Registered number: 05371036 | ||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | ||||||||
Prepared By: | ||||||||
K P Tanner Partnership | ||||||||
Accountants | ||||||||
The Offices | ||||||||
Grange Cottage | ||||||||
Nantyderry | ||||||||
Monmouthshire | ||||||||
NP7 9DF |
BADGER CLOTHING COMPANY LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
East Sussex | ||||||||
COMPANY DETAILS | ||||||||
registered in , registered number 05371036 | ||||||||
ACCOUNTANTS | ||||||||
K P Tanner Partnership | ||||||||
Accountants | ||||||||
The Offices | ||||||||
Grange Cottage | ||||||||
Nantyderry | ||||||||
Monmouthshire | ||||||||
NP7 9DF |
BADGER CLOTHING COMPANY LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 APRIL 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
BADGER CLOTHING COMPANY LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
222,432 | 277,418 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 52,352 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 67,751 | 117,257 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | (53,322) | (32,512) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
BADGER CLOTHING COMPANY LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 APRIL 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 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 15% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 15% |
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. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1f. Goodwill | ||||||||
BADGER CLOTHING COMPANY LIMITED | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 May 2023 | 360,000 | 360,000 | ||
At 30 April 2024 | 360,000 | 360,000 | ||
Depreciation | ||||
At 1 May 2023 | 360,000 | 360,000 | ||
At 30 April 2024 | 360,000 | 360,000 | ||
Net Book Amounts | ||||
At 30 April 2024 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Fixtures | |||||||
Machinery | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 May 2023 | 6,540 | 105,405 | 31,936 | 143,881 | ||||
Additions | 1,833 | - | - | 1,833 | ||||
At 30 April 2024 | 8,373 | 105,405 | 31,936 | 145,714 | ||||
Depreciation | ||||||||
At 1 May 2023 | 5,025 | 82,051 | 15,821 | 102,897 | ||||
For the year | 227 | 3,503 | 2,417 | 6,147 | ||||
At 30 April 2024 | 5,252 | 85,554 | 18,238 | 109,044 | ||||
Net Book Amounts | ||||||||
At 30 April 2024 | 36,670 | |||||||
At 30 April 2023 | 40,984 | |||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Salaries and wages control | - | 291 | ||||||
Other debtors | 580 | 2,762 | ||||||
Directors current account | - | 8,571 | ||||||
580 | 11,624 | |||||||
BADGER CLOTHING COMPANY LIMITED | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 45,889 | 30,668 | ||||||
VAT | 31,427 | 25,768 | ||||||
PAYE | 4,178 | 3,390 | ||||||
Directors current account | 4,329 | - | ||||||
Bank overdrafts | 10,497 | 12,808 | ||||||
Trade creditors | 139,469 | 148,426 | ||||||
Accruals | - | 4,006 | ||||||
235,789 | 225,066 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans | 67,751 | 117,257 | ||||||
67,751 | 117,257 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | - | |||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Pensions | 402 | 111 | ||||||
Deferred taxation | 8,382 | 8,382 | ||||||
8,784 | 8,493 | |||||||
BADGER CLOTHING COMPANY LIMITED | ||||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||