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REGISTERED NUMBER: 02817644 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BDS OFFICE LIMITED

BDS OFFICE LIMITED (REGISTERED NUMBER: 02817644)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BDS OFFICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A R Cole
G Robinson





SECRETARY: A R Cole





REGISTERED OFFICE: Unit 4 Lineside Industrial Estate
Arndale Road
Littlehampton
West Sussex
BN17 7HD





REGISTERED NUMBER: 02817644 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

BDS OFFICE LIMITED (REGISTERED NUMBER: 02817644)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 181 878
Tangible assets 5 50,749 46,146
50,930 47,024

CURRENT ASSETS
Stocks 6 395,162 516,122
Debtors 7 658,652 811,168
Cash at bank and in hand 94,624 4,989
1,148,438 1,332,279
CREDITORS
Amounts falling due within one year 8 232,111 371,107
NET CURRENT ASSETS 916,327 961,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

967,257

1,008,196

CREDITORS
Amounts falling due after more than one
year

9

(83,333

)

(132,917

)

PROVISIONS FOR LIABILITIES (11,495 ) (10,083 )
NET ASSETS 872,429 865,196

CAPITAL AND RESERVES
Called up share capital 23,750 23,750
Retained earnings 848,679 841,446
SHAREHOLDERS' FUNDS 872,429 865,196

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BDS OFFICE LIMITED (REGISTERED NUMBER: 02817644)

BALANCE SHEET - continued
31 DECEMBER 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 11 April 2024 and were signed on its behalf by:





A R Cole - Director


BDS OFFICE LIMITED (REGISTERED NUMBER: 02817644)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

BDS Office 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Trademarks
Expenditure relating to trademarks has been capitalised in accordance with FRS 10. Trademarks are then amortised over their useful economic lives, being 10 years.

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.
Short leasehold - over the term of the lease - 10 years
Plant and machinery - Straight line over 10 years
Fixtures and fittings - Straight line over 5 - 10 years
Computer equipment - Straight line over 3 years

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BDS OFFICE LIMITED (REGISTERED NUMBER: 02817644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 1,653
Disposals (1,303 )
At 31 December 2023 350
AMORTISATION
At 1 January 2023 775
Charge for year 99
Eliminated on disposal (705 )
At 31 December 2023 169
NET BOOK VALUE
At 31 December 2023 181
At 31 December 2022 878

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 25,089 54,740 1,567 20,408 101,804
Additions 450 15,970 - 1,124 17,544
Disposals - (7,650 ) - (410 ) (8,060 )
At 31 December 2023 25,539 63,060 1,567 21,122 111,288
DEPRECIATION
At 1 January 2023 6,807 38,364 1,300 9,187 55,658
Charge for year 2,646 4,698 267 4,883 12,494
Eliminated on disposal - (7,203 ) - (410 ) (7,613 )
At 31 December 2023 9,453 35,859 1,567 13,660 60,539
NET BOOK VALUE
At 31 December 2023 16,086 27,201 - 7,462 50,749
At 31 December 2022 18,282 16,376 267 11,221 46,146

BDS OFFICE LIMITED (REGISTERED NUMBER: 02817644)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. STOCKS
2023 2022
£    £   
Finished goods 395,162 516,122

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 75,773 126,293
Amounts owed by group undertakings 444,212 442,853
Other debtors 138,667 242,022
658,652 811,168

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 60,000 95,977
Trade creditors 44,614 160,010
Taxation and social security 69,716 74,859
Other creditors 57,781 40,261
232,111 371,107

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 83,333 132,917

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 60,000 103,032
Between one and five years 83,333 408,128
In more than five years - 229,572
143,333 740,732

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 38,026
Bank loans 143,333 190,868
143,333 228,894

The invoice financing account and bank loan are secured by way of a fixed and floating charge over all assets of the company.