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Company Registration No. 05955849 (England and Wales)
Bulleys Limited Unaudited accounts for the year ended 31 October 2023
Bulleys Limited Unaudited accounts Contents
Page
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Bulleys Limited Company Information for the year ended 31 October 2023
Directors
Mr. Daniel Benton Mrs. Ann-Marie Benton
Secretary
Mrs. Ann-Marie Benton
Company Number
05955849 (England and Wales)
Registered Office
71 Great Melton Road Hethersett Norwich Norfolk NR9 3HB United Kingdom
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Bulleys Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
596 
1,796 
Tangible assets
2,044 
1,983 
2,640 
3,779 
Current assets
Inventories
66,000 
59,000 
Debtors
15,170 
14,124 
Cash at bank and in hand
30,172 
52,844 
111,342 
125,968 
Creditors: amounts falling due within one year
(66,190)
(63,861)
Net current assets
45,152 
62,107 
Total assets less current liabilities
47,792 
65,886 
Creditors: amounts falling due after more than one year
(14,371)
(23,257)
Provisions for liabilities
Deferred tax
(388)
(376)
Net assets
33,033 
42,253 
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
33,027 
42,247 
Shareholders' funds
33,033 
42,253 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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. Daniel Benton Director Company Registration No. 05955849
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Bulleys Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Bulleys Limited is a private company, limited by shares, registered in England and Wales, registration number 05955849. The registered office is 71 Great Melton Road, Hethersett, Norwich, Norfolk, NR9 3HB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% - Reducing Balance Method
Computer equipment
33% - Reducing Balance Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Website Development - 3 Years - Straight Line Method
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Bulleys Limited Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
3,600 
At 31 October 2023
3,600 
Amortisation
At 1 November 2022
1,804 
Charge for the year
1,200 
At 31 October 2023
3,004 
Net book value
At 31 October 2023
596 
At 31 October 2022
1,796 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
13,944 
2,949 
16,893 
Additions
841 
289 
1,130 
At 31 October 2023
14,785 
3,238 
18,023 
Depreciation
At 1 November 2022
13,495 
1,415 
14,910 
Charge for the year
256 
813 
1,069 
At 31 October 2023
13,751 
2,228 
15,979 
Net book value
At 31 October 2023
1,034 
1,010 
2,044 
At 31 October 2022
449 
1,534 
1,983 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,556 
14,001 
Accrued income and prepayments
614 
- 
Other debtors
- 
123 
15,170 
14,124 
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Bulleys Limited Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
14,752 
13,079 
VAT
4,223 
6,556 
Trade creditors
21,713 
18,708 
Taxes and social security
1,279 
5,217 
Other creditors
124 
259 
Loans from directors
22,739 
18,682 
Accruals
1,360 
1,360 
66,190 
63,861 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,371 
23,257 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6 
6 
10
Controlling party
The company is controlled by the Director's who own 100% of the called up share capital.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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