Company registration number 03928257 (England and Wales)
BULK NUMBER SEVEN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
BULK NUMBER SEVEN LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
BULK NUMBER SEVEN LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
1,110,000
1,110,000
Creditors: amounts falling due within one year
4
(4,476,000)
(4,476,000)
Net current liabilities
(3,366,000)
(3,366,000)
Capital and reserves
Called up share capital
5
2,312,000
2,312,000
Share premium account
2,259,000
2,259,000
Profit and loss reserves
(7,937,000)
(7,937,000)
Total equity
(3,366,000)
(3,366,000)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 1 March 2024 and are signed on its behalf by:
C Pardoe
Director
Company registration number 03928257 (England and Wales)
BULK NUMBER SEVEN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
Share capital
Share premium account
Profit and loss reserves
Total
£
£
£
£
Balance at 1 July 2021
2,312,000
2,259,000
(7,937,000)
(3,366,000)
Year ended 30 June 2022:
Profit and total comprehensive income
-
-
Balance at 30 June 2022
2,312,000
2,259,000
(7,937,000)
(3,366,000)
Year ended 30 June 2023:
Profit and total comprehensive income
-
-
Balance at 30 June 2023
2,312,000
2,259,000
(7,937,000)
(3,366,000)
BULK NUMBER SEVEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information
Bulk Number Seven Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fibrestar House, Newby Road Industrial Estate, Hazel Grove, Stockport, Cheshire, SK7 5AS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At 30 June 202true3, the company had net liabilities of £3,366,000 (2022: £3,366,000).
Included within amounts due to group undertakings are amounts of £4,476,000 (2022: £4,476,000). The directors of the group company have confirmed they will not seek repayment of amounts due for the foreseeable future.
The financial statements have therefore been prepared on a going concern basis.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
2
2
BULK NUMBER SEVEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,110,000
1,110,000
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
4,476,000
4,476,000
5
Share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2,312,000
2,312,000
2,312,000
2,312,000
6
Related party transactions
At the year end the company was owed £1,110,000 (2022: £1,110,000) from a group company. No interest is charged and there is no set repayment date.
At the year end the company owed £4,476,000 (2022: £4,476,000) to group companies. No interest is charged and there is no set repayment date.
7
Ultimate controlling party
The company's immediate controlling party is Mulox International Holdings BV, a company incorporated in the Netherlands.
The ultimate parent undertaking is BPG Holdings Limited, a company incorporated in England and Wales. BPG Holdings Limited is controlled by its directors.