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REGISTERED NUMBER: 13478006 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BEST BIND CARPET BINDING LTD

BEST BIND CARPET BINDING LTD (REGISTERED NUMBER: 13478006)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEST BIND CARPET BINDING LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: C Smith
Mrs L J Smith





REGISTERED OFFICE: 90 High Street
Brownhills
Walsall
WS8 6EW





REGISTERED NUMBER: 13478006 (England and Wales)





ACCOUNTANTS: Rice & Co (Brownhills) Limited
Chartered Accountants
90 High Street
Brownhills
Walsall
West Midlands
WS8 6EW

BEST BIND CARPET BINDING LTD (REGISTERED NUMBER: 13478006)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,188 13,820

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 2,556 14,715
Cash at bank 24,133 34,719
27,689 50,434
CREDITORS
Amounts falling due within one year 6 23,998 22,856
NET CURRENT ASSETS 3,691 27,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,879

41,398

CREDITORS
Amounts falling due after more than one
year

7

(68

)

-

PROVISIONS FOR LIABILITIES (7,256 ) (3,511 )
NET ASSETS 34,555 37,887

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 34,553 37,885
SHAREHOLDERS' FUNDS 34,555 37,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BEST BIND CARPET BINDING LTD (REGISTERED NUMBER: 13478006)

BALANCE SHEET - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





C Smith - Director


BEST BIND CARPET BINDING LTD (REGISTERED NUMBER: 13478006)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Best Bind Carpet Binding Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Turnover is recognised when goods have been delivered to customers, or services completed, such that risks & 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BEST BIND CARPET BINDING LTD (REGISTERED NUMBER: 13478006)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 8,195 2,770 11,021 1,158 23,144
Additions 6,273 2,466 25,924 601 35,264
At 30 June 2024 14,468 5,236 36,945 1,759 58,408
DEPRECIATION
At 1 July 2023 3,109 834 4,917 464 9,324
Charge for year 1,466 1,099 8,007 324 10,896
At 30 June 2024 4,575 1,933 12,924 788 20,220
NET BOOK VALUE
At 30 June 2024 9,893 3,303 24,021 971 38,188
At 30 June 2023 5,086 1,936 6,104 694 13,820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,556 14,715

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,210 1,436
Taxation and social security 9,697 18,684
Other creditors 6,091 2,736
23,998 22,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Taxation and social security 68 -