IRIS Accounts Production v24.3.0.553 02747961 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027479612023-03-31027479612024-03-31027479612023-04-012024-03-31027479612022-03-31027479612022-04-012023-03-31027479612023-03-3102747961ns15:EnglandWales2023-04-012024-03-3102747961ns14:PoundSterling2023-04-012024-03-3102747961ns10:Director12023-04-012024-03-3102747961ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102747961ns10:SmallEntities2023-04-012024-03-3102747961ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102747961ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102747961ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102747961ns10:FullAccounts2023-04-012024-03-3102747961ns10:OrdinaryShareClass12023-04-012024-03-3102747961ns10:Director22023-04-012024-03-3102747961ns10:CompanySecretary12023-04-012024-03-3102747961ns10:RegisteredOffice2023-04-012024-03-3102747961ns5:CurrentFinancialInstruments2024-03-3102747961ns5:CurrentFinancialInstruments2023-03-3102747961ns5:ShareCapital2024-03-3102747961ns5:ShareCapital2023-03-3102747961ns5:RetainedEarningsAccumulatedLosses2024-03-3102747961ns5:RetainedEarningsAccumulatedLosses2023-03-3102747961ns5:PlantMachinery2023-03-3102747961ns5:FurnitureFittings2023-03-3102747961ns5:MotorVehicles2023-03-3102747961ns5:PlantMachinery2023-04-012024-03-3102747961ns5:FurnitureFittings2023-04-012024-03-3102747961ns5:MotorVehicles2023-04-012024-03-3102747961ns5:PlantMachinery2024-03-3102747961ns5:FurnitureFittings2024-03-3102747961ns5:MotorVehicles2024-03-3102747961ns5:PlantMachinery2023-03-3102747961ns5:FurnitureFittings2023-03-3102747961ns5:MotorVehicles2023-03-3102747961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102747961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102747961ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 02747961 (England and Wales)















B.B.S. Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






B.B.S. Limited (Registered number: 02747961)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B.B.S. Limited

Company Information
for the year ended 31 March 2024







Directors: R D Frost
P M Frost





Secretary: P M Frost





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 02747961 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

B.B.S. Limited (Registered number: 02747961)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 9,492 9,246

Current assets
Stocks 193,923 168,201
Debtors 5 110,458 46,054
Cash at bank and in hand 64,027 19,781
368,408 234,036
Creditors
Amounts falling due within one year 6 317,591 189,130
Net current assets 50,817 44,906
Total assets less current liabilities 60,309 54,152

Provisions for liabilities 1,713 1,144
Net assets 58,596 53,008

Capital and reserves
Called up share capital 7 100 100
Retained earnings 58,496 52,908
Shareholders' funds 58,596 53,008

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.

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 6 November 2024 and were signed on its behalf by:





R D Frost - Director


B.B.S. Limited (Registered number: 02747961)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

B.B.S. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound..

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery25% per annum on cost
Fixtures, fittings & equipment15-33% per annum on cost
Motor vehicles25% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price. Financial assets classified as receivable within one year are not amortised.

B.B.S. Limited (Registered number: 02747961)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases
Rentals payable under operating leases are charged to income on a straight line basis over the term of the relevant lease.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 April 2023 68,315 161,318 16,201 245,834
Additions - 3,909 - 3,909
At 31 March 2024 68,315 165,227 16,201 249,743
Depreciation
At 1 April 2023 68,275 152,113 16,200 236,588
Charge for year - 3,663 - 3,663
At 31 March 2024 68,275 155,776 16,200 240,251
Net book value
At 31 March 2024 40 9,451 1 9,492
At 31 March 2023 40 9,205 1 9,246

B.B.S. Limited (Registered number: 02747961)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 20,665 11,479
Other debtors 89,793 34,575
110,458 46,054

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 249,685 144,423
Taxation and social security 27,825 30,872
Other creditors 40,081 13,835
317,591 189,130

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

8. Operating lease commitments

Lessee
As at 31 March 2023, the company was committed to making payments of £171,000 (2023 - £228,000) for rent over the total lease term of the financial commitments.

9. Directors' transactions

Included within other creditors at the year end is £16,971 (2023 - £556) due from the directors which was settled post year-end.