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REGISTERED NUMBER: 05125689 (England and Wales)



Financial Statements for the Year Ended 31 May 2022

for

B F Darlow Limited

B F Darlow Limited (Registered number: 05125689)

Contents of the Financial Statements
for the Year Ended 31 May 2022










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


B F Darlow Limited

Company Information
for the Year Ended 31 May 2022







DIRECTORS: Mr D Darlow
Mrs K A Darlow





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 05125689 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

B F Darlow Limited (Registered number: 05125689)

Statement of Financial Position
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,329 1,476
Tangible assets 5 381,375 385,790
382,704 387,266

CURRENT ASSETS
Stocks 6 13,733 12,453
Debtors 7 143,753 122,612
Cash at bank 31,190 21,007
188,676 156,072
CREDITORS
Amounts falling due within one year 8 238,488 215,699
NET CURRENT LIABILITIES (49,812 ) (59,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,892

327,639

CREDITORS
Amounts falling due after more than one year 9 73,509 89,077
NET ASSETS 259,383 238,562

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 258,383 237,562
SHAREHOLDERS' FUNDS 259,383 238,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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.

B F Darlow Limited (Registered number: 05125689)

Statement of Financial Position - continued
31 May 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





Mr D Darlow - Director


B F Darlow Limited (Registered number: 05125689)

Notes to the Financial Statements
for the Year Ended 31 May 2022


1. STATUTORY INFORMATION

B F Darlow 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
This includes Work in progress and is valued at cost price of goods and labour.

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 statement of financial position date.


B F Darlow Limited (Registered number: 05125689)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022


2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2021
and 31 May 2022 2,500
AMORTISATION
At 1 June 2021 1,024
Amortisation for year 147
At 31 May 2022 1,171
NET BOOK VALUE
At 31 May 2022 1,329
At 31 May 2021 1,476

B F Darlow Limited (Registered number: 05125689)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2021 350,746 48,268 120,710
Additions - 4,495 -
At 31 May 2022 350,746 52,763 120,710
DEPRECIATION
At 1 June 2021 - 31,055 113,716
Charge for year - 5,427 1,749
At 31 May 2022 - 36,482 115,465
NET BOOK VALUE
At 31 May 2022 350,746 16,281 5,245
At 31 May 2021 350,746 17,213 6,994

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2021 16,024 27,995 563,743
Additions - 1,300 5,795
At 31 May 2022 16,024 29,295 569,538
DEPRECIATION
At 1 June 2021 7,493 25,689 177,953
Charge for year 2,133 901 10,210
At 31 May 2022 9,626 26,590 188,163
NET BOOK VALUE
At 31 May 2022 6,398 2,705 381,375
At 31 May 2021 8,531 2,306 385,790

No depreciation is charged to the freehold property

Fixed Assets were re-valued to £350,746 on 1st June 2010 by the directors.

B F Darlow Limited (Registered number: 05125689)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022


6. STOCKS
31.5.22 31.5.21
£    £   
Work-in-progress 13,733 12,453

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade debtors 104,878 95,970
Amounts owed by participating interests 5,675 26,073
VAT - 569
Prepayments 33,200 -
143,753 122,612

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans and overdrafts (see note 10) 33,936 -
Trade Creditors 106,090 63,435
Tax 16,642 14,453
Social security and other taxes 2,824 4,085
BBLS Loan 44,444 50,000
VAT 9,768 -
Llyods Credit Card 5,411 8,714
Directors' current accounts 19,373 75,012
238,488 215,699

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.22 31.5.21
£    £   
Other loans (see note 10) 73,509 89,077

10. LOANS

An analysis of the maturity of loans is given below:

31.5.22 31.5.21
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 33,936 -

Amounts falling due between one and two years:
Other loans - 1-2 years 73,509 89,077

B F Darlow Limited (Registered number: 05125689)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.22 31.5.21
value: £    £   
200 Ordinary £1 1,000 1,000

12. RESERVES
Retained
earnings
£   

At 1 June 2021 237,562
Profit for the year 70,821
Dividends (50,000 )
At 31 May 2022 258,383