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REGISTERED NUMBER: 01231902 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

R. W. Badland Limited

R. W. Badland Limited (Registered number: 01231902)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R. W. Badland Limited

Company Information
for the year ended 30 April 2023







DIRECTORS: R W Badland
Mrs V N Badland
G W Badland
A D Badland



SECRETARY: R W Badland



REGISTERED OFFICE: Unit 3
Providence Street
Lye
Stourbridge
West Midlands
DY9 8HN



REGISTERED NUMBER: 01231902 (England and Wales)



ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN



BANKERS: HSBC Bank plc
Stourbridge
114 High Street
Stourbridge
West Midlands
DY8 1DZ

R. W. Badland Limited (Registered number: 01231902)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 408,961 348,530

CURRENT ASSETS
Stocks 78,054 63,249
Debtors 5 190,829 247,605
Cash at bank and in hand 1,096,175 1,017,728
1,365,058 1,328,582
CREDITORS
Amounts falling due within one year 6 236,321 170,205
NET CURRENT ASSETS 1,128,737 1,158,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,537,698

1,506,907

PROVISIONS FOR LIABILITIES 4,356 6,129
NET ASSETS 1,533,342 1,500,778

CAPITAL AND RESERVES
Called up share capital 104 102
Revaluation reserve 7 163,067 163,067
Retained earnings 1,370,171 1,337,609
SHAREHOLDERS' FUNDS 1,533,342 1,500,778

R. W. Badland Limited (Registered number: 01231902)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





G W Badland - Director


R. W. Badland Limited (Registered number: 01231902)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

R. W. Badland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Sale of goods - Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - Straight line over 50 years
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.


R. W. Badland Limited (Registered number: 01231902)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 25 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 304,867 472,772 777,639
Additions - 112,693 112,693
Disposals - (47,553 ) (47,553 )
At 30 April 2023 304,867 537,912 842,779
DEPRECIATION
At 1 May 2022 - 429,109 429,109
Charge for year 6,097 40,264 46,361
Eliminated on disposal - (41,652 ) (41,652 )
At 30 April 2023 6,097 427,721 433,818
NET BOOK VALUE
At 30 April 2023 298,770 110,191 408,961
At 30 April 2022 304,867 43,663 348,530

R. W. Badland Limited (Registered number: 01231902)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 30,000 (2022 - £ 30,000 ) which is not depreciated.

On 21 September 2012, the company had the Freehold land and buildings revalued at £160,000 by Walton & Hipkiss - Chartered Surveyors. The company has elected to use this most recent valuation as its deemed cost under FRS 102 at its transition date of 30 April 2015 and no further adjustment is required.

Then on 17 March 2022, the company had the Freehold land and buildings revalued at £304,867 by Rebuild Cost Assessment Limited chartered Surveyors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 136,802 203,065
Other debtors 54,027 44,540
190,829 247,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 163,140 110,812
Taxation and social security 50,630 52,363
Other creditors 22,551 7,030
236,321 170,205

7. RESERVES
Revaluation
reserve
£   
At 1 May 2022
and 30 April 2023 163,067

R. W. Badland Limited (Registered number: 01231902)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
G W Badland
Balance outstanding at start of year 11,085 11,585
Amounts advanced 746 250
Amounts repaid (600 ) (750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,231 11,085

A D Badland
Balance outstanding at start of year 11,723 13,223
Amounts advanced 10,738 250
Amounts repaid (1,312 ) (1,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,149 11,723