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REGISTERED NUMBER: 07710751 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

BATTERY SERVICE HUB LIMITED

BATTERY SERVICE HUB LIMITED (REGISTERED NUMBER: 07710751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATTERY SERVICE HUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: AG Riddle
D Wallace
T P Coyne





REGISTERED OFFICE: Pegasus House
Riverside End
Market Harborough
Leicestershire
LE16 7PU





REGISTERED NUMBER: 07710751 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

BATTERY SERVICE HUB LIMITED (REGISTERED NUMBER: 07710751)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,228 116,612

CURRENT ASSETS
Stocks 1,237,074 1,410,831
Debtors 5 1,603,174 1,595,547
Cash at bank and in hand 34,068 24,132
2,874,316 3,030,510
CREDITORS
Amounts falling due within one year 6 1,663,187 1,829,023
NET CURRENT ASSETS 1,211,129 1,201,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,339,357

1,318,099

CREDITORS
Amounts falling due after more than one
year

7

(96,643

)

(90,666

)

PROVISIONS FOR LIABILITIES (14,441 ) (15,944 )
NET ASSETS 1,228,273 1,211,489

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,228,073 1,211,289
SHAREHOLDERS' FUNDS 1,228,273 1,211,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BATTERY SERVICE HUB LIMITED (REGISTERED NUMBER: 07710751)

BALANCE SHEET - continued
31ST JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2024 and were signed on its behalf by:





D Wallace - Director


BATTERY SERVICE HUB LIMITED (REGISTERED NUMBER: 07710751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

Battery Service Hub Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with it's parent company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BATTERY SERVICE HUB LIMITED (REGISTERED NUMBER: 07710751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st August 2023 23,810 48,729 135,197 207,736
Additions 1,478 781 48,450 50,709
At 31st July 2024 25,288 49,510 183,647 258,445
DEPRECIATION
At 1st August 2023 13,641 24,620 52,863 91,124
Charge for year 1,575 10,578 26,940 39,093
At 31st July 2024 15,216 35,198 79,803 130,217
NET BOOK VALUE
At 31st July 2024 10,072 14,312 103,844 128,228
At 31st July 2023 10,169 24,109 82,334 116,612

BATTERY SERVICE HUB LIMITED (REGISTERED NUMBER: 07710751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st August 2023 118,975
Additions 48,450
At 31st July 2024 167,425
DEPRECIATION
At 1st August 2023 39,349
Charge for year 18,259
At 31st July 2024 57,608
NET BOOK VALUE
At 31st July 2024 109,817
At 31st July 2023 79,626

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,599,165 1,274,339
Amounts owed by group undertakings - 278,759
Other debtors 4,009 42,449
1,603,174 1,595,547

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,314 10,034
Hire purchase contracts 25,533 18,557
Invoice discounting (5,690 ) 573,394
Trade creditors 924,203 866,641
Amounts owed to group undertakings 95,397 -
Taxation and social security 586,082 337,147
Other creditors 27,348 23,250
1,663,187 1,829,023

BATTERY SERVICE HUB LIMITED (REGISTERED NUMBER: 07710751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,654 18,938
Hire purchase contracts 87,989 71,728
96,643 90,666

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.