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Registered Number: 06048075
England and Wales

 

 

 


Filleted Accounts

for the year ended 28 February 2023

for

BIBBY & CO (NORTH WEST) LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 74,552    97,907 
74,552    97,907 
Current assets      
Debtors: amounts falling due within one year 4 87,500    53,038 
Cash at bank and in hand 34,903    1,440 
122,403    54,478 
Creditors: amount falling due within one year 5 (119,066)   (61,596)
Net current assets 3,337    (7,118)
 
Total assets less current liabilities 77,889    90,789 
Creditors: amount falling due after more than one year 6 (41,741)   (50,000)
Provisions for liabilities 7 (18,887)   (18,603)
Net assets 17,261    22,186 
 

Capital and reserves
     
Called up share capital 8 10,000    10,000 
Profit and loss account 7,261    12,186 
Shareholder's funds 17,261    22,186 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 11 March 2024 and were signed by:


-------------------------------
Anton Bibby
Director
1
General Information
Bibby & Co (North West) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06048075, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 23 (2022 : 15).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 March 2022 118,223    118,223 
Additions 1,495    1,495 
Disposals  
At 28 February 2023 119,718    119,718 
Depreciation
At 01 March 2022 20,316    20,316 
Charge for year 24,850    24,850 
On disposals  
At 28 February 2023 45,166    45,166 
Net book values
Closing balance as at 28 February 2023 74,552    74,552 
Opening balance as at 01 March 2022 97,907    97,907 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 37,391    32,457 
Other Debtors 50,109    20,581 
87,500    53,038 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 64,611    14,638 
Corporation Tax 45,497    28,160 
PAYE & Social Security   9,225 
VAT 8,958    9,573 
119,066    61,596 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 41,741    50,000 
41,741    50,000 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 18,887    18,603 
18,887    18,603 

8.

Share Capital

Authorised
10,000 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
10,000 Ordinary shares of £1.00 each 10,000    10,000 
10,000    10,000 

2