IRIS Accounts Production v24.3.2.46 01228770 Board of Directors 1.7.23 30.6.24 30.6.24 25.3.25 false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012287702023-06-30012287702024-06-30012287702023-07-012024-06-30012287702022-06-30012287702022-07-012023-06-30012287702023-06-3001228770ns15:EnglandWales2023-07-012024-06-3001228770ns14:PoundSterling2023-07-012024-06-3001228770ns10:Director12023-07-012024-06-3001228770ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001228770ns10:SmallEntities2023-07-012024-06-3001228770ns10:Audited2023-07-012024-06-3001228770ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3001228770ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001228770ns10:FullAccounts2023-07-012024-06-300122877012023-07-012024-06-3001228770ns10:OrdinaryShareClass12023-07-012024-06-3001228770ns10:Director22023-07-012024-06-3001228770ns10:Director32023-07-012024-06-3001228770ns10:Director42023-07-012024-06-3001228770ns10:CompanySecretary12023-07-012024-06-3001228770ns10:RegisteredOffice2023-07-012024-06-3001228770ns5:CurrentFinancialInstruments2024-06-3001228770ns5:CurrentFinancialInstruments2023-06-3001228770ns5:Non-currentFinancialInstruments2024-06-3001228770ns5:Non-currentFinancialInstruments2023-06-3001228770ns5:ShareCapital2024-06-3001228770ns5:ShareCapital2023-06-3001228770ns5:RetainedEarningsAccumulatedLosses2024-06-3001228770ns5:RetainedEarningsAccumulatedLosses2023-06-3001228770ns5:PatentsTrademarksLicencesConcessionsSimilar2023-07-012024-06-3001228770ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-012024-06-3001228770ns5:PlantMachinery2023-07-012024-06-3001228770ns5:MotorVehicles2023-07-012024-06-3001228770ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-3001228770ns5:PatentsTrademarksLicencesConcessionsSimilar2024-06-3001228770ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-3001228770ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3001228770ns5:PlantMachinery2023-06-3001228770ns5:MotorVehicles2023-06-3001228770ns5:LandBuildingsns5:ShortLeaseholdAssets2024-06-3001228770ns5:PlantMachinery2024-06-3001228770ns5:MotorVehicles2024-06-3001228770ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3001228770ns5:PlantMachinery2023-06-3001228770ns5:MotorVehicles2023-06-3001228770ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3001228770ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3001228770ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3001228770ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3001228770ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3001228770ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3001228770ns5:HirePurchaseContracts2024-06-3001228770ns5:HirePurchaseContracts2023-06-3001228770ns5:WithinOneYear2024-06-3001228770ns5:WithinOneYear2023-06-3001228770ns5:BetweenOneFiveYears2024-06-3001228770ns5:BetweenOneFiveYears2023-06-3001228770ns5:MoreThanFiveYears2024-06-3001228770ns5:MoreThanFiveYears2023-06-3001228770ns5:AllPeriods2024-06-3001228770ns5:AllPeriods2023-06-3001228770ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 01228770 (England and Wales)















B.C.E.(DISTRIBUTORS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






B.C.E.(DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01228770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B.C.E.(DISTRIBUTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr S J Lacey
Mrs E C Lacey
Miss I R Lacey
Miss C J Lacey





SECRETARY: Mr B J Addison





REGISTERED OFFICE: Unit 12B Severn Bridge Industrial Estate
Symondscliffe Way
Caldicot
Monmouthshire
NP26 5PW





REGISTERED NUMBER: 01228770 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

B.C.E.(DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01228770)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 472
Tangible assets 5 131,136 84,313
131,136 84,785

CURRENT ASSETS
Stocks 451,109 449,886
Debtors 6 2,196,249 1,963,717
Cash at bank 498,719 552,112
3,146,077 2,965,715
CREDITORS
Amounts falling due within one year 7 1,296,741 1,047,738
NET CURRENT ASSETS 1,849,336 1,917,977
TOTAL ASSETS LESS CURRENT LIABILITIES 1,980,472 2,002,762

CREDITORS
Amounts falling due after more than one year 8 (339,117 ) (560,232 )

PROVISIONS FOR LIABILITIES (29,363 ) -
NET ASSETS 1,611,992 1,442,530

CAPITAL AND RESERVES
Called up share capital 10 2,202,065 2,202,065
Retained earnings (590,073 ) (759,535 )
SHAREHOLDERS' FUNDS 1,611,992 1,442,530

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Mr S J Lacey - Director


B.C.E.(DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01228770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

B.C.E.(Distributors) 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.

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.

The financial statements have been prepared on a going concern basis.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

There is estimation uncertainty in calculating stock provisions. A full line by line review of stock is carried out at the Year End. Whilst every attempt is made to ensure that the value of stock is as accurate as possible, there remains a risk that the provisions do not match the level of stock which ultimately prove to be obsolete.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trade marks and licenses are being amortised at rates from 10% to 33% on cost.

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.
Short leasehold - 10% on cost
Plant and machinery - 33% on cost and 10% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

B.C.E.(DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01228770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 23 (2023 - 20 ) .

B.C.E.(DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01228770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 July 2023
and 30 June 2024 112,845
AMORTISATION
At 1 July 2023 112,373
Amortisation for year 472
At 30 June 2024 112,845
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 472

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 July 2023 100,754 523,906 58,495 683,155
Additions - 85,089 - 85,089
At 30 June 2024 100,754 608,995 58,495 768,244
DEPRECIATION
At 1 July 2023 71,238 486,785 40,818 598,841
Charge for year 6,108 22,057 10,102 38,267
At 30 June 2024 77,346 508,842 50,920 637,108
NET BOOK VALUE
At 30 June 2024 23,408 100,153 7,575 131,136
At 30 June 2023 29,516 37,121 17,677 84,314

The net book value of tangible fixed assets includes £ 105,522 (2023 - £ 51,087 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 204,939 164,929
Other debtors 1,991,310 1,798,788
2,196,249 1,963,717

B.C.E.(DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01228770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 48,022 17,010
Trade creditors 221,113 134,972
Taxation and social security 216,059 251,157
Other creditors 811,547 644,599
1,296,741 1,047,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 15,129 35,452
Other creditors 323,988 524,780
339,117 560,232

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 48,022 17,010
Between one and five years 15,129 35,452
63,151 52,462

Non-cancellable operating leases
2024 2023
£    £   
Within one year 64,800 64,800
Between one and five years 259,200 259,200
In more than five years 48,600 113,400
372,600 437,400

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,202,065 Ordinary £1 2,202,065 2,202,065

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hassan Behcet (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

B.C.E.(DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01228770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. RELATED PARTY DISCLOSURES

At the balance sheet date loans from the directors amounting to £112,000 (2023: £112,000) and £112,000 (2023: £224,000) are included within other creditors falling due within year and other creditors falling due after more than one year respectively. Interest on the loan is charged at 4% per annum and amounts to £12,360 for the year.

13. FOREIGN CURRENCY FORWARD CONTRACT

B.C.E (Distributors) Limited entered foreign currency forward contracts during the year-ended 30 June 2024, to purchase $500,000 at an agreed forward rate of £/$1.2483 to be executed post year-end.

The company uses forward contracts to manage its exposure to fluctuations in foreign exchange rates.

The forward contracts are legal agreements between B.C.E (Distributors) and Barclays. B.C.E (Distributors) are obligated to purchase the agreed notional USD amounts at the agreed forward rate on the future settlement date.