The Business Finance Company Limited
|
Registered Number
:
05227124
|
For the year ended 30 September 2021
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2021
The Business Finance Company Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
The Business Finance Company Limited
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
846
649
2
846
649
Trade and other receivables
|
3,812
4,035
3
172,835
Cash and cash equivalents
|
275,987
280,022
176,647
Trade and other payables
:
amounts falling due within one
|
year
|
(17,928)
(37,025)
4
158,719
242,997
Net current assets
Total assets less current liabilities
|
243,843
159,368
243,843
Net assets
159,368
100
100
243,743
159,268
243,843
159,368
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2021 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 23 October 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 September 2021
The Business Finance Company Limited
Notes to the Financial Statements
Statutory Information
The Business Finance Company Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
05227124
.
|
28a Estover Close
Plymouth
Devon
PL6 7PL
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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
.
|
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 30 September 2021
The Business Finance Company Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
17,280
479
17,759
Provision for depreciation and impairment
|
16,631
Charge for year
282
16,913
846
649
3
.
Trade and other receivables
|
2020
2021
4,035
3,812
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
Taxation and social security
|
34,593
16,241
2,432
1,687
37,025
17,928
5
.
Related party transactions
|
G SpencerThe company was under the control of (Controlling Party) during this year.
6
.
Average number of persons employed
|
During the year the average number of employees was 0 (2020 : 1)
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