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REGISTERED NUMBER: 10642395 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Binning Trading Company Limited

Binning Trading Company Limited (Registered number: 10642395)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Binning Trading Company Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: N J S Binning





REGISTERED OFFICE: 87 Drewstead Road
London
SW16 1AX





REGISTERED NUMBER: 10642395 (England and Wales)





ACCOUNTANTS: PHS Accountants Ltd
105a Albemarle Road
Beckenham
Kent
BR3 5HS

Binning Trading Company Limited (Registered number: 10642395)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 4,360 5,483
4,360 5,483

CURRENT ASSETS
Stocks 36,950 36,250
Debtors 7 6,100 5,500
Cash at bank 2,514 5,683
45,564 47,433
CREDITORS
Amounts falling due within one year 8 32,637 33,383
NET CURRENT ASSETS 12,927 14,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,287

19,533

CREDITORS
Amounts falling due after more than one
year

9

39,545

42,845
NET LIABILITIES (22,258 ) (23,312 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (22,358 ) (23,412 )
(22,258 ) (23,312 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Binning Trading Company Limited (Registered number: 10642395)

Balance Sheet - continued
31 October 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 29 November 2024 and were signed by:





N J S Binning - Director


Binning Trading Company Limited (Registered number: 10642395)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Binning Trading Company 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued financial support of the company by its director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over 15 years
Fixtures and fittings - 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Binning Trading Company Limited (Registered number: 10642395)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 25,000
AMORTISATION
At 1 November 2022
and 31 October 2023 25,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 2,970 15,670 18,640
DEPRECIATION
At 1 November 2022 1,188 11,969 13,157
Charge for year 198 925 1,123
At 31 October 2023 1,386 12,894 14,280
NET BOOK VALUE
At 31 October 2023 1,584 2,776 4,360
At 31 October 2022 1,782 3,701 5,483

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 6,100 5,500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 8,120 10,654
Trade creditors 1,200 1,400
Taxation and social security 2,358 4,570
Other creditors 20,959 16,759
32,637 33,383

Binning Trading Company Limited (Registered number: 10642395)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 39,545 42,845