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Registered number: 05798314

Best Resources Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Best Resources Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
S W O'Connor
REGISTERED OFFICE
Summers, Howe Street
Great Waltham
Chelmsford
Essex
CM3 1BQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05798314
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Best Resources Limited

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Best Resources Limited

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets355,1658,798
CURRENT ASSETS
Stock429,561425,935
Cash at bank and in hand451,989532,009
881,550957,944
CREDITORS: Amounts falling due within one year561,860114,331
NET CURRENT ASSETS819,690843,613
TOTAL ASSETS LESS CURRENT LIABILITIES874,855852,411
PROVISIONS FOR LIABILITIES AND CHARGES65,0002,100
NET ASSETS869,855850,311
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account869,854850,310
SHAREHOLDERS' FUNDS869,855850,311
For the year ending 30/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/01/2025 and signed on their behalf by
.............................
S W O'Connor
Director

Best Resources Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees--

Best Resources Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/05/202319,18842,11061,298
Additions-64,75964,759
At 30/04/202419,188106,869126,057
Depreciation
At 01/05/202317,99934,50152,500
For the year30018,09218,392
At 30/04/202418,29952,59370,892
Net Book Amounts
At 30/04/202488954,27655,165
At 30/04/20231,1897,6098,798
4. STOCK 20242023
££
Stock comprises:
Stock429,561425,935
429,561425,935
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax9,48927,837
VAT32,08939,622
Directors current account17,45844,148
Other creditors974974
Accruals1,8501,750
61,860114,331
6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation5,0002,100
5,0002,100

Best Resources Limited

7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
8. CONTROLLING PARTY
The company is controlled by its director, S O'Connor.
9. RELATED PARTY TRANSACTIONS
At the year end date the company owed its director £17,458 (2023: £44,148), this liability is included in creditors, is repayable on demand and attracts no interest.