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REGISTERED NUMBER: 06434182 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BADGER VAN HIRE LIMITED

BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,224,994 2,089,238
2,224,994 2,089,238

CURRENT ASSETS
Stocks 1,016,033 860,934
Debtors 6 31,261 63,876
Cash at bank 25,746 62,495
1,073,040 987,305
CREDITORS
Amounts falling due within one year 7 499,539 325,421
NET CURRENT ASSETS 573,501 661,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,798,495

2,751,122

CREDITORS
Amounts falling due after more than one
year

8

(1,311,360

)

(1,313,908

)

PROVISIONS FOR LIABILITIES 9 (232,174 ) (212,793 )
NET ASSETS 1,254,961 1,224,421

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 276,437 276,437
Retained earnings 11 978,522 947,982
SHAREHOLDERS' FUNDS 1,254,961 1,224,421

BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mr M W Aldridge - Director


BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Badger Van Hire Limited 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: 06434182

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Plant and Machinery- 15% on written down value
Fixtures and Fittings- 15% on written down value
Motor Vehicles- 20% on written down value

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

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 7 (2023 - 8 ) .

BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 90,000
AMORTISATION
At 1 April 2023
and 31 March 2024 90,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 800,000 52,263 13,608 1,479,719 2,345,590
Additions - - - 340,441 340,441
Disposals - - - (70,165 ) (70,165 )
At 31 March 2024 800,000 52,263 13,608 1,749,995 2,615,866
DEPRECIATION
At 1 April 2023 - 19,944 11,429 224,979 256,352
Charge for year - 4,849 327 137,311 142,487
Eliminated on disposal - - - (7,967 ) (7,967 )
At 31 March 2024 - 24,793 11,756 354,323 390,872
NET BOOK VALUE
At 31 March 2024 800,000 27,470 1,852 1,395,672 2,224,994
At 31 March 2023 800,000 32,319 2,179 1,254,740 2,089,238

BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2019 800,000 - - - 800,000
Cost - 52,263 13,608 1,749,995 1,815,866
800,000 52,263 13,608 1,749,995 2,615,866

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 April 2023 1,479,719
Additions 340,441
Disposals (70,165 )
At 31 March 2024 1,749,995
DEPRECIATION
At 1 April 2023 224,979
Charge for year 137,311
Eliminated on disposal (7,967 )
At 31 March 2024 354,323
NET BOOK VALUE
At 31 March 2024 1,395,672
At 31 March 2023 1,254,740

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 30,076
Prepayments 31,261 33,800
31,261 63,876

BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,940 12,940
Hire purchase contracts 265,137 236,512
Trade creditors 7,858 14,871
VAT 105,904 3,398
Other creditors 50,000 -
Directors' loan accounts 50,000 50,000
Accruals 7,700 7,700
499,539 325,421

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 291,332 302,065
Bounce back loan 34,421 39,832
Hire purchase contracts 985,607 972,011
1,311,360 1,313,908

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 232,174 212,793

Deferred
tax
£   
Balance at 1 April 2023 212,793
Provided during year 19,381
Balance at 31 March 2024 232,174

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

BADGER VAN HIRE LIMITED (REGISTERED NUMBER: 06434182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 947,982 276,437 1,224,419
Profit for the year 79,908 79,908
Dividends (49,368 ) (49,368 )
At 31 March 2024 978,522 276,437 1,254,959