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REGISTERED NUMBER: 04668145 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BISHOP & LEVETT LIMITED

BISHOP & LEVETT LIMITED (REGISTERED NUMBER: 04668145)






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


BISHOP & LEVETT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M N Levett
T Levett





SECRETARY: T Levett





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 04668145 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

BISHOP & LEVETT LIMITED (REGISTERED NUMBER: 04668145)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 177,764 145,265
177,764 145,265

CURRENT ASSETS
Stocks 8,750 10,750
Debtors 6 1,031,112 746,398
Cash at bank and in hand 111,088 223,638
1,150,950 980,786
CREDITORS
Amounts falling due within one year 7 566,419 379,919
NET CURRENT ASSETS 584,531 600,867
TOTAL ASSETS LESS CURRENT LIABILITIES 762,295 746,132

CREDITORS
Amounts falling due after more than one
year

8

(56,904

)

(48,496

)

PROVISIONS FOR LIABILITIES (44,442 ) (36,411 )
NET ASSETS 660,949 661,225

BISHOP & LEVETT LIMITED (REGISTERED NUMBER: 04668145)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 674 674
Capital redemption reserve 330 330
Retained earnings 659,945 660,221
SHAREHOLDERS' FUNDS 660,949 661,225

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





M N Levett - Director


BISHOP & LEVETT LIMITED (REGISTERED NUMBER: 04668145)

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

1. STATUTORY INFORMATION

Bishop & Levett 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.

Turnover
Turnover represents net invoiced sales of goods and services, and rental income receivable on investment properties, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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

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.


BISHOP & LEVETT LIMITED (REGISTERED NUMBER: 04668145)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

BISHOP & LEVETT LIMITED (REGISTERED NUMBER: 04668145)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 320,626
Additions 83,883
Disposals (1,076 )
At 31 March 2024 403,433
DEPRECIATION
At 1 April 2023 175,361
Charge for year 50,308
At 31 March 2024 225,669
NET BOOK VALUE
At 31 March 2024 177,764
At 31 March 2023 145,265

BISHOP & LEVETT LIMITED (REGISTERED NUMBER: 04668145)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 82,572
Additions 44,370
Transfer to ownership (22,970 )
At 31 March 2024 103,972
DEPRECIATION
At 1 April 2023 21,773
Charge for year 16,790
Transfer to ownership (10,855 )
At 31 March 2024 27,708
NET BOOK VALUE
At 31 March 2024 76,264
At 31 March 2023 60,799

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 818,470 208,568
Amounts recoverable on contract 185,959 129,025
Other debtors 26,683 408,805
1,031,112 746,398

BISHOP & LEVETT LIMITED (REGISTERED NUMBER: 04668145)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 14,321 9,459
Trade creditors 228,613 168,161
Taxation and social security 242,080 189,773
Other creditors 71,405 2,526
566,419 379,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 44,404 25,996
56,904 48,496

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
672 Ordinary £1 672 672
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
674 674

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Levett Holdings Limited by virtue of their majority shareholding.

11. CONSOLIDATED FINANCIAL STATEMENTS

The company is a wholly owned subsidiary of Levett Holdings Limited. Levett Holdings Limited is exempt by virtue of section 399 of The Companies Act 2006 from the requirement to prepare consolidated financial statements. Copies of the financial statements for Levett Holdings Limited can be obtained from Companies House in the United Kingdom.