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Registration number: 13476423

BCE & A Limited

trading as Dream Doors Chester

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

BCE & A Limited

trading as Dream Doors Chester

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

BCE & A Limited

trading as Dream Doors Chester

(Registration number: 13476423)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

9,240

14,784

Tangible assets

5

6,826

9,438

 

16,066

24,222

Current assets

 

Stocks

6

9,000

14,000

Debtors

7

14,000

8,268

Cash at bank and in hand

 

81,619

47,298

 

104,619

69,566

Creditors: Amounts falling due within one year

8

(124,836)

(128,745)

Net current liabilities

 

(20,217)

(59,179)

Total assets less current liabilities

 

(4,151)

(34,957)

Creditors: Amounts falling due after more than one year

8

(15,462)

(26,763)

Net liabilities

 

(19,613)

(61,720)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(19,615)

(61,722)

Shareholders' deficit

 

(19,613)

(61,720)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

BCE & A Limited

trading as Dream Doors Chester

(Registration number: 13476423)
Balance Sheet as at 30 June 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

.........................................
Mr Brand Wilhelm Dirk Lourens
Director

 

BCE & A Limited

trading as Dream Doors Chester

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Dream Doors
42 Pensby Road
Heswall
Wirral
CH60 7RE

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the shareholders that they will continue to give financial support to the company for twelve months from the date of signing these accounts.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above may not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

 

BCE & A Limited

trading as Dream Doors Chester

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

Fixtures & Fittings

25% Reducing Balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Franchise Fee

Over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

BCE & A Limited

trading as Dream Doors Chester

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

BCE & A Limited

trading as Dream Doors Chester

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 July 2023

23,100

23,100

At 30 June 2024

23,100

23,100

Amortisation

At 1 July 2023

8,316

8,316

Amortisation charge

5,544

5,544

At 30 June 2024

13,860

13,860

Carrying amount

At 30 June 2024

9,240

9,240

At 30 June 2023

14,784

14,784

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

16,358

16,358

At 30 June 2024

16,358

16,358

Depreciation

At 1 July 2023

6,920

6,920

Charge for the year

2,612

2,612

At 30 June 2024

9,532

9,532

Carrying amount

At 30 June 2024

6,826

6,826

At 30 June 2023

9,438

9,438

 

BCE & A Limited

trading as Dream Doors Chester

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Stocks

2024
£

2023
£

Work in progress

9,000

14,000

7

Debtors

Current

2024
£

2023
£

Trade debtors

6,050

1,968

Prepayments

7,950

6,300

 

14,000

8,268

 

BCE & A Limited

trading as Dream Doors Chester

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,799

10,297

Trade creditors

 

12,617

21,951

Taxation and social security

 

14,376

10,026

Accruals and deferred income

 

955

955

Other creditors

 

86,089

85,516

 

124,836

128,745

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

15,462

26,763

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

15,462

26,763

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,799

10,297