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
B2B WORKWEAR & JANITORIAL LIMITED
Company Information
for the year ended 31 July 2024
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
B2B WORKWEAR & JANITORIAL LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
109,431
111,275
Cash at bank and in hand
2,095
(7,843)
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)
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
B2B WORKWEAR & JANITORIAL LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Computer equipment
25% S/L
Other tangible fixed assets
25% S/L
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 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 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.
B2B WORKWEAR & JANITORIAL LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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
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
At 31 July 2024
96,716
12,046
669
109,431
At 31 July 2023
98,018
10,812
2,445
111,275
Raw materials
40,406
38,991
Work in progress
15,210
14,425
Stock is valued at Last cost price
Amounts falling due within one year
Trade debtors
173,190
97,715
Accrued income and prepayments
4,029
1,121
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
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)
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
£9,878 outstanding on the Restart Loan
£29,516 outstanding on Machinery Loans ( Haydock Finance and Aldemore)
£26,000 on Credit Cards
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
Auto enrolment Pension with Nest
Employer contribution of 3% per eligible employee
Directors Pension £500 per month ( St James Place)
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
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).