8 31/12/2022 2022-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09749511 2022-01-01 2022-12-31 09749511 2022-12-31 09749511 2021-12-31 09749511 2021-01-01 2021-12-31 09749511 2021-12-31 09749511 core:PlantMachinery 2022-01-01 2022-12-31 09749511 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 09749511 core:MotorVehicles 2022-01-01 2022-12-31 09749511 core:OnerousContractsExcludingVacantProperties 2022-01-01 2022-12-31 09749511 bus:RegisteredOffice 2022-01-01 2022-12-31 09749511 bus:Director1 2022-01-01 2022-12-31 09749511 core:PlantMachinery 2021-12-31 09749511 core:FurnitureFittingsToolsEquipment 2021-12-31 09749511 core:MotorVehicles 2021-12-31 09749511 core:PlantMachinery 2022-12-31 09749511 core:FurnitureFittingsToolsEquipment 2022-12-31 09749511 core:MotorVehicles 2022-12-31 09749511 core:WithinOneYear 2022-12-31 09749511 core:WithinOneYear 2021-12-31 09749511 core:AfterOneYear 2022-12-31 09749511 core:AfterOneYear 2021-12-31 09749511 core:ShareCapital 2022-12-31 09749511 core:ShareCapital 2021-12-31 09749511 core:RetainedEarningsAccumulatedLosses 2022-12-31 09749511 core:RetainedEarningsAccumulatedLosses 2021-12-31 09749511 core:PlantMachinery 2021-12-31 09749511 core:FurnitureFittingsToolsEquipment 2021-12-31 09749511 core:MotorVehicles 2021-12-31 09749511 bus:SmallEntities 2022-01-01 2022-12-31 09749511 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 09749511 bus:FullAccounts 2022-01-01 2022-12-31 09749511 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 09749511 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09749511 core:ComputerEquipment 2022-01-01 2022-12-31 09749511 core:ComputerEquipment 2021-12-31 09749511 core:ComputerEquipment 2022-12-31
Company registration number: 09749511
BSB Floors & Walls Limited
Unaudited filleted financial statements
31 December 2022
BSB Floors & Walls Limited
Directors and other information
Director Benjamin Buckwell
Company number 09749511
Registered office The Grange
The Street
Yatton Keynell
Wiltshire
Business address Unit 5, Avro Way
Bowerhill Industrial Estate
Melksham
Wiltshire
SN12 6TP
BSB Floors & Walls Limited
Statement of financial position
31 December 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 57,782 83,033
_______ _______
57,782 83,033
Current assets
Stocks 96,800 67,250
Debtors 6 286,427 274,989
Cash at bank and in hand 199 -
_______ _______
383,426 342,239
Creditors: amounts falling due
within one year 7 ( 355,546) ( 364,460)
_______ _______
Net current assets/(liabilities) 27,880 ( 22,221)
_______ _______
Total assets less current liabilities 85,662 60,812
Creditors: amounts falling due
after more than one year 8 ( 76,608) ( 41,243)
Provisions for liabilities ( 10,978) ( 15,776)
_______ _______
Net (liabilities)/assets ( 1,924) 3,793
_______ _______
Capital and reserves
Called up share capital 125 125
Profit and loss account ( 2,049) 3,668
_______ _______
Shareholders (deficit)/funds ( 1,924) 3,793
_______ _______
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 November 2023 , and are signed on behalf of the board by:
Benjamin Buckwell
Director
Company registration number: 09749511
BSB Floors & Walls Limited
Notes to the financial statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Grange, The Street, Yatton Keynell, Wiltshire.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in statement of comprehensive income.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % straight line
Fittings fixtures and equipment - 15 % straight line
Motor vehicles - 25 % reducing balance
ICT equipment - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is a reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the employee related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2021: 9 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles IT equipment Total
£ £ £ £ £
Cost
At 1 January 2022 33,910 30,970 69,598 5,113 139,591
Additions - 500 2,750 - 3,250
Disposals - - ( 18,650) - ( 18,650)
_______ _______ _______ _______ _______
At 31 December 2022 33,910 31,470 53,698 5,113 124,191
_______ _______ _______ _______ _______
Depreciation
At 1 January 2022 18,493 7,638 26,368 4,059 56,558
Charge for the year 5,186 4,708 8,516 697 19,107
Disposals - - ( 9,256) - ( 9,256)
_______ _______ _______ _______ _______
At 31 December 2022 23,679 12,346 25,628 4,756 66,409
_______ _______ _______ _______ _______
Carrying amount
At 31 December 2022 10,231 19,124 28,070 357 57,782
_______ _______ _______ _______ _______
At 31 December 2021 15,417 23,332 43,230 1,054 83,033
_______ _______ _______ _______ _______
6. Debtors
2022 2021
£ £
Trade debtors 63,984 80,026
Other debtors 222,443 194,963
_______ _______
286,427 274,989
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 77,039 49,981
Trade creditors 75,526 56,174
Taxes 186,034 215,021
Other creditors 16,947 43,284
_______ _______
355,546 364,460
_______ _______
8. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans and overdrafts 24,304 34,538
Other creditors 52,304 6,705
_______ _______
76,608 41,243
_______ _______