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REGISTERED NUMBER: 06640026 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

BIFF TRADING LIMITED

BIFF TRADING LIMITED (REGISTERED NUMBER: 06640026)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIFF TRADING LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr L Kirwan
Mr O G Siebert





REGISTERED OFFICE: 25 Fairway
Hemel Hempstead
Hertfordshire
HP3 9TP





REGISTERED NUMBER: 06640026 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

BIFF TRADING LIMITED (REGISTERED NUMBER: 06640026)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,434 2,652

CURRENT ASSETS
Debtors 5 26,547 20,076
Cash at bank 22,275 59,825
48,822 79,901
CREDITORS
Amounts falling due within one year 6 23,661 49,193
NET CURRENT ASSETS 25,161 30,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,595

33,360

CREDITORS
Amounts falling due after more than one year 7 16,167 18,000
NET ASSETS 10,428 15,360

CAPITAL AND RESERVES
Called up share capital 8 1,002 1,002
Retained earnings 9,426 14,358
SHAREHOLDERS' FUNDS 10,428 15,360

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

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

BIFF TRADING LIMITED (REGISTERED NUMBER: 06640026)

Balance Sheet - continued
31 March 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 21 October 2024 and were signed on its behalf by:





Mr L Kirwan - Director


BIFF TRADING LIMITED (REGISTERED NUMBER: 06640026)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Biff Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
£   
COST
At 1 April 2023
and 31 March 2024 16,857
DEPRECIATION
At 1 April 2023 14,205
Charge for year 1,218
At 31 March 2024 15,423
NET BOOK VALUE
At 31 March 2024 1,434
At 31 March 2023 2,652

BIFF TRADING LIMITED (REGISTERED NUMBER: 06640026)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,321 11,916
Directors' current accounts 6,179 8,160
VAT 47 -
26,547 20,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,106 4,500
Trade creditors 46 44
Tax 20,509 20,056
VAT - 593
Accruals and deferred income - 24,000
23,661 49,193

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 3,106 4,500
Bank loans - 2-5 years 13,061 13,500
16,167 18,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,002 Ordinary £1 1,002 1,002

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At balance sheet date, the directors owed the company £(6,179) (2023: £(8,160)) which was repaid within 9 months of the year end. Interest is charged on overdrawn loan amounts.