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REGISTERED NUMBER: 03006984 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BAC OFFICE EQUIPMENT LIMITED

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAC OFFICE EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: M J Decieco





REGISTERED OFFICE: Unit 25
Boundary Business Centre
Boundary Way
Woking
Surrey
GU21 5DH





REGISTERED NUMBER: 03006984 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Hyde House
19 Station Road
Addlestone
Surrey
KT15 2AL

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,724 19,559
Investments 5 116,535 98,052
144,259 117,611

CURRENT ASSETS
Stocks 41,600 37,800
Debtors 6 126,043 104,866
Cash at bank 830,135 737,523
997,778 880,189
CREDITORS
Amounts falling due within one year 7 359,625 336,153
NET CURRENT ASSETS 638,153 544,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

782,412

661,647

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 8 23,840 17,357
Retained earnings 748,572 634,290
SHAREHOLDERS' FUNDS 782,412 661,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





M J Decieco - Director


BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

BAC Office Equipment 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 as modified by the revaluation of certain assets.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2020 - 10 ) .

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 120,433
Additions 25,227
Disposals (14,098 )
At 31 December 2021 131,562
DEPRECIATION
At 1 January 2021 100,874
Charge for year 17,062
Eliminated on disposal (14,098 )
At 31 December 2021 103,838
NET BOOK VALUE
At 31 December 2021 27,724
At 31 December 2020 19,559

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2021 98,052
Additions 12,000
Revaluations 6,483
At 31 December 2021 116,535
NET BOOK VALUE
At 31 December 2021 116,535
At 31 December 2020 98,052

Cost or valuation at 31 December 2021 is represented by:

Other
investments
£   
Valuation in 2021 116,535

BAC OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 03006984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.21 31.12.20
£    £   
Cost 92,695 80,695
Aggregate provisions (23,840 ) (17,357 )

Fixed asset investments were valued on an open market basis on 31 December 2021 by Quilter .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 126,043 81,098
Other debtors - 23,768
126,043 104,866

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 77,296 85,695
Hire purchase contracts 8,058 -
Trade creditors 138,231 50,958
Taxation and social security 133,048 185,189
Other creditors 2,992 14,311
359,625 336,153

8. RESERVES
Revaluation
reserve
£   
At 1 January 2021 17,357
Revaluation reserve 6,483

At 31 December 2021 23,840