Registered number
03225786
B.P.S. (UK) LIMITED
Unaudited Accounts
31 July 2022
B.P.S. (UK) LIMITED
Registered number: 03225786
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 138 184
Current assets
Stocks 700 700
Debtors 4 22,605 17,416
Cash at bank and in hand 7,526 -
30,831 18,116
Creditors: amounts falling due within one year 5 (23,367) (17,832)
Net current assets 7,464 284
Total assets less current liabilities 7,602 468
Creditors: amounts falling due after more than one year 6 (7,127) (9,243)
Net assets/(liabilities) 475 (8,775)
Capital and reserves
Called up share capital 100 100
Profit and loss account 375 (8,875)
Shareholders' funds 475 (8,775)
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.
GILLIAN NOBBS
Director
Approved by the board on 11 October 2023
B.P.S. (UK) LIMITED
Notes to the Accounts
for the year ended 31 July 2022
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, tools & equipment, etc
£
Cost
At 1 August 2021 3,852
At 31 July 2022 3,852
Depreciation
At 1 August 2021 3,668
Charge for the year 46
At 31 July 2022 3,714
Net book value
At 31 July 2022 138
At 31 July 2021 184
4 Debtors 2022 2021
£ £
Trade debtors 5,442 7,508
Other debtors 17,163 9,908
22,605 17,416
Amounts due after more than one year included above 4,210 -
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 1,058 8,034
Trade creditors 3,000 2,000
Taxation and social security costs 17,359 6,348
Other creditors 1,950 1,450
23,367 17,832
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 7,127 9,243
7 Loans 2022 2021
£ £
Creditors include:
Secured bank loans 8,185 17,277
The company has given a debenture in favour of Barclays Bank Plc to secure all monies due thereto.
8 Other information
B.P.S. (UK) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
14 Cedarhurst Drive
London
SE9 5LP
These accounts are presented in Sterling, which is the functional currency of the company.
9 Loans to directors
The directors have been granted loans by the company of £12,954 in total which were outstanding at
the year end. These loans are interest free and unsecured with no fixed date for repayment.
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