REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JANUARY 2024 |
FOR |
BDH CENTRELESS LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
- 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 |
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 |
DEPRECIATION |
At 31 January 2023 |
Charge for year |
At 30 January 2024 |
NET BOOK VALUE |
At 30 January 2024 |
At 30 January 2023 |
5. | STOCKS |
30.1.24 | 30.1.23 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.1.24 | 30.1.23 |
£ | £ |
Trade debtors |
Other debtors |
Directors' loan accounts | 125,532 | 56,464 |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.1.24 | 30.1.23 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.1.24 | 30.1.23 |
£ | £ |
Bank loans (see note 9) |
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 |
Amounts falling due between one and two years: |
Bank loans due in 1-2 years |
Amounts falling due between two and five years: |
Bank loans due in 2-5 years |
10. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.1.24 | 30.1.23 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
11. | PROVISIONS FOR LIABILITIES |
30.1.24 | 30.1.23 |
£ | £ |
Deferred tax | 2,610 | 2,352 |
Deferred |
tax |
£ |
Balance at 31 January 2023 |
Provided during year |
Balance at 30 January 2024 |
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. |