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REGISTERED NUMBER: 11807468 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

BHC Sourcing Ltd

BHC Sourcing Ltd (Registered number: 11807468)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BHC Sourcing Ltd

Company Information
for the year ended 31 July 2023







DIRECTOR: B Chambers





REGISTERED OFFICE: 22 - 28 Willow Street
Accrington
Lancashire
BB5 1LP





REGISTERED NUMBER: 11807468 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

BHC Sourcing Ltd (Registered number: 11807468)

Abridged Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,664 23,545

CURRENT ASSETS
Debtors 81,345 97,541
Cash at bank and in hand 868 2,259
82,213 99,800
CREDITORS
Amounts falling due within one year 134,280 124,174
NET CURRENT LIABILITIES (52,067 ) (24,374 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,403

)

(829

)

CREDITORS
Amounts falling due after more than one year (7,573 ) (11,560 )

PROVISIONS FOR LIABILITIES - (4,473 )
NET LIABILITIES (41,976 ) (16,862 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (42,076 ) (16,962 )
SHAREHOLDERS' FUNDS (41,976 ) (16,862 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BHC Sourcing Ltd (Registered number: 11807468)

Abridged Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





B Chambers - Director


BHC Sourcing Ltd (Registered number: 11807468)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

BHC Sourcing 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.

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.

The financial statements have been prepared on a going concern basis.
The company has net current liabilities in the current financial year.
The company has net liabilities in the current financial year.
The company is reliant on the continued financial support of the bank by way of loans and overdrafts. The company is reliant on the continued financial support of the director.
The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained.
No adjustments have been made that may have been found necessary if any other basis of preparation had been used.

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 company provides property sourcing services to individuals. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.


BHC Sourcing Ltd (Registered number: 11807468)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 40,712
DEPRECIATION
At 1 August 2022 17,167
Charge for year 5,881
At 31 July 2023 23,048
NET BOOK VALUE
At 31 July 2023 17,664
At 31 July 2022 23,545

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
1 Ordinary 1 100 100