2022-10-012023-09-302023-09-30false05098497BANDIT UK 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BANDIT UK LIMITED

Registered Number
05098497
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

BANDIT UK LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Directors

CHRISMAS, Neil
MARCHESI, Steve
VANDONINCK, Alfons Gerard Regina

Registered Address

1 Park Gardens
Yeovil
BA20 1DW

Registered Number

05098497 (England and Wales)
BANDIT UK LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets52,3972,903
2,3972,903
Current assets
Stocks55,307157,997
Debtors6123,66484,270
Cash at bank and on hand307,602202,944
486,573445,211
Creditors amounts falling due within one year7(168,080)(184,500)
Net current assets (liabilities)318,493260,711
Total assets less current liabilities320,890263,614
Provisions for liabilities(455)(552)
Net assets320,435263,062
Capital and reserves
Called up share capital9901,462
Other reserves4731
Profit and loss account318,972261,599
Shareholders' funds320,435263,062
The financial statements were approved and authorised for issue by the Board of Directors on 13 February 2024, and are signed on its behalf by:
CHRISMAS, Neil
Director
Registered Company No. 05098497
BANDIT UK LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Office Equipment-3
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 October 2227,04227,042
Additions1,2181,218
At 30 September 2328,26028,260
Depreciation and impairment
At 01 October 2224,13924,139
Charge for year1,7241,724
At 30 September 2325,86325,863
Net book value
At 30 September 232,3972,397
At 30 September 222,9032,903
6.Debtors within one year

2023

2022

££
Trade debtors / trade receivables123,66484,270
Total123,66484,270
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables86,592131,561
Amounts owed to related parties-1,296
Taxation and social security60,02336,643
Other creditors15,00015,000
Accrued liabilities and deferred income6,465-
Total168,080184,500
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.