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REGISTERED NUMBER: 04050713 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BADGER 5 LIMITED

BADGER 5 LIMITED (REGISTERED NUMBER: 04050713)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BADGER 5 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: W H (Jnr) Brockbank
Mrs J Brockbank





REGISTERED OFFICE: 57 Adelaide Gardens
Stonehouse
Gloucestershire
GL10 2PZ





REGISTERED NUMBER: 04050713 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

BADGER 5 LIMITED (REGISTERED NUMBER: 04050713)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,039 47,987

CURRENT ASSETS
Stocks 55,628 49,744
Debtors 5 10,508 7,606
Cash at bank and in hand 40,933 24,015
107,069 81,365
CREDITORS
Amounts falling due within one year 6 205,292 161,977
NET CURRENT LIABILITIES (98,223 ) (80,612 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,184

)

(32,625

)

CREDITORS
Amounts falling due after more than one
year

7

39,736

65,217
NET LIABILITIES (101,920 ) (97,842 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (101,922 ) (97,844 )
(101,920 ) (97,842 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BADGER 5 LIMITED (REGISTERED NUMBER: 04050713)

BALANCE SHEET - continued
31 AUGUST 2023


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 4 April 2024 and were signed on its behalf by:





W H (Jnr) Brockbank - Director


BADGER 5 LIMITED (REGISTERED NUMBER: 04050713)

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

1. STATUTORY INFORMATION

Badger 5 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

BADGER 5 LIMITED (REGISTERED NUMBER: 04050713)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 139,953
Additions 1,770
At 31 August 2023 141,723
DEPRECIATION
At 1 September 2022 91,966
Charge for year 13,718
At 31 August 2023 105,684
NET BOOK VALUE
At 31 August 2023 36,039
At 31 August 2022 47,987

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 64,960
DEPRECIATION
At 1 September 2022 37,555
Charge for year 6,851
At 31 August 2023 44,406
NET BOOK VALUE
At 31 August 2023 20,554
At 31 August 2022 27,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 5,039 -
Other debtors 5,469 7,606
10,508 7,606

BADGER 5 LIMITED (REGISTERED NUMBER: 04050713)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 35,338 28,000
Hire purchase contracts 7,254 7,254
Trade creditors 24,622 28,169
Taxation and social security 8,467 5,546
Other creditors 129,611 93,008
205,292 161,977

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 18,500 36,726
Hire purchase contracts 3,023 10,278
Other creditors 18,213 18,213
39,736 65,217

8. RELATED PARTY DISCLOSURES

During the year the director made an interest free loan to the company. The balance owing to the director at 31st August 2023 was £112,270 (2022 - £91,798).

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its directors who own 100% of the issued share capital.