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REGISTERED NUMBER: 12186280 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

B & G LIVING LTD

B & G LIVING LTD (REGISTERED NUMBER: 12186280)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


B & G LIVING LTD (REGISTERED NUMBER: 12186280)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 453 585

CURRENT ASSETS
Stocks 7,500 6,000
Debtors 5 4,023 22,856
Cash at bank 34,697 35,800
46,220 64,656
CREDITORS
Amounts falling due within one year 6 8,752 15,098
NET CURRENT ASSETS 37,468 49,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,921

50,143

CREDITORS
Amounts falling due after more than one
year

7

(5,000

)

(8,000

)

PROVISIONS FOR LIABILITIES (86 ) (111 )
NET ASSETS 32,835 42,032

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 32,833 42,030
SHAREHOLDERS' FUNDS 32,835 42,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

B & G LIVING LTD (REGISTERED NUMBER: 12186280)

BALANCE SHEET - continued
30 SEPTEMBER 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 10 April 2024 and were signed on its behalf by:




Mr D Greenwood - Director



Miss M Clark - Director


B & G LIVING LTD (REGISTERED NUMBER: 12186280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

B & G Living Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12186280

Registered office: 33 Burnt House Road
Whittlesey
Peterborough
Cambridgeshire
PE7 2DP

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 represents the invoiced value of goods sold, stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 15% on reducing balance
Office & computer equipment - 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.

Product development costs
Product development costs are written off in the year in which they are incurred.

B & G LIVING LTD (REGISTERED NUMBER: 12186280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office &
Plant & computer
equipment equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 617 283 900
DEPRECIATION
At 1 October 2022 159 156 315
Charge for year 69 63 132
At 30 September 2023 228 219 447
NET BOOK VALUE
At 30 September 2023 389 64 453
At 30 September 2022 458 127 585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,406 2,856
Other debtors 1,617 20,000
4,023 22,856

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 4,196 2,068
Taxation and social security - 7,273
Other creditors 1,556 2,757
8,752 15,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,000 8,000

B & G LIVING LTD (REGISTERED NUMBER: 12186280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr M J Bassam
Balance outstanding at start of year - 19,900
Amounts repaid - (19,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr D Greenwood
Balance outstanding at start of year 20,000 -
Amounts advanced - 20,000
Amounts repaid (20,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,000

Included in other creditors is the directors' current account with the company amounting to £871 (2022 - £1,113). This balance is non-interest bearing and repayable on demand.

Dividends were paid to directors in the year amounting to £4,000 (2022 - £5,200).