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Company registration number: NI643830
B & S Tool Supplies Ltd
Unaudited filleted financial statements
31 January 2023
B & S Tool Supplies Ltd
Contents
Directors and other information
Statement of financial position and notes to the financial statements
B & S Tool Supplies Ltd
Directors and other information
Directors Mr Peter Speirs
Mrs Shauna Speirs
Company number NI643830
Registered office 84-86 Rainey Street
Magherafelt
Derry
BT45 5AH
Bankers Bank of Ireland
Market Street
Magherafelt
BT45 6EE
B & S Tool Supplies Ltd
Statement of financial position
31 January 2023
2023 2022
£ £ £ £
Fixed assets 37,856 44,926
_______ _______
Current assets 297,603 313,529
Prepayments and accrued income 192 331
_______ _______
297,795 313,860
Creditors: amounts falling due within one year ( 202,698) ( 228,977)
_______ _______
Net current assets 95,097 84,883
_______ _______
Total assets less current liabilities 132,953 129,809
Accruals and deferred income ( 4,462) ( 2,435)
_______ _______
Net assets 128,491 127,374
_______ _______
Capital and reserves 128,491 127,374
_______ _______
Notes to the financial statements
B & S Tool Supplies Ltd
Year ended 31 January 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Peter Speirs ( 108,447) - - ( 108,447)
Mr Michael Bates - - - -
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Peter Speirs ( 55,132) ( 53,692) 377 ( 108,447)
Mr Michael Bates ( 51,203) 51,203 - -
_______ _______ _______ _______
( 106,335) ( 2,489) 377 ( 108,447)
_______ _______ _______ _______
Included in creditors is a loan from the director Peter Speirs. It is an interest free loan and repayable on demand. The balance owed to Peter Speirs at 31 Jan 2023 was £108,447. (31 Jan 22 £108,447).
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 11 October 2023 , and are signed on behalf of the board by:
Mr Peter Speirs
Director
Company registration number: NI643830
The company is a private company limited by shares, registered in N.Ireland.