Business Intelligence Systems Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03352566 (England and Wales)

Business Intelligence Systems Limited

Unaudited Financial Statements

for the Year Ended 15th April 2023

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms T Pelpola

Mr R Pelpola

SECRETARY:

Ms T Pelpola

REGISTERED OFFICE:

69 Lambeth Walk

London

SE11 6DX

REGISTERED NUMBER:

03352566 (England and Wales)

ACCOUNTANTS:

Naail & Co

Chartered Certified Accountants

69 Lambeth Walk

London

SE11 6DX

FIXED ASSETS

Property, plant and equipment

4

2,709

3,611

CURRENT ASSETS

Debtors

102,635

103,417

Cash at bank and in hand

4,989

1,529

107,624

104,946

CREDITORS

Amounts falling due within one year

93,348

86,203

NET CURRENT ASSETS

14,276

18,743

TOTAL ASSETS LESS CURRENT LIABILITIES

16,985

22,354

CREDITORS

Amounts falling due after more than one year

(16,250

)

(21,667

)

PROVISIONS FOR LIABILITIES

6

(515

)

(539

)

NET ASSETS

220

148

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

120

48

SHAREHOLDERS' FUNDS

220

148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 15th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 15th April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 15th April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th January 2024 and were signed on its behalf by:

Mr R Pelpola - Director

1.	STATUTORY INFORMATION

Business Intelligence Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when the right to consideration becomes due.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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.

Going concern

In the director's assessment of the company's ability to continue as a going concern, there are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 16th April 2022

and 15th April 2023

83,110

DEPRECIATION

At 16th April 2022

79,499

Charge for year

902

At 15th April 2023

80,401

NET BOOK VALUE

At 15th April 2023

2,709

At 15th April 2022

3,611

5.

LOANS

An analysis of the maturity of loans is given below:

2023

2022

£

£

Amounts falling due between one and two years:

Bank loans and overdrafts

16,250

21,667

6.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

515

539

Deferred

tax

£

Balance at 16th April 2022

539

Provided during year

(24

)

Balance at 15th April 2023

515

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

1

100

100

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £78,200 were paid to the directors .

At the reporting date, Mr Pelpola owed £61,163 (2022 - £61,163) to the company.