IRIS Accounts Production v24.1.4.33 09256542 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092565422022-10-31092565422023-10-31092565422022-11-012023-10-31092565422021-10-31092565422021-11-012022-10-31092565422022-10-3109256542ns15:EnglandWales2022-11-012023-10-3109256542ns14:PoundSterling2022-11-012023-10-3109256542ns10:Director12022-11-012023-10-3109256542ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3109256542ns10:SmallEntities2022-11-012023-10-3109256542ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3109256542ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3109256542ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3109256542ns10:FullAccounts2022-11-012023-10-3109256542ns5:CurrentFinancialInstruments2023-10-3109256542ns5:CurrentFinancialInstruments2022-10-3109256542ns5:ShareCapital2023-10-3109256542ns5:ShareCapital2022-10-3109256542ns5:RetainedEarningsAccumulatedLosses2023-10-3109256542ns5:RetainedEarningsAccumulatedLosses2022-10-3109256542ns10:RegisteredOffice2022-11-012023-10-3109256542ns5:ShortLeaseholdAssetsns5:LandBuildings2022-10-3109256542ns5:PlantMachinery2022-10-3109256542ns5:MotorVehicles2022-10-3109256542ns5:ShortLeaseholdAssetsns5:LandBuildings2022-11-012023-10-3109256542ns5:PlantMachinery2022-11-012023-10-3109256542ns5:MotorVehicles2022-11-012023-10-3109256542ns5:ShortLeaseholdAssetsns5:LandBuildings2023-10-3109256542ns5:PlantMachinery2023-10-3109256542ns5:MotorVehicles2023-10-3109256542ns5:ShortLeaseholdAssetsns5:LandBuildings2022-10-3109256542ns5:PlantMachinery2022-10-3109256542ns5:MotorVehicles2022-10-3109256542ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3109256542ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 09256542 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BS SUPPLY LTD

BS SUPPLY LTD (REGISTERED NUMBER: 09256542)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


BS SUPPLY LTD (REGISTERED NUMBER: 09256542)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 40,190 37,990

CURRENT ASSETS
Inventories 163,881 121,743
Debtors 5 110,929 164,230
Cash at bank and in hand 285,300 390,501
560,110 676,474
CREDITORS
Amounts falling due within one year 6 325,411 397,468
NET CURRENT ASSETS 234,699 279,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,889

316,996

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 274,789 316,896
274,889 316,996

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

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

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 25 July 2024 and were signed on its behalf by:





Mr B K Kangellaris - Director


BS SUPPLY LTD (REGISTERED NUMBER: 09256542)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

Bs Supply Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09256542

Registered office: 1 Kings Avenue
London
N21 3NA

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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value, net of value added tax and discounts, of goods provided to customers.Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax.

Property, plant & equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short leasehold over 5 years
Plant and machinery 15% on reducing balance
Motor vehicles 15% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


BS SUPPLY LTD (REGISTERED NUMBER: 09256542)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

BS SUPPLY LTD (REGISTERED NUMBER: 09256542)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 OCTOBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 November 2022 4,614 74,507 8,333 87,454
Additions - 9,292 - 9,292
At 31 October 2023 4,614 83,799 8,333 96,746
DEPRECIATION
At 1 November 2022 4,614 39,660 5,190 49,464
Charge for year - 6,621 471 7,092
At 31 October 2023 4,614 46,281 5,661 56,556
NET BOOK VALUE
At 31 October 2023 - 37,518 2,672 40,190
At 31 October 2022 - 34,847 3,143 37,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,939 105,520
Other debtors 67,990 58,710
110,929 164,230

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 249,814 319,199
Taxation and social security 33,957 38,889
Other creditors 41,640 39,380
325,411 397,468

7. RELATED PARTY DISCLOSURES

Included in the other debtors less than one year is an amount of £13,926 (2022: £7,607) due from connected company with common shareholdings. The loan was interest free and repayable on demand.

Included in the other creditors less than one year is an amount of £10,374 (2022: £16,066) due to the directors of the company. The loan was interest free and repayable on demand.