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Company Registration No. 13315914 (England and Wales)
Bispol Candles Limited Unaudited accounts for the year ended 30 April 2024
Bispol Candles Limited Unaudited accounts Contents
Page
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Bispol Candles Limited Company Information for the year ended 30 April 2024
Director
Maciej Edward Stachaczynski
Company Number
13315914 (England and Wales)
Registered Office
32 Wensley Avenue Hull Eat Yorkshire HU6 8QY England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Bispol Candles Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
636 
728 
Current assets
Debtors
5,834 
8,906 
Cash at bank and in hand
50,554 
54,513 
56,388 
63,419 
Creditors: amounts falling due within one year
(13,197)
(27,512)
Net current assets
43,191 
35,907 
Total assets less current liabilities
43,827 
36,635 
Provisions for liabilities
Deferred tax
(121)
(138)
Net assets
43,706 
36,497 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
43,606 
36,397 
Shareholders' funds
43,706 
36,497 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2024 and were signed on its behalf by
Maciej Edward Stachaczynski Director Company Registration No. 13315914
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Bispol Candles Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Bispol Candles Limited is a private company, limited by shares, registered in England and Wales, registration number 13315914. The registered office is 32 Wensley Avenue, Hull, Eat Yorkshire, HU6 8QY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% cost
Computer equipment
25% cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Bispol Candles Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
- 
1,331 
1,331 
Additions
245 
- 
245 
At 30 April 2024
245 
1,331 
1,576 
Depreciation
At 1 May 2023
- 
603 
603 
Charge for the year
4 
333 
337 
At 30 April 2024
4 
936 
940 
Net book value
At 30 April 2024
241 
395 
636 
At 30 April 2023
- 
728 
728 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,612 
8,284 
Accrued income and prepayments
222 
622 
5,834 
8,906 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
738 
362 
Trade creditors
- 
682 
Taxes and social security
11,260 
17,527 
Loans from directors
1,199 
8,941 
13,197 
27,512 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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