March 2021
Directors
M Clement
C Moffatt-Lonsdale
Company Number
4582250 (England and Wales)
Registered Office
106 Cemetery Road
Southport
PR8 5EF
Accountants
Henshaws Accountants
Office 7
37-39 Shakespeare Street
Southport
PR8 5AB
PROFILE - THE BUSINESS SOLUTIONS COMPANY LIMITED
Statement of financial position
as at 31 March 2021
Intangible assets
112,787
112,787
Cash at bank and in hand
6,879
1,438
Creditors: amounts falling due within one year
(1,054)
(8,714)
Net current assets
39,335
25,188
Total assets less current liabilities
152,856
138,075
Creditors: amounts falling due after more than one year
(14,858)
-
Net assets
137,998
138,075
Called up share capital
1,000
1,000
Revaluation reserve
130,000
130,000
Profit and loss account
2,998
3,075
Shareholders' funds
137,998
138,075
For the year ending 31 March 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 8 November 2021 and were signed on its behalf by
C Moffatt-Lonsdale
Director
Company Registration No. 4582250
PROFILE - THE BUSINESS SOLUTIONS COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2021
PROFILE - THE BUSINESS SOLUTIONS COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4582250. The registered office is 106 Cemetery Road, Southport, PR8 5EF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
PROFILE - THE BUSINESS SOLUTIONS COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2021
5
Tangible fixed assets
Plant & machinery
6
Investments
Other investments
Valuation at 1 April 2020
100
Valuation at 31 March 2021
100
7
Debtors: amounts falling due within one year
2021
2020
Trade debtors
25,024
29,978
8
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
2,190
Trade creditors
1,545
2,790
Taxes and social security
-
1,250
Other creditors
2,401
2,401
Loans from directors
(2,892)
83
9
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
PROFILE - THE BUSINESS SOLUTIONS COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2021
11
Average number of employees
During the year the average number of employees was 0 (2020: 0).
