Registered number
10413951
BC and LJ Limited
Filleted Accounts
30 September 2024
BC and LJ Limited
Registered number: 10413951
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 883,441 883,441
Current assets
Cash at bank and in hand 664 2,342
Creditors: amounts falling due within one year 4 (553,593) (547,412)
Net current liabilities (552,929) (545,070)
Total assets less current liabilities 330,512 338,371
Creditors: amounts falling due after more than one year 5 (229,253) (255,429)
Net assets 101,259 82,942
Capital and reserves
Called up share capital 100 100
Profit and loss account 101,159 82,842
Shareholders' funds 101,259 82,942
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C Wogan
Director
Approved by the board on 8 November 2024
BC and LJ Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is the total of rents received or receivable in the period of the accounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and residential properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 883,441
At 30 September 2024 883,441
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 883,441
At 30 September 2023 883,441
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 23,590 21,305
Brian Wogan Limited 407,440 397,080
Directors loans 117,555 117,555
Taxation and social security costs 3,077 4,841
Other creditors 1,931 6,631
553,593 547,412
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 229,253 255,429
6 Other information
BC and LJ Limited is a private company limited by shares and incorporated in England. Its registered office is:
New House Farm
Stone Allerton
Axbridge
Somerset
BS26 2NW
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