Registered number
06606217
Bangladesh Corporation UK Limited
Filleted Accounts
31 December 2023
Bangladesh Corporation UK Limited
Registered number: 06606217
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 87,011 112,182
Current assets
Stocks 691,293 668,036
Debtors 4 1,289,876 1,255,836
Cash at bank and in hand 148,585 57,180
2,129,754 1,981,052
Creditors: amounts falling due within one year 5 (1,926,800) (1,759,268)
Net current assets 202,954 221,784
Total assets less current liabilities 289,965 333,966
Creditors: amounts falling due after more than one year 6 (150,886) (209,869)
Net assets 139,079 124,097
Capital and reserves
Called up share capital 100 100
Profit and loss account 138,979 123,997
Shareholders' funds 139,079 124,097
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M A Bashar
Director
Approved by the board on 24 April 2024
Bangladesh Corporation UK Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 15% Reducing Balance
Fixtures, fittings, tools and equipment 10% Straight Line
Vehicle 25% Reducing Balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 17 17
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 116,348 446,855 563,203
At 31 December 2023 116,348 446,855 563,203
Depreciation
At 1 January 2023 89,080 361,941 451,021
Charge for the year 3,942 21,229 25,171
At 31 December 2023 93,022 383,170 476,192
Net book value
At 31 December 2023 23,326 63,685 87,011
At 31 December 2022 27,268 84,914 112,182
4 Debtors 2023 2022
£ £
Trade debtors 1,253,753 1,236,961
Other debtors 36,123 18,875
1,289,876 1,255,836
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,289 792
Trade creditors 1,819,801 1,623,291
Other creditors 106,878 134,137
Pension 2 988
Taxation and social security costs (1,170) 60
1,926,800 1,759,268
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 68,000 93,914
Obligations under finance lease and hire purchase contracts 82,886 115,955
150,886 209,869
7 Other information
Bangladesh Corporation UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 Portland Commercial Estate
Barking
IG11 0TW
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