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REGISTERED NUMBER: 05802836 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BADGER OFFICE SUPPLIES LIMITED

BADGER OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 05802836)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BADGER OFFICE SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr D J Haines
K Kitchen
Mrs F M Haines





SECRETARY: D J Haines





REGISTERED OFFICE: Unit C Ordnance Road
Buckshaw Village
Chorley
Lancashire
PR7 7EL





REGISTERED NUMBER: 05802836 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

BADGER OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 05802836)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,000 32,000
Tangible assets 5 1,406,451 1,463,421
1,418,451 1,495,421

CURRENT ASSETS
Stocks 849,335 220,530
Debtors 6 824,696 333,830
Cash at bank and in hand 119,484 48,171
1,793,515 602,531
CREDITORS
Amounts falling due within one year 7 327,011 296,881
NET CURRENT ASSETS 1,466,504 305,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,884,955

1,801,071

CREDITORS
Amounts falling due after more than one year 8 (2,385,284 ) (1,056,284 )

PROVISIONS FOR LIABILITIES (23,970 ) (23,970 )
NET ASSETS 475,701 720,817

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 465,701 710,817
SHAREHOLDERS' FUNDS 475,701 720,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

BADGER OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 05802836)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mr D J Haines - Director


BADGER OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 05802836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Badger Office Supplies 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 the amount derived from goods supplied during the year, and is stated after trade discounts and net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 2% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 20% on 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BADGER OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 05802836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company has sufficient financial resources to continue as a going concern. The director believes the company is well placed to manage its business risk successfully despite the current uncertain economic outlook.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the company has continued to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 220,604 100,000 320,604
AMORTISATION
At 1 June 2023 220,604 68,000 288,604
Charge for year - 20,000 20,000
At 31 May 2024 220,604 88,000 308,604
NET BOOK VALUE
At 31 May 2024 - 12,000 12,000
At 31 May 2023 - 32,000 32,000

BADGER OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 05802836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 1,727,539 181,259 1,093,000 4,000 3,005,798
Additions - - 3,714 - 3,714
Disposals - - - (4,000 ) (4,000 )
At 31 May 2024 1,727,539 181,259 1,096,714 - 3,005,512
DEPRECIATION
At 1 June 2023 436,359 181,259 920,759 4,000 1,542,377
Charge for year 34,551 - 26,133 - 60,684
Eliminated on disposal - - - (4,000 ) (4,000 )
At 31 May 2024 470,910 181,259 946,892 - 1,599,061
NET BOOK VALUE
At 31 May 2024 1,256,629 - 149,822 - 1,406,451
At 31 May 2023 1,291,180 - 172,241 - 1,463,421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 524,691 245,076
Other debtors 300,005 88,754
824,696 333,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 178,453 105,127
Taxation and social security 50,840 93,633
Other creditors 87,718 88,121
327,011 296,881

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 19,284 29,284
Other creditors 2,366,000 1,027,000
2,385,284 1,056,284

BADGER OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 05802836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Bank loans 29,284 39,284
Other creditors 2,426,000 1,087,000
2,455,284 1,126,284

The amount in other creditors, which is due to D J, and Mrs F M Haines, directors of the company, is secured by a fixed and floating charge dated 27 July 2006.

All the company's liabilities to its bankers are secured by way of a debenture dated 26 January 2009 and a legal charge dated 29 November 2010.

10. RELATED PARTY DISCLOSURES

D J Haines is a director and a shareholder of Inkjet Direct Ltd, Greentrees International Limited and Badger Office Supplies Limited (the company).

The company made supplies and purchases on a normal trading basis to and from Inkjet Direct Ltd.

Included in turnover are sales to Inkjet Direct Ltd of £1,908 (2023 £188,966). The balance included in trade debtors at the year end was £900 (2023 35,464).

Included in cost of sales are purchases from Inkjet Direct Ltd of £656,830 (2023 £79,946). The balance included in trade creditors at the year end was £Nil (2023 £1,158).

Included within other creditors is a loan to the company of £2,426,000 (2023: £1,087,000) from D J, and Mrs F M Haines directors of the company. No interest has been charged.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director D J Haines by way of his shareholding.