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REGISTERED NUMBER: 01414112 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

B.D.E. (NORTHAMPTON) LIMITED

B.D.E. (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 01414112)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.D.E. (NORTHAMPTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J P Hall
Mr R C Rawsthorne





SECRETARY: Miss M D Wilkins





REGISTERED OFFICE: 13 Brookgate
South Liberty Lane
Bristol
BS3 2UN





REGISTERED NUMBER: 01414112 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

B.D.E. (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 01414112)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 306,525 306,780

CURRENT ASSETS
Stocks 10,955 558,490
Debtors 5 578,357 214,470
Cash at bank 2,625 7,873
591,937 780,833
CREDITORS
Amounts falling due within one year 6 422,724 583,391
NET CURRENT ASSETS 169,213 197,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,738

504,222

CREDITORS
Amounts falling due after more than
one year

7

-

(27,636

)

PROVISIONS FOR LIABILITIES 9 (61 ) (73 )
NET ASSETS 475,677 476,513

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 475,377 476,213
SHAREHOLDERS' FUNDS 475,677 476,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

B.D.E. (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 01414112)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mr R C Rawsthorne - Director


B.D.E. (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 01414112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

B.D.E. (Northampton) Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold property is recorded at current market value, the remaining fixed assets are recorded at historical cost.

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

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.


B.D.E. (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 01414112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 305,760 82,707 1,209 389,676
DEPRECIATION
At 1 January 2023 - 82,080 816 82,896
Charge for year - 157 98 255
At 31 December 2023 - 82,237 914 83,151
NET BOOK VALUE
At 31 December 2023 305,760 470 295 306,525
At 31 December 2022 305,760 627 393 306,780

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 565,193 168,176
Loan to associated company (7,292 ) 32,708
Other debtors 11,500 11,500
Prepayments and accrued income 8,956 2,086
578,357 214,470

B.D.E. (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 01414112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 11,487 18,721
Trade creditors 180,295 339,111
Taxation and social security 85,068 48,060
Other creditors 145,874 177,499
422,724 583,391

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 27,636

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,334

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Invoice financing 81,757 110,895
Bank Loan 11,487 45,526
93,244 156,421

This debt is secured by way of a fixed and floating charge over the company's assets.

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 61 73

B.D.E. (NORTHAMPTON) LIMITED (REGISTERED NUMBER: 01414112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 73
Reversal of timing differences (12 )
Accelerated capital allowances
Balance at 31 December 2023 61

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
300 Ordinary £1 300 300

11. RELATED PARTY DISCLOSURES

During the year the company entered into, in the normal course of its business, various contracts for sales and purchases with Berkeley Stainless Fittings Limited, a company controlled by the Director, J P Hall.

The total value of sales net of VAT invoiced by the company during the year was £974,587 (2022 - £558,212) and the total value of purchases was £177,939 (2022 - £215,220).

At 31 December 2022 £7,292 was owed to the company by Berkeley Stainless Fittings Limited (2022 - £32,707).

During the year the company entered into, in the normal course of its business, various contracts for sales and purchases with BSF Thailand Limited, a company controlled by the Director, J P Hall.

The total value of sales net of VAT invoiced by the company during the year was £Nil (2022 - £Nil) and the total value of purchases was £376,900 (2022 - £464,522).

At 31 December 2023 the company owed BSF Thailand £28,858 (2022 - £42,471).

The company maintained an interest free loan with the director, as at 31 December 2023 the company owed £55,142 (2022 - £57,142).

12. ULTIMATE CONTROLLING PARTY

J P Hall is the ultimate controlling party.