Registered number: 8817692 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
Middlesex | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
536,713 | 606,830 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 387,770 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 362,419 | 449,736 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 514,133 | 502,314 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Bamgro Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Depreciation | ||||||||
Commercial Vehicles | reducing balance 10% | |||||||
Equipment | reducing 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 | ||||||||||||||
Vehicles | Equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost | ||||||||||||||
At 01/01/2023 | 945,009 | 19,117 | 964,126 | |||||||||||
Additions | 86,450 | 4,817 | 91,267 | |||||||||||
At 31/12/2023 | 1,031,459 | 23,934 | 1,055,393 | |||||||||||
Depreciation | ||||||||||||||
At 01/01/2023 | 304,797 | 8,706 | 313,503 | |||||||||||
For the year | 70,731 | 4,083 | 74,814 | |||||||||||
At 31/12/2023 | 375,528 | 12,789 | 388,317 | |||||||||||
Net Book Amounts | ||||||||||||||
At 31/12/2023 | 667,076 | |||||||||||||
At 31/12/2022 | 650,623 | |||||||||||||
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 interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/01/2023 | 100 | 100 | |||||||
At 31/12/2023 | 100 | 100 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/12/2023 | 100 | 100 | |||||||
At 31/12/2022 | 100 | 100 | |||||||
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 | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 202,569 | 202,571 | ||||||
VAT | 10,467 | 7,335 | ||||||
Other debtors | 121,338 | 222,590 | ||||||
Amounts due from group companies | 35,000 | 35,000 | ||||||
Prepayments | 167,339 | 139,334 | ||||||
536,713 | 606,830 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
PAYE control | 16,361 | 4,119 | ||||||
Bank loans and overdrafts | 2,595 | 1,276 | ||||||
Bank Loan | 96,308 | - | ||||||
Hire purchase | 93,203 | 150,875 | ||||||
Other creditors | 29,987 | 61,590 | ||||||
Accruals | 1,300 | 1,200 | ||||||
239,754 | 219,060 | |||||||
Bamgro Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 15,833 | 35,833 | ||||||
Bank loans (secured) >1yr | 157,220 | 143,682 | ||||||
Hire purchase >1yr | 189,366 | 270,221 | ||||||
362,419 | 449,736 | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 7 | |||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 87,581 | 86,441 | ||||||
87,581 | 86,441 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
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 | |||||||||||||||||||||||||||||||||||||
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