BSUPA Accounts

BSUPA accounts have been published for the year ending 30 April 2021.

Profit and Loss Account for year ended 30 April

	2021 £	2020 £
Turnover	£58,360	£40,641
Event and other direct costs	(5,596)
Gross profit	52,764	40,641
Administrative Expenses	(45,457)	(35,756)
Operating profit	7,307	4,885
Profit before taxation	7,307	4,885
Tax on profit	–	–
Profit for the financial year	7,307	4,885

Balance Sheet as at 30 April 2021

	Notes	2021 £	2020 £
Current assets
Debtors	3	2,259	4,325
Cash at bank and in hand		26,769	10,587
		29,028	14,912
Creditors: amounts falling due within one year	4	(6,809)	(67)
Net current assets		22,219	14,845
Net assets		22,219	14,845
Capital and reserves
Profit and loss account		22,219	14,845
Shareholder’s funds		22,219	14,845

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

1. 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.
   
2. Debtors
   Trade Debtors 2021 £2,259 / 2020 £4,325
   
3. Creditors: amounts falling due within one year
   Trade Creditors 2021 £6,809 / 2020 £67
   
4. Other Information
   BSUPA Limited is a private company limited by shares and incorporated in England. Its registered office is:
   PO Box 9092
   Poole
   BH14 4FF

Detailed profit and loss account

	2021 £	2020 £
Sales
Sales	58,360	40,641
Cost of sales
Carriage	5,596	–
	5,596	–
Administrative expenses
Employee costs:
Travel and subsistence	–	49
	–	49
Premises costs:
Rent	1,300	1,200
	1,300	1,200
General administrative expenses:
General administration fees	21,022	15,800
Telephone etc..	153	–
Postage	6	439
Stationary and printing	5,156	9,078
Subscriptions	3,183	–
Bank charges	58	77
Insurance	8,416	2,754
Software	473	1,825
Repairs and maintenance	1,164	315
Sundry expenses	146	19
	39,777	30,307
Legal and professional costs:
Accountancy fees	500	1,670
Advertising and PR	3,880	2,530
	4,380	4,200
	45,457	35,756

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