Company Registration No. SC094490 (Scotland)
Business Partnership Limited
Unaudited accounts
for the year ended 31 March 2023
Business Partnership Limited
Unaudited accounts
Contents
Business Partnership Limited
Company Information
for the year ended 31 March 2023
Directors
David Forbes Hogg
Keith Mcdonald Barbour
Ian Logan Young
Richard Witney
Catriona Margaret Binnie Miller
Karen Joy Ritchie
George Archibald
Company Number
SC094490 (Scotland)
Registered Office
Moulsdale House
24 Milton Road East
Edinburgh
EH15 2PP
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
Business Partnership Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
267,924
134,624
Creditors: amounts falling due within one year
(193,474)
(160,477)
Net current assets
145,164
115,393
Net assets
145,893
117,977
Profit and loss account
145,893
117,977
Members' funds
145,893
117,977
For the year ending 31 March 2023 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 29 August 2023 and were signed on its behalf by
Karen Joy Ritchie
Director
Company Registration No. SC094490
Business Partnership Limited
Notes to the Accounts
for the year ended 31 March 2023
Business Partnership Limited is a private company, limited by guarantee, registered in Scotland, registration number SC094490. The registered office is Moulsdale House, 24 Milton Road East , Edinburgh, EH15 2PP, Scotland.
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.
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 historic cost convention.
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to
continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes
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
20% straight line
Computer equipment
33% reducing balance
Investments in subsidiaries
Investments in shares are included at cost.
The company operates a defined contribution pension scheme. Contributions payable to the
company’s pension scheme are charged to profit and loss in the period to which they relate.
Business Partnership Limited
Notes to the Accounts
for the year ended 31 March 2023
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
8,015
13,838
21,853
At 31 March 2023
8,015
13,838
21,853
At 1 April 2022
8,015
11,354
19,369
Charge for the year
-
1,855
1,855
At 31 March 2023
8,015
13,209
21,224
At 31 March 2023
-
629
629
At 31 March 2022
-
2,484
2,484
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Investments
Subsidiary undertakings
Valuation at 1 April 2022
100
Valuation at 31 March 2023
100
Amounts falling due within one year
Trade debtors
62,567
125,395
Accrued income and prepayments
1,306
1,187
Other debtors
6,841
14,664
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,395
(1,937)
Amounts owed to group undertakings and other participating interests
52,799
50,431
Taxes and social security
11,113
8,633
Other creditors
1,813
8,542
Deferred income
83,872
24,700
Business Partnership Limited
Notes to the Accounts
for the year ended 31 March 2023
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 26 (2022: 27).