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REGISTERED NUMBER: 09475741 (England and Wales)















BAGS-O-BRICKS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAGS-O-BRICKS LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: J A Hinks





REGISTERED OFFICE: 4 Heaton Park Villas
Huddersfield
West Yorkshire
HD1 4HJ





REGISTERED NUMBER: 09475741 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 606 991

CURRENT ASSETS
Stocks 16,748 17,852
Debtors 5 395 257
Cash at bank 775 3,547
17,918 21,656
CREDITORS
Amounts falling due within one year 6 (6,013 ) (3,270 )
NET CURRENT ASSETS 11,905 18,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,511

19,377

PROVISIONS FOR LIABILITIES 8 - (188 )
NET ASSETS 12,511 19,189

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,411 19,089
SHAREHOLDERS' FUNDS 12,511 19,189

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 director acknowledges his 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.

BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

BALANCE SHEET - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





J A Hinks - Director


BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Bags-o-bricks Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised on the supply of goods to the customer excluding value added tax.

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 - 25% on cost
Computer equipment - 33% on cost

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 11,163
DEPRECIATION
At 1 April 2023 10,172
Charge for year 385
At 31 March 2024 10,557
NET BOOK VALUE
At 31 March 2024 606
At 31 March 2023 991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 395 257

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 725 1,065
Other creditors 5,288 2,205
6,013 3,270

BAGS-O-BRICKS LTD (REGISTERED NUMBER: 09475741)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,223 8,223
Between one and five years 11,650 19,873
19,873 28,096

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 188

Deferred
tax
£   
Balance at 1 April 2023 188
Provided during year (188 )
Balance at 31 March 2024 -

9. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £4,625 (2023- £602) were outstanding at the year end, the amounts are repayable on demand

10. ULTIMATE CONTROLLING PARTY

The controlling party is J A Hinks.