BB&K Limited
Unaudited Financial Statements
For the year ended 31 October 2023
Pages for Filing with Registrar
Company Registration No. 11383268 (England and Wales)
BB&K Limited
Company Information
Directors
Mr A Willson
Mr I Willson
Mr A Snell
Mr L Jones
Mr L Murphy
Company number
11383268
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
BB&K Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
BB&K Limited
Balance Sheet
As at 31 October 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Stock
35,847
44,562
Debtors
3
646,703
484,122
Cash at bank and in hand
1,023,628
1,110,105
1,706,178
1,638,789
Creditors: amounts falling due within one year
4
(473,778)
(598,865)
Net current assets
1,232,400
1,039,924
Creditors: amounts falling due after more than one year
5
(84,000)
(126,000)
Net assets
1,148,400
913,924
Capital and reserves
Called up share capital
6
375
375
Share premium account
4,870
4,870
Profit and loss reserves
1,143,155
908,679
Total equity
1,148,400
913,924

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BB&K Limited
Balance Sheet (Continued)
As at 31 October 2023
Page 2
The financial statements were approved by the board of directors and authorised for issue on 26 July 2024 and are signed on its behalf by:
Mr I Willson
Director
Company Registration No. 11383268
BB&K Limited
Notes to the Financial Statements
For the year ended 31 October 2023
Page 3
1
Accounting policies
Company information

BB&K Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Stock

Stock comprises liquor and food purchased by the company that have not been sold by the year end. Stock is held at the lower of its cost and net realisable value.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BB&K Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2023
1
Accounting policies
(Continued)
Page 4
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
61
53
BB&K Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2023
Page 5
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
40,455
78,177
Other debtors
603,504
405,945
Prepayments and accrued income
2,744
-
0
646,703
484,122
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
42,000
42,000
Trade creditors
124,083
184,962
Corporation tax
67,929
74,310
Other taxation and social security
110,554
142,613
Other creditors
42,693
30,718
Accruals and deferred income
86,519
124,262
473,778
598,865
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
84,000
126,000

Bank loans (amounts falling due within one year and more than one year) includes an amount of £126,000 (2022: £168,000) for Coronavirus Business Interruption Loans (CBIL). Under the CBIL scheme, the Secretary of State has agreed to provide the loan providers with a partial guarantee. The loans incur interest of 3.99% + Bank of England Base Rate per annum and are repayable by October 2026. There is a fixed and floating charge over all assets in respect of this loan.

6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary of 1p each
37,500
37,500
375
375
BB&K Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2023
Page 6
7
Related party transactions

During the year, £150,369 (2022: £150,369) of management fees, goods and services were provided by companies under common control.

 

At the year end, an amount of £575,000 (2022: £391,322) was outstanding from companies under common control.

2023-10-312022-11-01false29 July 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr A WillsonMr I WillsonMr A SnellMr L JonesMr L Murphyfalsefalse113832682022-11-012023-10-3111383268bus:Director12022-11-012023-10-3111383268bus:Director22022-11-012023-10-3111383268bus:Director32022-11-012023-10-3111383268bus:Director42022-11-012023-10-3111383268bus:Director52022-11-012023-10-3111383268bus:RegisteredOffice2022-11-012023-10-31113832682023-10-31113832682022-10-3111383268core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3111383268core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3111383268core:Non-currentFinancialInstrumentscore:AfterOneYear2023-10-3111383268core:Non-currentFinancialInstrumentscore:AfterOneYear2022-10-3111383268core:ShareCapital2023-10-3111383268core:ShareCapital2022-10-3111383268core:SharePremium2023-10-3111383268core:SharePremium2022-10-3111383268core:RetainedEarningsAccumulatedLosses2023-10-3111383268core:RetainedEarningsAccumulatedLosses2022-10-31113832682021-11-012022-10-3111383268core:CurrentFinancialInstruments2023-10-3111383268core:CurrentFinancialInstruments2022-10-3111383268core:Non-currentFinancialInstruments2023-10-3111383268core:Non-currentFinancialInstruments2022-10-3111383268bus:PrivateLimitedCompanyLtd2022-11-012023-10-3111383268bus:SmallCompaniesRegimeForAccounts2022-11-012023-10-3111383268bus:FRS1022022-11-012023-10-3111383268bus:AuditExemptWithAccountantsReport2022-11-012023-10-3111383268bus:FullAccounts2022-11-012023-10-31xbrli:purexbrli:sharesiso4217:GBP