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REGISTERED NUMBER: 04354372 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2024

FOR

BDH CENTRELESS LTD

BDH CENTRELESS LTD (REGISTERED NUMBER: 04354372)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BDH CENTRELESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JANUARY 2024







DIRECTORS: P A Hyson
S J Hyson





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 04354372 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

BDH CENTRELESS LTD (REGISTERED NUMBER: 04354372)

BALANCE SHEET
30 JANUARY 2024

30.1.24 30.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,439 12,377

CURRENT ASSETS
Stocks 5 5,150 5,000
Debtors 6 260,923 158,467
Cash at bank and in hand 9,033 32,133
275,106 195,600
CREDITORS
Amounts falling due within one year 7 180,774 138,159
NET CURRENT ASSETS 94,332 57,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,771

69,818

CREDITORS
Amounts falling due after more than one
year

8

(55,666

)

(68,418

)

PROVISIONS FOR LIABILITIES 11 (2,610 ) (2,352 )
NET ASSETS/(LIABILITIES) 46,495 (952 )

CAPITAL AND RESERVES
Called up share capital 12 4 4
Retained earnings 46,491 (956 )
SHAREHOLDERS' FUNDS 46,495 (952 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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.

BDH CENTRELESS LTD (REGISTERED NUMBER: 04354372)

BALANCE SHEET - continued
30 JANUARY 2024


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 6 January 2025 and were signed on its behalf by:





S J Hyson - Director


BDH CENTRELESS LTD (REGISTERED NUMBER: 04354372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024


1. STATUTORY INFORMATION

BDH Centreless Ltd 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 represents amounts chargeable, net of value added tax, in respect of the sale of manufacturing supplies.

Revenue is recognised when goods are sold and the title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

- Plant and machinery - 15% reducing balance
- Motor vehicles - 3 years straight line
- Computer equipment - 3 years straight line

Stocks
Stock comprises of goods held for resale, which are valued at the lower of cost or net realisable value.

Cost is based on the cost of purchase including delivery charges.

Net realisable value is based on estimated selling prices.

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 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 (2023 - 4 ) .

BDH CENTRELESS LTD (REGISTERED NUMBER: 04354372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 January 2023
and 30 January 2024 50,524
DEPRECIATION
At 31 January 2023 38,147
Charge for year 1,938
At 30 January 2024 40,085
NET BOOK VALUE
At 30 January 2024 10,439
At 30 January 2023 12,377

5. STOCKS
30.1.24 30.1.23
£    £   
Stocks 5,150 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 30.1.23
£    £   
Trade debtors 53,151 56,154
Other debtors 79,220 42,529
Directors' loan accounts 125,532 56,464
Prepayments 3,020 3,320
260,923 158,467

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 30.1.23
£    £   
Bank loans and overdrafts (see note 9) 13,780 14,125
Trade creditors 18,086 33,913
Taxation and social security 145,023 87,764
Other creditors 3,885 2,357
180,774 138,159

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.1.24 30.1.23
£    £   
Bank loans (see note 9) 55,666 68,418

BDH CENTRELESS LTD (REGISTERED NUMBER: 04354372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024


9. LOANS

An analysis of the maturity of loans is given below:

30.1.24 30.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans due within one year 13,780 14,125

Amounts falling due between one and two years:
Bank loans due in 1-2 years 15,696 14,874

Amounts falling due between two and five years:
Bank loans due in 2-5 years 39,970 53,544

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.1.24 30.1.23
£    £   
Within one year 17,600 17,600
Between one and five years 55,733 70,400
In more than five years - 2,933
73,333 90,933

11. PROVISIONS FOR LIABILITIES
30.1.24 30.1.23
£    £   
Deferred tax 2,610 2,352

Deferred
tax
£   
Balance at 31 January 2023 2,352
Provided during year 258
Balance at 30 January 2024 2,610

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal value 30.01.24 30.01.23

1 Ordinary A £1.00 1 1
1 Ordinary B £1.00 1 1
1 Ordinary C £1.00 1 1
1 Ordinary D £1.00 1 1
4 4

BDH CENTRELESS LTD (REGISTERED NUMBER: 04354372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 January 2024 and 30 January 2023:

30.1.24 30.1.23
£    £   
Director
Balance outstanding at start of year - -
Amounts advanced 10,837 14,832
Amounts repaid - (14,832 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,837 -

Director
Balance outstanding at start of year 56,464 35,430
Amounts advanced 98,231 94,014
Amounts repaid (40,000 ) (72,980 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 114,695 56,464

Interest is charged on overdrawn loan balances at the rate of 2.25% per annum.

14. RELATED PARTY DISCLOSURES

At the year-end the company was owed £52,734 (2023 - £29,153) by a shareholder.