Profit and Loss Account for the year ended 30 April 2023

	2023 £	2022 £
Turnover	£67,765	£82,865
Cost of sales	–	(2,750)
Gross profit	67,765	80,115
Administrative Expenses	(64,375)	(35,847)
Operating profit	3,390	44,268
Profit before taxation	3,390	44,268
Tax on profit	–	–
Profit for the financial year	3,390	44,268

Balance Sheet as at 30 April 2023

	Notes	2023 £	2022 £
Current assets
Debtors	3	1,247	4,050
Cash at bank and in hand		50,775	45,675
		52,022	49,725
Creditors: amounts falling due within one year	4	(204)	(1,297)
Net current assets		51,818	48,428
Net assets		51,818	48,428
Capital and reserves
Profit and loss account		51,818	48,428
Shareholder’s funds		51,818	48,428

The directors are satisfied that the company is entitled to exemption from the requirement to obtain
an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of
the Act.

The directors acknowledge their responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions
applicable to companies subject to the small companies regime. The profit and loss account has
not been delivered to the Registrar of Companies.

Notes to the Accounts for the year ended 30 April 2023

Accounting policies

Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as
applied to small entities by section 1A of the standard).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of
discounts and value added taxes. Turnover includes revenue earned from the sale of goods and
from the rendering of services. Turnover from the sale of goods is recognised when the
significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover
from the rendering of services is recognised by reference to the stage of completion of the
contract. The stage of completion of a contract is measured by comparing the costs incurred for
work performed to date to the total estimated contract costs.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially
recognised at transaction price including any transaction costs and subsequently measured at
amortised cost determined using the effective interest method, less any impairment losses for
bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction
costs and subsequently measured at amortised cost determined using the effective interest
method.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past
periods. A current tax asset is recognised in respect of a tax loss that can be carried back to
recover tax paid in a previous period. Deferred tax is recognised in respect of all timing
differences between the recognition of income and expenses in the financial statements and their
inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws
that have been enacted or substantively enacted by the reporting date and that are expected to
apply to the reversal of the timing difference, except for revalued land and investment property
where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets
and liabilities are not discounted.

Employees

	2023	2022
Average number of persons employed by the company	0	0

Notes to the Accounts for the year ended 30 April 2023

Debtors

	2023 £	2022 £
Trade debtors	1,247	4,050

Creditors: amounts falling due within one year

	2023 £	2022 £
Trade creditors	204	1,297

Other Information

BSUPA is a private company limited by shares and incorporated in England. Its registered office
is P O Box 9092 Poole BH14.

Detailed profit and loss account for the year ended 30 April 2023

	2023 £	2022 £
Sales
Sales	67,765	82,865
Cost of sales
Carriage	–	2,750
		–
Administrative expenses
Employee costs:
Administration costs	40,416	–
Staff training and welfare	–	267
Travel and subsistence	438	20
	40,854	287
Premises costs:
Rent	4,320	4,200
	4,320	4,200
General administrative expenses:
General administration fees:
Telephone and internet	343	580
Postage	38	7
Stationary and printing	1,720	18,414
Subscriptions	–	66
Bank charges	3,195	–
Insurance	5,522	4,706
Software	783	696
Repairs and maintenance	1,244	–
Sundry expenses	35	683
	12,880	25,152
Legal and professional costs:
Accountancy fees	1,000	513
Advertising and PR	5,321	5,695
	6,321	6,208
	64,375	35,847