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Registered number: 8817692

Bamgro Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Bamgro Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Gedalya Grossnass
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8817692
BANKERS
Natwest
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Bamgro Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Bamgro Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2667,076650,623
Investment Assets3100100
667,176650,723
CURRENT ASSETS
Debtors4536,713606,830
536,713606,830
CREDITORS: Amounts falling due within one year5239,754219,060
NET CURRENT ASSETS296,959387,770
TOTAL ASSETS LESS CURRENT LIABILITIES964,1351,038,493
CREDITORS: Amounts falling due after more than one year6362,419449,736
PROVISIONS FOR LIABILITIES AND CHARGES887,58186,441
NET ASSETS514,135502,316
CAPITAL AND RESERVES
Called up share capital922
Profit and loss account514,133502,314
SHAREHOLDERS' FUNDS514,135502,316
For the year ending 31/12/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/08/2024 and signed on their behalf by
.............................
Gedalya Grossnass
Director

Bamgro Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 10%
Equipmentreducing balance 33%
1b. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1c. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/01/2023945,00919,117964,126
Additions86,4504,81791,267
At 31/12/20231,031,45923,9341,055,393
Depreciation
At 01/01/2023304,7978,706313,503
For the year70,7314,08374,814
At 31/12/2023375,52812,789388,317
Net Book Amounts
At 31/12/2023655,93111,145667,076
At 31/12/2022640,21210,411650,623
Included in the net book value of commerial vehicles is £587,799 (2022: £566,660) of assets held under hire purchase leases. The depreciation charged in respect of these assets in the year totalled £65,311 (2022: £62,962).

Bamgro Limited

3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/01/2023100100
At 31/12/2023100100
Amortisation
Net Book Amounts
At 31/12/2023100100
At 31/12/2022100100
Investments represent the costs of the whole of the called up share capital of Edgware Zoo Limited (company number 12031733). As of 30 June 2023, Edgware Zoo Limited had net assets of £34,804 (2022: £17,334) and the profit for the year then ended was £17,470 (2022: £1,441).
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors202,569202,571
VAT10,4677,335
Other debtors121,338222,590
Amounts due from group companies35,00035,000
Prepayments167,339139,334
536,713606,830
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
PAYE control16,3614,119
Bank loans and overdrafts2,5951,276
Bank Loan96,308-
Hire purchase93,203150,875
Other creditors29,98761,590
Accruals1,3001,200
239,754219,060

Bamgro Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr15,83335,833
Bank loans (secured) >1yr157,220143,682
Hire purchase >1yr189,366270,221
362,419449,736
7. EMPLOYEES
20232022
No.No.
Average number of employees97
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation87,58186,441
87,58186,441
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
10. CONTROLLING PARTY
The company is controlled by G. Grossnass by virtue of the fact that he owns 100% of the company's issued and called up voting share capital.

Bamgro Limited

11. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by the director, G Grossnass. The loans are interest free and repayable on demand. At the year end, the balance due to the director totalled £4,552 (2022: £34,296).
During the year, remuneration of £8,513 (2022: £7,838) was paid to G. Grossnass, the director.