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REGISTERED NUMBER: 01210469 (England and Wales)















HANDICENTRE (BINGHAM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






HANDICENTRE (BINGHAM) LIMITED (REGISTERED NUMBER: 01210469)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


HANDICENTRE (BINGHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Ms S Webster
M A Harwood
A C Balls





REGISTERED OFFICE: 5-7 Queen Street
Southwell
Nottinghamshire
NG25 0AA





REGISTERED NUMBER: 01210469 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

HANDICENTRE (BINGHAM) LIMITED (REGISTERED NUMBER: 01210469)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 57,939 74,541

CURRENT ASSETS
Inventories 354,548 335,896
Debtors 5 97,025 110,805
Cash at bank and in hand 94,934 42,130
546,507 488,831
CREDITORS
Amounts falling due within one year 6 411,667 429,231
NET CURRENT ASSETS 134,840 59,600
TOTAL ASSETS LESS CURRENT LIABILITIES 192,779 134,141

CREDITORS
Amounts falling due after more than one year 7 - (2,599 )

PROVISIONS FOR LIABILITIES (14,485 ) (14,163 )
NET ASSETS 178,294 117,379

CAPITAL AND RESERVES
Called up share capital 8 68,000 68,000
Capital redemption reserve 32,000 32,000
Retained earnings 78,294 17,379
SHAREHOLDERS' FUNDS 178,294 117,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:




Ms S Webster - Director


HANDICENTRE (BINGHAM) LIMITED (REGISTERED NUMBER: 01210469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Handicentre (Bingham) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

HANDICENTRE (BINGHAM) LIMITED (REGISTERED NUMBER: 01210469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 34 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022 208,792
Additions 3,400
Disposals (7,995 )
At 31 July 2023 204,197
DEPRECIATION
At 1 August 2022 134,251
Charge for year 18,935
Eliminated on disposal (6,928 )
At 31 July 2023 146,258
NET BOOK VALUE
At 31 July 2023 57,939
At 31 July 2022 74,541

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 82,992 90,808
Other debtors 14,033 19,997
97,025 110,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,599 4,648
Trade creditors 150,411 165,809
Amounts owed to group undertakings 187,232 208,232
Taxation and social security 62,628 37,948
Other creditors 8,797 12,594
411,667 429,231

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,599

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
68,000 Ordinary £1 68,000 68,000

HANDICENTRE (BINGHAM) LIMITED (REGISTERED NUMBER: 01210469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. OTHER FINANCIAL COMMITMENTS

The company had commitments due as follows;
31.7.2331.7.22
££
Within one year119,976121,416
Between one and two years42,50045,976
Between two and five years127,500127,500
Over five years212,500255,000
502,476549,892

Financial commitments with no specific lease term have been included within one year.