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Company No: 02612817 (England and Wales)

BISHOPS OFFICE PRODUCTS LIMITED

Abridged Unaudited Financial Statements
For the financial year ended 30 September 2024

BISHOPS OFFICE PRODUCTS LIMITED

Abridged Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

BISHOPS OFFICE PRODUCTS LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
BISHOPS OFFICE PRODUCTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS Rachael Jean Bishop
Simon Christopher Bishop
SECRETARY Rachael Jean Bishop
REGISTERED OFFICE Stillyans Farm
Maynards Green
Heathfield
TN21 0BU
United Kingdom
COMPANY NUMBER 02612817 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
BISHOPS OFFICE PRODUCTS LIMITED

BALANCE SHEET

As at 30 September 2024
BISHOPS OFFICE PRODUCTS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 30.09.2024 30.09.2023
£ £
Fixed assets
Tangible assets 3 3,613 20,040
3,613 20,040
Current assets
Debtors 166,975 258,355
Cash at bank and in hand 47,904 90,911
214,879 349,266
Creditors: amounts falling due within one year ( 1,193) ( 78,250)
Net current assets 213,686 271,016
Total assets less current liabilities 217,299 291,056
Net assets 217,299 291,056
Capital and reserves
Called-up share capital 100 100
Profit and loss account 217,199 290,956
Total shareholders' funds 217,299 291,056

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bishops Office Products Limited (registered number: 02612817) were approved and authorised for issue by the Board of Directors on 06 January 2025. They were signed on its behalf by:

Simon Christopher Bishop
Director
BISHOPS OFFICE PRODUCTS LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
BISHOPS OFFICE PRODUCTS LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bishops Office Products Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Stillyans Farm, Maynards Green, Heathfield, TN21 0BU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined benefit schemes
For defined benefit schemes the amounts charged to operating profit are the costs arising from employee services rendered during the period and the cost of plan introductions, benefit changes, settlements and curtailments. They are included as part of staff costs. The net interest cost on the net defined benefit liability is charged to the Statement of Income and Retained Earnings and included within finance costs. Remeasurement comprising actuarial gains and losses and the return on scheme assets (excluding amounts included in net interest on the net defined benefit liability) are recognised immediately in the Statement of Comprehensive Income.

Defined benefit schemes are funded, with the assets of the scheme held separately from those of the Company, in separate trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit credit method. Actuarial valuations are obtained at least triennially and are updated at each Balance Sheet date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

30.09.2024 30.09.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 5

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 51,016 51,016
Disposals ( 24,450) ( 24,450)
At 30 September 2024 26,566 26,566
Accumulated depreciation
At 01 October 2023 30,976 30,976
Charge for the financial year 3,373 3,373
Disposals ( 11,397) ( 11,397)
Rounding 1 1
At 30 September 2024 22,953 22,953
Net book value
At 30 September 2024 3,613 3,613
At 30 September 2023 20,040 20,040