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REGISTERED NUMBER: 03204284 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BUDGET WINDSCREENS (BEDFORD) LIMITED

BUDGET WINDSCREENS (BEDFORD) LIMITED (REGISTERED NUMBER: 03204284)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUDGET WINDSCREENS (BEDFORD) LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: S F Church
L F Church





REGISTERED OFFICE: Unit A2
Suttons Business Park
New Road
Rainham
Essex
RM13 8DE





REGISTERED NUMBER: 03204284 (England and Wales)





ACCOUNTANTS: Lipson & Co
88 North Street
Hornchurch
Essex
RM11 1SR

BUDGET WINDSCREENS (BEDFORD) LIMITED (REGISTERED NUMBER: 03204284)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 20,346 14,905
Cash at bank and in hand 204,901 91,304
225,247 106,209
CREDITORS
Amounts falling due within one year 5 184,468 71,877
NET CURRENT ASSETS 40,779 34,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,779

34,332

CREDITORS
Amounts falling due after more than one year 6 38,427 43,982
NET ASSETS/(LIABILITIES) 2,352 (9,650 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,350 (9,652 )
SHAREHOLDERS' FUNDS 2,352 (9,650 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 9 December 2024 and were signed on its behalf by:





S F Church - Director


BUDGET WINDSCREENS (BEDFORD) LIMITED (REGISTERED NUMBER: 03204284)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Budget Windscreens (Bedford) 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.

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

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.

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.

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 5 (2022 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,346 14,905

BUDGET WINDSCREENS (BEDFORD) LIMITED (REGISTERED NUMBER: 03204284)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,281 23,112
Other loans 83,562 17,906
Trade creditors 35,365 8,791
Tax 6,959 3,315
Social security and other taxes 7,815 8,234
VAT 19,677 9,710
Accrued expenses 809 809
184,468 71,877

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 16,204 21,759
38,427 43,982

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,204 21,759

7. ULTIMATE CONTROLLING PARTY

The company is controlled by S F Church, a director and shareholder in the company.