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Company Registration No. 11039414 (England and Wales)
BNF RENOVATIONS LTD Unaudited accounts for the year ended 31 October 2023
BNF RENOVATIONS LTD Unaudited accounts Contents
Page
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BNF RENOVATIONS LTD Company Information for the year ended 31 October 2023
Directors
Vamsi Kanuri Samatha Paturi
Company Number
11039414 (England and Wales)
Registered Office
17/21 LOW WALK WELLINGTON CENTRE VICTORIA ROAD ALDERSHOT HAMPSHIRE GU11 1DB ENGLAND
Accountants
Asmita & Associates Ltd 114-116 Plumstead High Street Plumstead London SE18 1SJ
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BNF RENOVATIONS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
27,735 
4,500 
Debtors
2,055 
12,618 
Cash at bank and in hand
43 
1,079 
29,833 
18,197 
Creditors: amounts falling due within one year
(57,506)
(8,180)
Net current (liabilities)/assets
(27,673)
10,017 
Total assets less current liabilities
(27,673)
10,017 
Creditors: amounts falling due after more than one year
(12,917)
(17,917)
Net liabilities
(40,590)
(7,900)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(40,690)
(8,000)
Shareholders' funds
(40,590)
(7,900)
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 30 July 2024 and were signed on its behalf by
Samatha Paturi Director Company Registration No. 11039414
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BNF RENOVATIONS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
BNF RENOVATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 11039414. The registered office is 17/21 LOW WALK WELLINGTON CENTRE, VICTORIA ROAD, ALDERSHOT, HAMPSHIRE, GU11 1DB, ENGLAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,055 
198 
Amounts due from group undertakings etc.
- 
12,420 
2,055 
12,618 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,702 
238 
Amounts owed to group undertakings and other participating interests
6,780 
- 
Taxes and social security
432 
- 
Loans from directors
47,992 
7,442 
Accruals
600 
500 
57,506 
8,180 
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BNF RENOVATIONS LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,917 
17,917 
7
Transactions with related parties
Included in director loan is a balance of £47,992 (2022: £12,420) owing from Beds N Furniture Limited. Mr Vamsi Kanuri is also a director of the company.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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