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Registration number: 08743168

Biddiscombes Floors and Interiors Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Biddiscombes Floors and Interiors Limited

Contents

Director's Report

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Biddiscombes Floors and Interiors Limited

Director's Report
Year Ended 31 October 2024

The director presents his report and the financial statements for the year ended 31 October 2024.

Director of the company

The director who held office during the year was as follows:

Mr J Baker

Principal activity

The principal activity of the company is the sale of carpets and flooring materials.

Small companies provision statement

This report has 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.

Approved by the Board on 30 March 2025 and signed on its behalf by:

.........................................
Mr J Baker
Director

 

Biddiscombes Floors and Interiors Limited

(Registration number: 08743168)
Balance Sheet
31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

5,237

4,984

Current assets

 

Stocks

100

100

Debtors

6

1,059

2,507

Cash at bank and in hand

 

1,412

1,086

 

2,571

3,693

Creditors: Amounts falling due within one year

7

(36,138)

(27,816)

Net current liabilities

 

(33,567)

(24,123)

Total assets less current liabilities

 

(28,330)

(19,139)

Creditors: Amounts falling due after more than one year

7

(2,810)

(7,352)

Net liabilities

 

(31,140)

(26,491)

Capital and reserves

 

Called up share capital

20

20

Retained earnings

(31,160)

(26,511)

Shareholders' deficit

 

(31,140)

(26,491)

 

Biddiscombes Floors and Interiors Limited

(Registration number: 08743168)
Balance Sheet
31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 March 2025
 

.........................................
Mr J Baker
Director

 

Biddiscombes Floors and Interiors Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31 Woodborough Road
Winscombe
North Somerset
BS23 3YS

These financial statements were authorised for issue by the director on 30 March 2025.

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

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

The net liabilities at the balance sheet date amounted to £31,140 (2023 £26,491). The director believe's the company will continue to trade in it's current format. The company has the full support of the director and the bank.

 

Biddiscombes Floors and Interiors Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 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.

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Trade debtors

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

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.

 

Biddiscombes Floors and Interiors Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

 

Biddiscombes Floors and Interiors Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,747

1,662

 

Biddiscombes Floors and Interiors Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

5

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

3,160

20,060

23,220

Additions

-

2,000

2,000

At 31 October 2024

3,160

22,060

25,220

Depreciation

At 1 November 2023

2,743

15,493

18,236

Charge for the year

105

1,642

1,747

At 31 October 2024

2,848

17,135

19,983

Carrying amount

At 31 October 2024

312

4,925

5,237

At 31 October 2023

417

4,567

4,984

6

Debtors

2024
£

2023
£

Trade debtors

-

1,802

Prepayments

1,059

705

1,059

2,507

 

Biddiscombes Floors and Interiors Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

4,433

4,135

Trade creditors

 

11,561

9,021

Accruals and deferred income

 

1,896

1,704

Other creditors

 

18,248

12,956

 

36,138

27,816