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REGISTERED NUMBER: 04167526 (England and Wales)















B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)






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


B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr L Mulder
Mr P J O'Reilly





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 04167526 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,534 10,156
Tangible assets 5 94,931 83,828
Investments 6 26,219 26,219
138,684 120,203

CURRENT ASSETS
Stocks 697,892 608,467
Debtors 7 638,160 621,129
Cash at bank and in hand 194,406 321,506
1,530,458 1,551,102
CREDITORS
Amounts falling due within one year 8 614,019 640,325
NET CURRENT ASSETS 916,439 910,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,055,123

1,030,980

CREDITORS
Amounts falling due after more than one
year

9

(21,131

)

(36,539

)

PROVISIONS FOR LIABILITIES 11 (16,823 ) (1,721 )
NET ASSETS 1,017,169 992,720

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,017,069 992,620
SHAREHOLDERS' FUNDS 1,017,169 992,720

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.

B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr P J O'Reilly - Director


B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)

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

1. STATUTORY INFORMATION

B.S. Supplies (Stoke-On-Trent) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods and consumables is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods and consumables.

On the rare occasions where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stock and work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 taxation
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)

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

2. ACCOUNTING POLICIES - continued

Judgements and key sources of estimation uncertainty
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

The company depreciates tangible assets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about the future use and therefore requires estimates and assumptions to be applied by directors and management. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance.

Judgment is applied by management when determining the residual values for plant, machinery and equipment. When determining the residual value, directors aim to assess the amount that the company would currently obtain for the disposal of the asset, if it were already in the condition expected at the end of its useful economic life. Where possible this is done with reference to external market prices.

Management undertake regular review of outstanding trade receivables and apply judgement in respect of trade receivables exceeding agreed payment terms to determine adjustment for bad debt provision.

Government grants
Government grants are recognised when there is reasonable assurance that the Company will comply with the conditions attaching to the grant and the grant will be received.

A grant that becomes receivable as compensation for costs already incurred is recognised as income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 39,213
Additions 17,148
At 31 March 2024 56,361
AMORTISATION
At 1 April 2023 29,057
Charge for year 9,770
At 31 March 2024 38,827
NET BOOK VALUE
At 31 March 2024 17,534
At 31 March 2023 10,156

B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 17,355 139,952 51,178
Additions 9,406 16,937 11,393
Disposals - - -
Reclassification/transfer - - -
At 31 March 2024 26,761 156,889 62,571
DEPRECIATION
At 1 April 2023 12,226 89,375 43,052
Charge for year 2,709 11,749 4,236
Eliminated on disposal - - -
At 31 March 2024 14,935 101,124 47,288
NET BOOK VALUE
At 31 March 2024 11,826 55,765 15,283
At 31 March 2023 5,129 50,577 8,126

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 38,237 33,616 280,338
Additions 200 - 37,936
Disposals (2,350 ) - (2,350 )
Reclassification/transfer - 1,050 1,050
At 31 March 2024 36,087 34,666 316,974
DEPRECIATION
At 1 April 2023 21,089 30,768 196,510
Charge for year 5,583 2,559 26,836
Eliminated on disposal (1,303 ) - (1,303 )
At 31 March 2024 25,369 33,327 222,043
NET BOOK VALUE
At 31 March 2024 10,718 1,339 94,931
At 31 March 2023 17,148 2,848 83,828

The net book value of tangible fixed assets includes £ 17,745 (2023 - £ 21,801 ) in respect of assets held under hire purchase contracts.

B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 26,219
NET BOOK VALUE
At 31 March 2024 26,219
At 31 March 2023 26,219

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 610,002 589,712
Prepayments 28,158 31,417
638,160 621,129

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) 5,408 5,408
Trade creditors 525,933 497,887
Tax 25,266 15,911
Social security and other taxes 10,868 12,397
VAT 33,565 42,417
Other creditors 2,140 2,135
Accrued expenses 839 54,170
614,019 640,325

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 11,667 21,667
Hire purchase contracts (see note 10) 9,464 14,872
21,131 36,539

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,667 21,667

B.S. SUPPLIES (STOKE-ON-TRENT) LIMITED (REGISTERED NUMBER: 04167526)

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

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,408 5,408
Between one and five years 9,464 14,872
14,872 20,280

Non-cancellable operating leases
2024 2023
£    £   
Within one year 34,592 34,433
Between one and five years 65,397 63,899
99,989 98,332

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,823 1,721

Deferred
tax
£   
Balance at 1 April 2023 1,721
Provided during year 15,102
Balance at 31 March 2024 16,823

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
95 Ordinary shares £1 95 95
5 Ordinary "A" shares £1 5 5
100 100

13. RELATED PARTY DISCLOSURES

It is considered that all related party transactions have been concluded under normal market conditions and therefore no disclosure is required.

14. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Eguchi Iwao Europe Limited by virtue of it's controlling shareholding in the company.