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REGISTERED NUMBER: 02756135 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

BBH Limited

BBH Limited (Registered number: 02756135)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BBH Limited (Registered number: 02756135)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 5 51,978 30,760

Current assets
Stocks 17,105 22,868
Debtors 6 85,965 83,521
Cash at bank and in hand 367,023 336,348
470,093 442,737
Creditors
Amounts falling due within one year 7 (159,539 ) (164,093 )
Net current assets 310,554 278,644
Total assets less current liabilities 362,532 309,404

Provisions for liabilities (12,903 ) (7,620 )
Net assets 349,629 301,784

Capital and reserves
Called up share capital 100 100
Share premium 890 890
Retained earnings 348,639 300,794
349,629 301,784

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.

BBH Limited (Registered number: 02756135)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mrs H J Raby - Director


BBH Limited (Registered number: 02756135)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

BBH 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: 02756135

Registered office: Units 9-10, 251 Holt Road
Horsford
Norwich
Norfolk
NR10 3EB

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

BBH Limited (Registered number: 02756135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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


BBH Limited (Registered number: 02756135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employees and directors

The average number of employees during the year was 11 (2023 - 11 ) .

BBH Limited (Registered number: 02756135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 April 2023 2,065 66,323 2,418 70,806
Additions 1,817 33,977 264 36,058
Disposals - (9,912 ) - (9,912 )
At 31 March 2024 3,882 90,388 2,682 96,952
Depreciation
At 1 April 2023 414 38,149 1,483 40,046
Charge for year 463 12,246 625 13,334
Eliminated on disposal - (8,406 ) - (8,406 )
At 31 March 2024 877 41,989 2,108 44,974
Net book value
At 31 March 2024 3,005 48,399 574 51,978
At 31 March 2023 1,651 28,174 935 30,760

6. Debtors
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 75,698 63,432
Other debtors 9,700 19,522
85,398 82,954

Amounts falling due after more than one year:
Other debtors 567 567

Aggregate amounts 85,965 83,521

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 69,076 98,654
Taxation and social security 57,457 61,201
Other creditors 33,006 4,238
159,539 164,093

BBH Limited (Registered number: 02756135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
Mrs H J Raby
Balance outstanding at start of year 526 1,746
Amounts advanced - 780
Amounts repaid (526 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 526

Mr L D Raby
Balance outstanding at start of year 129 -
Amounts advanced - 129
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129 129

Interest was not charged on the loans.

9. Related party disclosures

During the year sales of £nil (2023 - £650) were made to related parties.