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REGISTERED NUMBER: 05427862 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

BISHOPRIC LIMITED

BISHOPRIC LIMITED (REGISTERED NUMBER: 05427862)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BISHOPRIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: J A Robinson





SECRETARY: Mrs F E Robinson





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh-On-Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 05427862 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

BISHOPRIC LIMITED (REGISTERED NUMBER: 05427862)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,299 184,526

CURRENT ASSETS
Debtors 5 29,833 5,773
Cash at bank 6,236 21,302
36,069 27,075
CREDITORS
Amounts falling due within one year 6 131,300 124,632
NET CURRENT LIABILITIES (95,231 ) (97,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,068

86,969

CREDITORS
Amounts falling due after more than one
year

7

(38,148

)

(52,929

)

PROVISIONS FOR LIABILITIES (20,763 ) (18,745 )
NET ASSETS 7,157 15,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,057 15,195
SHAREHOLDERS' FUNDS 7,157 15,295

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BISHOPRIC LIMITED (REGISTERED NUMBER: 05427862)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 31st October 2024 and were signed by:





J A Robinson - Director


BISHOPRIC LIMITED (REGISTERED NUMBER: 05427862)

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

1. STATUTORY INFORMATION

Bishopric 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.
Plant and machinery etc - 25% on cost and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BISHOPRIC LIMITED (REGISTERED NUMBER: 05427862)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 341,256
Additions 5,238
At 31st December 2023 346,494
DEPRECIATION
At 1st January 2023 156,730
Charge for year 28,465
At 31st December 2023 185,195
NET BOOK VALUE
At 31st December 2023 161,299
At 31st December 2022 184,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,833 5,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Hire purchase contracts 11,781 11,781
Trade creditors 10,206 1,604
Taxation and social security 723 2,039
Other creditors 105,590 106,208
131,300 124,632

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 5,750 8,750
Hire purchase contracts 32,398 44,179
38,148 52,929

BISHOPRIC LIMITED (REGISTERED NUMBER: 05427862)

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

8. RELATED PARTY DISCLOSURES

Invoices totalling £33,996 were raised to entities under common control of the directors during the period. The trade debtor balance outstanding from these entities at the balance sheet date was £18,724 (2022 £62)

At the balance sheet date the company owed an entity under common control of the directors an amount of £26,542 (2022 - £26,542). This loan is interest free and repayable on demand.

Included within other creditors is a loan from the director totalling £100 (2022: £100). This loan is interest free and repayable on demand.