BBN Limited 07080782 false 2024-04-01 2024-08-31 2024-08-31 The principal activity of the company is Pre-primary education Digita Accounts Production Advanced 6.30.9574.0 true true 07080782 2024-04-01 2024-08-31 07080782 2024-08-31 07080782 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-08-31 07080782 core:CurrentFinancialInstruments 2024-08-31 07080782 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07080782 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07080782 core:FurnitureFittings 2024-08-31 07080782 core:LandBuildings core:LongLeaseholdAssets 2024-08-31 07080782 core:MotorVehicles 2024-08-31 07080782 core:OfficeEquipment 2024-08-31 07080782 core:PlantMachinery 2024-08-31 07080782 bus:SmallEntities 2024-04-01 2024-08-31 07080782 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-08-31 07080782 bus:FilletedAccounts 2024-04-01 2024-08-31 07080782 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-08-31 07080782 bus:RegisteredOffice 2024-04-01 2024-08-31 07080782 bus:Director1 2024-04-01 2024-08-31 07080782 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-08-31 07080782 core:Goodwill 2024-04-01 2024-08-31 07080782 core:FurnitureFittings 2024-04-01 2024-08-31 07080782 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2024-08-31 07080782 core:LeaseholdImprovements 2024-04-01 2024-08-31 07080782 core:MotorVehicles 2024-04-01 2024-08-31 07080782 core:OfficeEquipment 2024-04-01 2024-08-31 07080782 core:PlantMachinery 2024-04-01 2024-08-31 07080782 countries:England 2024-04-01 2024-08-31 07080782 2024-03-31 07080782 core:FurnitureFittings 2024-03-31 07080782 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 07080782 core:MotorVehicles 2024-03-31 07080782 core:OfficeEquipment 2024-03-31 07080782 core:PlantMachinery 2024-03-31 07080782 2023-04-01 2024-03-31 07080782 2024-03-31 07080782 core:CurrentFinancialInstruments 2024-03-31 07080782 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07080782 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07080782 core:FurnitureFittings 2024-03-31 07080782 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 07080782 core:MotorVehicles 2024-03-31 07080782 core:OfficeEquipment 2024-03-31 07080782 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 07080782

BBN Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 1 April 2024 to 31 August 2024

 

BBN Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

BBN Limited

Company Information

Director

Mr Robert Gordon Bennett

Registered office

C/o Manor House Nursery 145 Southmead Road
Westbury-On-Trym
Bristol
BS10 5DW

Accountants

Onyx Accountants Limited
Chartered Management Accountants
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

BBN Limited

(Registration number: 07080782)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2024
£

Fixed assets

 

Intangible assets

4

5,250

9,000

Tangible assets

5

621,564

621,594

Other financial assets

6

287,465

287,465

 

914,279

918,059

Current assets

 

Debtors

7

353,231

247,829

Cash at bank and in hand

 

229,300

70,178

 

582,531

318,007

Prepayments and accrued income

 

50,507

29,820

Creditors: Amounts falling due within one year

(362,340)

(265,962)

Net current assets

 

270,698

81,865

Total assets less current liabilities

 

1,184,977

999,924

Creditors: Amounts falling due after more than one year

(720,238)

(695,377)

Provisions for liabilities

(133,075)

(131,924)

Accruals and deferred income

 

(30,000)

-

Net assets

 

301,664

172,623

Capital and reserves

 

Called up share capital

1

1

Retained earnings

301,663

172,622

Shareholders' funds

 

301,664

172,623

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

BBN Limited

(Registration number: 07080782)
Abridged Balance Sheet as at 31 August 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 October 2024
 

.........................................
Mr Robert Gordon Bennett
Director

 

BBN Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o Manor House Nursery 145 Southmead Road
Westbury-On-Trym
Bristol
BS10 5DW
England

These financial statements were authorised for issue by the director on 25 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

BBN Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 31 August 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Fixtures and fittings

15% on reducing balance

Computer equipment

25% on reducing balance

Refurbishment costs

10% on reducing balance

Motor vehicles

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

BBN Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 31 August 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

BBN Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 74 (2024 - 75).

 

BBN Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 31 August 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2024

226,150

At 31 August 2024

226,150

Amortisation

At 1 April 2024

217,150

Amortisation charge

3,750

At 31 August 2024

220,900

Carrying amount

At 31 August 2024

5,250

At 31 March 2024

9,000

5

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 April 2024

893,640

206,187

134,187

43,730

Additions

31,864

1,087

1,385

1,794

At 31 August 2024

925,504

207,274

135,572

45,524

Depreciation

At 1 April 2024

436,594

164,127

118,936

33,048

Charge for the period

20,372

2,697

1,733

1,300

At 31 August 2024

456,966

166,824

120,669

34,348

Carrying amount

At 31 August 2024

468,538

40,450

14,903

11,176

At 31 March 2024

457,046

42,060

15,251

10,682

 

BBN Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2024 to 31 August 2024

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

259,262

1,537,006

Additions

-

36,130

At 31 August 2024

259,262

1,573,136

Depreciation

At 1 April 2024

162,707

915,412

Charge for the period

10,058

36,160

At 31 August 2024

172,765

951,572

Carrying amount

At 31 August 2024

86,497

621,564

At 31 March 2024

96,555

621,594

Included within the net book value of land and buildings above is £468,538 (2024 - £457,046) in respect of long leasehold land and buildings.
 

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2024

287,465

287,465

At 31 August 2024

287,465

287,465

Impairment

Carrying amount

At 31 August 2024

287,465

287,465

7

Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.