Registered number
00191153
Birmingham Mailing Cases Limited
Unaudited Filleted Accounts
31 August 2023
Birmingham Mailing Cases Limited
Registered number: 00191153
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 119,634 142,363
Current assets
Stocks 31,395 35,970
Debtors 4 210,993 187,276
Cash at bank and in hand 178,953 235,056
421,341 458,302
Creditors: amounts falling due within one year 5 (149,995) (222,436)
Net current assets 271,346 235,866
Total assets less current liabilities 390,980 378,229
Provisions for liabilities (22,370) (26,610)
Net assets 368,610 351,619
Capital and reserves
Called up share capital 910 910
Profit and loss account 367,700 350,709
Shareholders' funds 368,610 351,619
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W.G.A.Davies
Director
Approved by the board on 28 March 2024
Birmingham Mailing Cases Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% straight line or 15% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates defined contribution pension schemes. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
The company also makes contributions to registered pension schemes providing benefits to certain directors.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 386,475 49,990 436,465
Additions 3,328 - 3,328
At 31 August 2023 389,803 49,990 439,793
Depreciation
At 1 September 2022 265,202 28,900 294,102
Charge for the year 20,784 5,273 26,057
At 31 August 2023 285,986 34,173 320,159
Net book value
At 31 August 2023 103,817 15,817 119,634
At 31 August 2022 121,273 21,090 142,363
4 Debtors 2023 2022
£ £
Trade debtors 204,741 180,431
Other debtors 6,252 6,845
210,993 187,276
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 45,499 23,692
Taxation and social security costs 47,446 50,064
Other creditors 57,050 148,680
149,995 222,436
6 Related party transactions
Interest free loans to the company from directors, repayable on demand :
31.08.2023 £10,945
31.08.2022 £41,678
7 Other information
Birmingham Mailing Cases Limited is a private company limited by shares and incorporated in England. Its registered office is:
6-8 Machin Works
Machin Road
Birmingham
West Midlands
B23 6DR
This is also the company's trading premises.
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