IRIS Accounts Production v23.4.0.336 04979625 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049796252023-02-28049796252024-02-29049796252023-03-012024-02-29049796252022-02-28049796252022-03-012023-02-28049796252023-02-2804979625ns15:EnglandWales2023-03-012024-02-2904979625ns14:PoundSterling2023-03-012024-02-2904979625ns10:Director12023-03-012024-02-2904979625ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2904979625ns10:SmallEntities2023-03-012024-02-2904979625ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2904979625ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2904979625ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2904979625ns10:FullAccounts2023-03-012024-02-290497962512023-03-012024-02-2904979625ns10:Director22023-03-012024-02-2904979625ns10:CompanySecretary12023-03-012024-02-2904979625ns10:RegisteredOffice2023-03-012024-02-2904979625ns5:CurrentFinancialInstruments2024-02-2904979625ns5:CurrentFinancialInstruments2023-02-2804979625ns5:ShareCapital2024-02-2904979625ns5:ShareCapital2023-02-2804979625ns5:RetainedEarningsAccumulatedLosses2024-02-2904979625ns5:RetainedEarningsAccumulatedLosses2023-02-2804979625ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2904979625ns5:NetGoodwill2023-02-2804979625ns5:NetGoodwill2024-02-2904979625ns5:NetGoodwill2023-02-2804979625ns5:PlantMachinery2023-02-2804979625ns5:MotorVehicles2023-02-2804979625ns5:PlantMachinery2023-03-012024-02-2904979625ns5:MotorVehicles2023-03-012024-02-2904979625ns5:PlantMachinery2024-02-2904979625ns5:MotorVehicles2024-02-2904979625ns5:PlantMachinery2023-02-2804979625ns5:MotorVehicles2023-02-2804979625ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2904979625ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 04979625 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BILKO PROMOTIONAL MERCHANDISING LIMITED

BILKO PROMOTIONAL MERCHANDISING LIMITED (REGISTERED NUMBER: 04979625)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BILKO PROMOTIONAL MERCHANDISING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S F M Barker
C G Carr





SECRETARY: S F M Barker





REGISTERED OFFICE: 44 Linford Street
London
SW8 4UN





REGISTERED NUMBER: 04979625 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

BILKO PROMOTIONAL MERCHANDISING LIMITED (REGISTERED NUMBER: 04979625)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 30,795 12,125
30,796 12,126

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 6 378,639 325,176
Cash at bank 741,297 1,037,229
1,125,936 1,368,405
CREDITORS
Amounts falling due within one year 7 175,529 360,555
NET CURRENT ASSETS 950,407 1,007,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

981,203

1,019,976

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Profit and loss account 980,103 1,018,876
981,203 1,019,976

BILKO PROMOTIONAL MERCHANDISING LIMITED (REGISTERED NUMBER: 04979625)

BALANCE SHEET - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





S F M Barker - Director


BILKO PROMOTIONAL MERCHANDISING LIMITED (REGISTERED NUMBER: 04979625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Bilko Promotional Merchandising 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 relating to the supply and printing of clothing and merchandise is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets
The intangible asset relates to Goodwill, being the amount paid in connection with the acquisition of a business in 2004. Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation
Goodwill has been fully amortised and is written down to a nominal value of £1.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible fixed assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 20% straight line
Motor vehicles - 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BILKO PROMOTIONAL MERCHANDISING LIMITED (REGISTERED NUMBER: 04979625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs and other post-retirement benefits
The company costs charged in the financial statements represents the company's obligations under workplace Pension Reform. Payments are also made to the directors' personal pension plans.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

BILKO PROMOTIONAL MERCHANDISING LIMITED (REGISTERED NUMBER: 04979625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 75,000
AMORTISATION
At 1 March 2023
and 29 February 2024 74,999
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 151,822 10,319 162,141
Additions 19,694 - 19,694
At 29 February 2024 171,516 10,319 181,835
DEPRECIATION
At 1 March 2023 139,698 10,318 150,016
Charge for year 1,024 - 1,024
At 29 February 2024 140,722 10,318 151,040
NET BOOK VALUE
At 29 February 2024 30,794 1 30,795
At 28 February 2023 12,124 1 12,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 356,481 316,299
Other debtors 22,158 8,877
378,639 325,176

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 155,764 256,390
Taxation and social security 15,175 99,550
Other creditors 4,590 4,615
175,529 360,555