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Company Registration No. 05705231 (England and Wales)
Bounceback Safety Surfaces Limited Unaudited accounts for the year ended 31 March 2024
Bounceback Safety Surfaces Limited Unaudited accounts Contents
Page
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Bounceback Safety Surfaces Limited Company Information for the year ended 31 March 2024
Director
Gavin Hodkinson
Secretary
Galen Hayes
Company Number
05705231 (England and Wales)
Registered Office
Old Birchenlee House Birchenlee Lane Colne Lancashire BB8 8HL England
Accountants
Tim Dean T/A TFD Accountancy Coed y Glyn Uchaf Glyn Ceiriog Llangollen Wrexham LL20 7NP
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Bounceback Safety Surfaces Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
88,320 
104,245 
Current assets
Inventories
117,374 
114,314 
Debtors
349,514 
320,021 
Cash at bank and in hand
16,610 
26,221 
483,498 
460,556 
Creditors: amounts falling due within one year
(404,309)
(300,993)
Net current assets
79,189 
159,563 
Total assets less current liabilities
167,509 
263,808 
Creditors: amounts falling due after more than one year
(173,652)
(239,140)
Provisions for liabilities
Deferred tax
(18,547)
(23,019)
Net (liabilities)/assets
(24,690)
1,649 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(24,692)
1,647 
Shareholders' funds
(24,690)
1,649 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Gavin Hodkinson Director Company Registration No. 05705231
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Bounceback Safety Surfaces Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Bounceback Safety Surfaces Limited is a private company, limited by shares, registered in England and Wales, registration number 05705231. The registered office is Old Birchenlee House, Birchenlee Lane, Colne, Lancashire, BB8 8HL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Computer equipment
50% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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 accounts. 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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Bounceback Safety Surfaces Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
15,577 
151,903 
11,943 
179,423 
At 31 March 2024
15,577 
151,903 
11,943 
179,423 
Depreciation
At 1 April 2023
13,226 
50,830 
11,122 
75,178 
Charge for the year
353 
15,161 
411 
15,925 
At 31 March 2024
13,579 
65,991 
11,533 
91,103 
Net book value
At 31 March 2024
1,998 
85,912 
410 
88,320 
At 31 March 2023
2,351 
101,073 
821 
104,245 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
16,137 
8,785 
Trade debtors
316,586 
291,966 
Accrued income and prepayments
6,804 
9,393 
Other debtors
9,987 
9,877 
349,514 
320,021 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
47,566 
43,078 
Obligations under finance leases and hire purchase contracts
17,923 
18,326 
Trade creditors
284,239 
205,516 
Taxes and social security
35,802 
14,951 
Other creditors
16,029 
8,712 
Accruals
2,750 
10,410 
404,309 
300,993 
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Bounceback Safety Surfaces Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
150,843 
198,408 
Obligations under finance leases and hire purchase contracts
22,809 
40,732 
173,652 
239,140 
8
Transactions with related parties
Included in other creditors is a director's loan of £363 (2023: £75)
9
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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