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BFL Pennine Ltd
Registered Number:07120527
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
BFL Pennine Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07120527
As at 31 May 2023
BFL Pennine Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
411
702
2
411
702
Current assets
Trade and other receivables
-
15,973
3
13,829
Cash and cash equivalents
7,531
23,504
13,829
Trade and other payables: amounts falling due within one
year
(5,327)
(4,131)
4
8,502
19,373
Net current assets
Total assets less current liabilities
19,784
9,204
Trade and other payables: amounts falling due after more
than one year
(12,391)
(10,425)
5
9,359
Net assets/liabilities
(3,187)
Capital and reserves
Called up share capital
1
1
Retained earnings
9,358
(3,188)
9,359
(3,187)
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Andrew Robinson Director
These financial statements were approved and authorised for issue by the Board on 20 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2023
BFL Pennine Ltd
Notes to the Financial Statements
Statutory Information
BFL Pennine Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07120527.
Registered address:
19 Parklands Way
Blackburn
BB2 4QS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Straight line
50 Straight line
Computer equipment
Government grants
Government grants received are credited to the P & L account, the grants received relate to the grants made avaialble such as CJRS scheme and other initiatives to support businesses during a Global Pandemic. These are clearly marked in the accounts and not off set in any way against expenditure.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 May 2023
BFL Pennine Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or
valuation
At 01 June 2022
86,211
500
85,711
At 31 May 2023
85,711
500
86,211
Provision for depreciation and impairment
At 01 June 2022
85,509
500
85,009
Charge for year
291
-
291
At 31 May 2023
85,800
500
85,300
At 31 May 2023
Net book value
411
-
411
At 31 May 2022
702
-
702
3. Trade and other receivables
2022
2023
£
£
Other debtors
15,973
-
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
1
Taxation and social security
4,131
5,326
4,131
5,327
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
10,425
11,941
Other creditors
-
450
10,425
12,391
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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