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Company Registration No. 12748956 (England and Wales)
B2B WORKWEAR & JANITORIAL LIMITED Unaudited accounts for the year ended 31 July 2024
B2B WORKWEAR & JANITORIAL LIMITED Unaudited accounts Contents
Page
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B2B WORKWEAR & JANITORIAL LIMITED Company Information for the year ended 31 July 2024
Director
Lee Potter
Company Number
12748956 (England and Wales)
Registered Office
3 CRUMMOCK CLOSE, Little lever, BL3 1UG LITTLE LEVER Bolton Manchester BL3 1UG United Kingdom
Accountants
Joy Noakes 3 Crummock Close Little Lever Bolton Lancs BL3 1UG
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B2B WORKWEAR & JANITORIAL LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
109,431 
111,275 
Current assets
Inventories
55,616 
53,416 
Debtors
177,219 
98,836 
Cash at bank and in hand
2,095 
(7,843)
234,930 
144,409 
Creditors: amounts falling due within one year
(253,744)
(180,343)
Net current liabilities
(18,814)
(35,934)
Total assets less current liabilities
90,617 
75,341 
Creditors: amounts falling due after more than one year
(65,395)
(59,055)
Net assets
25,222 
16,286 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
25,219 
16,283 
Shareholders' funds
25,222 
16,286 
For the year ending 31 July 2024 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 director acknowledges his 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 and authorised for issue on 17 September 2024 and were signed on its behalf by
Lee Potter Director Company Registration No. 12748956
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B2B WORKWEAR & JANITORIAL LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
B2B WORKWEAR & JANITORIAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12748956. The registered office is 3 CRUMMOCK CLOSE, Little lever, BL3 1UG, LITTLE LEVER, Bolton, Manchester, BL3 1UG, United Kingdom.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
4% S/L
Motor vehicles
10% S/L
Computer equipment
25% S/L
Other tangible fixed assets
25% S/L
Inventories
Inventories have been valued at the last cost price. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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B2B WORKWEAR & JANITORIAL LIMITED Notes to the Accounts for the year ended 31 July 2024
Going concern
The Business has shown 65% growth on last year . This is the fourth year of trade.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
105,761 
10,995 
8,260 
125,016 
Additions
2,980 
2,500 
282 
5,762 
At 31 July 2024
108,741 
13,495 
8,542 
130,778 
Depreciation
At 1 August 2023
7,743 
183 
5,815 
13,741 
Charge for the year
4,282 
1,266 
2,058 
7,606 
At 31 July 2024
12,025 
1,449 
7,873 
21,347 
Net book value
At 31 July 2024
96,716 
12,046 
669 
109,431 
At 31 July 2023
98,018 
10,812 
2,445 
111,275 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
40,406 
38,991 
Work in progress
15,210 
14,425 
55,616 
53,416 
Stock is valued at Last cost price
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
173,190 
97,715 
Accrued income and prepayments
4,029 
1,121 
177,219 
98,836 
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B2B WORKWEAR & JANITORIAL LIMITED Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,022 
30,095 
VAT
15,614 
10,626 
Trade creditors
165,604 
123,566 
Taxes and social security
28,900 
1,801 
Other creditors
23,296 
12,834 
Loans from directors
(3,979)
(4,096)
Accruals
287 
5,517 
253,744 
180,343 
Vat £15,614 Restart Loan £9,300 Loan to finance Machinery £14,722 Trade Creditors £165,604 Corporation Tax £26,183 Stock Accruals £2,946 Other Creditors ( Credit Cards) £20,350 Paye £2,717 Accruals£288 DLA (£3,979)
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
65,395 
59,055 
£9,878 outstanding on the Restart Loan £29,516 outstanding on Machinery Loans ( Haydock Finance and Aldemore) £26,000 on Credit Cards
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
1 Ordinary A Shares of £1 each
1 
1 
1 Ordinary B Shares of £1 each
1 
1 
3 
3 
10
Pension commitments
Auto enrolment Pension with Nest Employer contribution of 3% per eligible employee Directors Pension £500 per month ( St James Place)
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B2B WORKWEAR & JANITORIAL LIMITED Notes to the Accounts for the year ended 31 July 2024
11
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
13,860 
13,680 
Later than one year and not later than five years
23,000 
23,940 
36,860 
37,620 
12
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lee Potter
Directors Loan
4,059 
3,979 
4,059 
3,979 
4,059 
3,979 
4,059 
3,979 
The Directors Loan was repaid in full by the 16th of September 2024.
13
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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