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REGISTERED NUMBER: 09498560 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Bardonrich Ltd

Bardonrich Ltd (Registered number: 09498560)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bardonrich Ltd

Company Information
for the year ended 30 June 2023







DIRECTORS: R Watkin
P I Harrison
D W Bircham
B Horne
Miss C Alty





REGISTERED OFFICE: Maesgwyn Hall
Mold Road
Wrexham
Wrexham
LL11 2AF





REGISTERED NUMBER: 09498560 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Bardonrich Ltd (Registered number: 09498560)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,016,049 2,062,476

CURRENT ASSETS
Stocks 104,500 76,039
Debtors 5 108,485 91,126
Cash at bank and in hand 152,425 178,598
365,410 345,763
CREDITORS
Amounts falling due within one year 6 698,572 657,322
NET CURRENT LIABILITIES (333,162 ) (311,559 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,682,887 1,750,917

CREDITORS
Amounts falling due after more than one year 7 (261,785 ) (283,082 )

PROVISIONS FOR LIABILITIES (188,715 ) (200,705 )
NET ASSETS 1,232,387 1,267,130

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 19,990 19,990
Retained earnings 1,212,297 1,247,040
SHAREHOLDERS' FUNDS 1,232,387 1,267,130

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 15 February 2024 and were signed on its behalf by:





R Watkin - Director


Bardonrich Ltd (Registered number: 09498560)

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

1. STATUTORY INFORMATION

Bardonrich Ltd 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.

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

The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property - 5% straight line
Plant and machinery - 25% straight line

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 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 balance sheet date.

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.

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.

Bardonrich Ltd (Registered number: 09498560)

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

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 103 (2022 - 97 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 July 2022 349,149 1,832,670 720,963 2,902,782
Additions 13,599 112,128 78,346 204,073
Disposals - (1,693 ) (36,333 ) (38,026 )
At 30 June 2023 362,748 1,943,105 762,976 3,068,829
DEPRECIATION
At 1 July 2022 6,983 357,075 476,248 840,306
Charge for year 18,139 97,226 125,518 240,883
Eliminated on disposal - (225 ) (28,184 ) (28,409 )
At 30 June 2023 25,122 454,076 573,582 1,052,780
NET BOOK VALUE
At 30 June 2023 337,626 1,489,029 189,394 2,016,049
At 30 June 2022 342,166 1,475,595 244,715 2,062,476

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,488 17,108
Other debtors 2,500 2,500
Prepayments 86,497 71,518
108,485 91,126

Bardonrich Ltd (Registered number: 09498560)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,923 33,204
Trade creditors 324,634 274,734
Tax 53,791 53,682
Social security & other taxes 21,372 21,208
VAT 147,073 153,056
Other creditors 76,716 31,754
Directors' current accounts 10,002 10,002
Accrued expenses 35,061 79,682
698,572 657,322

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 31,576 33,204
Bank loans - 2-5 years 85,973 88,724
Bank loans more 5 yr by instal 144,236 161,154
261,785 283,082

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 144,236 161,154