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REGISTERED NUMBER: 05637424 (England and Wales)















BBN INTERNATIONAL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






BBN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05637424)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BBN INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: B B Nimmo



SECRETARY: E C Nimmo



REGISTERED OFFICE: Clay House
Harnage
Cressage
Shropshire
SY5 6EF



REGISTERED NUMBER: 05637424 (England and Wales)



ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
BL9 0DN



BANKERS: Lloyds TSB plc
1 Pride Hill
Shrewsbury
Shropshire
SY1 1DG

BBN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05637424)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - 109

CURRENT ASSETS
Debtors 5 321,996 104,449
Cash at bank 134,615 114,796
456,611 219,245
CREDITORS
Amounts falling due within one year 6 (318,855 ) (163,447 )
NET CURRENT ASSETS 137,756 55,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,756

55,907

PROVISIONS FOR LIABILITIES (483 ) (483 )
NET ASSETS 137,273 55,424

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 137,173 55,324
SHAREHOLDERS' FUNDS 137,273 55,424

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 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.

BBN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05637424)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 director and authorised for issue on 15 January 2025 and were signed by:





B B Nimmo - Director


BBN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05637424)

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


1. STATUTORY INFORMATION

BBN International Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05637424. The registered office is Clay House, Harnage, Cressage, Shropshire, SY5 6EF.

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.

The director has considered the business risks and believe that the company is well placed to manage these risks successfully, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
The directors do not consider there to be any critical accounting estimates or judgements that would have a material impact on the accounts.

Revenue
Revenue comprises the aggregate of the fair value of the sale of goods provided, net of value-added tax, rebates and discounts. Sales of goods are recognised when the company has despatched the products to the customer and the collection of the related receivables is anticipated.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 33% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BBN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05637424)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost being the transaction price less any amounts settled.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 3,013 16,510 19,523
DEPRECIATION
At 1 April 2023 3,013 16,401 19,414
Charge for year - 109 109
At 31 March 2024 3,013 16,510 19,523
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - 109 109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,528 83,527
Director's current account 140,468 20,922
321,996 104,449

BBN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05637424)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 199,687 88,232
Corporation tax 53,596 27,903
VAT 45,771 23,446
Accrued expenses 19,801 23,866
318,855 163,447

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
B B Nimmo
Balance outstanding at start of year 20,922 36,059
Amounts advanced - 84,505
Amounts repaid - (99,642 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,922

The above amount is unsecured, interest free and repayable on demand. No individual advances were made which amounted to more than £10,000. The maximum overdrawn balance during the year was £120,564 (2022:£77,826).