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
Bounceback Safety Surfaces Limited
Company Information
for the year ended 31 March 2024
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
Bounceback Safety Surfaces Limited
Statement of financial position
as at 31 March 2024
Tangible assets
88,320
104,245
Inventories
117,374
114,314
Cash at bank and in hand
16,610
26,221
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
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
Bounceback Safety Surfaces Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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.
Bounceback Safety Surfaces Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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
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
At 31 March 2024
1,998
85,912
410
88,320
At 31 March 2023
2,351
101,073
821
104,245
Amounts falling due within one year
Trade debtors
316,586
291,966
Accrued income and prepayments
6,804
9,393
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
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
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).