Company Registration No. 09883101 (England and Wales)
BBE International Limited
Unaudited accounts
for the year ended 30 November 2023
BBE International Limited
Unaudited accounts
Contents
BBE International Limited
Statement of financial position
as at 30 November 2023
Tangible assets
847,253
918,105
Cash at bank and in hand
420
46,365
Creditors: amounts falling due within one year
(771,075)
(906,081)
Net current liabilities
(129,739)
(356,153)
Total assets less current liabilities
717,514
561,952
Creditors: amounts falling due after more than one year
(471,150)
(194,803)
Provisions for liabilities
Net assets
246,364
355,049
Called up share capital
100
100
Revaluation reserve
-
63,678
Profit and loss account
246,264
291,271
Shareholders' funds
246,364
355,049
For the year ending 30 November 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 28 July 2024 and were signed on its behalf by
P F Dixon
Director
Company Registration No. 09883101
BBE International Limited
Notes to the Accounts
for the year ended 30 November 2023
BBE International Limited is a private company, limited by shares, registered in England and Wales, registration number 09883101. The registered office is Special Works, 39 Stanley Street, Sheffield, South Yorkshire, S3 8HH.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% - 10% on reducing balance
Motor vehicles
25% on reducing balance
Stocks 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
BBE International Limited
Notes to the Accounts
for the year ended 30 November 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
1,080,229
15,815
16,962
1,113,006
Additions
253,612
-
768
254,380
Disposals
(440,566)
-
-
(440,566)
At 30 November 2023
893,275
15,815
17,730
926,820
At 1 December 2022
183,173
9,143
2,585
194,901
Charge for the year
43,261
1,668
1,478
46,407
On disposals
(161,741)
-
-
(161,741)
At 30 November 2023
64,693
10,811
4,063
79,567
At 30 November 2023
828,582
5,004
13,667
847,253
At 30 November 2022
897,056
6,672
14,377
918,105
Carrying amount of plant & machinery on cost basis
842,249
847,755
Plant and machinery assets were revalued in November 2019 to reflect their fair market value in accordance with a number of independent valuations which confirmed that the market for such assets had become more buoyant since their acquisition in 2015.
Amounts falling due within one year
Trade debtors
299,221
267,650
Amounts due from group undertakings etc.
263,000
150,500
Accrued income and prepayments
13,695
8,413
BBE International Limited
Notes to the Accounts
for the year ended 30 November 2023
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
58,276
76,208
Obligations under finance leases and hire purchase contracts
150,157
50,441
Trade creditors
287,055
113,207
Taxes and social security
265,087
206,181
Bank loans and overdrafts are secured on the assets of the company.
Net obligations under finance leases and hire purchase contracts are secured on the assets acquired.
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
371,392
57,773
Bank loans and overdrafts are secured on the assets of the company.
Net obligations under finance leases and hire purchase contracts are secured on the assets acquired.
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Transactions with related parties
Included within debtors due within one year is £263,000 (2022 : £150,500) due from Beccanor Limited, the parent company. This balance is unsecured, interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 19 (2022: 19).