70 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 44,059 44,059 44,059 xbrli:pure xbrli:shares iso4217:GBP 05427603 2023-04-01 2024-03-31 05427603 2024-03-31 05427603 2023-03-31 05427603 2022-04-01 2023-03-31 05427603 2023-03-31 05427603 2022-03-31 05427603 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 05427603 core:PlantMachinery 2023-04-01 2024-03-31 05427603 core:FurnitureFittings 2023-04-01 2024-03-31 05427603 bus:Director1 2023-04-01 2024-03-31 05427603 core:LandBuildings 2023-03-31 05427603 core:PlantMachinery 2023-03-31 05427603 core:FurnitureFittings 2023-03-31 05427603 core:LandBuildings 2024-03-31 05427603 core:PlantMachinery 2024-03-31 05427603 core:FurnitureFittings 2024-03-31 05427603 core:LandBuildings 2023-04-01 2024-03-31 05427603 core:WithinOneYear 2024-03-31 05427603 core:WithinOneYear 2023-03-31 05427603 core:AfterOneYear 2024-03-31 05427603 core:AfterOneYear 2023-03-31 05427603 core:ShareCapital 2024-03-31 05427603 core:ShareCapital 2023-03-31 05427603 core:RetainedEarningsAccumulatedLosses 2024-03-31 05427603 core:RetainedEarningsAccumulatedLosses 2023-03-31 05427603 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 05427603 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 05427603 core:LandBuildings 2023-03-31 05427603 core:PlantMachinery 2023-03-31 05427603 core:FurnitureFittings 2023-03-31 05427603 bus:SmallEntities 2023-04-01 2024-03-31 05427603 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05427603 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05427603 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05427603 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 05427603
B18 Limited
Filleted Unaudited Financial Statements
31 March 2024
B18 Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
44,059
44,059
Tangible assets
6
192,343
274,229
---------
---------
236,402
318,288
Current assets
Stocks
34,452
34,093
Debtors
7
366,450
245,831
Cash at bank and in hand
33,745
55,815
---------
---------
434,647
335,739
Creditors: amounts falling due within one year
8
1,171,255
1,003,478
------------
------------
Net current liabilities
736,608
667,739
---------
---------
Total assets less current liabilities
( 500,206)
( 349,451)
Creditors: amounts falling due after more than one year
9
28,240
100,195
Provisions
Taxation including deferred tax
( 7,855)
2,379
---------
---------
Net liabilities
( 520,591)
( 452,025)
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 521,591)
( 453,025)
---------
---------
Shareholders deficit
( 520,591)
( 452,025)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
B18 Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mr M C Oglesby
Director
Company registration number: 05427603
B18 Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Greengate, Cardale Park, Harrogate, North Yorkshire, HG3 1GY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on a going concern basis, due to the continuing support of the director.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the provision of goods and services to customers outside the company net of returns and sales allowances (and VAT). Revenue from goods and services is recognised at the point the company fulfils its commercial obligations to the customer, the revenue and costs in respect of the transaction can be measured reliably and collectability is reasonably assured.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property
-
10% straight line
Plant & Machinery
-
20% reducing balance
Fixtures & Fittings
-
15% reducing balance
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 70 (2023: 70 ).
5. Intangible assets
Development costs
£
Cost
At 1 April 2023 and 31 March 2024
44,059
--------
Amortisation
At 1 April 2023 and 31 March 2024
--------
Carrying amount
At 31 March 2024
44,059
--------
At 31 March 2023
44,059
--------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
904,046
101,936
208,649
63,494
1,278,125
Additions
1,500
518
2,018
---------
---------
---------
--------
------------
At 31 March 2024
904,046
103,436
208,649
64,012
1,280,143
---------
---------
---------
--------
------------
Depreciation
At 1 April 2023
723,189
82,033
136,580
62,094
1,003,896
Charge for the year
65,282
7,049
10,810
763
83,904
---------
---------
---------
--------
------------
At 31 March 2024
788,471
89,082
147,390
62,857
1,087,800
---------
---------
---------
--------
------------
Carrying amount
At 31 March 2024
115,575
14,354
61,259
1,155
192,343
---------
---------
---------
--------
------------
At 31 March 2023
180,857
19,903
72,069
1,400
274,229
---------
---------
---------
--------
------------
7. Debtors
2024
2023
£
£
Trade debtors
11,243
6,833
Amounts owed by group undertakings and undertakings in which the company has a participating interest
357,402
238,255
Other debtors
( 2,195)
743
---------
---------
366,450
245,831
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
19,589
38,253
Trade creditors
88,063
131,628
Social security and other taxes
185,006
261,419
Other creditors
878,597
572,178
------------
------------
1,171,255
1,003,478
------------
------------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
28,240
100,195
--------
---------
10. Directors' advances, credits and guarantees
The directors loan account remained in credit throughout the current year. There were no guarantees in the year.
11. Related party transactions
The company was under the control of its directors, throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102 section 1A.