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REGISTERED NUMBER: 10563689 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

BUDGET APPLIANCES OF BECKENHAM LIMITED

BUDGET APPLIANCES OF BECKENHAM LIMITED (Registered number: 10563689)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUDGET APPLIANCES OF BECKENHAM LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTORS: M Reynolds





REGISTERED OFFICE: 275 Croydon Road
Beckenham
Kent
BR3 3PS





REGISTERED NUMBER: 10563689 (England and Wales)





ACCOUNTANTS: HARLEYS
259 Croydon Road
Beckenham
Kent
BR3 3PS

BUDGET APPLIANCES OF BECKENHAM LIMITED (Registered number: 10563689)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,285 19,655

CURRENT ASSETS
Stocks 5 70,158 94,975
Debtors 6 55,867 24,837
Cash at bank and in hand 35,240 81,306
161,265 201,118
CREDITORS
Amounts falling due within one year 7 163,162 181,454
NET CURRENT (LIABILITIES)/ASSETS (1,897 ) 19,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,388

39,319

CREDITORS
Amounts falling due after more than one year 8 42,051 39,103
NET ASSETS 1,337 216

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,237 116
SHAREHOLDERS' FUNDS 1,337 216

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





M Reynolds - Director


BUDGET APPLIANCES OF BECKENHAM LIMITED (Registered number: 10563689)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

BUDGET APPLIANCES OF BECKENHAM LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

BUDGET APPLIANCES OF BECKENHAM LIMITED (Registered number: 10563689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Office
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 17,585 400 - 1,900 19,885
Additions - - 32,644 - 32,644
At 31 October 2023 17,585 400 32,644 1,900 52,529
DEPRECIATION
At 1 November 2022 - 40 - 190 230
Charge for year - 60 6,644 310 7,014
At 31 October 2023 - 100 6,644 500 7,244
NET BOOK VALUE
At 31 October 2023 17,585 300 26,000 1,400 45,285
At 31 October 2022 17,585 360 - 1,710 19,655

5. STOCKS
31.10.23 31.10.22
£    £   
Stocks 70,158 94,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 50,017 18,987
Other debtors 5,850 5,850
55,867 24,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 9) 13,698 14,548
Other loans (see note 9) 6,845 -
Trade creditors 120,850 125,727
Tax 6,900 4,400
Social security and other taxes 3,602 10,583
VAT 4,989 11,548
Directors' current accounts 3,278 11,148
Accrued expenses 3,000 3,500
163,162 181,454

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 9) 27,970 39,103
Other loans (see note 9) 14,081 -
42,051 39,103

BUDGET APPLIANCES OF BECKENHAM LIMITED (Registered number: 10563689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 190 -
Bank loans 13,508 14,548
Other loans 6,845 -
20,543 14,548

Amounts falling due between one and two years:
Bank loans - 1-2 years 13,508 14,548
Other loans - 1-2 years 6,845 -
20,353 14,548

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,462 24,555
Other loans - 2-5 years 7,236 -
21,698 24,555

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100