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Company Registration No. 10231031 (England and Wales)
BB Production Services LTD Unaudited accounts for the year ended 30 June 2023
BB Production Services LTD Unaudited accounts Contents
Page
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BB Production Services LTD Company Information for the year ended 30 June 2023
Director
G Burchell
Company Number
10231031 (England and Wales)
Registered Office
22 Woodmancourt Godalming Surrey GU7 2BT
Accountants
Switchfoot Accounting Limited 147 Frimley Road Camberley Surrey GU15 2PS
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BB Production Services LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,585 
14,848 
Current assets
Debtors
37,899 
53,590 
Cash at bank and in hand
48,029 
53,448 
85,928 
107,038 
Creditors: amounts falling due within one year
(19,789)
(34,365)
Net current assets
66,139 
72,673 
Total assets less current liabilities
90,724 
87,521 
Provisions for liabilities
Deferred tax
(4,671)
(2,821)
Net assets
86,053 
84,700 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
86,052 
84,699 
Shareholders' funds
86,053 
84,700 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2023 and were signed on its behalf by
G Burchell Director Company Registration No. 10231031
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BB Production Services LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
BB Production Services LTD is a private company, limited by shares, registered in England and Wales, registration number 10231031. The registered office is 22 Woodmancourt, Godalming, Surrey, GU7 2BT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years on a straight line basis
Motor vehicles
5 years on a straight line basis
Fixtures & fittings
5 years on a straight line basis
Computer equipment
3 years on a straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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BB Production Services LTD Notes to the Accounts for the year ended 30 June 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
48,783 
16,851 
65,634 
Additions
20,700 
579 
21,279 
At 30 June 2023
69,483 
17,430 
86,913 
Depreciation
At 1 July 2022
38,926 
11,860 
50,786 
Charge for the year
8,748 
2,794 
11,542 
At 30 June 2023
47,674 
14,654 
62,328 
Net book value
At 30 June 2023
21,809 
2,776 
24,585 
At 30 June 2022
9,857 
4,991 
14,848 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,611 
2,757 
Trade debtors
34,338 
48,883 
Other debtors
1,950 
1,950 
37,899 
53,590 
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BB Production Services LTD Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
824 
2,231 
Taxes and social security
15,789 
31,941 
Loans from directors
3,176 
193 
19,789 
34,365 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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