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REGISTERED NUMBER: 10199163 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

BINI TRADERS LIMITED

BINI TRADERS LIMITED (REGISTERED NUMBER: 10199163)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BINI TRADERS LIMITED

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mrs B Shah





REGISTERED OFFICE: 41 St. Thomas's Road
Chorley
PR7 1JE





REGISTERED NUMBER: 10199163 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

BINI TRADERS LIMITED (REGISTERED NUMBER: 10199163)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Stocks 16,009 -
Debtors 5 5,511 21,703
Cash at bank 610 3,588
22,130 25,291
CREDITORS
Amounts falling due within one year 6 25,541 15,987
NET CURRENT (LIABILITIES)/ASSETS (3,411 ) 9,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,411

)

9,304

CREDITORS
Amounts falling due after more than one
year

7

16,727

19,816
NET LIABILITIES (20,138 ) (10,512 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,238 ) (10,612 )
SHAREHOLDERS' FUNDS (20,138 ) (10,512 )

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

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

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th February 2025 and were signed by:



Mrs B Shah - Director


BINI TRADERS LIMITED (REGISTERED NUMBER: 10199163)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

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

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.3% on cost

Impairment of Assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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 has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BINI TRADERS LIMITED (REGISTERED NUMBER: 10199163)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st June 2023
and 31st May 2024 957
DEPRECIATION
At 1st June 2023
and 31st May 2024 957
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 278 -
Other debtors 5,233 5,675
Directors' current accounts - 16,028
5,511 21,703

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 8) 3,088 3,088
Trade creditors 5,118 3,423
Tax 631 6,876
Social security and other taxes - 597
VAT 235 392
Other creditors 700 700
Directors' current accounts 14,877 -
Accrued expenses 892 911
25,541 15,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 8) 16,727 19,816

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,374 7,463

BINI TRADERS LIMITED (REGISTERED NUMBER: 10199163)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. LOANS

The loan has been provided under the UK governments bounce back loan scheme.

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £14,877 to its director (2023 company was owed £16,028). This loan is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs B Shah.